Market news

6 October 2017
  • 20:12

    Major US stock indexes completed today's trading near the zero mark

    The main US stock indexes traded mixed, but the session ended almost unchanged. The dynamics of the trades were affected by the fall in quotations of Costco and shares in the energy sector, along with negative sentiment due to a report that reflected the decline in employment in the US for the first time in seven years.

    So, the number of employees in the US fell in September, as Hurricanes Harvey and Irma left the displaced workers temporarily unemployed and delayed hiring, which was the last indication that hurricanes undermine economic activity in the third quarter. The Ministry of Labor reported that the number of people employed in the non-agricultural sector fell by 33,000 amid a record fall in employment in the leisure and hospitality sector. Economists predicted an increase in employment by 90,000. The unemployment rate fell by 0.2 percent, to 4.2 percent, the lowest since February 2001. The average hourly earnings increased by 0.5 percent after an increase of 0.2 percent in August. This pushed the annual salary growth to 2.9 percent from 2.7 percent in August.

    Most components of the DOW index finished trading in the red (16 of 30). Outsider were shares of Verizon Communications Inc., (VZ, -1.93%). The leader of growth was the shares of The Travelers Companies, Inc. (TRV, + 0.49%).

    Almost all S & P sectors recorded a decline. The largest decrease was in the base resources sector (-0.8%). The technological sector grew the most (+ 0.2%)

    At closing:

    Dow -0.01% 22.773.67 -1.72

    Nasdaq + 0.07% 6,590.18 +4.82

    S & P -0.11% 2.549.33 -2.74

  • 19:00

    DJIA -0.05% 22,763.72 -11.67 Nasdaq +0.00% 6,585.45 +0.09 S&P -0.18% 2,547.47 -4.60

  • 19:00

    U.S.: Consumer Credit , August 13.06 (forecast 16.00)

  • 17:02

    U.S.: Baker Hughes Oil Rig Count, October 748

  • 16:00

    European stocks closed: FTSE 100 +14.88 7522.87 +0.20% DAX -12.11 12955.94 -0.09% CAC 40 -19.31 5359.90 -0.36%

  • 15:45

    NFP lower than expected

    Non-Farm Employment Change (NFP) was relatively below that which was expectable.

    This is one of the most used and useful indicators to understand the economy's health and it is used to forecast the gross domestic product (GDP).

    However, even with the low results today, the dollar has not lost its value because other news that came out at the same time with the NFP and it benefits the dollar's value.

    Unemployment Rate declined to 4.2 percent last month (September) in U.S.

  • 14:04

    US final wholesale inventories up $608.1 billion at the end of August

    Total inventories of merchant wholesalers, except manufacturers' sales branches and offices, after adjustment for seasonal variations but not for price changes, were $608.1 billion at the end of August, up 0.9 percent from the revised July level. Total inventories were up 4.5 percent from the revised August 2016 level. The July 2017 to August 2017 percent change was revised from the advance estimate of up 1.0 percent to up 0.9 percent.

    The August inventories/sales ratio for merchant wholesalers, except manufacturers' sales branches and offices, based on seasonally adjusted data, was 1.28. The August 2016 ratio was 1.32.

  • 14:00

    U.S.: Wholesale Inventories, August 0.9% (forecast 1%)

  • 14:00

    Canada: Ivey Purchasing Managers Index, September 59.6 (forecast 57.2)

  • 13:46

    Forex option contracts rolling off today at 14.00 GMT:

    EUR/USD: 1.1850(585 млн), 1.1745-50(181 млн), 1.1730-35(141 млн), 1.1700(985 млн), 1.1665(895 млн), 1.1650-55 (960)

    USD/JPY: 111.00(330 млн), 112.00(880 млн), 113.00(615 млн)

    AUD/USD: 0.7920-25(360 млн), 0.7845-50 (360 млн),0.7800-05(116 млн), 0.7650(295 млн)

  • 13:31

    U.S. Stocks open: Dow -0.13%, Nasdaq -0.25%, S&P -0.21%

  • 13:14

    Before the bell: S&P futures -0.13%, NASDAQ futures -0.22%

    U.S. stock-index futures were lower on Friday as investors assessed Employment Situation Report for September.


    Global Stocks:

    Nikkei 20,690.71 +62.15 +0.30%

    Hang Seng 28,458.04 +78.86 +0.28%

    Shanghai -

    S&P/ASX 5,710.68 +58.91 +1.04%

    FTSE 7,522.87 +14.88 +0.20%

    CAC 5,369.89 -9.32 -0.17%

    DAX 12,974.50 +6.45 +0.05%

    Crude $49.72 (-2.11%)

    Gold $1,270.80 (-0.18%)

  • 12:53

    Wall Street. Stocks before the bell

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


    ALCOA INC.

