Market news

6 January 2017
  • 21:07

    Major US stock indexes finished trading above zero

    Major US stock indices are moderately higher after data showed that employment in December increased less than expected, but the rebound wages signaled steady growth in the labor market.

    As it became known, job creation slowed in December and the unemployment rate rose slightly, but wage growth was the strongest since 2009, pointing to a tightening of the labor market for more than seven years after the beginning of the expansion. The number of people employed in non-agricultural sectors of the economy rose to a seasonally adjusted 156 000 in December from the previous month, the Labor Department said Friday. The unemployment rate rose slightly to 4.7% last month from 4.6% in November, reflecting more Americans entering the labor market. Economists had expected 178,000 new jobs, and the unemployment rate to 4.7%.

    In addition, new orders for manufactured goods in the US fell by reducing the pressure in November in a volatile category of civilian aircraft, but the underlying trend suggests that production is gradually being strengthened. The US Commerce Department said today that production orders for goods decreased by 2.4%, after a revised increase of up to 2.8% in October. The November decline followed a growth for four consecutive months and was the biggest drop since December 2015. Economists predicted that factory orders decline by 2.2% in November after being shown previously reported increase of 2.7% in October.

    DOW index components closed mostly in positive territory (23 of 30). Most remaining shares rose NIKE, Inc. (NKE, + 1.78%). Outsider were shares of Verizon Communications Inc. (VZ, -2.56%).

    Sector S & P index also ended the day mostly in positive territory. The leader turned out to be the technology sector (+ 0.3%). Most of the basic materials sector fell (-0.3%).

  • 20:01

    DJIA +0.41% 19,980.12 +80.83 Nasdaq +0.71% 5,526.95 +39.01 S&P +0.44% 2,278.99 +9.99

  • 17:00

    European stocks closed: FTSE 100 +14.74 7210.05 +0.20% DAX +14.07 11599.01 +0.12% CAC 40 +9.20 4909.84 +0.19%

  • 16:27

    Wall Street. Major U.S. stock-indexes slightly rose

    Major U.S. stock-indexes slightly hgigh on Friday after data showed employment in December rose less than expected but a rebound in wages suggested sustained growth in the labor market. The public and private sectors together added 156000 jobs last month, a U.S. Labor Department report showed, compared with 204000 jobs added in November. Average hourly earnings increased 10 cents, or 0,4%, after slipping 0,1% in November. That pushed the year-on-year increase in average hourly earnings to 2,9%, the largest increase since June 2009.

    Most of Dow stocks in negative area (17 of 30). Top gainer - The Walt Disney Company (DIS, +1.51%). Top loser - Verizon Communications Inc. (VZ, -2.26%).

    Most of S&P sectors also in negative area. Top gainer - Conglomerates (+0.4%). Top loser - Basic Materials (-0.6%).


    At the moment:

    Dow 19852.00 +31.00 +0.16%

    S&P 500 2267.00 +2.75 +0.12%

    Nasdaq 100 4990.25 +28.25 +0.57%

    Oil 53.47 -0.29 -0.54%

    Gold 1174.70 -6.60 -0.56%

    U.S. 10yr 2.41 +0.04

  • 15:58

    ING sees GBP/USD falling to $1.20, with the dollar gaining a tailwind from rising U.S. yields

  • 15:35

    Fed's Mester: Expectations for 3 Rate Increases in 2017 `Reasonable'

  • 15:18

    US factory orders decreased following four consecutive monthly increases

    New orders for manufactured durable goods in November decreased $11.0 billion or 4.6 percent to $228.2 billion, the U.S. Census Bureau announced today. This decrease, down following four consecutive monthly increases, followed a 4.8 percent October increase. Excluding transportation, new orders increased

    0.5 percent. Excluding defense, new orders decreased 6.6 percent.

    Transportation equipment, also down following four consecutive monthly increases, drove the decrease, $11.7 billion or 13.2 percent to $76.6 billion.

  • 15:00

    U.S.: Factory Orders , November -2.4% (forecast -2.2%)

  • 15:00

    Canada: Ivey Purchasing Managers Index, December 60.8

  • 14:47

    Iran capitalizes on OPEC oil cut to sell millions of barrels - Reuters sources

  • 14:34

    U.S. Stocks open: Dow -0.06%, Nasdaq +0.05%, S&P -0.05%

  • 14:28

    Before the bell: S&P futures +0.02%, NASDAQ futures +0.07%

    U.S. stock-index futures were flat as investors assessed mixed data on the U.S. labour market .

