Market news

7 April 2017
  • 20:06

    The main US stock indexes completed the session in the red zone

    The main US stock markets after sharp fluctuations closed below the zero mark. The US missile strike on Syria forced investors to look for safe areas, while weak workplace data affected financial stocks.

    Employers from the US added the lowest number of employees in 10 months in March, but the decline in the unemployment rate to a nearly 10-year low of 4.5% showed that the labor market continues to tighten. The number of non-farm workers increased by 98,000 jobs last month, as the retail sector lost its jobs for the second consecutive month, the Ministry of Labor said on Friday. This was the smallest growth since May last year. Economists predicted that last month employment growth was 180,000, while unemployment remained unchanged at 4.7%.

    At the same time, the report published by the Ministry of Trade showed that wholesale stocks in the US increased in February in accordance with the estimates of economists. According to the data, wholesale stocks increased by 0.4 percent in February after a decrease of 0.2 percent in January. Inventories of non-durable goods in February rose by 0.7% after falling by 0.2% in January, while oil and agricultural products increased significantly.

    Components of the DOW index finished the trades in different directions (20 in negative territory, 10 in positive territory). The shares of E.I. du Pont de Nemours and Company fell more than others (DD, -0.84%). Leader of growth were shares of Wal-Mart Stores, Inc. (WMT, + 2.11%).

    Most sectors of the S & P index showed negative dynamics. The utilities sector fell most of all (-0.5%). The leader of growth was the sector of industrial goods (+ 0.3%).

    At closing:

    Dow -0.03% 20.656.03 -6.92

    Nasdaq -0.02% 5,877.81 -1.14

    S & P -0.08% 2,355.58 -1.91

  • 19:00

    DJIA +0.11% 20,685.44 +22.49 Nasdaq +0.06% 5,882.66 +3.71 S&P +0.08% 2,359.40 +1.91

  • 19:00

    U.S.: Consumer Credit , February 15.21 (forecast 13.9)

  • 16:37

    Wall Street. Major U.S. stock-indexes little changed

    Major U.S. stock-indexes little changed in choppy trading on Friday after a U.S. missile strike on Syria sent investors scurrying to safe-havens, while weak jobs data weighed on financial stocks. U.S. employers added about 98,000 jobs in March, well below economists' expectation of 180,000. While the job additions were the lowest in 10 months, the Labor Department report was seen as an outlier amid a spate of recent positive economic data.

    Dow stocks mixed (15 vs 15). Top loser - The Goldman Sachs Group, Inc. (GS, -0.72%). Top gainer - Wal-Mart Stores, Inc. (WMT, +1.86%).

    Most of S&P sectors in positive area. Top loser - Financials (-0.1%). Top gainer - Industrial goods (+0.5%).


    At the moment:

    Dow 20616.00 +11.00 +0.05%

    S&P 500 2354.75 +1.00 +0.04%

    Nasdaq 100 5424.25 +1.50 +0.03%

    Oil 52.23 +0.53 +1.03%

    Gold 1267.30 +14.00 +1.12%

    U.S. 10yr 2.34 -0.01

  • 16:00

    European stocks closed: FTSE 100 +46.17 7349.37 +0.63% DAX -5.83 12225.06 -0.05% CAC 40 +13.84 5135.28 +0.27%

  • 14:00

    U.S.: Wholesale Inventories, February 0.4% (forecast 0.4%)

  • 14:00

    Canada: Ivey Purchasing Managers Index, March 61.1 (forecast 56.3)

  • 13:45

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

    EURUSD: 1.0550 (EUR 360m) 1.0600 (EUR 3.1bln) 1.0620-30 (470m) 1.0650-60 (485m) (605m) 1.0700 (425m) 1.0730-40 (1bln) 1.0765-75 (1.13bln) 1.0800-10 (795m)

    USDJPY: 110.00 (USD 910m) 110.50 (370m) 110.80-110.95 (620m) 111.30-40 (805m) 111.50 (1.08bln) 111.85-112.00 (1.57bln) 112.50-112.65 (500m)

    GBPUSD: 1.2420-30 (GBP 225m) 1.2490-1.2500 (545m)

    USDCHF 1.0000 (USD 225m)

    AUDUSD: 0.7570-75 (AUD 305m) 0.7600 (AUD 687m) 0.7650 (731m)

    USDCAD: 1.3350 (USD 504m) 1.3380 (230m) 1.3410 (325m) 1.3450-60 (530m) 1.3500-1.3510 (588m)

    NZDUSD 0.6985 (405m)

  • 13:35

    U.S. Stocks open: Dow -0.09%, Nasdaq -0.11%, S&P -0.10%

  • 13:30

    Before the bell: S&P futures -0.22%, NASDAQ futures -0.19%

    U.S. stock-index rose fell on the back of weak jobs data and news the U.S. Navy launched a missile attack on the Shayrat airbase in Syria.