    AA

    48

    -0.25(-0.52%)

    810

    Amazon.com Inc., NASDAQ

    AMZN

    977.25

    -3.60(-0.37%)

    13482

    Apple Inc.

    AAPL

    154.83

    -0.56(-0.36%)

    115052

    AT&T Inc

    T

    38.96

    -0.06(-0.15%)

    29738

    Barrick Gold Corporation, NYSE

    ABX

    16.4

    -0.02(-0.12%)

    10947

    Chevron Corp

    CVX

    118.4

    -0.18(-0.15%)

    737

    Cisco Systems Inc

    CSCO

    33.68

    0.09(0.27%)

    888

    Citigroup Inc., NYSE

    C

    76.24

    0.52(0.69%)

    54543

    Deere & Company, NYSE

    DE

    128.23

    0.22(0.17%)

    225

    Exxon Mobil Corp

    XOM

    81.7

    -0.32(-0.39%)

    2160

    Facebook, Inc.

    FB

    170.4

    -0.84(-0.49%)

    51552

    Ford Motor Co.

    F

    12.2

    -0.05(-0.41%)

    14128

    General Electric Co

    GE

    24.52

    -0.02(-0.08%)

    2233

    General Motors Company, NYSE

    GM

    43.81

    -0.04(-0.09%)

    12877

    Goldman Sachs

    GS

    247.4

    1.34(0.54%)

    8313

    Google Inc.

    GOOG

    967

    -2.96(-0.31%)

    2148

    Home Depot Inc

    HD

    166.2

    0.08(0.05%)

    836

    Intel Corp

    INTC

    39.59

    0.06(0.15%)

    10402

    International Business Machines Co...

    IBM

    146.7

    -0.02(-0.01%)

    1457

    JPMorgan Chase and Co

    JPM

    97.7

    0.61(0.63%)

    18304

    McDonald's Corp

    MCD

    158.5

    -0.30(-0.19%)

    430

    Microsoft Corp

    MSFT

    75.92

    -0.05(-0.07%)

    8655

    Nike

    NKE

    52.38

    0.20(0.38%)

    271

    Starbucks Corporation, NASDAQ

    SBUX

    54.65

    0.05(0.09%)

    309

    Tesla Motors, Inc., NASDAQ

    TSLA

    354

    -1.33(-0.37%)

    17526

    Twitter, Inc., NYSE

    TWTR

    18.16

    -0.09(-0.49%)

    22447

    Verizon Communications Inc

    VZ

    49.2

    0.02(0.04%)

    4195

    Visa

    V

    106.3

    0.06(0.06%)

    1724

    Wal-Mart Stores Inc

    WMT

    78.71

    -0.70(-0.88%)

    2508

    Walt Disney Co

    DIS

    100.17

    0.06(0.06%)

    331

  • 12:40

    Canadian unemployment rate declined 0.1% to 6.2% last month

    Employment was essentially unchanged in September (+10,000 or +0.1%). The unemployment rate remained at 6.2%, matching the low of October 2008.

    Gains in full-time employment (+112,000) in September were mostly offset by declines in part time (-102,000). In August, there was a decline in the number of people working full time and an increase in part time.

    In the 12 months to September, employment rose by 320,000 (+1.8%), spurred by gains in full-time employment (+289,000 or +2.0%). Over this period, the number of hours worked increased by 2.4%.

    Overall employment grew by 43,000 (+0.2%) in the third quarter, slower than the 0.6% growth rate in the second quarter and the 0.5% growth rate of the first quarter of 2017.

    From August to September, employment increased for people aged 55 and older, while it fell among men aged 25 to 54.

    For the second consecutive month, Ontario was the lone province with a notable employment gain. There were employment declines in Manitoba and Prince Edward Island.

    More people worked in educational services as well as wholesale and retail trade in September, while employment fell in information, culture and recreation.

  • 12:38

    US average hourly earnings rose 0.5% in September and USD rally despite very weak NFP

    In September, average hourly earnings for all employees on private nonfarm payrolls rose by 12 cents to $26.55. Over the past 12 months, average hourly earnings have increased by 74 cents, or 2.9 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees increased by 9 cents to $22.23.

