CFD Markets News and Forecasts — 03-10-2017

(raw materials / closing price /% change)

Oil 50.18 -0.79%

Gold 1,274.10 -0.13%

(index / closing price / change items /% change)

Nikkei +213.29 20614.07 +1.05%

TOPIX +10.84 1684.46 +0.65%

Euro Stoxx 50 +3.04 3605.73 +0.08%

FTSE 100 +29.27 7468.11 +0.39%

DAX +73.79 12902.65 +0.58%

CAC 40 +16.97 5367.41 +0.32%

DJIA +84.07 22641.67 +0.37%

S&P 500 +5.46 2534.58 +0.22%

NASDAQ +15.00 6531.72 +0.23%

S&P/TSX +23.51 15728.51 +0.15%

(pare/closed(GMT +3)/change, %)

EUR/USD $1,1736 +0,03%

GBP/USD $1,3236 -0,30%

USD/CHF Chf0,97369 -0,07%

USD/JPY Y112,88 +0,15%

EUR/JPY Y132,48 +0,18%

GBP/JPY Y149,401 -0,15%

AUD/USD $0,7833 +0,02%

NZD/USD $0,7153 -0,57%

USD/CAD C$1,2488 -0,17%

00:00 China Bank holiday

07:50 France Services PMI (Finally) September 54.9 57.1

07:55 Germany Services PMI (Finally) September 53.5 55.6

08:00 Eurozone Services PMI (Finally) September 54.7 55.6

08:30 United Kingdom Purchasing Manager Index Services September 53.2 53.2

09:00 Eurozone Retail Sales (YoY) August 2.6% 2.6%

09:00 Eurozone Retail Sales (MoM) August -0.3% 0.3%

12:15 U.S. ADP Employment Report September 237 130

13:45 U.S. Services PMI (Finally) September 56 55.1

14:00 U.S. ISM Non-Manufacturing September 55.3 55.5

14:30 U.S. Crude Oil Inventories September -1.846 -0.756

16:15 Eurozone ECB President Mario Draghi Speaks

19:00 U.S. FOMC Member James Bullard Speaks

19:15 U.S. Fed Chairman Janet Yellen Speaks

The main US stock indices rose slightly on Tuesday, reaching new record highs, helped by the rally in the conglomerate and services sector, as well as the appreciation of shares of Ford Motor (F) and General Motors (GM) after automakers reported strong sales in September .

Gradually, investors' attention shifts to the quarterly reporting of the corporate segment for the third quarter (the unofficial start of the season of reports of US companies will occur on October 12 with the publication of financial results of several major financial institutions (Citigroup (C), JPMorgan Chase (JPM).) According to Thomson Reuters, , included in the index basket S & P 500, is expected to show an increase of 6.2% compared with the same period last year, after exceeding expectations of growth of 12.3% y / y in the second quarter.

Oil traded in a narrow range on Tuesday, remaining near the opening level of the session, as traders analyzed the prospects for global oil supplies against the backdrop of growth in OPEC production in September, and also expected fresh data on oil stocks in the US. Later today, the American Petroleum Institute will present its report on oil products reserves, and on Wednesday official figures on oil reserves from the US Energy Ministry will be released. Recall, a week earlier, oil reserves, according to the Ministry of Energy, fell by 1.846 million barrels. According to forecasts, last week the oil reserves decreased by 0.756 million barrels. Analysts also expect an increase of 1.5 million barrels in gasoline inventories and a drop of 2.4 million barrels in distillate stocks.

Most components of the DOW index finished trading in positive territory (25 out of 30). Wal-Mart Stores, Inc. became the leader of growth. (WMT, + 1.13%). Outsider were the shares of NIKE, Inc. (NKE, -0.65%).

Almost all sectors of the S & P index recorded an increase. The conglomerate sector grew most (+ 0.6%). The decrease was shown only by the utility sector (-0.2%).