    Stocks:

    Nikkei 18,664.63 +67.57 +0.36%

    Hang Seng 24,267.30 -6.42 -0.03%

    Shanghai 3,287.02 +6.02 +0.18%

    FTSE 7,299.69 -3.51 -0.05%

    CAC 5,104.84 -16.60 -0.32%

    DAX 12,156.59 -74.30 -0.61%

    Crude $52.00 (+0.58%)

    Gold $1,270.90 (+1.40%)

  • 13:00

    Wall Street. Stocks before the bell

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


    ALTRIA GROUP INC.

    MO

    71.28

    -0.14(-0.20%)

    1642

    Amazon.com Inc., NASDAQ

    AMZN

    898.9

    0.62(0.07%)

    23719

    AMERICAN INTERNATIONAL GROUP

    AIG

    61.3

    -0.54(-0.87%)

    397

    Apple Inc.

    AAPL

    143.43

    -0.23(-0.16%)

    53673

    AT&T Inc

    T

    40.59

    -0.01(-0.02%)

    38428

    Barrick Gold Corporation, NYSE

    ABX

    19.66

    0.38(1.97%)

    259261

    Boeing Co

    BA

    178

    0.63(0.36%)

    3557

    Caterpillar Inc

    CAT

    95.7

    -0.12(-0.13%)

    11796

    Chevron Corp

    CVX

    109.36

    0.07(0.06%)

    1751

    Cisco Systems Inc

    CSCO

    33.02

    -0.06(-0.18%)

    1416

    Citigroup Inc., NYSE

    C

    59.29

    -0.60(-1.00%)

    67603

    Exxon Mobil Corp

    XOM

    83.25

    0.24(0.29%)

    19886

    Facebook, Inc.

    FB

    140.85

    -0.32(-0.23%)

    46844

    Freeport-McMoRan Copper & Gold Inc., NYSE

    FCX

    13.4

    -0.16(-1.18%)

    94649

    General Electric Co

    GE

    29.87

    -0.06(-0.20%)

    29507

    General Motors Company, NYSE

    GM

    34.13

    -0.03(-0.09%)

    1202

    Goldman Sachs

    GS

    226.6

    -2.04(-0.89%)

    15636

    Google Inc.

    GOOG

    825.97

    -1.91(-0.23%)

    1665

    Intel Corp

    INTC

    36.01

    -0.02(-0.06%)

    14519

    International Business Machines Co...

    IBM

    172.49

    0.04(0.02%)

    3352

    JPMorgan Chase and Co

    JPM

    85.73

    -0.75(-0.87%)

    91470

    Merck & Co Inc

    MRK

    62.8

    -0.44(-0.70%)

    43321

    Microsoft Corp

    MSFT

    65.52

    -0.21(-0.32%)

    4214

    Nike

    NKE

    54.79

    -0.35(-0.63%)

    931

    Pfizer Inc

    PFE

    34.07

    -0.04(-0.12%)

    2572

    Starbucks Corporation, NASDAQ

    SBUX

    57.54

    -0.38(-0.66%)

    4917

    Tesla Motors, Inc., NASDAQ

    TSLA

    297

    -1.70(-0.57%)

    34965

    The Coca-Cola Co

    KO

    42.62

    -0.05(-0.12%)

    3295

    Twitter, Inc., NYSE

    TWTR

    14.28

    -0.11(-0.76%)

    47405

    Verizon Communications Inc

    VZ

    48.54

    0.11(0.23%)

    1892

    Visa

    V

    88.91

    -0.18(-0.20%)

    2255

    Wal-Mart Stores Inc

    WMT

    71.86

    0.43(0.60%)

    14344

    Walt Disney Co

    DIS

    112.8

    -0.25(-0.22%)

    3493

    Yandex N.V., NASDAQ

    YNDX

    22.49

    -0.41(-1.79%)

    4744

  • 12:57

    Upgrades and downgrades before the market open

    Upgrades:

    Wal-Mart (WMT) upgraded to Outperform from Market Perform at Telsey Advisory Group; target raised to $82


    Downgrades:


    Other:

    Walt Disney (DIS) target raised to $116 from $113 at FBR & Co.; Market Perform

    FedEx (FDX) initiated with a Buy at Loop Capital; target $234

  • 12:36

    US average hourly earnings continue to disappoint

    In March, average hourly earnings for all employees on private nonfarm payrolls increased by 5 cents to $26.14, following a 7-cent increase in February. Over the year, average hourly earnings have risen by 68 cents, or 2.7 percent. In March, average hourly earnings of private-sector production and nonsupervisory employees increased by 4 cents to $21.90.

