CFD Markets News and Forecasts — 08-08-2018

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08.08.2018
23:50
Japan: Core Machinery Orders, y/y, June 0.3% (forecast 9.5%)
23:50
Japan: Core Machinery Orders, June -8.8% (forecast -1.3%)
22:39
Stocks. Daily history for August 08’ 2018:


Index

Change items

Closing price

% change

Nikkei

-18.43

22644.31

-0.08%

TOPIX

-1.34

1744.71

-0.08%

CSI 300

-54.36

3314.51

-1.61%

KOSPI

+1.29

2301.45

+0.06%

FTSE 100

+58.17

7776.65

+0.75%

DAX

-14.65

12633.54

-0.12%

CAC 40

-19.41

5501.90

-0.35%

DJIA

-45.16

25583.75

-0.18%

S&P 500

-0.75

2857.70

-0.03%

NASDAQ

+4.66

7888.32

+0.06%

22:38
Currencies. Daily history for August 08’ 2018:


Pare

Closed

% change

EUR/USD

$1,1613

+0,15%

GBP/USD

$1,2886

-0,36%

USD/CHF

Chf0,99245

-0,34%

USD/JPY

Y110,91

-0,41%

EUR/JPY

Y128,81

-0,26%

GBP/JPY

Y142,928

-0,81%

AUD/USD

$0,7434

+0,22%

NZD/USD

$0,6704

-0,44%

USD/CAD

C$1,30169

-0,33%

21:00
New Zealand: RBNZ Interest Rate Decision, 1.75% (forecast 1.75%)
20:27
The major US stock indexes finished trading in different directions

The major US stock markets closed mixed, as the fall in crude oil prices put pressure on energy companies, and offset the growth of the technology sector and the conglomerate sector. The pressure on the market also exerted uncertainty related to the situation in the trade.

Investors also continued to analyze corporate reporting. Most companies have already reported on the results for the last quarter.

Oil prices fell by about 3.5% after the data on China's imports underscored the continued slowdown in demand from the largest consumer. However, evidence of the fall in oil reserves in the US and the introduction of Iranian sanctions provided some price support. Imports of crude oil by China rebounded slightly in July after falling during the previous two months, but it was still one of the lowest this year due to a decrease in demand from small independent refineries in the country. Deliveries of crude oil to China in July amounted to 36.02 million tons or 8.48 million barrels per day, an increase from 8.18 million barrels per day a year earlier and from 8.36 million barrels a day in June, customs data showed.

Components DOW completed the auction mixed (15 in positive territory, 15 in negative territory). The leader of growth was the shares of McDonald's Corporation (MCD, + 1.85%). Outsider were shares of The Walt Disney Company (DIS, -2.21%).

Most S & P sectors recorded a decline. The largest drop was shown by the sector of industrial goods (-0.5%). The sector of conglomerates grew most (+ 0.3%),

At closing:

Dow 25,583.75 -45.16 -0.18%

S&P 500 2,857.70 -0.75 -0.03%

Nasdaq 100 7,888.33 +4.66 +0.06%

19:01
DJIA -0.11% 25,599.48 -29.43 Nasdaq +0.11% 7,892.59 +8.93 S&P +0.03% 2,859.44 +0.99
15:59
European stocks closed: FTSE 100 +58.17 7776.65 +0.75% DAX -14.65 12633.54 -0.12% CAC 40 -19.41 5501.90 -0.35%
14:32
U.S. commercial crude oil inventories decreased by 1.4 million barrels from the previous week

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.4 million barrels from the previous week. At 407.4 million barrels, U.S. crude oil inventories are about 1% below the five year average for this time of year.

Total motor gasoline inventories increased by 2.9 million barrels last week and are about 4% above the five year average for this time of year. Finished gasoline and blending components inventories both increased last week.

Distillate fuel inventories increased by 1.2 million barrels last week and are about 10% below the five year average for this time of year. Propane/propylene inventories increased by 0.1 million barrels last week and are about 13% below the five year average for this time of year. Total commercial petroleum inventories increased last week by 3.3 million barrels last week.

14:30
U.S.: Crude Oil Inventories, August -1.351 (forecast -3.367)
14:29
Saudi Arabia is said to begin selling off Canadian assets: FT
13:33
U.S. Stocks open: Dow 0.00%, Nasdaq -0.08%, S&P -0.07%
13:19
Before the bell: S&P futures -0.16%, NASDAQ futures -0.30%

U.S. stock-index futures fell slightly on Wednesday, as concerns over escalating trade tensions between the U.S. and China overshadowed a strong second-quarter earnings season.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

22,644.31

-18.43

-0.08%

Hang Seng

28,359.14

+110.26

+0.39%

Shanghai

2,745.11

-34.26

-1.23%

S&P/ASX

6,268.50

+14.60

+0.23%

FTSE

7,771.32

+52.84

+0.68%

CAC

5,513.39

-7.92

-0.14%

DAX

12,650.56

+2.37

+0.02%

Crude

$68.19


-1.42%

Gold

$1,215.40


-0.24%

12:51
Wall Street. Stocks before the bell

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


ALCOA INC.

