CFD Markets News and Forecasts — 24-09-2018

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24.09.2018
22:30
Commodities. Daily history for September 24, 2018:


Raw materials

Closing price

% change

Oil

$72.27

+2.11%

Gold

$1,203.40

+0.17%

22:29
Stocks. Daily history for September 24’ 2018:


Index

Change items

Closing price

% change

HSI

-454.19

27499.39

-1.62%

ASX 200

-7.70

6186.90

-0.12%

NZ50

-38.46

9337.51

-0.41%

FTSE 100

-31.82

7458.41

-0.42%

DAX

-80.06

12350.82

-0.64%

CAC 40

-18.00

5476.17

-0.33%

DJIA

-181.45

26562.05

-0.68%

S&P 500

-10.30

2919.37

-0.35%

NASDAQ

+6.30

7993.25

+0.08%

22:29
Currencies. Daily history for September 24’ 2018:


Pare

Closed

% change

EUR/USD

$1,1748

-0,03%

GBP/USD

$1,3118

+0,29%

USD/CHF

Chf0,96435

+0,63%

USD/JPY

Y112,76

+0,19%

EUR/JPY

Y132,48

+0,15%

GBP/JPY

Y147,929

+0,47%

AUD/USD

$0,7252

-0,49%

NZD/USD

0,6636

-0,69%

USD/CAD

C$1,29501

+0,26%

20:30
The main US stock indexes mostly fell on the results of today's trading

Major US stock indexes finished trading mostly in the red, with the fall led by shares of industrial companies that are most likely to suffer because of the introduction of tariffs in the US and China.

Today, a new round of import tariffs between the US and China has entered into force against each other, and neither side shows any intention to abandon the protracted trade war.

In addition, as shown by data provided by the Federal Reserve Bank of Dallas, in September, business activity of Texas producers moderately deteriorated, despite the projected increase. According to the report, the production index of the Federal Reserve Bank of Dallas in September fell to 28.1 points from 30.9 points in August. Analysts had expected the index to rise to 31.0 points. Recall, the value of the index above zero indicates an increase in business activity.

Oil prices jumped more than 2% on Monday, reaching a four-year high after Saudi Arabia and Russia ruled out any immediate increase in production, despite President Trump's calls for action to boost the global supply.

Most of the components of DOW finished trading in the red (23 of 30). The leader of growth was the shares of The Walt Disney Company (DIS, + 2.15%). Outsider shares were DowDuPont Inc. (DWDP, -2.14%).

Most S & P sectors recorded a decline. The commodities sector grew most (+ 0.5%), while the industrial goods sector showed the largest decline (-1.1%).

At closing:

Index

Dow 26,562.05 -181.45 -0.68%

S & P 500 2,919.37 -10.30 -0.35%

Nasdaq 100 7,993.25 +6.29 +0.08%

19:02
DJIA -0.60% 26,582.45 -161.05 Nasdaq -0.01% 7,985.98 -0.97 S&P -0.34% 2,919.61 -10.06
16:00
European stocks closed: FTSE 100 -31.82 7458.41 -0.42% DAX -80.06 12350.82 -0.64% CAC 40 -18.00 5476.17 -0.33%
13:35
U.S. Stocks open: Dow -0.34%, Nasdaq -0.86%, S&P -0.35%
13:28
Before the bell: S&P futures -0.16%, NASDAQ futures -0.40%

Before the bell: S&P futures -0.16%, NASDAQ futures -0.40%

U.S. stock-index futures fell on Monday, as trade worries resurfaced after reports China had called off planned trade talks with U.S. officials.


Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

-

-

-

Hang Seng

27,499.39

-454.19

-1.62%

Shanghai

-

-

-

S&P/ASX

6,186.90

-7.70

-0.12%

FTSE

7,471.89

-18.34

-0.24%

CAC

5,483.92

-10.25

-0.19%

DAX

12,391.18

-39.70

-0.32%

Crude

$71.82


+1.48%

Gold

$1,203.40


+0.17%

12:59
Belgium: Business Climate, September 1.2 (forecast -0.5)
12:55
Wall Street. Stocks before the bell

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


3M Co

MMM

215.53

-0.80(-0.37%)

729

ALCOA INC.

AA

43.4

-0.39(-0.89%)

2376

ALTRIA GROUP INC.

MO

62.5

-0.05(-0.08%)

46131

Amazon.com Inc., NASDAQ

AMZN

1,901.83

-13.18(-0.69%)

50158

Apple Inc.

AAPL

217.3

-0.36(-0.17%)

217927

AT&T Inc

T

34.09

0.31(0.92%)

90850

Barrick Gold Corporation, NYSE

ABX

10.92

0.45(4.30%)

365439

Boeing Co

BA

370.68

-1.55(-0.42%)

7564

Caterpillar Inc

CAT

155.5

-0.88(-0.56%)

1752

Chevron Corp

CVX

121.98

0.85(0.70%)

6539

Cisco Systems Inc

CSCO

48.34

-0.22(-0.45%)

49174

Citigroup Inc., NYSE

C

73.91

-0.24(-0.32%)

3012

Exxon Mobil Corp

XOM

85.6

0.43(0.50%)

21550

Facebook, Inc.