  • 12:34

    Canadian employment was little changed in March (+19,000 or +0.1%)

    Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work.

    In the first quarter of 2017, employment gains totalled 83,000 or 0.5%. This growth is comparable to the last quarter of 2016 (+91,000 or +0.5%) and notably higher than the first quarter of 2016 (+36,000 or +0.2%).

    Compared with 12 months earlier, employment increased by 276,000 (+1.5%), mostly in full-time work. Over the same period, the total number of hours worked rose 0.7%.

  • 12:33

    US unemployment rate decreased by 0.2 percentage point to 4.5 percent in March, retail trade lost jobs

    The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in mining, while retail trade lost jobs.

    The unemployment rate decreased by 0.2 percentage point to 4.5 percent in March, and the number of unemployed persons declined by 326,000 to 7.2 million. Both measures were down over the year.

    Among the major worker groups, the unemployment rates for adult women (4.0 percent), Whites (3.9 percent), and Hispanics (5.1 percent) declined in March. The jobless rates for adult men (4.3 percent), teenagers (13.7 percent), Blacks (8.0 percent), and Asians (3.3 percent) showed little or no change.

  • 12:31

    Big miss for US non farm payrolls, 98K vs 180K expected

  • 12:30

    U.S.: Nonfarm Payrolls, March 98 (forecast 180)

  • 12:30

    U.S.: Unemployment Rate, March 4.5% (forecast 4.7%)

  • 12:30

    Canada: Unemployment rate, March 6.7% (forecast 6.7%)

  • 12:30

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

  • 12:30

    U.S.: Labor Force Participation Rate, March 63%

  • 12:30

    U.S.: Manufacturing Payrolls, March 11.0 (forecast 15)

  • 12:30

    U.S.: Private Nonfarm Payrolls, March 89 (forecast 175)

  • 12:30

    Canada: Employment , March 19.4 (forecast 5)

  • 12:30

    U.S.: Government Payrolls, March 9.0

  • 12:30

    U.S.: Average hourly earnings , March 0.2% (forecast 0.2%)

  • 11:58

    Orders

    EUR/USD

    Offers: 1.0655 1.0670 1.0685 1.0700 1.0730 1.0750

    Bids: 1.0625-30 1.0600 1.0580 1.0565 1.0550


    GBP/USD

    Offers: 1.2480 1.2500 1.2520 1.2550-55 1.2585 1.2600

    Bids: 1.2435 1.2420 1.2400 1.2375-80 1.2350 1.2330 1.2300


    EUR/JPY

    Offers: 118.00 118.30 118.50 118.65 118.80 119.00

    Bids: 117.50 117.30 117.00 116.85 116.50 116.00


    EUR/GBP

    Offers: 0.8555-60 0.8580 0.8600 0.8630 0.8650

    Bids: 0.8530 0.8500 0.8485 0.8465 0.8450 0.8430 0.8400


    USD/JPY

    Offers: 110.80-85 111.00 111.20 111.50 111.80 112.00

    Bids: 110.25-30 110.00 109.85 109.65 109.50


    AUD/USD

    Offers: 0.7550 0.7565 0.7580 0.7600 0.76200.7650

    Bids: 0.7500 0.7485 0.7450 0.7425-30 0.7400

  • 11:24

    Kremlin says Putin, Russia's security council regret harm done to Russia - U.S ties after Syria strikes - Ifax

    • Russia's security council discussed continuation of Russian air deployment in Syria

    • Russia's security council worried over unavoidable negative consequences for fighting terrorism

  • 11:22
  • 08:44

    Eurogroup’s Dijsselbloem: There Will Be No Political Deal On Greece 'Today' @LiveSquawk

  • 08:39

    UK construction output rose less than expected. Week data from UK and GBP/USD is down 40 pips so far

    Output in the construction industry grew for the fourth consecutive period on a 3 month on 3 month basis, increasing by 1.5%.

