Market news

17 August 2018
  • 12:48

    Wall Street. Stocks before the bell

    Wall Street. Stocks before the bell

    (company / ticker / price / change ($/%) / volume)


    ALCOA INC.

    AA

    41.25

    -0.20(-0.48%)

    400

    Amazon.com Inc., NASDAQ

    AMZN

    1,882.12

    -4.40(-0.23%)

    24715

    Apple Inc.

    AAPL

    212.97

    -0.35(-0.16%)

    96630

    AT&T Inc

    T

    33

    -0.09(-0.27%)

    4852

    Chevron Corp

    CVX

    118.06

    0.40(0.34%)

    500

    Citigroup Inc., NYSE

    C

    69.3

    -0.26(-0.37%)

    2900

    Deere & Company, NYSE

    DE

    133.2

    -4.15(-3.02%)

    96220

    Ford Motor Co.

    F

    9.53

    0.02(0.21%)

    17163

    Goldman Sachs

    GS

    232.8

    -0.20(-0.09%)

    1497

    Google Inc.

    GOOG

    1,202.27

    -4.22(-0.35%)

    1588

    Intel Corp

    INTC

    47.05

    -0.12(-0.25%)

    11166

    Merck & Co Inc

    MRK

    68.88

    0.03(0.04%)

    500

    Microsoft Corp

    MSFT

    107.38

    -0.26(-0.24%)

    19124

    Twitter, Inc., NYSE

    TWTR

    32.84

    0.01(0.03%)

    59841

    Visa

    V

    140.62

    -0.03(-0.02%)

    2513

    Wal-Mart Stores Inc

    WMT

    98.25

    -0.39(-0.40%)

    34429

    Walt Disney Co

    DIS

    112.8

    0.32(0.28%)

    1439

  • 12:42

    Target price changes before the market open

    Wal-Mart (WMT) target raised to $107 at Telsey Advisory Group

    General Motors (GM) target lowered to $46 from $50 at Morgan Stanley; Overweight

  • 12:41

    Downgrades before the market open

    Wal-Mart (WMT) downgraded to Outperform from Strong Buy at Raymond James

  • 12:35

    Foreign investment in Canadian securities totalled $11.5 billion in June, up from $3.0 billion in May

    Foreign investment in Canadian securities totalled $11.5 billion in June, up from $3.0 billion in May. At the same time, Canadian investment in foreign securities increased to $11.3 billion, the largest investment since January 2018.

    As a result, international transactions in securities generated a net inflow of funds of $256 million in the Canadian economy in June, for a total of $7.6 billion in the second quarter.

  • 12:34

    Canadian inflation rose way more than expected in July

    The Consumer Price Index (CPI) rose 3.0% on a year-over-year basis in July, following a 2.5% increase in June. While continued strength in energy prices contributed most to the year-over-year increase, higher prices for various services, including air transportation and travel tours, also contributed to consumer price growth in July.

    The Bank of Canada's preferred measures of core inflation remained stable in July. All eight major components rose year over year in July. The transportation index (+8.1%) was the largest contributor to the year-over-year increase

  • 12:30

    Canada: Foreign Securities Purchases, June 11.55 (forecast 4.91)

  • 12:30

    Canada: Consumer price index, y/y, July 3% (forecast 2.5%)

  • 12:30

    Canada: Consumer Price Index m / m, July 0.5% (forecast 0.1%)

  • 12:30

    Canada: Bank of Canada Consumer Price Index Core, y/y, July 1.6% (forecast 1.3%)

  • 11:58

    In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. @realDonaldTrump

    In speaking with some of the world's top business leaders I asked what it is that would make business (jobs) even better in the U.S. "Stop quarterly reporting & go to a six month system," said one. That would allow greater flexibility & save money. I have asked the SEC to study!

  • 11:40

    Company News: Deere (DE) quarterly earnings miss analysts’ estimate

    Deere (DE) reported Q3 FY 2018 earnings of $2.59 per share (versus $1.97 in Q3 FY 2017), missing analysts' consensus estimate of $2.75.

    The company's quarterly revenues amounted to $9.286 bln (+35.9% y/y), beating analysts' consensus estimate of $9.182 bln.

    The company also issued downside guidance for Q4, projecting revenues of ~$8.58 bln (+21%) versus analysts' consensus estimate of $8.82 bln.

    DE fell to $131.00 (-4.62%) in pre-market trading.

  • 11:33

    Turkey's Consumer Confidence Index weakens in August

    Consumer confidence in Turkey is weakening to the lowest level, so far observed this year, according to the Turkish Statistics Office.

    The consumer confidence index fell to 68.3 in August from 73.1 in July. This was the weakest result since December 2017.

    All components of the index deteriorated in August compared with the previous month. The indicator, which measures the expected financial position of households, fell to 85.5 from 92.0 a month ago.

    Similarly, expectations for the overall economic situation worsened: the index fell to 88.3 from 96.3 in the previous month.

    The employment index fell to 74.1 in August from 76.9 a month ago. The savings probability index was 25.3 versus 27.1, recorded in July.

  • 09:34

    The dollar's cyclical macro dynamics "have peaked" in the second quarter, ING analysts say

    The dollar's cyclical macro dynamics "have peaked" in the second quarter, ING analysts say. But the "ample degree of geopolitical noise bubbling in the background" is the reason why the it hasn't started to fall yet, they say.

