Tuesday, April 13, 2021
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers

    XTB Review

    Celox Review

    Onorio Review

    Lucrum Pro Review

    Plutus Global Review

    Galore Pro Review

    Profit Trade Review

    LegacyFX Review

    City Index Review

  • Broker Types
  • Forex Jobs
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers

    XTB Review

    Celox Review

    Onorio Review

    Lucrum Pro Review

    Plutus Global Review

    Galore Pro Review

    Profit Trade Review

    LegacyFX Review

    City Index Review

  • Broker Types
  • Forex Jobs
  • News
No Result
View All Result
No Result
View All Result
Home News Forex Broker News fpmarkets

Australian market expected to open higher 08/10/19

OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract expected to open up 25 points.

HSBC is planning further job cuts to its 238,000 workforce, a person familiar with the matter said, as interim Chief Executive Noel Quinn looks to make his mark on the bank as he competes for the top job.  

 

 

A top European Union privacy regulator is moving closer to making draft decisions involving Facebook Inc.’s WhatsApp and Twitter Inc. under the bloc’s new privacy law.  

ADVERTISEMENT

 

 

 

Overnight Summary

 

Market Quotes by TradingView

 

Each Market in Focus

 

 
Australian Market

Australian shares rose, with the benchmark S&P/ASX 200 index gaining 0.7% to 6563.6, as sentiment improved following a U.S. rally Friday after a positive jobs report.  

The move is the index’s second-straight session of gains, as the market recoups losses from the middle of last week when poor U.S. manufacturing data spooked investors.  

On Monday, the top gainers in the Australian index were Soul Pattinson, which gained 7.3%, and Clinuvel, which rose 4.2%. Speedcast lost 4.4%. The Australian stock index is up 16% this year.  

US Market

U.S. stocks inched lower intraday, pressured by a streak of disappointing economic data from around the world.  

The Dow Jones Industrial Average declined 44 points, or 0.2%, to 26530. The S&P 500 fell 0.2% and the Nasdaq Composite lost 0.1%.  Data Monday heightened investors’ worries about the health of the global economy.

Factory orders in Germany slipped more than expected in August, while confidence among eurozone investors fell to the lowest level in six years.  

The reports, coming days after a gauge of U.S. factory activity slipped to the lowest level in a decade, added to signs that economic growth is softening around the world.  While U.S. stocks remain up double-digit percentages for the year, helped by investor confidence that the Federal Reserve will keep lowering interest rates, some analysts warn further deterioration in economic data could chip away at the rally.  

Among individual stocks, General Motors fell 0.2% after negotiations between the firm and the United Auto Workers union broke down over the weekend.  

PayPal shares fell 1.1% after it said it was withdrawing from the group of companies Facebook assembled to launch a global cryptocurrrency-based payments network.  

 
Commodities
 
Gold settled lower to post back-to-back declines, as investors watched developments in Sino-American trade talks.  

U.S. and Chinese officials, including Vice Premier Liu He, are expected to resume trade discussions on Oct. 10-11. However, reports over the weekend indicate that Beijing delegates may be aiming to offer a narrower trade resolution than the Trump administration is hoping.  

Against that backdrop, December gold on Comex fell $8.50, or 0.6%, to settle at $1,504.40 an ounce. Prices for the most-active contract edged lower on Friday, but registered a weekly rise of 0.4%, according to FactSet data.  

December silver shed 8.5 cents, or 0.5%, to $17.54 an ounce, after booking a nearly 0.2% decline for the week.  

Oil Futures
 

U.S. benchmark oil prices reverse earlier gains to end the session just 0.1% lower at $52.75 a barrel as investors turn bearish ahead of US-China trade talks later this week. 

Additionally, traders say a strong dollar-the WSJ Dollar Index is trading 0.3% higher-was also pushing oil lower since crude prices are set in U.S. currency, so stronger U.S. currency tends to weaken oil prices.  

Forex

The U.S. dollar edged higher as government bond yields around the world declined relative to Treasurys. The dollar has remained supported by higher bond yields, even as expectations have increased for a Federal Reserve rate cut at the central bank’s meeting this month.   

 U.S.-based investors buying euro-denominated bonds and hedging back into dollars using foreign exchange swaps will earn the yield on the euro bond, plus the currency hedge, it notes. This means U.S. investors could buy forex hedged 3-5 year BBB-rated euro debt and pocket a 3.41% annualized yield, or a 79 basis point pickup over equivalent dollar debt, adds the bank.  

European Markets

European markets rose after early gains on Wall Street as the upbeat mood from solid payroll numbers on Friday continued, though U.S.-China trade uncertainty weighs. The Stoxx Europe 600 advanced 0.7%, while the FTSE 100 was up 0.6% and the DAX and CAC-40 gained 0.7% and 0.6% respectively.  

German manufacturing orders declined by 0.6% on the month, official data showed. Economists polled by The Wall Street Journal had forecast a small improvement of 0.2% growth.  

Shares of auto-parts maker Continental AG were among the biggest decliners in the region Monday, falling 1.1%. The company last month confirmed it would close production plants in several countries. Its competitor, Michelin, also said in September it would shut a factory in Germany.  

Asian Markets

Japan’s Nikkei slipped 0.2%, while Korea’s Kospi edged up 0.1%. Markets in Hong Kong and mainland China remained shut for a national holiday  

Chinese Vice Premier Liu He is expected to resume discussions with U.S. counterparts later this week.  

The Chinese offshore yuan was down 0.3% against the dollar, a move some analysts said reflected worsening prospects of a breakthrough in trade relations with the U.S. The offshore yuan could reach a new low if there isn’t resolution in trade talks by the end.

 

The post Australian market expected to open higher 08/10/19 appeared first on FP Markets.

0/5 (0 Reviews)
Share197Tweet123ShareSend

Related Posts

fpmarkets

Customer Relationship Officer – Polish

November 8, 2020
fpmarkets

China – Marketing Manager

November 8, 2020
fpmarkets

Iress Clients Margin Changes

June 14, 2020
fpmarkets

Customer Relationship Officer – Vietnamese

August 6, 2020
fpmarkets

Australian market expected to open lower 31/12/19

December 31, 2019
fpmarkets

Australian market expected to open lower 30/12/19

December 30, 2019

Select one of the Best Forex Brokers for your Trading  |  Read the Reviews

XTB Review

Celox Review

Onorio Review

Lucrum Pro Review

Plutus Global Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. forexbroker.news is an affiliated partner with various Forex brokers and may be compensated for referred Forex traders.

Risk Disclosure: Forexbroker.news assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. speculating only the money you can afford to lose. Forexbroker.news remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, Forexbroker.news assumes no responsibility for any trading losses you might incur as a result of using this data.You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBroker.News has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBroker.News, nor shall it bias our reviews, analysis, and opinions.

  • Privacy Policy
  • Contact US
  • Terms of use,

Copyright © 2020 forexbroker.news

No Result
View All Result
  • Home
  • Forex Broker Reviews
  • Broker Types
  • Forex Jobs
  • News

© 2020 https://forexbroker.news - Forex Broker news & magazine