At closing:

DJIA + 0.37% 22.641.67 +84.07

Nasdaq + 0.23% 6.531.71 + 14.99

S & P + 0.22% 2.534.58 + 5.46

• There is a determined exercise underway in whitehall devoted to contingency arrangements on Brexit

• Repeal bill is essential and we will not allow it to be wrecked

• A 'no deal' scenario is not what we seek

• "Almost time" on removing qualitative test from stress testing for large banks

• Regulators have "significant flexibility" in refining volcker rule even for larger firms

EUR/USD: 1.1700(444 млн), 1.1750-55(761 млн), 1.1770-75(2.32 млрд), 1.1800(897 млн), 1.1850(581 млн), 1.1880-85(752 млн)

GBP/USD: 1.3125(381 млн), 1.3400(257 млн)

USD/JPY: 110.25(930 млн), 111.00(389 млн), 112.00(487 млн), 114.00(400 млн)

USD/CHF: 0.9715(225 млн)

AUD/USD: 0.7600(510 млн), 0.7675(367 млн), 0.7750(457 млн), 0.7850(407 млн), 0.7900(374 млн)

NZD/USD: 0.7100(396 млн), 0.7150(234 млн), 0.7450(279 млн)

U.S. stock-index futures were slightly higher on Tuesday, a day after all the three major indexes hit new all-time highs, with investors' attention gradually shifting to the upcoming third-quarter corporate earnings.

Global Stocks:

Nikkei 20,614.07 +213.29 +1.05%

Hang Seng 28,173.21 +618.91 +2.25%

Shanghai -

S&P/ASX 5,701.44 -27.89 -0.49%

FTSE 7,448.37 +9.53 +0.13%

CAC 5,362.66 +12.22 +0.23%

DAX 12,902.65 +73.79 +0.58%

Crude $50.30 (-0.55%)

Gold $1,273.00 (-0.22%)

(company / ticker / price / change ($/%) / volume)

Home Depot (HD) initiated with a Buy at Gordon Haskett; target $189

General Motors (GM) upgraded to Buy from Neutral at BofA/Merrill

• Narrows symmetrical corridor of interest rates on its standing facilities to +/- 1.25pct from 1.5 pct around the policy rate

• Russia, OPEC to discuss global oil cut deal implementation

• Plans to hold bilateral meetings with some OPEC ministers

• FPC sees slightly higher risk than previously thought of Brexit disruption to wholesale UK banking services

• Prudential regulation authority engaging with EU banks about contingency planning for bank branches in UK

• EU bank branches account for one tenth of lending to UK companies

• FPC view in march 2017 was that reliance on Libor as benchmark created financial stability risk

September data revealed a difficult month for the UK construction sector, as a sustained drop in new work led to the first reduction in overall business activity since August 2016. Survey respondents attributed the drop in workloads to fragile confidence and subdued risk appetite among clients, especially in the commercial building sector.

The seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers' Index registered 48.1 in September, down from 51.1 in August and below the crucial 50.0 no-change threshold for the first time in 13 months. The latest reading signalled the fastest decline in overall construction output since July 2016.

In August 2017, compared with July 2017, industrial producer prices rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In July 2017, prices remained stable in the euro area and increased by 0.1% in the EU28. In August 2017, compared with August 2016, industrial producer prices rose by 2.5% in the euro area and by 2.9% in the EU28.

The 0.3% increase in industrial producer prices in total industry in the euro area in August 2017, compared with July 2017, is due to rises of 0.7% in the energy sector, of 0.2% for intermediate goods and of 0.1% for both durable and non-durable consumer goods, while prices remained stable for capital goods. Prices in total industry excluding energy rose by 0.1%.

EUR/USD: 1.1700(444 m), 1.1750-55(761 m), 1.1770-75(2.32 b), 1.1800(897 m), 1.1850(581 m), 1.1880-85(752 m)

GBP/USD: 1.3125(381 m), 1.3400(257 m)

USD/JPY: 110.25(930 m), 111.00(389 m), 112.00(487 m), 114.00(400 m)

USD/CHF: 0.9715(225 m)

AUD/USD: 0.7600(510 m), 0.7675(367 m), 0.7750(457 m), 0.7850(407 m), 0.7900(374 m)

NZD/USD: 0.7100(396 m), 0.7150(234 m), 0.7450(279 m)

The number of unemployed registered in the offices of the Public Employment Service (SEPE) has risen in September by 27,858 people in relation to the previous month. In the last 8 years this month registered unemployment had increased by almost 50,000 people (49,764).

Thus, the total number of registered unemployed stands at 3,410,182. It remains at its lowest level in the last 8 years. In seasonally adjusted terms, unemployment declines again and it does so in 16,451 people. In the last 12 months, unemployment has decreased by 310,115 people, with a month-on-month increase of 8.34% in unemployment.