FB

161.43

-1.50(-0.92%)

97135

Ford Motor Co.

F

9.8

-0.05(-0.51%)

59668

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

14.52

-0.09(-0.62%)

748709

Goldman Sachs

GS

235.05

-0.29(-0.12%)

417

Google Inc.

GOOG

1,159.11

-6.98(-0.60%)

5766

Home Depot Inc

HD

212.63

0.24(0.11%)

8555

Intel Corp

INTC

46.49

-0.17(-0.36%)

41540

International Business Machines Co...

IBM

151.06

-0.29(-0.19%)

21030

JPMorgan Chase and Co

JPM

117.7

-0.15(-0.13%)

8478

McDonald's Corp

MCD

164.55

-0.75(-0.45%)

2510

Microsoft Corp

MSFT

113.71

-0.55(-0.48%)

14525

Pfizer Inc

PFE

43.95

-0.11(-0.25%)

157984

Starbucks Corporation, NASDAQ

SBUX

57.01

-0.44(-0.77%)

2383

Tesla Motors, Inc., NASDAQ

TSLA

298.51

-0.59(-0.20%)

31010

The Coca-Cola Co

KO

46.44

-0.14(-0.30%)

3644

Twitter, Inc., NYSE

TWTR

28.29

-0.21(-0.74%)

118831

United Technologies Corp

UTX

142

-0.08(-0.06%)

1817

Verizon Communications Inc

VZ

54.39

-0.03(-0.06%)

4382

Visa

V

149.5

-0.55(-0.37%)

2497

Wal-Mart Stores Inc

WMT

95.4

-0.50(-0.52%)

7325

Walt Disney Co

DIS

111.3

0.90(0.82%)

53778

Yandex N.V., NASDAQ

YNDX

33.12

0.12(0.36%)

1601

12:33
Canadian wholesale sales rose for the third time in five months, up 1.5% to $63.9 billion in July

Wholesale sales rose for the third time in five months, up 1.5% to $63.9 billion in July, more than offsetting the 0.9% decline in June. Sales were up in four of seven subsectors, representing approximately 66% of total wholesale sales.

The personal and household goods; food, beverage and tobacco; and motor vehicle and parts subsectors led the gains in July, while the miscellaneous subsector posted the largest decline.

In volume terms, wholesale sales increased 1.2%.

The personal and household goods subsector rose for the second consecutive month, up 4.2% to $9.2 billion in July. Sales were up in five of six industries, led by the textile, clothing and footwear, and personal goods industries. In volume terms, sales in the subsector increased 4.6%.

12:30
U.S.: Chicago Federal National Activity Index, August 0.18 (forecast 0.02)
12:30
Canada: Wholesale Sales, m/m, July 1.5% (forecast 0.4%)
12:09
Euro Jumps, But Sentiment Remains Fragile on Monday

The single currency remained higher against the greenback on Monday as traders bought the euro after somewhat positive German IFO surveys, which came out above market estimates. The EURUSD pair was trading 0.20% higher around 1.1770, heading into the US session.

The IFO expectations index dipped from 101.2 to 101.0 in September, but analysts had expected only 100.2. Moreover, the current assessment gauge stayed at 106.4 (also above the market' estimate) and the business climate subindex slowed a notch to 103.7. The euro was bid afterward.

Later in the day, the ECB President Mario Draghi is due to testify about the economy and monetary policy before the European Parliament Economic and Monetary Affairs Committee in Brussels. This event could cause another volatility on the single currency.

Sentiment remains kind of neutral on Monday as China called off planned trade talks with the U.S., saying they won't negotiate new trade deals under the threat of new tariffs, which are now effective, starting this week. Chinese imports worth of 200 billion USD will be levied by a 10% tax till the end of the year and by a 25% tax since 2019.

Stocks dropped broadly after the news China is withdrawing from the negotiation table, but losses were minimal, with EU indices trading marginally lower and US futures were seen 0.20% weaker shortly before the opening bell.

US yields continued their march higher and both the 10-year and 30-year are trading near cycle highs, with the first around 3.08% and the later at 3.215%. However, the US dollar failed to find any support from rising yields, but stock markets might get spooked if this bullish momentum persists further.


Disclaimer:

Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

11:41
London shares edge lower in morning deals as trade tensions offset gains for Sky and Randgold Resources following takeover news. The FTSE 100 Index drops 0.2%, or 16.91 points to 7473.32
10:03
UK's manufacturers’ output volumes growth slowed following a robust showing in the previous month, according to the latest CBI Industrial Trends Survey

The survey, of 409 firms, revealed that output growth slowed in the three months to September, but remained above the long-term average.

