- Analytics
- News and Tools
- Market News
CFD Markets News and Forecasts — 03-10-2012
U.S. stocks rose, sending the Standard & Poor’s 500 Index higher for a third day, as better- than-forecast growth in American employment and service industries offset concern about China’s economy. U.S. equities rose after ADP Employer Services said companies added 162,000 jobs last month, topping the median forecast of 38 economists surveyed by Bloomberg for a 140,000 advance. Service industries in the U.S. expanded more than forecast in September. The data come two days before the Labor Department’s September payrolls report is published. The jobless rate in the U.S. probably rose to 8.2 percent last month from 8.1 percent in August, as employers kept a lid on hiring, economists said. Payrolls increased by 115,000 in September, less than the 139,000 average over the first eight months of the year, the report may also show. Over the two years ended August, ADP’s initial release has understated or overstated the Labor Department’s initial private payroll figure by an average of 66,000, according to Bloomberg calculations. The average miss by economists in the Bloomberg survey over the same period was 58,000. S&P 500 1,450.91 +5.16 +0.36% NASDAQ Composite 3,135.73 +15.69 +0.50% Dow Jones 13,494.71 +12.35 +0.09%
The dollar rose against most of its major peers as investors seeking a refuge from signs of slower global growth ignored U.S. reports showing the service industries and private employment expanded more than forecast. Private employers in the U.S. increased payrolls by 162,000 workers in September following a revised 189,000 jump in August, figures from Roseland, New Jersey-based ADP Employer Services showed. The median forecast of 38 economists surveyed by Bloomberg projected a 140,000 advance.
Australia’s dollar slid to the least in almost a month after the nation had its widest trade deficit since 2008 and data showed China’s services industry expanded the least in more than a year.
The euro was little changed versus the greenback after a report showed the region’s services and manufacturing shrank. A composite index based on a survey of euro-area services and manufacturing purchasing managers fell to 46.1 from 46.3 in August, London-based Markit Economics said today. That’s above an initial estimate of 45.9 published on Sept. 20. A reading below 50 indicates contraction.
European stocks fluctuated between gains and losses as U.S. reports on private hiring and services- industry growth beat estimates, offsetting Spain’s stance that it won’t ask for a sovereign bailout soon. In the U.S., a report from ADP Employer Services showed that private employers hired 162,000 workers in September after revised numbers showed they signed up 189,000 the prior month. Last month’s figure beat the average forecast for 140,000 in a Bloomberg survey.
EasyJet Plc, Europe’s second-biggest discount airline, rose 3.1 percent as full-year earnings beat its forecasts.
BTG Plc gained the most in more than 10 months after increasing its financial-year revenue forecast.
FirstGroup Plc plunged 20 percent after Britain’s biggest train operator was stripped of the country’s premier express route.
Oil fell to a two-month low in New York after a government report showed that U.S. crude output climbed to the highest level in more than 15 years and fuel consumption decreased.
Futures dropped as much as 3.5 percent after the Energy Department said crude output rose 11,000 barrels a day to 6.52 million last week, the most since December 1996. Total fuel demand fell 0.3 percent to 18.3 million barrels a day in the four weeks ended Sept. 28, the lowest level since April. Gasoline supplies increased as stockpiles of crude oil and distillate declined.
Crude oil for November delivery declined $3.02, or 3.3 percent, to $88.87 a barrel at 11:07 a.m. on the New York Mercantile Exchange. Oil traded at $89.62 a barrel before release of the inventory report at 10:30 a.m. Futures touched $88.64, the lowest level since Aug. 3.
Brent oil for November settlement decreased $3.06, or 2.7 percent, to $108.51 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $19.64 to the New York-traded West Texas Intermediate grade, down from $19.68 yesterday.
Gold was climbing in New York for the second time in three days on speculation that moves by the world’s central banks to bolster economic growth will spur demand for the metal as a hedge against inflation.
Gold advanced 5.1 percent last month as the Federal Reserve announced a third round of quantitative easing, the European Central Bank pledged to buy more debt, and the Bank of Japan added to an asset-purchase fund to boost growth. The U.S. Labor Department will release the latest employment figures on Oct. 5.
