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

Weekly Market Report

18 Nov 2019

18 November 2019

Image
Image
Image

The Market Last Week

Global equities ended mostly firmer last week, amid progress towards US-China trade agreement.


UK Markets ended the week in negative territory, amid strength in the British Pound and escalating tensions in Hong Kong.

In the UK, consumer price inflation slowed to its lowest level since November 2016 in October.

Gross domestic product (GDP) rose less than market anticipations on a quarterly basis in the third quarter of 2019.

The retail price index fell more than market consensus on an annual basis in October.

The house price index rose less than market expectations on a yearly basis in July.

Total trade deficit widened in September.

Industrial production declined more than market forecast on a monthly basis in September.

Manufacturing production decreased more than market consensus on a monthly basis in September.

Construction output dropped on a monthly basis in September.

Average earnings increased less than market anticipations in the July-September 2019 period.

The RICS house price balance declined more than market forecast in October.

Retail sales unexpectedly fell on a monthly basis in October.

The ILO unemployment rate unexpectedly fell to a 45-year low rate in the July-September 2019 period.

The Rightmove house price index advanced on an annual basis in October.




European Markets ended the week on a positive footing, driven by optimism over US-China trade negotiations.

Eurozone’s economic growth accelerated as expected on a quarterly basis in 3Q19.

Industrial production in the Eurozone unexpectedly increased on a monthly basis in September, recording its second consecutive rise.

Eurozone’s ZEW survey economic sentiment index unexpectedly advanced in November.

Trade surplus in the Eurozone narrowed more than market expectations in September.

In the Eurozone, final consumer price index (CPI) rose in line with market expectations on an annual basis in October.

Germany’s ZEW survey economic sentiment index climbed more than market consensus in November.

The ZEW survey current situation index in Germany advanced less than market forecast in November.

Germany’s CPI climbed in line with market expectations on an annual basis in October.

Germany’s GDP unexpectedly rose on a quarterly basis in 3Q19.




US Markets ended the week in green, after the US President, Donald Trump, indicated that a trade deal with China could happen soon.

The US NFIB business optimism index advanced less than market forecast in October.

In the US, budget deficit widened more-than-expected for the first time in more than six years in October.

Initial jobless claims increased more than market forecast to a five-month high level in the week ended 8 November 2019.

The CPI advanced more than market consensus on an annual basis in October.

The MBA mortgage applications rebounded to a one-month high level in the week ended 8 November 2019.

The producer price index (PPI) rose more than market forecast on a yearly basis in October.

Advance retail sales advanced more than market consensus on a monthly basis in October.

Industrial production fell more than market expectations in October.

Business inventories recorded a flat reading in September.

The NY Empire State manufacturing index unexpectedly declined in November.

Manufacturing production in the US fell more than market consensus in October.




Asian Markets ended weaker last week, after Hong Kong’s economy entered into recession amid protests and trade war.

Australia’s NAB business confidence index advanced in October.

The NAB business conditions index in Australia unexpectedly climbed in October.

Australia’s Westpac consumer confidence index improved in November.

Unemployment rate in Australia advanced at par with market expectations in October.

Japan’s industrial production advanced beyond market estimates on an annual basis in September.

Japan’s GDP rose less than market anticipations on a quarterly basis in 3Q19.

The PPI in Japan dropped more than market forecast on an annual basis in October.

China’s industrial production rose on a yearly basis in October.

Retail sales advanced less than market expectations on an annual basis in October.

The house price index in China increased in October.




Image

Currency Update

The EUR ended higher against the USD, after Eurozone’s GDP grew in line with market expectations in the third quarter.
The British Pound ended stronger against the greenback, after Brexit Party leader, Neil Farage’s stated that his party would not challenge Conservative seats captured in the last election.
The US Dollar ended weaker against its major counterparts last week, on the back of positive developments in the US-China trade agreement.


Image

Jerome Powell predicts strong US growth, hints pause in rate cuts

The US Federal Reserve (Fed) Chairman, Jerome Powell, in his testimony before the Joint Economic Committee of Congress, indicated that the central bank is likely to keep its key interest rates unchanged as long as the economic conditions remain broadly consistent with its outlook of moderate economic growth, a strong labour market and inflation target of 2.0%. Also, he stated that he expects the US economy to keep growing at a solid pace, though it still faces risks from slower overseas growth and trade tensions.


Image

The Week Ahead

Going ahead this week, investors will keep a tab on the FOMC meeting minutes, the US NAHB housing market index, building permits, MBA mortgage applications, Philadelphia Fed manufacturing index, initial jobless claims, existing home sales, the Markit manufacturing and services PMIs along with UK’s CBI total trend orders, public sector net borrowing for further direction. Additionally, the European Central Bank monetary policy meeting, Eurozone’s consumer confidence index, current account balance, construction output, the Markit manufacturing and services PMIs across the Eurozone along with Germany’s GDP, PPI 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 22 4919 5200

×

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.