Output expanded in 10 out of 17 sub-sectors, with growth driven predominantly by the mechanical engineering, food, drink & tobacco, plastic products, and metal products sectors. Manufacturers expect output growth to pick up over the next three months.

Meanwhile, total order books weakened slightly again but remained well above the long-run average. Export order books also faded a little to their weakest in almost a year, but likewise remained well above the long run average.

Expectations for output price inflation remained firmly above the long-run average, while stocks of finished goods remained adequate but below the long-run average.

10:00
United Kingdom: CBI industrial order books balance, September -1 (forecast 5)
09:20
French grocer Carrefour SA denied claims from rival Casino Guichard-Perrachon SA that it had approached its smaller competitor about a possible merger to create one of the world's largest retail giants
08:58
Nymex Crude Oil Futures Hit a 10-Week Intraday High at $72.39/Bbl
08:33
Sentiment among German firms weakened slightly this month. The Ifo Business Climate Index declined to 103.7 points in September from 103.9 points in August

Firms' assessments of their current business situation deteriorated marginally, but remain at a high level. Companies also scaled back their business expectations somewhat. Despite growing uncertainty, the German economy remains robust.

In manufacturing, the index fell. This was due to far poorer assessments of the current business situation, which nevertheless remain way above their long-term average. Business expectations, by contrast, climbed to their highest level since February. Manufacturers plan to ramp up production in the months ahead.

In the services sector, the business climate remained almost unchanged. While service providers were more satisfied with their current business situation, they were less optimistic about their six-month business outlook.

08:12
Casino, Carrefour Combination Would Be a Gamble for Both Bonds - ING

A merger between Casino and Carrefour would be a positive for the much lower-rated Casino bonds and a negative for Carrefour's, but any potential combination would probably be hit with antitrust issues, say analysts at ING. "At this stage it's difficult to assess how much truth the talk holds," says ING, after Carrefour denied making any such approach. Casino shares trade down 0.5% at EUR35.86, Carrefour trades up 0.3% at EUR16.64 - via WSJ

08:10
FTSE -17,63 7472.60 -0,24% DAX -47,46 12383,42 -0,38% CAC -12,38 5481,79 -0,23%
08:03
UK Brexit Sec Raab: PM May’s Proposals Are The Only Credible Plan For Brexit @LiveSquawk
08:01
Germany: IFO - Expectations , September 101 (forecast 100.2)
08:01
Germany: IFO - Current Assessment , September 106.4 (forecast 106.1)
08:00
Germany: IFO - Business Climate, September 103.7 (forecast 103.2)
06:52
Sky shareholders including 21st Century Fox are likely to accept Comcast's bid for the European pay-TV broadcaster after Comcast outbid rival Fox in an auction last weekend, says Liberum Capital

  • Comcast's $38.8 billion offer, euivalent to 1,728 pence ($22.60) a share, easily trumped Fox's highest bid of 1,567p after three rounds of bidding Saturday

06:50
Futures: DAX -0,3% FTSE -0,1% CAC 40 -0,2%
06:29
OPEC, non-OPEC panel unlikely to recommend further oil output hike - Reuters sources
06:28
British Brexit Minister Raab says a new election in the autumn is not going to happen - Reuters
06:27
Saudi Energy Minister: OPEC, Non-OPEC Have Largely Achieved Their Target

  • Producers Have Enough Capacity to Meet Unexpected Situations in Market

  • Says Kingdom's Output Will Largely Depend on Demand

06:25
ECB's Nowotny tells Austrian broadcaster Orf thinks normalisation of monetary policy can go faster than first envisioned @DeItaOne
06:24
Brexit: Labour would back members on new vote, says Corbyn - BBC
05:11
Options levels on monday, September 24, 2018 EURUSD GBPUSD

EUR/USD

Resistance levels (open interest**, contracts)

$1.1878 (2970)

$1.1860 (3106)

$1.1839 (1731)

Price at time of writing this review: $1.1747

Support levels (open interest**, contracts):

$1.1715 (2410)

$1.1678 (1758)

$1.1636 (3992)


Comments:

- Overall open interest on the CALL options and PUT options with the expiration date October, 15 is 90243 contracts (according to data from September, 21) with the maximum number of contracts with strike price $1,1900 (5376);


GBP/USD

Resistance levels (open interest**, contracts)

$1.3266 (2906)

$1.3214 (2448)

$1.3179 (1710)

Price at time of writing this review: $1.3079

Support levels (open interest**, contracts):

$1.2982 (1272)

$1.2948 (2060)

$1.2911 (1690)


Comments:

- Overall open interest on the CALL options with the expiration date October, 15 is 29851 contracts, with the maximum number of contracts with strike price $1,3335 (2981);

- Overall open interest on the PUT options with the expiration date October, 15 is 34095 contracts, with the maximum number of contracts with strike price $1,2800 (2528);

- The ratio of PUT/CALL was 1.14 versus 1.12 from the previous trading day according to data from September, 21.

* - 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.

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