AA

42.02

0.05(0.12%)

7861

Apple Inc.

AAPL

206.38

-0.73(-0.35%)

119759

Barrick Gold Corporation, NYSE

ABX

10.76

-0.03(-0.28%)

47931

Boeing Co

BA

350.77

0.01(0.00%)

7765

Chevron Corp

CVX

123.96

-1.22(-0.97%)

285

Exxon Mobil Corp

XOM

80.93

-0.34(-0.42%)

13877

Facebook, Inc.

FB

184

0.19(0.10%)

91854

Ford Motor Co.

F

10.07

-0.01(-0.10%)

25799

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

15.31

-0.05(-0.33%)

9243

Google Inc.

GOOG

1,243.11

0.89(0.07%)

2142

Google Inc.

GOOG

1,243.11

0.89(0.07%)

2142

Intel Corp

INTC

49.68

-0.02(-0.04%)

14891

Johnson & Johnson

JNJ

131.5

0.04(0.03%)

368

JPMorgan Chase and Co

JPM

117.4

-0.15(-0.13%)

6087

Microsoft Corp

MSFT

108.65

-0.23(-0.21%)

17650

Pfizer Inc

PFE

40.71

-0.13(-0.32%)

8682

Procter & Gamble Co

PG

82.6

-0.04(-0.05%)

135

Starbucks Corporation, NASDAQ

SBUX

51.81

0.10(0.19%)

1929

Twitter, Inc., NYSE

TWTR

32.7

0.03(0.09%)

114542

Verizon Communications Inc

VZ

52.41

-0.05(-0.10%)

2503

Visa

V

140.02

-0.26(-0.19%)

2533

12:45
Target price changes before the market open

Walt Disney (DIS) target lowered to $121 from $123 at B. Riley FBR

12:30
Canada: Building Permits (MoM) , June -2.3% (forecast 1%)
12:05
Company News: Snap (SNAP) posts lower-than-expected Q2 loss

Snap (SNAP) reported Q2 FY 2018 loss of $0.14 per share (versus -$0.16 in Q2 FY 2017), $0.03 better than analysts' consensus estimate of -$0.17.

The company's quarterly revenues amounted to $0.262 bln (+44.4% y/y), beating analysts' consensus estimate of $0.250 bln.

The company also issued guidance for Q3, projecting Q3 revenues of $265-290 mln versus analysts' consensus estimate of $289.59 mln.

SNAP fell to $12.96 (-1.22%) in pre-market trading.

11:24
Company News: Disney (DIS) quarterly earnings miss analysts’ estimate

Disney (DIS) reported Q3 FY 2018 earnings of $1.87 per share (versus $1.58 in Q3 FY 2017), missing analysts' consensus estimate of $1.95.

The company's quarterly revenues amounted to $15.228 bln (+7.0% y/y), generally in-line with analysts' consensus estimate of $15.342 bln.

DIS fell to $115.50 (-0.91%) in pre-market trading.

11:01
Italy PM Conte Says Italy Has No Plan A, Plan B Or Plan C, There Is A Single Government Plan On The Budget, No Separate Savona Plan @LiveSquawk
10:44
The IMF said that India's growth prospects look quite optimistic

According to the International Monetary Fund, the economy of India is gaining momentum, and growth prospects look optimistic.

Ranil Salgado, the head of the IMF team in India, said that the economy of India is projected to grow to around 7.3% during the current financial year, beginning in April 2018, from 6.7% recorded a year ago.

At the same time, inflation in the country grew partly because of the decline in the economic recession.

According to Salgado, the tax on goods and services should increase productivity and promote medium-term potential growth, and also provoke the government to increase much-needed social and infrastructure costs.

He added that India should intensify its reform efforts in order to maintain the current positive growth rate.

10:42
Spain's industrial production grew at a slower pace in June

Spain's industrial production grew at a slower pace in June, the statistical office INE said Wednesday, cited by rttnews.

Industrial output rose by adjusted 0.5 percent annually after expanding 1.3 percent in May.

On an unadjusted basis, industrial production fell 2 percent, in contrast to a 1.3 percent rise a month ago.

Month-on-month, industrial output dropped 0.6 percent in June, reversing May's 0.8 percent rise.

09:26
Glencore missed consensus estimates for adjusted Ebitda by 3.2%, sending shares down in early trade

Bernstein analysts say the Anglo-Swiss miner and commodities trader is starting to see cost inflation creeping in, as across the industry, after Glencore flagged higher-than-expected copper- and zinc-mine costs.