Gold futures for December delivery rose 0.2 percent to $1,778.50 an ounce at 10:01 a.m. on the Comex in New York. Futures reached $1,794.40 on Oct. 1, the highest since Nov. 14.
The U.S. jobless rate rose to 8.2 percent last month from 8.1 percent in August, according to the median forecast of economists surveyed by Bloomberg News before the Labor Department report.
EUR/USD $1.2750, $1.2800, $1.2850, $1.2925, $1.3000
USD/JPY Y77.40, Y77.60, Y78.00, Y78.25
GBP/USD $1.6300
EUR/JPY Y10025, Y101.50
AUD/USD $1.0300, $1.0385, $1.0400, $1.0425
USD/CAD C$0.9900
U.S. stock futures rose after a better-than-estimated payrolls report overshadowed disappointing economic data from Europe.
Global Stocks:
Nikkei 8,746.87 -39.18 -0.45%
Hang Seng 20,888.28 +47.90 +0.23%
FTSE 5,820.15 +10.70 +0.18%
CAC 3,411.36 -2.87 -0.08%
DAX 7,319.3 +13.44 +0.18%
Crude oil $90.50 -1,51%
Gold $1778.20 +0.15%
Data
00:00 China Bank holiday -
01:00 China Non-Manufacturing PMI September 56.3 53.7
01:00 Australia HIA New Home Sales, m/m August -5.6% -5.3%
01:30 Australia Trade Balance August -0.56 -0.62 -2.03
06:00 Germany Bank holiday -
07:50 France Services PMI (finally) September 46.1 46.1 45.0
07:55 Germany Services PMI (finally) September 50.6 50.6 49.7
08:00 Eurozone Services PMI (finally) September 46.0 46.0 46.1
08:30 United Kingdom Purchasing Manager Index Services September 53.7 53.1 52.2
09:00 Eurozone Retail Sales (MoM) August -0.2% 0.0% +0.1%
09:00 Eurozone Retail Sales (YoY) August -1.7% -1.9% -1.3%
The euro rose against the dollar, as the report showed that the index of business activity in the services sector and retail sales unexpectedly rose, topping with analysts' expectations. The single currency rose against all 16 major currencies due to the fact that market participants are waiting for press conference of the ECB, which will be held tomorrow. Also pressure on the pair has what tomorrow will feature minutes of the meeting FOMC, which can seriously affect the mood of the market and cause sharp fluctuations in exchange rates.
The Australian dollar fell almost to the lowest level in the last month, after data showed that the trade deficit increased, registering with the highest level since 2008. It is learned that the country's trade deficit in August was almost three times greater than the median forecast of economists. Imports exceeded exports by $ 2.03 billion ($ 2.07 billion) in August from a revised July deficit of $ 1.53 billion decline was also supported by the data which was released in China, according to which the index of activity in the non-manufacturing sector showed the weakest growth growth since March 2011.
The dollar index, which is the U.S. currency against six major trading partner currencies was 79.751, after falling by 0.2% over the past two days.
Yen continued its three-day decline against the dollar ahead of a meeting of the Bank of Japan, which will be held tomorrow.
EUR / USD: pair rose to $ 1.2938, but was unable to hold out, and it fell, and is now trading at $ 1.2904
GBP / USD: the pair decreased to $ 1.6083, but was able to recover and is now at $ 1.6112
USD / JPY: the pair is trading with an increase, setting all-time high at Y78.31
At 12:15 GMT the U.S. will publish data on the change in the number of employees from ADP in September. At 14:00 GMT the U.S. will composite index ISM non-manufacturing areas in September. At 14:30 GMT the United States will present data on stocks of crude oil from the Department of Energy. At 18:00 GMT the U.S. will be publication of the minutes of the Fed meeting in September. At 22:00 GMT New Zealand will release a sentiment indicator of the business environment of the NZIER Q3. At 23:30 GMT Australia is to publish the index of activity in the service of the AiG in September.