    Global Stocks:

    Nikkei 19,454.33 -66.36 -0.34%

    Hang Seng 22,503.01 +46.32 +0.21%

    Shanghai 3,154.29 -11.12 -0.35%

    FTSE 7,199.81 +4.50 +0.06%

    CAC 4,897.45 -3.19 -0.07%

    DAX 11,586.13 +1.19 +0.01%

    Crude $54.22 (+0.86%)

    Gold $1,179.20 (-0.18%)

  • 14:27

    Boeing (BA) could receive a $ 10.1 billion order from the Indian company SpaceJet

    According to Bloomberg, the Indian airline SpiceJet Ltd. ready to order from Boeing Co. at least 92 Boeing 737 airliners, as the company is planning an aggressive expansion, demonstrating the fastest growth rates in the aerospace market.

    BA shares rose in premarket trading to $ 158.90 (+ 0.12%).

  • 13:54

    Wall Street. Stocks before the bell

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


    Amazon.com Inc., NASDAQ

    AMZN

    780.53

    0.08(0.0103%)

    18058

    American Express Co

    AXP

    75

    -0.32(-0.4249%)

    5025

    AMERICAN INTERNATIONAL GROUP

    AIG

    65.9

    0.30(0.4573%)

    500

    Apple Inc.

    AAPL

    116.58

    -0.03(-0.0257%)

    89918

    AT&T Inc

    T

    42.22

    0.06(0.1423%)

    31522

    Barrick Gold Corporation, NYSE

    ABX

    17.16

    -0.21(-1.209%)

    109432

    Boeing Co

    BA

    158.9

    0.19(0.1197%)

    241

    Chevron Corp

    CVX

    117.5

    0.19(0.162%)

    342

    Cisco Systems Inc

    CSCO

    30.24

    0.07(0.232%)

    4625

    Exxon Mobil Corp

    XOM

    88.89

    0.34(0.384%)

    808

    Facebook, Inc.

    FB

    120.83

    0.16(0.1326%)

    38037

    Ford Motor Co.

    F

    12.81

    0.04(0.3132%)

    37564

    Freeport-McMoRan Copper & Gold Inc., NYSE

    FCX

    14.7

    0.08(0.5472%)

    103689

    General Electric Co

    GE

    31.53

    0.01(0.0317%)

    2557

    General Motors Company, NYSE

    GM

    36.7

    0.31(0.8519%)

    1294

    Goldman Sachs

    GS

    241.99

    0.67(0.2776%)

    4357

    Google Inc.

    GOOG

    794.9

    0.88(0.1108%)

    1838

    Intel Corp

    INTC

    36.4

    0.05(0.1376%)

    2481

    International Business Machines Co...

    IBM

    168.2

    -0.50(-0.2964%)

    110

    Johnson & Johnson

    JNJ

    117

    0.14(0.1198%)

    998

    McDonald's Corp

    MCD

    118.73

    -0.97(-0.8104%)

    1960

    Merck & Co Inc

    MRK

    60.54

    0.43(0.7154%)

    190

    Microsoft Corp

    MSFT

    62.4

    0.10(0.1605%)

    2207

    Nike

    NKE

    53.01

    -0.05(-0.0942%)

    2511

    Pfizer Inc

    PFE

    33.7

    0.09(0.2678%)

    350

    Starbucks Corporation, NASDAQ

    SBUX

    168.2

    -0.50(-0.2964%)

    110

    Tesla Motors, Inc., NASDAQ

    TSLA

    226.25

    -0.50(-0.2205%)

    7929

    Travelers Companies Inc

    TRV

    117.02

    -1.31(-1.1071%)

    1282

    Twitter, Inc., NYSE

    TWTR

    17.19

    0.10(0.5851%)

    24932

    United Technologies Corp

    UTX

    112

    0.65(0.5837%)

    175

    Verizon Communications Inc

    VZ

    54.03

    -0.0325(-0.0601%)

    6388

    Wal-Mart Stores Inc

    WMT

    158.9

    0.19(0.1197%)

    241

    Walt Disney Co

    DIS

    108.02

    0.64(0.596%)

    9818

    Yahoo! Inc., NASDAQ

    YHOO

    41.19

    -0.15(-0.3628%)

    6900

    Yandex N.V., NASDAQ

    YNDX

    21.58

    -0.30(-1.3711%)

    15040

  • 13:51

    Upgrades and downgrades before the market open

    Upgrades:

    Deere (DE) upgraded to Hold from Sell at Vertical Research

    Walt Disney (DIS) upgraded to Outperform at RBC Capital Mkts; target raised to $130


    Downgrades:

    Travelers (TRV) downgraded to Underweight from Neutral at Atlantic Equities

    McDonald's (MCD) downgraded to Neutral from Buy at UBS


    Other:

  • 13:47

    Option expiries for today's 10:00 ET NY cut

    EUR/USD 1.0500 (EUR 2.42bln) 1.0600 (505m) 1.0700 (2.41bln) 1.0800 (281m) 1.0850 (690m)

    USD/JPY 115.00 (USD 1.3bln) 116.00 (700m) 117.00 (420m) 117.25 (380m) 118.00 (839m)

    USD/CAD 1.3245 (USD 300m) 1.3300 (1.26bln)

    NZD/USD 0.7005 (NZD 173m)

  • 13:40

    US trade balance deficit up $2.9 billion in November

    The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $45.2 billion in November, up $2.9 billion from $42.4 billion in October, revised. November exports were $185.8 billion, $0.4 billion less than October exports. November imports were $231.1 billion, $2.4 billion more than October imports.

  • 13:37

    Important increase for Canadian employment, the result of gains in full-time work

    Employment rose by 54,000 (+0.3%) in December, the result of gains in full-time work. The unemployment rate increased 0.1 percentage points to 6.9%, as more people participated in the labour market.

    In the fourth quarter of 2016, employment increased by 108,000 (+0.6%), the largest increase since the second quarter of 2010. This followed a gain of 62,000 (+0.3%) in the third quarter.

    In the 12 months to December, employment gains totalled 214,000 or 1.2%, compared with a growth rate of 0.9% observed over the same period one year earlier. A year-end review is presented in a separate section below.

  • 13:35

    US average hourly earnings increased more than expected in December. Dollar moves up

    In December, average hourly earnings for all employees on private nonfarm payrolls increased by 10 cents to $26.00, after edging down by 2 cents in November. Over the year, average hourly earnings have risen by 2.9 percent. In December, average hourly earnings of private-sector production and nonsupervisory employees increased by 7 cents to $21.80

  • 13:33

    NFP moderately lower than forecasts, US unemployment rate stable

    Total nonfarm payroll employment rose by 156,000 in December, and the unemployment rate was little changed at 4.7 percent, the U.S. Bureau of Labor Statistics reported today. Job growth occurred in health care and social assistance.

    The unemployment rate, at 4.7 percent, and the number of unemployed persons, at 7.5 million, changed little in December. However, both measures edged down in the fourth quarter, after showing little net change earlier in the year.

  • 13:30

    U.S.: Unemployment Rate, December 4.7% (forecast 4.7%)

  • 13:30

    U.S.: Average hourly earnings , December 0.4% (forecast 0.3%)

  • 13:30

    U.S.: Nonfarm Payrolls, December 156 (forecast 178)

  • 13:30

    U.S.: International Trade, bln, November -45.2 (forecast -42.5)

  • 13:30

    Canada: Unemployment rate, December 6.9% (forecast 6.9%)

  • 13:30

    U.S.: Average workweek, December 34.3 (forecast 34.4)

  • 13:30

    Canada: Trade balance, billions, November 0.53 (forecast -1.6)

  • 13:30

    Canada: Employment , December 53.7 (forecast -5)

  • 13:06

    Orders

    EUR/USD

    Offers: 1.0600-05 1.0620 1.0650 1.0680 1.0700 1.0730 1.0750 1.0775-80 1.0800

    Bids: 1.0550-60 1.0520 1.0500 1.0480 1.0450 1.0420 1.0400 1.0380-85 1.0365 1.0350


    GBP/USD

    Offers: 1.2400 1.2430-35 1.2450 1.2480 1.2500 1.2520 1.2550

    Bids: 1.2350-60 1.2320 1.2300 1.2280 1.2265 1.2250 1.2220 1.2200


    EUR/GBP

    Offers: 0.8565 0.8580-85 0.8600 0.8620 0.8650 0.8685 0.8700

    Bids: 0.8540 0.8520-25 0.8500 0.8485 0.8450 0.8430 0.8400


    EUR/JPY

    Offers: 122.85 123.00 123.30 123.60 123.85 124.00-10

    Bids: 122.50 122.30 122.00 121.75 121.50 121.00


    USD/JPY

    Offers: 116.50 116.80 117.00 117.20-30 117.50 117.80 118.00

    Bids: 116.00 115.75-80 115.50 115.20 115.00 114.80 114.50 114.30 114.00


    AUD/USD

    Offers: 0.7350-55 0.7375-80 0.7400 0.7420-25 0.7450 0.7475-80 0.7500

    Bids: 0.7300 0.7280 0.7250 0.7230 0.7200

  • 12:16

    The dishonest media does not report that any money spent on building the Great Wall (for sake of speed), will be paid back by Mexico later! @realDonaldTrump

