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

Weekly Market Report

18 Feb 2019

18 February 2019

Image
Image
Image

The Market Last Week

Global equities ended firmer last week, amid progress in US-China trade negotiations.


UK Markets ended in positive territory for the third consecutive week, amid hopes of potential delay in Brexit.

UK’s retail sales rose more than market expectations on a monthly basis in January.

Economic growth slowed to a six-year low level on a quarterly basis in the fourth quarter of 2018.

Industrial production registered an unexpected decline on a monthly basis in December.

The consumer price inflation slowed to a two-year low level on an annual basis in January.

The producer price index (PPI) registered a less-than-anticipated rise on a yearly basis in January.

Monthly retail price index dropped more than market anticipations in January.

House prices grew at its slowest pace since July 2013 on an annual basis in January.

Manufacturing production unexpectedly dropped on a monthly basis in December.

Construction output recorded an unexpected fall on a monthly basis in December.

Visible trade deficit narrowed in December.




European Markets ended the week on a stronger footing, amid robust earnings update and following reports that the European Central Bank is considering restarting stimulus.

Eurozone’s industrial production eased more than market anticipations on a monthly basis in December.

Trade surplus in the Eurozone narrowed more than market forecast in December.

Eurozone’s gross domestic product (GDP) climbed on a quarterly basis in the fourth quarter of 2018.

Germany’s quarterly GDP recorded a steady reading in the fourth quarter of 2018.




US Markets ended the week in green, buoyed by optimism over US-Sino trade talks.

The US NFIB small optimism index dropped more than market forecast in January, marking its lowest level since November 2016.

The PPI advanced less than market expectations on an annual basis in January, recording its smallest gain since July 2017.

Advance retail sales unexpectedly declined to a nine-year low level in December.

Initial jobless claims unexpectedly advanced in the week ended 9 February 2019.

Business inventories registered an unexpected drop in November.

Monthly budget deficit narrowed less than market expectations in December.

The MBA mortgage applications dropped for a fourth consecutive month in the week ended 8 February 2019, marking its lowest level in 11 months.

Manufacturing production registered an unexpected drop on a monthly basis in January.

Industrial production unexpectedly declined for the first time in 8 months on a monthly basis in January.

The JOLTS job openings surprised with a rise in December.

The consumer price index (CPI) advanced more than market expectations on a yearly basis in January.

Average hourly earnings recorded a rise on an annual basis in January.

The NY Empire State manufacturing PMI advanced more than market forecast in February.

The Michigan consumer sentiment index climbed more than market expectations in February.




Asian Markets ended firmer last week, mirroring gains in their US counterparts.

Australia’s ANZ Roy Morgan weekly consumer confidence index recorded a decline in the week ended 10 February 2019.

Seasonally adjusted home loan approvals in Australia eased more than market expectations on a monthly basis in December.

Australia’s NAB business confidence index advanced in January.

The NAB business conditions index in Australia climbed in January.

Australia’s Westpac consumer confidence index rebounded in February.

In Australia, consumer inflation expectations advanced in February.

China’s CPI rose less than market forecast on an annual basis in January.

The producer price inflation in China slowed for a seventh consecutive month to its weakest pace since September 2016 on a yearly basis in January.

Japan’s economy rebounded modestly in Q4.

Japan’s final industrial production registered a drop on a monthly basis in December.

Machinery orders in Japan dropped on a monthly basis in December.




Image

Currency Update

The EUR ended lower against the USD, amid signs of slowdown in the Eurozone’s economy.
The British Pound ended weaker against the greenback, after UK’s consumer price inflation fell to a 6-year low level in January and amid Brexit concerns.
The US Dollar ended stronger against its major counterparts last week, on the back of stronger than expected US inflation data.


Image

BoE Governor, Mark Carney warns over rising threats to global economy

The Bank of England Governor, Mark Carney warned that a no-deal Brexit would create an “economic shock”. Hence, he urged MPs to solve the Brexit standoff and warned of growing threats to the global economy. Further, he stated that Brexit could prove to be an “acid test” for how the global economy might perform under the new rules of trade. Moreover, he added that global trade uncertainty could undermine the global expansion.


Image

The Week Ahead

Going ahead this week, investors will keep a tab on the FOMC meeting minutes, the US NAHB housing market index, the MBA mortgage applications, initial jobless claims, the Markit manufacturing and services PMI along with durable goods orders, the leading index, existing home sales for further direction. Additionally, the UK’s Rightmove house price index, claimant count rate, the ILO unemployment rate, average weekly earnings and public sector net borrowing along with the Markit manufacturing and services PMI, the Eurozone’s CPI, current account balance, construction output and consumer confidence index along with Germany’s CPI, PPI and GDP will be on investors’ radar.


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 22300 15200

×

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.