CFD Markets News and Forecasts — 13-09-2017

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

Nikkei +89.20 19865.82 +0.45%

TOPIX +9.88 1637.33 +0.61%

Hang Seng -78.16 27894.08 -0.28%

CSI 300 +4.68 3842.61 +0.12%

Euro Stoxx 50 +10.58 3523.14 +0.30%

FTSE 100 -20.99 7379.70 -0.28%

DAX +28.80 12553.57 +0.23%

CAC 40 +8.58 5217.59 +0.16%

DJIA +39.32 22158.18 +0.18%

S&P 500 +1.89 2498.37 +0.08%

NASDAQ +5.91 6460.19 +0.09%

S&P/TSX -16.60 15126.81 -0.11%

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

EUR/USD $1,8856 -4,18%

GBP/USD $1,3204 -0,62%

USD/CHF Chf0,96392 +0,43%

USD/JPY Y110,50 +0,31%

EUR/JPY Y131,36 -0,33%

GBP/JPY Y145,913 -0,30%

AUD/USD $0,7983 -0,45%

NZD/USD $0,7238 -0,62%

USD/CAD C$1,21712 -0,06%

01:00 Australia Consumer Inflation Expectation September 4.2%

01:30 Australia Changing the number of employed August 27.9 15

01:30 Australia Unemployment rate August 5.6% 5.6%

02:00 China Retail Sales y/y August 10.4% 10.5%

02:00 China Industrial Production y/y August 6.4% 6.6%

02:00 China Fixed Asset Investment August 8.3% 8.2%

04:30 Japan Industrial Production (YoY) (Finally) July 5.5% 4.7%

04:30 Japan Industrial Production (MoM) (Finally) July 2.2% -0.8%

06:45 France CPI, y/y (Finally) August 0.7% 0.9%

06:45 France CPI, m/m (Finally) August -0.3% 0.5%

07:30 Switzerland SNB Interest Rate Decision -0.75% -0.75%

07:30 Switzerland SNB Monetary Policy Assessment

10:45 Eurozone ECB's Yves Mersch Speaks

11:00 United Kingdom Bank of England Minutes

11:00 United Kingdom BoE Interest Rate Decision 0.25% 0.25%

11:00 United Kingdom Asset Purchase Facility 435 435

12:30 Canada New Housing Price Index, MoM July 0.2% 0.3%

12:30 Canada New Housing Price Index, YoY July 3.9%

12:30 U.S. Continuing Jobless Claims 1940 1.985

12:30 U.S. Initial Jobless Claims 298 300

12:30 U.S. CPI, Y/Y August 1.7% 1.8%

12:30 U.S. CPI excluding food and energy, Y/Y August 1.7% 1.6%

12:30 U.S. CPI, m/m August 0.1% 0.3%

12:30 U.S. CPI excluding food and energy, m/m August 0.1% 0.2%

15:30 Germany German Buba President Weidmann Speaks

22:30 New Zealand Business NZ PMI August 55.4

Major US stock indices slightly increased, continuing yesterday's rally, and again renewing its record highs, as the fall in the services sector was offset by an increase in the conglomerate sector.

A certain influence on the dynamics of trading was provided by the US data, which indicated that inflation at the wholesale level recovered by the end of summer, but most of the growth reflects higher prices for gasoline. The Ministry of Labor said that in August the producer price index rose by 0.2%. Economists predicted an increase in wholesale inflation by 0.3% after a slight decline in July. A nearly 10% jump in the cost of gas accounted for most of the increase in wholesale inflation last month. The so-called base prices, a measure that removes food, energy and retail trade, also increased by 0.2%. The base rate is seen as a more stable barometer of inflation. The price increase in August pushed the 12-month rate of inflation to 2.4% from 1.9%, just below the 5-year high.

The cost of oil jumped by more than 1.5 percent after the International Energy Agency (IEA) reported that the global surplus of crude oil began to decline due to strong global demand and falling production among OPEC countries and other producers. "Based on recent rates made by investors, the expectations are that the markets are tightening and prices will grow, although very modestly," the IEA monthly report says. "The growth in demand continues to be stronger than expected, especially in Europe and the US," the IEA said, while increasing its estimate of world oil demand growth in 2017 to 1.6 million barrels per day from 1.5 million barrels per day.

