Daily global Markets Report from MarketsWorld.com 19th June 2015

 

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US stocks closed higher on Thursday following yesterday’s news that the Federal Reserve confirmed that upcoming rate rise would be gradual and investors also weighed up a raft of economic data. In economic data, US consumer prices rose by 0.4% month-on-month in May, falling slightly short of the 0.5% that was forecast. Core CPI increased by 0.1% over the month, below forecasts for a 0.2% increase. The current account deficit widened to $113.3 billion in the first quarter, from $103.1 billion in the fourth quarter of last year, largely because of a big drop in the primary income surplus. Initial weekly unemployment claims decreased more-than-expected last week, hitting 267,000 against a forecast for 277,000. In company news, Fitbit jumpe …….. Full global markets report here

 

Daily global Markets Report from MarketsWorld.com 18th June 2015

 

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Stocks in the US edged higher on Wednesday, after the FOMC decided to keep interest rates unchanged, as was widely forecast. The US central bank kept the range for its main policy rate unchanged at between 0% and 0.25%, as forecast, although its remarks over the labour market were rather dovish, with policy-makers saying that: “under-utilisation of labor resources diminished somewhat since the last meeting.” The Federal Reserve may yet raise interest rates twice in what remains of 2015, the latest set of economic projections from the Fed´s rate-setters showed. FOMC participants lowered their median 2015 projection for GDP growth to between 1.8% and 2.0% from the …….. Full global markets report here

 

Daily global Markets Report from MarketsWorld.com 17th June 2015

 

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Stocks in the US closed higher on Tuesday with investors awaiting the outcome of the Federal Reserve’s latest policy meeting, investors were also keeping a close eye on the situation between Greece and its creditors. Economic data showed that US housing starts dropped 11.1% month-on-month in May to reach an annualised pace of 1.03m, against forecasts of a 1.1m reading On a positive note the number of building permits issued jumped by 11.8% over the month in May to hit 1.27m, while April´s figure for starts was revised to 1.16m units, versus a preliminary eforecasts of 1.13m. In company news, Avalanche Biotechnologies fell after discussions late on Monday regarding its latest gene therapy treatment revealed results between …….. Full global markets report here

 

Daily global Markets Report from MarketsWorld.com 5th June 2015

 

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European markets closed lower on Thursday as Greece described demands from its creditors to reach a deal as unacceptable. Greek Prime Minister Alexis Tsipras vowed on Thursday to never “surrender” to creditors, adding that the country’s plans formed the only “realistic proposals on the table”. Greece has reportedly said it would make the €300m payment due to the IMF on Friday, but cash is running out with total repayments for June about €1.25 billion. Also adding to market nerves was comments from ECB president Mario Draghi who said that bond markets should get used to volatility. The yield on the benchmark German 10-year bond reached 0.99% …….. Full global markets report here

 

Daily global Markets Report from MarketsWorld.com 4th June 2015

 

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Stocks in the US edged higher on Wednesday, as investors digested a series of economic reports. The US labour market performed as expected in May, with America’s private sector generating 201,000 jobs in May, slightly above the 200,000 that was forecast. The US trade deficit fell 19.2% in April after reaching a seven-year high in the previous month to reach -$40.9 billion, down from the prior month’s reading of -$44 billion, The ISM services index declined 2.1% month-on-month to 55.7% in May, falling short of the 57% reading forecast. Meanwhile, the employment index dropped 1.4% from April to 55.3%. The Federal Reserve’s Beige Book, which contains an assessment of economic conditions from the 12 Federal Reserve districts through May 22, reported that economic growth was “modest to moderate” across most regions. In company news, …….. Full global markets report here

 

Daily global Markets Report from MarketsWorld.com 3rd June 2015

 

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The Dollar fell over 1% against a basket of other major currencies on Tuesday, after data showed that US factory orders fell for the sixth straight month in April sparking concerns over the strength of the US economy. The Commerce Department reported that factory orders fell 0.4% in April, below forecasts for a 0.2% increase. March’s figure was revised to 2.2% from a previously reported 2.1%. On a year-over-year basis, factory orders dropped 6.4%, the sixth straight monthly decline. The weak data sparked fresh fears over the outlook for second quarter growth after data last month showed that the US economy contracted 0.2% in the first quarter. EUR/USD jumped 1.94% to $1.1138, helped by d …….. Full global markets report here

 

Daily global Markets Report from MarketsWorld.com 2nd June 2015

 

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Manufacturing activity in the UK expanded at a slower rate than expected in May, market research group Markit reported that its UK manufacturing PMI edged up to a seasonally adjusted 52.0 last month from a reading of 51.8 in April. Forecasts were for the index to rise to 52.5 in May. …….. Full global markets report here

 

Daily global Markets Report from MarketsWorld.com 1st June 2015

 

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Stocks in the US closed lower on Friday, as a batch of underwhelming data reports disappointed investors and showed that the US economy contracted in the first quarter for the second consecutive year. Economic data showed that revised US GDP shrank at an annualised pace of 0.7% in the first three months of the year. The preliminary estimate from the Department of Commerce was a contraction of 0.2%, while forecasts were for a fall of 0.9%. Personal consumption grew at a 1.8% annualised rate in the first quarter, revised down from an initial estimate of …….. Full global markets report here