EUR/USD
Offers $1.2990/300, $1.2970/80, $1.2940/50
Bids $1.2893, $1.2860/50, $1.2835/30
GBP/USD
Offers $1.6310, $1.6200/10, $1.6160/65
Bids $1.6085/80, $1.6050, $1.6035/30, $1.6000
AUD/USD
Offers $1.0315/20, $1.0300, $1.0280, $1.0250
Bids $1.0175, $1.0150
EUR/GBP
Offers stg0.8070/80, stg0.8035/45, stg0.8025
Bids stg0.7945/40, stg0.7885/80, stg0.7860/50
EUR/JPY
Offers Y102.20, Y102.00, Y101.50, Y101.20/30
Bids Y100.50, Y100.40, Y100.20, Y100.00, Y99.80
USD/JPY
Offers Y79.00, Y78.70, Y78.50, Y78.40
Bids Y78.00, Y77.90, Y77.80/70, Y77.40/35
European stock markets have reacted negatively to the fact that the Spanish Prime Minister Mariano Rajoy denied the necessity of recourse to the European Union. Thus, the prime minister has denied rumors that Madrid can apply for financial support from Brussels is the 6-7 October.
Little impact on the bidding had data on the index of business activity in the services sector Eurozone, France and Germany. Negative trend shows retail sales in the euro area in August year-on-year (-1.3%, the forecast of -1.9%).
To date:
FTSE 100 5,806.22 -3.23 -0.06%
DAX 7,316.72 +10.86 0.15%
CAC -3,408.23 -6.00 -0.18%
Tesco Plc shares fell 1.3% after the largest riteylr in Britain reported the first decline in profits over two decades. Quotes rail operator FirstGroup after the company lost its main route of the country. Airline EasyJet Europe's gained 3.5% in view of the fact that profit exceeded forecasts.
EUR/USD $1.2750, $1.2800, $1.2850, $1.2925, $1.3000
USD/JPY Y77.40, Y77.60, Y78.00, Y78.25
GBP/USD $1.6300
EUR/JPY Y10025, Y101.50
AUD/USD $1.0300, $1.0385, $1.0400, $1.0425
USD/CAD C$0.9900
Asian stocks fell as Chinese services industries expanded at the weakest pace since at least March 2011 and Spain’s prime minister said that a bailout request isn’t imminent.
China’s non-manufacturing industries expanded at the weakest pace since at least March 2011 as officials struggle to reverse a slowdown in the world’s second-biggest economy.
Nikkei 225 8,746.87 -39.18 -0.45%
S&P/ASX 200 4,438.56 +5.58 +0.13%
Shanghai Composite Closed
Companies that do business in Europe dropped. Canon slid 1.9 percent to 2,555 yen in Tokyo. Shimano Inc., a Japanese bicycle parts maker that counts Europe as its biggest market, fell 0.6 percent to 5,420 yen.
Among stocks that fell, Daiichi Sankyo sank 5.4 percent to 1,191 yen in Tokyo. A panel of scientific advisers recommended an early end to the trial of a lung-cancer medicine the Japanese company is trying to develop with ArQule Inc., a Massachusetts- based maker of experimental drugs.
The euro rose to $ 1.2930. The nearest resistance - $ 1.2975 (Sept 24 high)
01:00 China Non-Manufacturing PMI September 56.3 53.7
01:00 Australia HIA New Home Sales, m/m August -5.6% -5.3%
01:30 Australia Trade Balance August -0.56 -0.62 -2.03
The euro approached a three-week low against the dollar on expectations that signs of an economic slowdown in Europe will increase pressure on the European Central Bank, which at the next meeting on Thursday to consider new steps can mitigate.
Recall that this week ahead of the ECB meeting will be held, the Bank of England and Bank of Japan.
The pressure on the euro remains in connection with the position of the Prime Minister of Spain, Mariano Raho, who made it clear that the country is now the European Union will not ask for help. Investors are eagerly waiting for the Spanish government requested financial support from the European Union, as it will allow the European Central Bank to start buying bonds of Spain.
In the rating agency Moody's said that the analysis of Spain's sovereign debt rating will be completed by the end of October. At the moment, according to Moody's, Spain ranks Baa3, which is the lowest rating, a certain agency. Loss of one stage will mean that Moody's first of the three major rating agencies downgraded Spain to "junk."
The focus is on Wednesday ADP report on employment in the United States and data from the Institute for Supply Management (ISM) for the non-manufacturing sector.
