Market Overview - Page 129

US retail sales significantly exceeded expectations, continuing a series of healthy data supporting global risk demand. US Census Bureau reported a 0.7% rise in sales for September after a 0.9% (revised from 0.7%) increase a month earlier. Sales excluding autos.

The eurozone’s trade surplus is under pressure this year, reducing support for the single currency against rivals. Data published today showed a reduction in the seasonally adjusted trade surplus to 11.1bn, compared with the expected 14.1bn and 13.5bn a month.

The S&P500 index closed Thursday with the biggest gain in seven months, adding 1.7%. In a sharp move, the index managed to get back above the 50-day average and maintained its position above that line as of Friday morning. Traders.

The dollar pulled back from a one-year high area, with US stock markets closing higher on Wednesday and its futures adding in trading in Asia. This performance was a market reaction to inflation data and FOMC meeting minutes. The market.

US inflation shows no signs of easing. The headline number returned to 5.4% y/y, the highest since 2008, vs the expected 5.3%. Core CPI stabilised at 4%. That is not to say that the data deviated much from expectations and.

In the most traded currency market pair, there is an even more persistent downward trend. The EURUSD has rolled back to 1.1550 from the local peak at 1.1900 in early September, experiencing a systematic decline. Since late September, the RSI.

The Japanese yen has collapsed by more than 1% to 113.50 in the past 24 hours, the biggest intraday gain since November last year and sending the pair to its highest since December 2018. Often the pressure on the yen.

Asian markets are developing demand for risky assets. Japan’s Nikkei225 has gained 1.5% since the start of the day on Monday, thanks to a weaker yen. Bargain hunters are buying shares of IT giants on the Chinese markets on signs.

The US economy created 194K jobs in September, well below the 490K-500K expected. Furthermore, employment estimates from ADP and weekly jobless claims set up even stronger data, highlighting the contrast between expectation and fact. However, not all numbers are weak..

Optimism, bordering on jubilation, prevailed in stock markets yesterday, although traders in FX and gold, for the most part, stood aloof from the move. A sigh of relief washed over in US stocks, causing sharp buying on news that the.

The energy market may have passed an inflexion point yesterday. The more than 20% jump in prices in Europe on Tuesday to $1,500 per 1,000 cubic meters triggered an avalanche of margin calls during the trading on Wednesday. At one.

US private sector employment rose by 568K from August to September, the ADP said in a report two days before the official NFP publication. These estimates were well above the expected 425K, indicating an acceleration in employment growth after two.