  • 12:35

    US NFP declined 33K in September, unemployment rate down 0.2% to 4.2%

    The unemployment rate declined to 4.2 percent in September, and total nonfarm payroll employment changed little (-33,000), the U.S. Bureau of Labor Statistics reported today. A sharp employment decline in food services and drinking places and below-trend growth in some other industries
    likely reflected the impact of Hurricanes Irma and Harvey.

    The unemployment rate decreased by 0.2 percentage point to 4.2 percent in September, and the number of unemployed persons declined by 331,000 to 6.8 million. Both measures were down over the year.
    Among the major worker groups, the unemployment rates for adult men (3.9 percent) and Blacks (7.0 percent) declined in September. The jobless rates for adult women (3.9 percent), teenagers (12.9 percent), Whites (3.7 percent), Asians (3.7 percent), and Hispanics (5.1 percent) showed
    little change. The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged in September at 1.7 million and accounted for 25.5 percent of the unemployed.

  • 12:30

    U.S.: Unemployment Rate, September 4.2% (forecast 4.4%)

  • 12:30

    U.S.: Nonfarm Payrolls, September -33 (forecast 90)

  • 12:30

    U.S.: Private Nonfarm Payrolls, September -40 (forecast 83)

  • 12:30

    U.S.: Manufacturing Payrolls, September -1.0 (forecast 10.0)

  • 12:30

    U.S.: Labor Force Participation Rate, September 63.1%

  • 12:30

    U.S.: Government Payrolls, September 7.0

  • 12:30

    U.S.: Average workweek, September 34.4 (forecast 34.4)

  • 12:30

    U.S.: Average hourly earnings , September 0.5% (forecast 0.3%)

  • 12:30

    Canada: Unemployment rate, September 6.2% (forecast 6.3%)

  • 12:30

    Canada: Employment , September 10.0 (forecast 14.5)

  • 12:02

    Hurricanes expected to limit US NFP rise to 80-90K vs 156K previous. Data due at 13:30 GMT

  • 10:31

    Spain's IBEX hits session low, down 0.6 pct after Catalan official says parliament will meet on monday

  • 09:28

    Dollar index rises to highest since mid-august ahead of US NFP report at 94.124, up 0.15 pct on day

  • 08:43

    Italian retail sales down 0,3% in August

    The value of retail trade decreased by 0.3% in August 2017 compared with the previous month (-0.4% for both food goods and non-food goods) and decreased by 0.5% compared with August 2016 (+0.8% for food goods and -1.5% for non-food goods).

    Despite short-term variability, the underlying pattern in retail trade remains flat as in the three months to August 2017 the value is estimated to have decreased by 0.1, whilst the volume is estimated to have increased by 0.1.

    The volume of retail trade decreased by 0.4% compared with July 2017 (-0.4% for food goods and -0.5% for non-food goods) and decreased by 1.0% from the same month a year earlier (0.0% for food goods and -1.8% for non-food goods).

  • 08:18

    Forex option contracts rolling off today at 14.00 GMT:

    EUR/USD: 1.1850(585 m), 1.1745-50(181 m), 1.1730-35(141m), 1.1700(985 m), 1.1665(895 m), 1.1650-55 (960 m)

    USD/JPY: 111.00(330 m), 112.00(880 m), 113.00(615 m)

    AUD/USD: 0.7920-25(360 m), 0.7845-50 (360 m),0.7800-05(116 m), 0.7650(295 m)

  • 07:34

    UK house price index up 4% y/y

    House prices in the last three months (July-September) were 1.4% higher than in the previous three months (April-June). This is the fastest price growth, on this measure, since February.

    Prices in the three months to September were 4.0% higher than in the same three months a year earlier. The annual rate in September is higher than in August (2.6%) and at its highest growth rate since February.

    House prices rose by 0.8% between August and September, following a 1.5% increase in August.

    Russell Galley, Managing Director, Halifax Community Bank, said: "The annual rate of growth has picked up for the second consecutive month, rising from 2.6% in August to 4.0% in September. The average house price is now £225,109 - the highest on record. House prices in the three months to September were 1.4% higher than in the previous quarter, the fastest quarterly increase since February."

