Trading Market Commentary July 14, 2017


Bastille Day remains to be generally bullish for financial markets regardless of the data release, or possibly because of it. The unfavorable economic news is good news yet again, given it has been for years and years close to the financial catastrophe.

Another month, yet another substantial miss in US Retail Sales; The Commerce Department revealed a report showing Retail Sales surprisingly decreased by 0.2% in month June following edging lower by an adjusted 0.1% in month May. The continuing drop in sales surprised economic experts, who'd anticipated Retail Sales to increase by 0.1%.

In A separate report unveiled by the Labor Department revealed its CPI (Consumer Price Index) was unchanged for the month of June. Economic experts had anticipated CPI prices to go up by 0.1%.

In the meantime, the Fed (Federal Reserve) launched a report featuring Industrial Production has improved by 0.4% in the month of June after rising by a revised 0.1% in the month of May. Economic experts had anticipated  Industrial Production to go up by 0.3%.

US Markets

US stocks migrated predominantly higher throughout the course of the trading session on Friday, stretching the trend further up as was seen during the last some trading sessions. With all the results on the day, the DowJones and also the S&P500 accomplished new record finishing.

Almost all remains to be to play out as traders and investors key in results period particularly due to the marginal let down coming from latest economic news releases. Nevertheless, this is all very reassuring if and when Washington gets their act together and approves many tax reforms tabled.

The main Indexes retracted off their best values commencing the closing time, however, stayed  firmly in positive territory. The NASDAQ progressed 38.03 points (0.6%) to 6,312.47, the S&P500 rose11.44 points (0.5%)to 2,459.27, and the DowJones went up 84.65 points (0.4%) to 21,637.74.

Over the week, DowJones and the S&P500 leaped by 1% and 1.4% respectively, while the NASDAQ increased up by 2.6%.

European Markets

Eurozone Indexes finished lower on Friday session, however, did endure low volumes being the French CAC40 was closed due to the national holiday. Over-all markets have concluded the trading week much stronger as central bank begin the negotiations of taking out the punch bowl away from what they view as a hugely successful party.

Key DAX30 Index surrounded  0.1%, as the FTSE100 Index decreased by 0.5%, and CAC40 finished the week up about 1%. 

The previous few weeks have been excellent for Eurozone with robust performances coming from the two: equities and currency. The most apparent under performer continues to be fixed-income in such a getting brought to the forefront by the consolidating between and Treasuries and Bund. 

Asia-Pacific Markets

Primary Asia-Pacific markets finished much better with the Australian ASX Index closing up 0.5%, outperforming all of its abysmal performance in the past few days. The Nikkei225 likewise migrated higher along with the Japanese Yen fortifying. However, that was later on in the day following a lagging and weaker than anticipated US Consumer Price Index release.

Shanghai as well as Hang Seng Index likewise finished on a positive note, with HK's Hang Seng climbing 0.2% ending its very best week in more than a year being up 4.1%.

Currency Market

On Friday trading session, Euro Dollar, with the assistance of weaker than expected US economic data managed to recover last week losses, concluding the week back just beneath the 1.1500 level up against the US Dollar. Up to now, this month we have seen many higher lows and higher highs building up an upwards sloping consolidation part. The Japanese Yen has been seen trading middle of the 112’s near the end of trading session.

Commodity Markets

Sizeable strength and durability have also been noticeable among Precious Metal stocks, as demonstrated by the 1.5% increase posted via the NYSE Arca Gold Bugs Index. The robustness in the Gold stocks sector came as the Gold contract for August delivery rose by $10.20 to $1,227.50.

Crude oil stocks likewise found considerable strength and durability in the middle of an increase in the cost of crude oil. With crude oil for August delivery contract climbed $0.46 to $46.54 a barrel, the PHLX (Philadelphia) Oil Service Sector Index progressed by 1.3%.

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