The Australian dollar fell amid evidence that Australia's trade deficit in August was more than expected, and reached 2.027 billion Australian dollars. July figure was revised up to 1.530 billion Australian dollars. Analysts had expected that, given the seasonally adjusted trade deficit of Australia in August will be 685 million Australian dollars.
Recall that the Reserve Bank of Australia on Tuesday decided to lowering key interest rates by a quarter percentage point to 3.25%, which led to an immediate weakening of the national currency.
EUR / USD: during the Asian session the pair fell to $ 1.2876.
GBP / USD: during the Asian session the pair fell to $ 1.6083.
USD / JPY: during the Asian session the pair dropped to Y78.11
At 07:50 GMT France will release PMI index for the services sector in September. At 07:55 GMT Germany will provide PMI index for the services sector in September. At 08:00 GMT the euro area index will be released for the services sector PMI for September and the composite PMI index for September. At 08:30 GMT the UK will provide PMI index for the services sector in September. At 09:00 GMT the UK will hold parliamentary hearings on inflation in Q3. At the same time declares Eurozone Retail Sales for August. At 12:15 GMT the U.S. will publish data on the change in the number of employees from ADP in September. At 14:00 GMT the U.S. will composite index ISM non-manufacturing areas in September. At 14:30 GMT the United States will present data on stocks of crude oil from the Department of Energy. At 18:00 GMT the U.S. will be publication of the minutes of the Fed meeting in September. At 22:00 GMT New Zealand will release a sentiment indicator of the business environment of the NZIER Q3. At 23:30 GMT Australia is to publish the index of activity in the service of the AiG in September.
The euro gained versus the dollar for a second day as speculation persisted that Spain will eventually seek a bailout even after Prime Minister Mariano Rajoy said a request for rescue funds is not imminent. Spain’s Rajoy said today he has no plans to request a bailout soon, fending off mounting speculation that a bid was near. Asked at a press conference in Madrid if a bailout request was imminent, Rajoy said: “No.”
The yen fell versus most major currencies on bets Japan may act to weaken the currency, while the euro rose as Spanish and Italian bonds advanced before the European Central Bank meets Oct. 4. The Frankfurt-based ECB will keep its main refinancing rate unchanged at a record low 0.75 percent at this week’s meeting and will reduce it by the end of the year, a Bloomberg survey of economists forecast.
Australia’s dollar slid to a three- week low against its U.S. peer after the Reserve Bank of Australia unexpectedly cut its benchmark interest rate. RBA Governor Glenn Stevens and his board cut Australia’s overnight cash-rate target by a quarter-percentage point to 3.25 percent, the central bank said in a statement in Sydney today. It’s the lowest level since 2009.
New Zealand’s dollar gained versus most major peers after a report showed commodity export prices advanced last month, buoying the currency. ANZ National Bank Ltd.’s price index advanced 3.5 percent to 263 in September, its highest level since April.
Asian stocks rose, with the regional benchmark index gaining for the first time in three days, after U.S. manufacturing unexpectedly expanded and Federal Reserve Chairman Ben S. Bernanke renewed a pledge to sustain record stimulus, boosting the outlook for exporters.
Bernanke yesterday defended the Fed’s unprecedented bond buying, saying it will spur growth, cut unemployment, help savers and support the dollar.
Australia’s S&P/ASX 200 Index advanced 1 percent. The Reserve Bank of Australia cut its benchmark interest rate to the lowest level since 2009 amid a deepening global slowdown.
Nikkei 225 8,786.05 -10.46 -0.12%
S&P/ASX 200 4,432.98 +44.36 +1.01%
Shanghai Composite Closed
Nexon Co. jumped 6 percent in Tokyo after the maker of online games agreed to buy mobile game developer Gloops Inc. for 36.5 billion yen ($468 million).
Exporters advanced. Samsung Electronics rose 1.7 percent to 1.369 million won in Seoul. Sony Corp., the maker of Bravia televisions and PlayStation game consoles, added 1.2 percent to 928 yen in Tokyo. Canon Inc., the world’s biggest camera maker, gained 2.4 percent to 2,604 yen.