08:07
The FTSE 100 edges up 0.1% to 7725.63 in early London trade as shares in heavyweight miner Glencore drop 2%
07:37
FTSE -1.83 7716.65 -0.02% DAX -27.17 12621.02 -0.21% CAC -0.09 5521.22 0%
06:54
Options levels on wednesday, August 8, 2018 EURUSD GBPUSD

EUR/USD

Resistance levels (open interest**, contracts)

$1.1754 (3502)

$1.1703 (1519)

$1.1670 (2762)

Price at time of writing this review: $1.1613

Support levels (open interest**, contracts):

$1.1552 (3065)

$1.1525 (4024)

$1.1493 (5235)


Comments:

- Overall open interest on the CALL options and PUT options with the expiration date September, 7 is 121937 contracts (according to data from August, 7) with the maximum number of contracts with strike price $1,1500 (10465);


GBP/USD

Resistance levels (open interest**, contracts)

$1.3109 (2012)

$1.3080 (743)

$1.3033 (511)

Price at time of writing this review: $1.2933

Support levels (open interest**, contracts):

$1.2896 (1263)

$1.2876 (2763)

$1.2851 (2221)


Comments:

- Overall open interest on the CALL options with the expiration date September, 7 is 30612 contracts, with the maximum number of contracts with strike price $1,3450 (3338);

- Overall open interest on the PUT options with the expiration date September, 7 is 26935 contracts, with the maximum number of contracts with strike price $1,2900 (3082);

- The ratio of PUT/CALL was 0.88 versus 0.82 from the previous trading day according to data from August, 7.

* - 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.

06:24
Futures: Eurostoxx -0,2% DAX 0,0% FTSE -0,1% CAC 40 -0,1%
06:17
Italy’s economy minister stressing that the government is not looking at leaving the euro and that he doesn’t see a rush to exit BTPs @AntBarton89
06:05
Japan's economy it is likely to continue expanding, mainly against the background of highly accommodative financial conditions and the underpinnings through government spending - Opinions

Opinions on Economic and Financial Developments:

  • Japan's economy is expanding moderately, with a virtuous cycle from income to spending operating. Going forward, it is likely to continue expanding, mainly against the background of highly accommodative financial conditions and the underpinnings through government spending.

  • Japan's economy is expanding moderately. In fiscal 2018, the economy is likely to continue growing at a pace above its potential. From fiscal 2019 onward, the growth pace is projected to decelerate temporarily, due mainly to the effects of the scheduled consumption tax hike, and recover gradually thereafter.

  • As uncertainties for the time being, it is necessary to pay attention to the effects on economic activity of the heavy rain in July and the record-breaking heat wave continuing nationwide.

  • With regard to the risk balance in the global economy, there likely are growing downside risks stemming from trade friction between such economies as the United States and China as well as from currency fluctuations.

  • The effects on the global economy of the depreciation of emerging economies' currencies as well as the developments in policy rate hikes in those economies warrant close attention.

06:02
RBA Governor Lowe: No strong case for a near term interest rate move

  • Escalation of trade war could be damaging for the global economy

  • Says RBA does not target house prices but a period of moderation is needed

  • Most likely economy continue on current track

  • Hope I can raise interest rates at some point in my term

  • Not looking to review the inflation target any time soon

  • Confident will get back to 2.5% inflation, will take time

*via forexlive
06:00
Australian home loans down 1.1% in June

June 2018 compared with May 2018:

  • The trend estimate for the total value of dwelling finance commitments excluding alterations and additions fell 0.7%. Owner occupied housing commitments fell 0.2% and investment housing commitments fell 1.8%.

  • In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.6%.

June 2018 compared with May 2018:

  • In trend terms, the number of commitments for owner occupied housing finance fell 0.5% in June 2018.

  • In trend terms, the number of commitments for the purchase of new dwellings fell 1.1%, the number of commitments for the purchase of established dwellings fell 0.4% and the number of commitments for the construction of dwellings fell 0.4%.

  • In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 18.1% in June 2018 from 17.6% in May 2018.

05:49
China's exports growth exceeded expectations in July

China's exports growth exceeded expectations in July, rttnews said.

Exports advanced 12.2 percent year-on-year in July, faster than the 10 percent rise economists had forecast.

At the same time, imports surged 27.3 percent from a year ago versus the expected growth of 16.5 percent.

Looking ahead, Julian Evans-Pritchard, an economist at Capital Economics said he expects export growth to cool in the coming months, though this will primarily reflect softer global growth rather than US tariffs, the direct impact of which will continue to be mostly offset by the renminbi's recent depreciation.

05:47
Japan's current account surplus rose less than expected in June

Japan had a current account surplus of 1.175 trillion yen in June, according to rttnews

That was shy of expectations for 1.222 trillion yen and down from 1.938 trillion yen in May.

The trade balance reflected a surplus of 820.5 billion yen, missing forecasts for 822.0 billion yen following the 303.8 billion yen deficit in the previous month.

The adjusted current account surplus was 1.762 trillion yen, shy of expectations for 1.866 trillion yen and down from 1.850 trillion yen a month earlier.

05:16
Japan: Eco Watchers Survey: Current , July 46.6 (forecast 47.8)
05:16
Japan: Eco Watchers Survey: Outlook, July 49 (forecast 49.8)
03:16
China: Trade Balance, bln, July 28.05 (forecast 39.33)
01:30
Australia: Home Loans , June -1.1% (forecast 0.2%)

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