EUR/USD

Resistance levels (open interest**, contracts)

$1.1867 (1482)

$1.1835 (2614)

$1.1792 (497)

Price at time of writing this review: $1.1716

Support levels (open interest**, contracts):

$1.1646 (3519)

$1.1598 (3588)

$1.1549 (1728)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date October, 6 is 106506 contracts (according to data from October, 2) with the maximum number of contracts with strike price $1,1800 (6852);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3421 (1524)

$1.3360 (2485)

$1.3323 (1768)

Price at time of writing this review: $1.3259

Support levels (open interest**, contracts):

$1.3185 (1657)

$1.3142 (3086)

$1.3096 (1549)

Comments:

- Overall open interest on the CALL options with the expiration date October, 6 is 36160 contracts, with the maximum number of contracts with strike price $1,3700 (3027);

- Overall open interest on the PUT options with the expiration date September, 8 is 42001 contracts, with the maximum number of contracts with strike price $1,3150 (3086);

- The ratio of PUT/CALL was 1.16 versus 1.15 from the previous trading day according to data from October, 2

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

• Growth expected to pick up gradually over the coming years

• Expects gradual increase in underlying inflation

• House prices rising briskly in some markets

• Slow growth in wages, high household debt likely to constrain growth and spending

• Says signs conditions are easing in Sydney house prices

• Employment has been stronger over recent months, forward looking indicators strong

• Australia's terms of trade expected to decline but remain high

• Broader implications for the US and China would be relatively limited

• With Vietnam, loss of exports to South Korea and supply chain disruptions would weaken their credit profile

• If conflict led to sustained capital flows away from higher-risk emerging markets,liquidity risk would increase

The trend estimate for total dwellings approved rose 1.1% in August and has risen for seven months.

The seasonally adjusted estimate for total dwellings approved rose 0.4% in August following a fall of 1.2% in the previous month.

The trend estimate for private sector houses approved rose 0.9% in August and has risen for six months.

The seasonally adjusted estimate for private sector houses fell 0.6% in August after rising for three months.

The trend estimate for private sector dwellings excluding houses rose 1.3% in August and has risen for three months.

The seasonally adjusted estimate for private sector dwellings excluding houses rose 4.8% in August following a fall of 6.6% in the previous month.

"Conditions in the global economy have improved. Labour markets have tightened and above-trend growth is expected in a number of advanced economies, although uncertainties remain. Growth in the Chinese economy is being supported by increased spending on infrastructure and property construction, with the high level of debt continuing to present a medium-term risk. Australia's terms of trade are expected to decline in the period ahead but remain at relatively high levels.

Wage growth remains low in most countries, as does core inflation. Headline inflation rates are generally lower than at the start of the year, largely reflecting the earlier decline in oil prices. In the United States, the Federal Reserve has indicated that it will begin the process of balance sheet normalisation in October and that it expects to increase interest rates further. In the other major economies, there is no longer an expectation of additional monetary easing. Financial markets have been functioning effectively and volatility remains low.

The Australian economy expanded by 0.8 per cent in the June quarter. This outcome and other recent data are consistent with the Bank's expectation that growth in the Australian economy will gradually pick up over the coming year.

Over recent months there have been more consistent signs that non-mining business investment is picking up. A consolidation of this trend would be a welcome development. Business conditions as reported in surveys are at a high level and capacity utilisation has risen. A large pipeline of infrastructure investment is also supporting the outlook. Against this, slow growth in real wages and high levels of household debt are likely to constrain growth in household spending".

Asian equity markets were broadly higher on Tuesday, with stocks in Hong Kong and Japan leading gains to track overnight strength on Wall Street, thanks to upbeat U.S. data. The Hang Seng Index HSI, +1.63% opened the fourth quarter with a 1.6% gain, in part catching up to the region's gains on Monday, when the city's stock exchange was shut for a holiday. Markets in China and South Korea are closed for the entire week.

European stocks kicked off the week in an upbeat mood on Monday, getting a boost from a weaker euro that tumbled after violent clashes in Catalonia in Spain during the weekend's independence referendum.

U.S. stock benchmarks closed at all-time highs on Monday afternoon, as equities resumed a steady run-up that could set the tone for the final three months of 2017. Four main benchmarks set records: the S&P 500 index, the Dow, the Nasdaq and the small-cap Russell, shaking off a mass shooting in Las Vegas that President Donald Trump described as "an act of pure evil."