Big Data Analytics Solutions | Financial Services in India |Decimal Point Analysis

Weekly Market Report

02 Mar 2020

02 March 2020

Image
Image
Image

The Market Last Week

Global equities ended significantly lower last week, amid sharp sell-off in global equities, after the coronavirus spread in countries outside China.


UK Markets ended the week in negative territory, as a sharp rise in the number of coronavirus cases outside China increased fears of a global pandemic.

UK’s CBI distributive trade survey’s retail sales balance increased less-than-expected in February.

The BRC shop price index fell on a yearly basis in February.

The Nationwide house prices advanced at its fastest pace since July 2018 in February.

The GfK consumer confidence index climbed for the third consecutive session in February.




European Markets ended the week on a negative footing, amid fears that the coronavirus might impact global economic growth.

Eurozone’s consumer confidence index improved in line with market forecast in February.

Business climate indicator in the Eurozone recorded a rise in February.

In the Eurozone, the economic sentiment indicator climbed to its highest level in nine months in February.

The consumer price index (CPI) in the Eurozone rose in line with market consensus on an annual basis in February.

Germany’s economic growth stagnated on a quarterly basis in the fourth quarter of 2019.

The Ifo business climate index in Germany unexpectedly rose in February.

Germany’s Ifo business expectations index surprisingly advanced in February.

The unemployment rate in Germany remained unchanged in February.

In Germany, the consumer price index (CPI) climbed on an annual basis in February.

Germany’s Ifo current assessment index fell less than market expectations in February.




US Markets ended the week in red, amid concerns that the coronavirus outbreak could result in a severe global recession.

In the US, personal spending rose less-than-expected in January.

The Dallas Fed manufacturing business index rose less than market forecast in February.

The CB consumer confidence index advanced less than market anticipations in February.

The Richmond Fed manufacturing index dropped more-than-expected in February.

Initial jobless claims increased in the week ended 21 February 2020.

Real gross domestic product rose in the fourth quarter of 2019.

The Chicago Fed National Activity index unexpectedly rose in January.

The housing price index climbed more than market forecast on a monthly basis in December.

The MBA mortgage applications rebounded in the week ended 21 February 2020.

New home sales climbed to its highest level since July 2007 on a monthly basis in January.

Pending home sales advanced on a monthly basis in January.

The Kansas City Fed manufacturing activity index unexpectedly rose in February.

Durable goods orders declined less than market forecast in January.

Personal income climbed to its highest level in 11 months in January.

The Michigan consumer sentiment index slightly improved in February.

The Chicago Purchasing Managers’ Index jumped more than market consensus in February.




Asian Markets ended weaker last week, amid rising worries over the spread of coronavirus cases.

Japan’s CPI rose less than market expectations on a yearly basis in February.

Japan’s unemployment rate climbed in January.

Japan’s retail trade increased less-than-anticipated on a monthly basis in January.

Construction orders in Japan dropped on a yearly basis in January.

The Jibun Bank manufacturing PMI rose in February.

Japan’s housing starts fell more than market forecast in January.

The leading economic indicator in Japan rose as expected in December.

Japan’s corporate service price index advanced more than market consensus on an annual basis in January.

Industrial production in Japan climbed on a monthly basis in January.

Australia’s private sector credit demand jumped more than market consensus in January.

Australia’s AiG performance of manufacturing index fell in February.

China’s NBS manufacturing PMI fell more than market forecast in February.

China’s Caixin manufacturing PMI slid more than market anticipations in February.




Image

Currency Update

The EUR ended firmer against the USD last week, after Germany announced plans to suspend its debt break provision in the German constitution to allow higher deficit spending in order to combat the country’s economic slowdown.
The British Pound ended weaker against the greenback in the prior week, after Britain confirmed a hardline stance on trade talks with the European Union and amid speculation that the Briatin’s new Finance Minister, Rishi Sunak, may not raise spending as much as expected.
The US Dollar ended mostly higher against its major counterparts last week, after the US economic growth improved in the fourth quarter.


Image

Fed Chairman, Jerome Powell, says coronavirus presents ‘evolving risks’ to the US economy

The Federal Reserve (Fed) Chairman, Jerome Powell, in his speech, indicated that the central bank is monitoring the risks from coronavirus on the US economy and pledged to take action accordingly. He stated that the fundamentals of the US economy remain strong. However, he warned that the coronavirus poses “evolving risks” to the country’s economic activity. Further, Powell stated that the central bank would protect the economy from fears over the coronavirus outbreak and would cut interest rates if required.


Image

The Week Ahead

Going ahead this week, investors will keep a tab on the US Fed Beige Book, the US Markit manufacturing and services PMIs, non-farm payrolls, factory orders and unemployment rate along with the UK’s Markit construction PMI, the Halifax house prices, consumer inflation expectations, the Markit manufacturing and services PMIs for further indication. Also, the Markit manufacturing and services PMIs across the Eurozone, the CPI, the PPI and unemployment rate along with Germany’s retail sales, factory orders will keep investors on their toes.


Image

Send us an email on research@decimalpointanalytics.com for your feedback

To make sure you receive all the emails from Decimal Point, please add us in your address book.

Image


Contact Us

5A, B-Wing, Trade Star Building, J. B. Nagar, Andheri-Kurla Road, Andheri (East), Mumbai - 400 059, Maharashtra, India

www.decimalpointanalytics.com | info@decimalpointanalytics.com | +91 22 4919 5200

Incase you want to unsubscribe from this mailing list please click on the link UNSUBSCRIBE

×

Decimal Point Analytics (DPA) will process the information in this form to share information as requested. By checking the above box you confirm your acceptance to receive the communication. You can unsubscribe any time by clicking the ‘Unsubscribe’ link in the footer of any email you receive from us, or by contacting us at

We use cookies to measure website performance, provide social media features and personalize content.
Close this dialog to confirm you are happy with that, or find out more in the privacy statement.