International Markets

International Markets
Image result for international market
US Markets: The US markets recouped most of the losses and ended slightly lower during the week amid concerns on fading fiscal stimulus and Federal Reserve interest rate tightening measures followed by concerns on corporate earnings in the current season. On the data front, the number of Americans filing for unemployment benefits for the week ended October 20, 2018 increased by 5,000 to 215,000 from 210,000 in the previous week, slightly higher than analyst expectations of 214,000. US core capital goods orders declined by 0.1% in September lower than economists’ expectations of 0.5% increase. US new home sales decreased by 5.5% to 553,000 units in September much lower than economists’ expectations of 1.4% decrease to 627,000 units indicating rising mortgage rates and higher prices affecting demand for housing.
 
European Markets: The European markets closed lower during the week amid global sell-off and concerns on ECB rising interest rates after leaving it at zero since March 2016. On the data front, ECB left interest rates unchanged guiding for no change in rates till 2019 summer. Markit Eurozone Services PMI fell to 52.1 in October from 53.2 in September. Services PMI came in at 53.3 in October as compared to 54.7 in September lower than analyst expectations of 54.5. Euro zone consumer sentiment rose slightly to -2.7 points in October from -2.9 points in September, better than analyst expectations of -3.2 points. German IFO Business Climate Index declined to 102.8 in October from 103.7 in September, lower than analyst expectations of 103.1.

MORE Will UPDATE SOON!!

Comments

Popular posts from this blog

Tech leads Wall Street's advance after strong jobs data

Wall Street rises as climbing yields boost financials The Dow Jones Industrial Average fell 3.57 points, or 0.01 percent, to 25,054.55, the S&P 500 gained 5.24 points, or 0.19 percent, to 2,807.07 and the Nasdaq Composite added 21.58 points, or 0.28 percent, to 7,841.78.

Almost 2/3 of world stocks in bear territory but $8.5 bn flowed into funds: BAML