    Despite growing 3 month on 3 month, output fell by 1.7% in February 2017 in comparison to January 2017.

    On the back of strong growth in January 2017, infrastructure provided one of the main downward pressures on output in February, decreasing by 7.3%.

    New housing also contributed to the monthly decrease in overall output, falling month-on-month by 2.6% in February 2017.

    Repair and maintenance grew in February, increasing month-on-month by 1.2%; month on year by 0.8%; and 3 month on 3 month by 0.6%.

  • 08:36

    UK's deficit on trade in goods and services widened to £3.7 billion in February

    The deficit on trade in goods and services widened to £3.7 billion in February 2017 from a revised deficit of £3.0 billion in January 2017, predominantly due to an increase in imports of erratic goods; excluding erratic goods, the trade deficit narrowed to £2.5 billion in February 2017 from a revised deficit of £3.0 billion in January 2017.

    In the 3 months to February 2017, the deficit on trade in goods and services narrowed to £8.5 billion, reflecting a higher increase in exports than imports, mainly due to increases in exports of machinery and transport equipment, oil and chemicals; the deficit on trade in goods excluding oil and erratic commodities widened in the 3 months to February, continuing the trend seen in the rolling 3-month period since August 2016.

    Trade prices continue to be influenced by recent sterling movements, with export and import prices falling between January and February 2017, coinciding with an increase in volumes.

  • 08:34

    UK industrial production down 0.7% in Feb

    In the 3 months to February 2017, manufacturing increased by 2.1% (unchanged from the 3 months to January 2017), continuing its strongest growth since May 2010 - total production was estimated to have increased by 1.6%, with manufacturing providing the largest contribution.

    The transport equipment sector provided the largest contribution to the manufacturing increase, along with smaller upwards contributions from a range of other manufacturing industries.

    In February 2017, total production decreased by 0.7% compared with January 2017 with falls in all four main sectors, with electricity and gas providing the largest downward contribution, decreasing by 3.4%.

  • 08:30

    United Kingdom: Manufacturing Production (YoY), February 3.3% (forecast 3.9%)

  • 08:30

    United Kingdom: Industrial Production (YoY), February 2.8% (forecast 3.7%)

  • 08:30

    United Kingdom: Manufacturing Production (MoM) , February -0.1% (forecast 0.3%)

  • 08:30

    United Kingdom: Industrial Production (MoM), February -0.7% (forecast 0.2%)

  • 08:30

    United Kingdom: Total Trade Balance, February -3.66

  • 07:30

    United Kingdom: Halifax house price index, March 0% (forecast 0.3%)

  • 07:30

    United Kingdom: Halifax house price index 3m Y/Y, March 3.8% (forecast 3.9%)

  • 07:00

    Switzerland: Foreign Currency Reserves, March 683.18

  • 06:46

    France: Industrial Production, m/m, February -1.6% (forecast 0.5%)

  • 06:45

    France: Trade Balance, bln, February -6.6 (forecast -4.9)

  • 06:33

    Options levels on friday, April 7, 2017

    EUR/USD

    Resistance levels (open interest**, contracts)

    $1.0831 (521)

    $1.0799 (1071)

    $1.0752 (462)

    Price at time of writing this review: $1.0650

    Support levels (open interest**, contracts):

    $1.0602 (502)

    $1.0562 (736)

    $1.0512 (1641)


    Comments:

    - Overall open interest on the CALL options with the expiration date June, 9 is 48848 contracts, with the maximum number of contracts with strike price $1,1000 (4025);

    - Overall open interest on the PUT options with the expiration date June, 9 is 56033 contracts, with the maximum number of contracts with strike price $1,0400 (5303);

    - The ratio of PUT/CALL was 1.15 versus 1.11 from the previous trading day according to data from April, 6

    GBP/USD

    Resistance levels (open interest**, contracts)

    $1.2709 (783)

    $1.2613 (368)

    $1.2518 (934)

    Price at time of writing this review: $1.2466

    Support levels (open interest**, contracts):

    $1.2387 (568)

    $1.2290 (423)

    $1.2193 (550)


    Comments:

    - Overall open interest on the CALL options with the expiration date June, 9 is 15547 contracts, with the maximum number of contracts with strike price $1,3000 (1365);

    - Overall open interest on the PUT options with the expiration date June, 9 is 16971 contracts, with the maximum number of contracts with strike price $1,1500 (3063);

    - The ratio of PUT/CALL was 1.09 versus 1.11 from the previous trading day according to data from April, 6

    * - 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.