European stocks declined, after yesterday rallying the most in more than three weeks, as companies from Alstom SA to Erste Group Bank AG sold shares. European stocks yesterday rallied the most since Sept. 6 after stress tests bolstered confidence in Spain’s banking system and a report showed U.S. manufacturing unexpectedly expanded last month. The Stoxx 600 fell 2.7 percent last week amid concern the U.S. Federal Reserve’s bond-buying program will fail to encourage growth.
Alstom sank 4.9 percent after selling a 350 million-euro ($453 million) holding.
Erste Group slipped 2.8 percent after the lender’s largest shareholder sold a 235 million-euro stake.
PostNL NV added 4.4 percent after the postal company said it will increase rates next year.
FTSE 100 5,808.97 -11.48 -0.20%, CAC 40 3,417.92 -17.06 -0.50%, DAX 7,312.7 -14.03 -0.19%
U.S. stocks fell, reversing earlier gains by benchmark indexes, after Spanish Prime Minister Mariano Rajoy said a request for rescue funds is not imminent and investors awaited a monthly report on American employment. Rajoy said he has no plans to request rescue funds for Spain in the near term, defying speculation that the nation was preparing to ask for a bailout. Spanish regional presidents meet in Madrid today after Economy Minister Luis de Guindos said yesterday the nation is pressing on with its analysis of whether to seek a bailout.
The jobless rate in the U.S. probably rose 8.2 percent last month from 8.1 percent in August, as employers kept a lid on hiring, economists said before a report this week. Payrolls increased by 115,000 in September, less than the 139,000 average over the first eight months of the year, the report, due Oct. 5, may also show.
Chipotle Mexican Grill Inc. slipped 3.8 percent after hedge fund manager David Einhorn recommended betting against the restaurant chain.
Mosaic Co. dropped 3.9 percent after reporting earnings that missed estimates.
Citigroup Inc. increased 1 percent as its rating was raised by KBW.
MetroPCS Communications Inc. rallied 19 percent as Deutsche Telekom AG is said to be nearing a deal with the wireless carrier.
S&P 500 1,444.29 -0.20 -0.01%NASDAQ 3,117.55 +4.02 +0.13%
Dow 13,471.65 -43.46 -0.32%
The pair updated session low $ 1.0203
Change % Change Last
Oil 91.72 -0.76 -0.82%
Gold 1776.10 -7.20 -0.40%
Change % Change Last
Nikkei 225 8,786.05 -10.46 -0.12%
S&P/ASX 200 4,432.98 +44.36 +1.01%
Shanghai Composite Closed
FTSE 100 5,808.97 -11,48 -0,20%
CAC 40 3,417.92 -17,06 -0,50%
DAX 7,312.7 -14,03 -0,19%
S&P 500 1,444.29 -0.20 -0.01%
NASDAQ 3,117.55 +4.02 +0.13%
Dow 13,471.65 -43.46 -0.32%
/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,2916 +0,23%
GBP/USD $1,6129 0,00%
USD/CHF Chf0,9363 -0,21%
USD/JPY Y78,17 +0,23%
EUR/JPY Y100,96 +0,45%
GBP/JPY Y126,07 +0,22%
AUD/USD $1,0261 -0,92%
NZD/USD $0,8263 -0,18%
USD/CAD C$0,9840 +0,21%
00:00 China Bank holiday -
01:00 China Non-Manufacturing PMI September 56.3 53.7
01:00 Australia HIA New Home Sales, m/m August -5.6% -5.3%
01:30 Australia Trade Balance August -0.56 -0.62 -2.03
06:00 Germany Bank holiday -
07:00 United Kingdom Halifax house price index September -0.4% +0.2%
07:00 United Kingdom Halifax house price index 3m Y/Y September -0.9% -0.9%
07:50 France Services PMI (finally) September 46.1 46.1
07:55 Germany Services PMI (finally) September 50.6 50.6
08:00 Eurozone Services PMI (finally) September 46.0 46.0
08:30 United Kingdom Purchasing Manager Index Services September 53.7 53.1
09:00 Eurozone Retail Sales (MoM) August -0.2% 0.0%
09:00 Eurozone Retail Sales (YoY) August -1.7% -1.9%
12:15 U.S. ADP Employment Report September 201 148
14:00 U.S. ISM Non-Manufacturing September 53.7 53.4
14:30 U.S. Crude Oil Inventories - -2.4
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
