news

FC: US CLOSING REPORT: TUESDAY – 3RD – OCTOBER – 2017 October 03, 2017 at 09:15PM

fc-banner

US CLOSING REPORT:

TUESDAY – 3RD – OCTOBER – 2017

US cash equity markets closed at record highs (DJIA +0.4%, S&P +0.2%, NASDAQ +0.2%) with the Dow notching a five-day winning streak. US macro releases have impressed over the last few days which has provided some support although today’s data was less encouraging as ISM New York dropped to 49.7 from 56.6. Gains in auto-stocks also played their part as Ford and General Motors both beat on their September sales numbers. Elsewhere, Treasuries are a touch higher while the US Dollar trade with a slight negative bias although Sterling remains the underperformer after a soft construction PMI print earlier today and some less than encouraging Brexit rhetoric. Speaking to Sky News this afternoon UK PM May insisted that trade talks with the EU will happen at some point. She also suggested she had changed some thinking across Europe on Brexit. Elsewhere, Spanish King Felipe VI said leaders in Catalonia have broken laws of the state and have displayed an inadmissible lack of loyalty, adding Spain’s economic stability can be put at risk by Catalan leaders’ irresponsible behaviour. In Canada, BoC Deputy Governor Leduc said he expects the economic growth rate to decline over the next few quarters but should still exceed that of potential output.

Key Headlines/Data:

* US Auto Sales (Sep):
– Fiat-Chrysler: -9.7% versus -13.0% expected
– Ford: +8.9% versus +2.3% expected
– General Motors: +11.9% versus +7.9% expected

* Bank of Canada Deputy Governor Leduc said he expects the economic growth rate to decline over the next few quarters but should still exceed that of potential output.

* Speaking to Sky News, UK PM May insisted that trade talks with the EU will happen at some point. She also suggested she had changed some thinking across Europe on Brexit.

* US Crude futures settled at $50.42 (-$0.16) | Brent Crude futures settled at $56.00 (-$0.12)

* Spanish King Felipe VI said current situation in Catalonia is very serious, adding leaders in Catalonia have broken laws of the state and have displayed an inadmissible lack of loyalty. Lastly, he said Spain’s economic stability can be put at risk by Catalan leaders’ irresponsible behaviour.

Read more news on oursite:
UK news UK companies news Sterling pound news EU news EU companies news Euro news US news US companies news US Dollar news Japanese Yen news Chinese Yuan news Trading EU Shares Commodities news Crytocurrency news Major Currency Pairs Update fonecable中文版(简) fonecable中文版(繁) fonecable日文版 and more…

ava-tradeeasyfx-cardshawacademy

Advertisements