  • 07:30

    Major stock exchanges in Europe little changed : FTSE 7518.64 +10.65 + 0.14%, DAX 12983.02 +14.97 + 0.12%, CAC 5376.49 -2.72 -0.05%

  • 07:30

    United Kingdom: Halifax house price index 3m Y/Y, September 4.0% (forecast 3.6%)

  • 07:30

    United Kingdom: Halifax house price index, September 0.8% (forecast 0.1%)

  • 07:08

    Swiss National Bank forex reserves at 724.415 bln CHF end sept vs 716.928 bln CHF at end aug

  • 07:03

    Switzerland: Foreign Currency Reserves, September 724

  • 06:45

    France: Trade Balance, bln, August -4.5 (forecast -5.4)

  • 06:39

    Options levels on friday, October 6, 2017

    EUR/USD

    Resistance levels (open interest**, contracts)

    $1.1852 (3199)

    $1.1807 (2988)

    $1.1756 (717)

    Price at time of writing this review: $1.1694

    Support levels (open interest**, contracts):

    $1.1648 (3761)

    $1.1599 (4307)

    $1.1549 (1535)


    Comments:

    - Overall open interest on the CALL options and PUT options with the expiration date October, 6 is 110295 contracts (according to data from October, 5) with the maximum number of contracts with strike price $1,1800 (7102);


    GBP/USD

    Resistance levels (open interest**, contracts)

    $1.3302 (2379)

    $1.3209 (1929)

    $1.3154 (1907)

    Price at time of writing this review: $1.3075

    Support levels (open interest**, contracts):

    $1.3045 (1497)

    $1.2999 (2389)

    $1.2950 (2518)


    Comments:

    - Overall open interest on the CALL options with the expiration date October, 6 is 39418 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 45307 contracts, with the maximum number of contracts with strike price $1,3150 (3762);

    - The ratio of PUT/CALL was 1.15 versus 1.17 from the previous trading day according to data from October, 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.

  • 06:06

    Eurostoxx 50 futures up 0.1 pct, DAX futures up 0.2 pct, CAC 40 futures up 0.1 pct, FTSE futures up 0.2 pct

  • 06:05

    German Economy Ministry says orders activity further picked up from already high level, solid upswing in manufacturing to continue

  • 06:04

    Labor cash earnings in Japan up 0.9% y/y

    Total labor cash earnings in Japan increased at a faster-than-expected pace in August, preliminary report from the Ministry of Health, Labor and Welfare, cited by rttnews.

    Gross earnings climbed 0.9 percent year-over-year in August, faster than the 0.4 percent rise in July, which was revised from a 0.3 percent fall estimated previously.

    Economists had expected a 0.5 percent rise for August.

    Contractual gross earnings grew 0.6 percent annually in August and special cash earnings rose notably by 6.1 percent.

    Real cash earnings edged up 0.1 percent in August, the same rate of increase as in the preceding month.

  • 06:02

    German factory orders rose more than expected in August

    Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in August 2017 a seasonally and working-day adjusted 3.6% on the previous month. For July 2017, revision of the preliminary outcome resulted in decrease of 0.4% compared with June 2017 (primary -0.7%). Price-adjusted new orders without major orders in manufacturing had increased in August 2017 a seasonally and working-day adjusted 2.5% on the previous month.

    In August 2017, domestic orders increased by 2.7% and foreign orders by 4.3% on the previous month. New orders from the euro area were down 1.0%, new orders from other countries increased 7.7% compared to July 2017.

  • 06:00

    Germany: Factory Orders s.a. (MoM), August 3.6% (forecast 0.7%)

  • 05:53

    SPX 500 rises for 8th straight session, matching streak from july 2013; sets 6th consecutive record high close, longest such run since 8-day streak in june 1997

  • 05:39

    Global Stocks

    European stocks ended a volatile session mainly higher on Thursday after Madrid suspended a parliamentary session in Catalonia in an attempt to block the region from declaring independence. The Stoxx Europe 600 index SXXP, +0.16% ended 0.2% higher at 391.03, rising for a 10th out of the past 11 session.

    U.S. stock-market indexes posted solid gains and closed at all-time highs on Thursday after Congress passed a budget resolution-a step seen as setting the stage for an overhaul of the tax code.

    Stock markets in Asia posted broad gains Friday morning as Hong Kong's benchmark index briefly reached its best level in a decade and Japan's Nikkei moved closer to levels last seen in 1996. The latest leg higher for stock markets, including new records in the U.S., has been helped by fresh comments from central bankers interpreted in support of a December interest-rate increase. Fed-fund futures now show a 87% probability of an increase then, versus 78% on Tuesday, according to CME Group data.

  • 05:16

    Japan: Coincident Index, August 117.6 (forecast 117.5)

  • 05:00

    Japan: Leading Economic Index , August 106.8 (forecast 107.2)

  • 00:01

    Japan: Labor Cash Earnings, YoY, August 0.9% (forecast 0.5%)

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