  • 11:31

    Goldman Sachs on US job report: We are in line with consensus across the board for payrolls on Friday, where we expect 180k on the headline and the unemployment rate to tick up to 4.7%

  • 10:09

    Danske estimate non-farm payrolls increased by 170,000

    "We estimate non-farm payrolls increased by 170,000 in December in line with the recent trend and more or less in line with the consensus of 178,000. We estimate private services was the main contributor to job growth with 150,000 new jobs. After four months in decline, we estimate manufacturing employment was unchanged in December as manufacturing activity has recovered. Construction employment probably increased 8,000 in December. We estimate the unemployment rate rose to 4.7% and that average hourly earnings increased 0.2% m/m, implying a small increase in the wage growth rate of 2.6% y/y".

  • 10:07

    Euro area retail sales up 2.3% on year

    In November 2016 compared with October 2016, the seasonally adjusted volume of retail trade fell by 0.4% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October the retail trade volume increased by 1.4% in the euro area and by 1.3% in the EU28. In November 2016 compared with November 2015 the calendar adjusted retail sales index increased by 2.3% in the euro area and by 3.4% in the EU28.

  • 10:01

    Eurozone: Industrial confidence, December 0.0 (forecast -1)

  • 10:01

    Eurozone: Consumer Confidence, December -5 (forecast -5)

  • 10:01

    Eurozone: Business climate indicator , December 0.8 (forecast 0.4)

  • 10:01

    Eurozone: Economic sentiment index , December 107.8 (forecast 106.8)

  • 10:00

    Eurozone: Retail Sales (MoM), November -0.4% (forecast -0.4%)

  • 10:00

    Eurozone: Retail Sales (YoY), November 2.3%

  • 09:52

    Oil rose slightly

    This morning, the New York futures for Brent rose 0.14% to $ 56.97 and WTI rose 0.17% to $ 53.85. Thus, the black gold supported by yesterday's data on US inventories. Over the past week inventories declined by 7.1 million barrels. Most analysts forecast a decline in production by only 2 million barrels. Additional support for the black gold has provided information on the reduction of production by Saudi Arabia. Oil production in the country decreased by about 10 million barrels per day.

  • 09:25

    Option expiries for today's 10:00 ET NY cut

    EUR/USD 1.0500 (EUR 2.42bln) 1.0600 (505m) 1.0700 (2.41bln) 1.0800 (281m) 1.0850 (690m)

    USD/JPY 115.00 (USD 1.3bln) 116.00 (700m) 117.00 (420m) 117.25 (380m) 118.00 (839m)

    USD/CAD 1.3245 (USD 300m) 1.3300 (1.26bln)

    NZD/USD 0.7005 (NZD 173m)

    Информационно-аналитический отдел TeleTrade

  • 08:39

    Major European stock markets trading lower: FTSE -0.1%, DAX -0.2%, CAC40 -0.4%, IBEX flat

  • 08:20

    Today’s events

    • At 11:15 GMT the ECB member Yves Mersch will make a speech

    • At 17:15 GMT FOMC member Charles Evans will give a speech

    • At 18:00 GMT FOMC member Jeffrey Lacker will give a speech

    • Italy celebrates the Day of the Epiphany

  • 08:18

    Dollar sold again as Europe opens. NFP expected at 178K, same as last month

  • 07:46

    France: Trade Balance, bln, November -4.4 (forecast -4.9)

  • 07:21

    Options levels on friday, January 6, 2017

    EUR/USD

    Resistance levels (open interest**, contracts)

    $1.0736 (2297)

    $1.0719 (585)

    $1.0679 (254)

    Price at time of writing this review: $1.0578

    Support levels (open interest**, contracts):

    $1.0530 (1104)

    $1.0492 (1087)

    $1.0444 (2270)


    Comments:

    - Overall open interest on the CALL options with the expiration date March, 13 is 51290 contracts, with the maximum number of contracts with strike price $1,1500 (3372);

    - Overall open interest on the PUT options with the expiration date March, 13 is 58004 contracts, with the maximum number of contracts with strike price $1,0000 (5263);

    - The ratio of PUT/CALL was 1.13 versus 1.17 from the previous trading day according to data from January, 5

    GBP/USD

    Resistance levels (open interest**, contracts)

    $1.2613 (1291)

    $1.2517 (544)

    $1.2422 (253)

    Price at time of writing this review: $1.2380

    Support levels (open interest**, contracts):

    $1.2285 (679)

    $1.2188 (889)

    $1.2091 (469)


    Comments:

    - Overall open interest on the CALL options with the expiration date March, 13 is 14983 contracts, with the maximum number of contracts with strike price $1,2800 (3003);

    - Overall open interest on the PUT options with the expiration date March, 13 is 17563 contracts, with the maximum number of contracts with strike price $1,1500 (2982);

    - The ratio of PUT/CALL was 1.17 versus 1.18 from the previous trading day according to data from January, 5

    * - 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.

