Market Update United States Fed Chair Powell Speaks will start at 17:00 The new version of NAFTA is reached. The US and Canada agree on a framework for the new North American FTA, which is named “USMCA” by Trump The Tariff concerns continue. US September ISM manufacturing index fell than expected Europe Senior EU figures have attacked Theresa May’s post-Brexit immigration plan with the president of...
read moreMarket Update Europe The UK could be left with "no choice" but a no-deal Brexit if the EU tries to "lock us in" to a customs union, according to Dominic Raab. The Brexit secretary will tell his party's conference later that any attempt "via the back door" will be met with the UK walking away. He will say the UK's willingness to compromise is "not without limits". Chancellor Philip Hammond told the BBC the EU's views could...
read moreMarket Update United States GDP data and Goods Trade Balance will be released at 13:30 Pending Home Sales will be released at 15:00 The Federal Reserve raised interest rates as expected last night. The statement removed the statement that “monetary policy stance is loose”, raised the economic growth forecast for 2018 and 2019, and strengthened the possibility of a rate hike in December. It is expected to raise...
read moreMarket Update United States The CB Consumer Confidence will be released at 15:00 today Due to the resignation of the US Deputy Secretary of Justice and trade tensions, investors become more cautious, the S&P closed down 0.35%, the Dow fell 181 points, and the NASDAQ rose 0.08%. The U.S. and South Korea sign trade revision agreement, which is the first trade agreement after Trump becoming the president of the...
read moreMarket Update United States The chairman of the White House Council of Economic Advisers said that the US-Canada NAFTA negotiations are very close to the deadline. If the agreement cannot be reached this month, the revised NAFTA agreement may end up being a bilateral agreement between the United States and Mexico, not a trilateral agreement. S&P 500 index industry classification will be adjusted on Monday, Facebook...
read moreMarket Update United States Initial Jobless Claims and Philadelphia Fed Manufacturing Index will be announced at 13:30 Existing Home Sales will be announced at 15:00 Some media said that Trump NAFTA negotiated to abandon the purchase of American goods, and the Canadian dollar surged in short-term. The S&P 500 index closed up 0.13%. Dow Jones rose 0.61%. The NASDAQ fell 0.08%. Europe Emmanuel Macron...
read moreMarket Update United States The Building Permits data and the Housing Starts data will be released at 13:30 The United States will impose tariffs on Chinese goods worth 200 billion U.S. dollars. Simultaneously, China will impose approximately $60 billion worth of goods imports from the U.S. Tesla and CEO Musk face criminal investigations, Tesla fell nearly 6% in short-term, closing down more than 3% The S&P...
read moreMarket Update United States The United States and Canada NAFTA negotiations reproduce the twists and turns: the Prime Minister said that the dairy product protection system will be defended. NAHB Housing Market Index will be released at 15:00 The S&P 500 index closed down 0.56%. Dow Jones closed down 0.35%. The NASDAQ fell 1.43%. Europe The former deputy prime minister said he hoped MPs would reject a...
read moreMarket Update United States US retail sales data hit a minimum increase in six months in August, but the July data increase kept the market's expectations for strong economic growth in the third quarter. “Russiagate” showed significant progress: Trump's former campaign manager pleaded guilty and cooperated with the investigation The S&P 500 index closed up 0.03% and rose 1.2% for the week. Dow Jones rose...
read moreMarket Update United States Core CPI data and Initial Jobless Claims data will be released at 13:30 US PPI fell below expectations in August, decrease by 0.1% from the previous month, which is the first time dropping in last one half years Due to some positive news for the trade situation, US stocks have risen from the lows in the day. The S&P has risen slightly, the Dow rose 0.11%, and the Nasdaq fell...
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