Most components of the DOW index recorded a rise (19 out of 30). The leader of growth was shares of Chevron Corporation (CVX, + 1.54%). Outsider were shares of Caterpillar Inc. (CAT, -1.18%).

Most sectors of the S & P index finished trading in the red. The utilities sector showed the greatest decrease (-0.5%). The conglomerate sector grew most (+ 0.7%).

At closing:

DJIA + 0.18% 22,158.18 +39.32

Nasdaq + 0.09% 6,460.19 +5.91

S & P + 0.08% 2.498.36 +1.88

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.9 million barrels from the previous week. At 468.2 million barrels, U.S. crude oil inventories are in the upper half of the average range for this time of year.

Total motor gasoline inventories decreased 8.4 million barrels last week, but are in the upper limit of the average range. Both finished gasoline inventories and blending components inventories decreased last week.

Distillate fuel inventories decreased by 3.2 million barrels last week but are in the middle of the average range for this time of year. Propane/propylene inventories increased by 2.3 million barrels last week and are in the middle of the average range. Total commercial petroleum inventories increased by 1.7 million barrels last week.

U.S. stock-index futures were slightly lower on Wednesday as Apple (AAPL) fell on concerns surrounding iPhone X's large price tag ($999) and later than expected shipping date (November 3) and as North Korea showed a trademark defiance over new U.N. sanctions.

Global Stocks:

Nikkei 19,865.82 +89.20 +0.45%

Hang Seng 27,894.08 -78.16 -0.28%

Shanghai 3,385.54 +6.05 +0.18%

S&P/ASX 5,744.26 -2.18 -0.04%

FTSE 7,378.50 -22.19 -0.30%

CAC 5,211.61 +2.60 +0.05%

DAX 12,537.46 +12.69 +0.10%

Crude $48.69 (+0.95%)

Gold $1,336.90 (+0.32%)

The Producer Price Index for final demand advanced 0.2 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices edged down 0.1 percent in July and moved up 0.1 percent in June. On an unadjusted basis, the final demand index increased 2.4 percent for the 12 months ended in August.
Three-quarters of the August increase in final demand prices is attributable to the index for final demand goods, which climbed 0.5 percent. Prices for final demand services inched up 0.1 percent.
The index for final demand less foods, energy, and trade services increased 0.2 percent in August following no change in July. For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 1.9 percent

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

Amazon (AMZN) initiated with a Buy at Loop Capital; target $1200

McDonald's (MCD) target raised to $173 from $170 at Mizuho

Tesla (TSLA) target raised to $210 from $165 at Barclays; maintain Underweight

In July 2017 compared with June 2017, seasonally adjusted industrial production rose by 0.1% in the euro area (EA19), while it decreased by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2017, industrial production fell by 0.6% in both zones. In July 2017 compared with July 2016, industrial production increased by 3.2% in the euro area and by 3.1% in the EU28.

The increase of 0.1% in industrial production in the euro area in July 2017, compared with June 2017, is due to production of capital goods rising by 0.8%, durable consumer goods by 0.7% and intermediate goods by 0.5%, while production of non-durable consumer goods fell by 0.4% and energy by 1.2%. In the EU28, the decrease of 0.3% is due to production of energy falling by 1.1% and non-durable consumer goods by 0.6%, while production of durable consumer goods rose by 0.2% and that of both intermediate goods and capital goods by 0.4%. Among Member States for which data are available, the highest increases in industrial production were registered in Portugal (+1.9%), Ireland (+1.8%) and France (+0.6%), and the largest decreases in the Czech Republic (-9.8%), Hungary (-4.1%), Malta and Slovakia (both -3.3%).

Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.1%, both including and excluding bonuses, compared with a year earlier.

Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) fell by 0.4%, both including and excluding bonuses, compared with a year earlier.

Estimates from the Labour Force Survey show that, between February to April 2017 and May to July 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) also fell.

There were 32.14 million people in work, 181,000 more than for February to April 2017 and 379,000 more than for a year earlier.

The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.3%, the highest since comparable records began in 1971.

There were 1.46 million unemployed people (people not in work but seeking and available to work), 75,000 fewer than for February to April 2017 and 175,000 fewer than for a year earlier.

The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 4.9% for a year earlier and the lowest since 1975.