  • 07:16

    Negative start of trading expected on the major stock exchanges in Europe: DAX -0.3%, CAC40 -0.2%, FTSE -0.2%

  • 07:15

    German retail sales expected to be between 1.8% and 2.1% larger than that in 2015

    According to estimates of the Federal Statistical Office (Destatis), retail turnover 2016 in Germany is expected to be in real terms between 1.8% and 2.1% larger than that in 2015. In nominal terms turnover is expected to increase by between 2.4% and 2.6%.

    This estimation is based on data for the first eleven months of 2016. In this period retail turnover was in real terms 1.9% and in nominal terms 2.2% larger than that in the corresponding period of the previous year.

  • 07:08

    German factory orders down 2.5% in November. Eur/Usd unchanged so far

    Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in November 2016 a seasonally and working-day adjusted 2.5% on October 2016. For October 2016, revision of the preliminary outcome resulted in an increase of 5.0% compared with September 2016 (primary +4.9%). Price-adjusted new orders without major orders in manufacturing had decreased in November 2016 a seasonally and working-day adjusted 0.6% on October 2016.

    In November 2016, domestic orders decreased by 2.8% and foreign orders by 2.3% on the previous month. New orders from the euro area were down 2.7% on the previous month, new orders from other countries decreased by 2.0% compared to October 2016.

  • 07:01

    Japanese wages increased by 0.2% year on year

    Wages increased by 0.2% year on year, which is slightly higher than the previous value of 0.1%, and coincided with the forecast of economists. This was reported today by the Ministry of Health, Labour and Welfare of Japan. Changes in salary levels - an indicator showing the average full-time employee's pre-tax income. This indicator takes into account compensation for overtime work and bonuses, but do not take into account the income received in the form of interest on financial assets or capital gains. Earnings contributes to consumption, and therefore the upward trend is considered to be an inflationary factor for the Japanese economy.

  • 07:01

    Germany: Retail sales, real adjusted , November -1.8% (forecast -0.6%)

  • 07:01

    Germany: Retail sales, real adjusted , November -1.8% (forecast -0.6%)

  • 07:01

    Germany: Retail sales, real unadjusted, y/y, November 3.2% (forecast 1.2%)

  • 07:00

    Germany: Factory Orders s.a. (MoM), November -2.5% (forecast -2.3%)

  • 06:59

    OPEC Secretary-General Mohammed Barkindo: negotiations will be held at the energy conference in Abu Dhabi

    The Secretary General intends to hold informal talks with Oil Minister of Saudi Arabia and six other countries that accepted production cuts.

  • 06:56

    Australian trade balance showed surplus in November

    In trend terms, the balance on goods and services was a deficit of $16m in November 2016, a decrease of $503m (97%) on the deficit in October 2016.

    In seasonally adjusted terms, the balance on goods and services was a surplus of $1,243m in November 2016, a turnaround of $2,362m on the deficit in October 2016.

    In seasonally adjusted terms, goods and services credits rose $2,322m (8%) to $30,083m. Non-rural goods rose $2,010m (12%) and rural goods rose $588m (17%). Non-monetary gold fell $305m (18%). Net exports of goods under merchanting remained steady at $5m. Services credits rose $29m.

  • 06:54

    Global Stocks

    U.K. stocks pushed further into record territory in bouncy trade on Thursday, supported by a rally in shares of house builders on the back of upbeat news from Persimmon PLC. The index was hovering around the flatline for most of the session as traders digested minutes from the U.S. Federal Reserve's meeting in December, released after Wednesday's close in London.

    The tech-heavy Nasdaq closed at a record Thursday, as the broader stock market finished lower, dragged down by a steep slide in the financial sector and major retailers. Mixed data on jobs also raised concerns a day before the closely watched December employment report due Friday.

    Japanese shares dropped Friday on yen-strengthening as traders awaited U.S. jobs data for clues on Federal Reserve rate actions. The yen's gain against the dollar comes as investors grow cautious about the U.S. economic outlook, and as traders second-guessed their once unshakeable belief in a continuous greenback rally driven by Fed rate rises.

  • 00:30

    Australia: Trade Balance , November -1.24 (forecast -0.3)

  • 00:00

    Japan: Labor Cash Earnings, YoY, November 0.2% (forecast 0.2%)

Market Focus
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