  • 06:16

    Germany: Current Account , February 20.4

  • 06:16

    Germany: Trade Balance (non s.a.), bln, February 19.9

  • 06:07

    German industrial production rose more than expected due to higher production of capital goods

    In February 2017, production in industry was up by 2.2% from the previous month on a price, seasonally and working day adjusted basis according to provisional data of the Federal Statistical Office (Destatis). In January 2017, the corrected figure shows an increase of 2.2% (primary + 2.8%) from December 2016.

    In February 2017, production in industry excluding energy and construction was up by 0.9%. Within industry, the production of capital goods increased by 1.1% and the production of consumer goods by 1.4%. The production of intermediate goods showed an increase by 0.4%. Energy production was up by 0.6% in February 2017 and the production in construction increased by 13.6%

  • 06:05

    German trade balance improved in February

    Germany exported goods to the value of 102.3 billion euros and imported goods to the value of 82.4 billion euros in February 2017. Based on provisional data, the Federal Statistical Office (Destatis) also reports that German exports increased by 3.1% and imports by 3.7% in February 2017 year on year. Exports and imports showed diverging month-on-month trends on a calendar and seasonally adjusted basis. While exports rose by 0.8% on January 2017, imports were down 1.6%.

    The foreign trade balance showed a surplus of 19.9 billion euros in February 2017. In February 2016, the surplus amounted to 19.8 billion euros. In calendar and seasonally adjusted terms, the foreign trade balance recorded a surplus of 21.0 billion euros in February 2017.

  • 06:00

    Swiss unemployment rate drops to 3.4%, as expected

    Registered unemployment in March 2017 - according to the State Secretariat for Economic Affairs (SECO) surveys, 152,280 unemployed persons were registered at the Regional Employment Services Centers (RAV) at the end of March 2017, 7,529 less than in the previous month. The unemployment rate thus fell from 3.6% in February 2017 to 3.4% in the reporting month. Compared to the previous month, unemployment fell by 3,044 (-2.0%). Youth unemployment in March 2017 Youth unemployment (15 to 24 year olds) decreased by 1,545 persons (-8.1%) to 17,563.

  • 06:00

    Germany: Industrial Production s.a. (MoM), February 2.2% (forecast 0.1%)

  • 05:49

    Yen safe heaven demand drops USD/JPY 80 pips on the Asian session. Syria is a vital oil hub, turmoil could continue. Also Gold rallies strong reaching 4.5 months high

  • 05:45

    Syrian National Coalition hopes U.S strikes will continue in order to stop Syrian govt air strikes and "use of internationally banned weapons" - SNC media official

  • 05:45

    Switzerland: Unemployment Rate (non s.a.), March 3.4% (forecast 3.4%)

  • 05:43

    Head of Russian Upper House of parliament international affairs committee says U.S, Russia coalition on Syria in doubt after U.S air strike - Ria

    • Saudi Arabia expresses full support for the U.S air strike in Syria - Arabiya tv

    • Head of Russian Upper House of parliament defence committee says Russia will call for urgent U.N security council meeting after U.S attack on Syria - Ria

  • 05:40

    Russian lawmaker says U.S airstrikes on Syrian airbase are political double standards - Ria

  • 05:39

    President Donald Trump says strike on Syria in the 'vital national security interest' of the United States @AP

  • 05:38

    US military has launched more 50 than missiles aimed at Syria - NBC News

  • 05:35

    Global Stocks

    European stocks ended slightly higher on Thursday, after swinging between gains and losses through the session, as investors were reluctant to take any big risks ahead of a summit between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.

    U.S. stocks closed off intraday highs Thursday as President Donald Trump hosted his Chinese counterpart Xi Jinping for their first official meeting, as investors sought clues to how the leaders of the world's economic powerhouses will tackle trade and geopolitical issues.

    Asian equity markets erased early gains and the yen and oil prices rose sharply after the U.S. launched cruise missiles at a Syrian airbase in response to a recent chemical attack. The strikes represented the first time a U.S. military operation has deliberately targeted the regime of President Bashar al-Assad.

  • 05:16

    Japan: Coincident Index, February 115.5

  • 05:02

    Japan: Leading Economic Index , February 104.4 (forecast 104.7)

  • 00:00

    Japan: Labor Cash Earnings, YoY, February 0.4% (forecast 0.5%)

7 April 2017
Market Focus
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