The total index of producer and import prices rose by 0.3 percent in August 2017 compared with the previous month, reaching 100.0 points (December 2015 = 100 basis). The increase is mainly due to higher prices for petroleum products and chemical products. Compared with August 2016, the price level of the total supply of domestic and imported products rose by 0.6 percent. This is evident from the figures of the Federal Statistical Office (FSO). The lower prices of pharmaceutical specialties were particularly responsible for the slight decline in the producer price index compared to the previous month.

The number of persons employed increased by 0.4% in both the euro area (EA19) and in the EU28 in the second quarter of 2017 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2017, employment increased by 0.5% in both areas. These figures are seasonally adjusted. Compared with the same quarter of the previous year, employment increased by 1.6% in the euro area and by 1.5% in the EU28 in the second quarter of 2017 (after +1.6% and +1.5% respectively in the first quarter of 2017). Eurostat estimates that, in the second quarter of 2017, 235.4 million men and women were employed in the EU28, of which 155.6 million were in the euro area. These are the highest levels ever recorded in both areas. These figures are seasonally adjusted. These quarterly data on employment provide a picture of labour input consistent with the output and income measure of national accounts

EUR/USD

Resistance levels (open interest**, contracts)

$1.2076 (3092)

$1.2052 (1459)

$1.2034 (453)

Price at time of writing this review: $1.1977

Support levels (open interest**, contracts):

$1.1917 (3421)

$1.1888 (2403)

$1.1855 (3504)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date October, 6 is 92011 contracts (according to data from September, 12) with the maximum number of contracts with strike price $1,1700 (3516);

GBP/USD

Resistance levels (open interest**, contracts)

$1.3408 (2945)

$1.3390 (1476)

$1.3357 (1654)

Price at time of writing this review: $1.3308

Support levels (open interest**, contracts):

$1.3204 (547)

$1.3175 (388)

$1.3142 (918)

Comments:

- Overall open interest on the CALL options with the expiration date October, 6 is 25500 contracts, with the maximum number of contracts with strike price $1,3250 (2945);

- Overall open interest on the PUT options with the expiration date September, 8 is 27337 contracts, with the maximum number of contracts with strike price $1,2950 (2495);

- The ratio of PUT/CALL was 1.07 versus 1.08 from the previous trading day according to data from September, 12

* - 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.

• Says more time for consultation will give negotiators the flexibility to make progress in the September round

As reported by the Federal Statistical Office (Destatis), the selling prices in wholesale trade increased by 3.2% in August 2017 from the corresponding month of the preceding year. In July 2017 and in June 2017 the annual rates of change were +2.2% and +2.5%, respectively.

From July 2017 to August 2017 the index rose by 0.3%.

Consumer prices in Germany were 1.8% higher in August 2017 than in August 2016. The inflation rate - measured by the consumer price index - thus increased slightly for the third consecutive month. Compared with July 2017, the consumer price index rose by 0.1% in August 2017. The Federal Statistical Office (Destatis) thus confirms its provisional overall results of 30 August 2017.

A major reason for the inflation rate rising again in August 2017 was the development of energy prices. In August 2017, energy prices increased by 2.3% year on year. In July 2017, the rate of energy price increase had been +0.9%. In August 2017, prices were up year on year especially for mineral oil products (+5.2%, of which heating oil: +10.4%; motor fuels: +3.9%) and electricity (+2.0%). Gas prices, in contrast, were down 2.9%. Charges for central and district heating fell slightly (-0.2%)

European stocks advanced Tuesday, with gains for financial shares reflecting rise in benchmark yields in government bonds in line with an improvement for perceived riskier assets such as equities among investors. The Stoxx Europe 600 index SXXP, +0.52% picked up 0.5% to close at 381.42, scoring a fifth straight day of wins. That marks the longest winning streak for the pan-European benchmark since April, according to FactSet data.

All three major U.S. stock indexes booked all-time closing highs on Tuesday, though gains were capped by unsteady trade in technology, after a brisk, broad-market run-up in the previous session. It marks the first time all three benchmarks finished at records on the same day since July 26, underlining a resurgence, albeit measured, in buying on Wall Street. Investors also focused on a key product debut from Apple.

Equity markets in Asia lacked direction early Wednesday, as broad gains in financials lifted stocks in Australia and Japan, though China's markets underperformed. Global risk appetite returned this week, with all three major U.S. stock indexes hitting fresh highs overnight as geopolitical tensions eased. In addition, Hurricane Irma didn't do as much damage to Florida as expected and U.S. oil refiners have ramped up after Hurricane Harvey battered Texas.