    "Leading U.S. activity indicators have been coming off the boil in the past month, while U.S. import and export price data earlier in the week also showed that the economy may be starting to feel the bite of Trump's tariff war." Without the U.S.-China trade dispute in the background, "this may have weighed on the dollar more explicitly." But for now, "troubles elsewhere are keeping the dollar aloft." - via WSJ

  • 09:07

    The euro area annual inflation rate was 2.1% in July 2018, up from 2.0% in June

    The euro area annual inflation rate was 2.1% in July 2018, up from 2.0% in June 2018. A year earlier, the rate was 1.3%. European Union annual inflation was 2.2% in July 2018, up from 2.1% in June. A year earlier, the rate was 1.5%. These figures are published by Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Greece (0.8%), Denmark (0.9%) and Ireland (1.0%). The highest annual rates were recorded in Romania (4.3%), Bulgaria (3.6%), Hungary (3.4%) and Estonia (3.3%). Compared with June 2018, annual inflation fell in nine Member States, remained stable in six and rose in thirteen. In July 2018, the highest contribution to the annual euro area inflation rate came from energy (+0.89 percentage points, pp), followed by services (+0.64 pp), food, alcohol & tobacco (+0.49 pp) and non-energy industrial goods (+0.12 pp).

  • 09:01

    Eurozone: Harmonized CPI ex EFAT, Y/Y, July 1.1% (forecast 1.1%)

  • 09:00

    Eurozone: Harmonized CPI, Y/Y, July 2.1% (forecast 2.1%)

  • 09:00

    Eurozone: Harmonized CPI, July -0.3% (forecast -0.3%)

  • 08:09

    In June 2018 the current account of the euro area recorded a surplus of €24 billion

    In June 2018 the current account of the euro area recorded a surplus of €24 billion, the same amount as in May 2018.

    In the 12-month period to June 2018, the current account recorded a surplus of €406 billion (3.6% of euro area GDP), compared with one of €352 billion (3.2% of euro area GDP) in the 12-month period to June 2017.

    In the financial account, in the 12-month period to June 2018, euro area residents made net acquisitions of foreign portfolio investment securities of €482 billion (decreasing from €495 billion in the 12 months to June 2017), while non-residents' net purchases of euro area portfolio investment securities amounted to €150 billion (down from €191 billion in the 12-month period to June 2017).

  • 08:00

    Eurozone: Current account, unadjusted, bln , June 28.5 (forecast 23.2)

  • 07:25

    FTSE +1.67 7558.05 +0.02% DAX -5.16 12232.01 -0.04% CAC +8.65 5357.67 +0.16%

  • 06:55

    Options levels on friday, August 17, 2018

    EUR/USD

    Resistance levels (open interest**, contracts)

    $1.1503 (547)

    $1.1476 (1343)

    $1.1454 (745)

    Price at time of writing this review: $1.1389

    Support levels (open interest**, contracts):

    $1.1337 (4584)

    $1.1314 (6395)

    $1.1285 (2773)


    Comments:

    - Overall open interest on the CALL options and PUT options with the expiration date September, 7 is 137220 contracts (according to data from August, 16) with the maximum number of contracts with strike price $1,1500 (10560);


    GBP/USD

    Resistance levels (open interest**, contracts)

    $1.2927 (747)

    $1.2855 (334)

    $1.2803 (133)

    Price at time of writing this review: $1.2742

    Support levels (open interest**, contracts):

    $1.2697 (3175)

    $1.2668 (1299)

    $1.2647 (1939)


    Comments:

    - Overall open interest on the CALL options with the expiration date September, 7 is 35304 contracts, with the maximum number of contracts with strike price $1,2950 (3434);

    - Overall open interest on the PUT options with the expiration date September, 7 is 32764 contracts, with the maximum number of contracts with strike price $1,2900 (3175);

    - The ratio of PUT/CALL was 0.93 versus 0.94 from the previous trading day according to data from August, 16.

    * - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

    ** - Open interest takes into account the total number of option contracts that are open at the moment.

  • 06:28

    RBA's Lowe: a lower AUD would be economically beneficial in boosting growth

  • 06:25

    Higher fuel prices contributed to rises in New Zealand's producer output prices (up 0.9 percent) and input prices (up 1.0 percent) in the June 2018 quarter

    Higher fuel prices contributed to rises in producer output prices (up 0.9 percent) and input prices (up 1.0 percent) in the June 2018 quarter, Stats NZ said today.

    Higher prices received for whole milk powder also contributed to the increase in overall output price.

    Input prices are the prices producers pay for goods and services. Output prices are the prices producers receive for their goods and services.

    Oil is a significant source of energy for New Zealand. Changes in the price of oil affect the overall prices paid by households and businesses. In New Zealand, fuel prices are affected by the prices of imported crude oil and domestic oil production, and the exchange rate.

  • 06:21

    Turkey has taken advantage of the US for many years ... We will pay nothing for the release of an innocent man, but we are cutting back on Turkey! @realDonaldTrump

    "Turkey has taken advantage of the United States for many years. They are now holding our wonderful Christian Pastor, who I must now ask to represent our Country as a great patriot hostage. We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!"

17 August 2018
Market Focus
  • The number of job openings was little changed at 6.7 million on the last business day of June
  • UK house prices in the three months to July increased by 3.3% against the same period a year earlier
  • German industrial production declined more then expected in June
  • The average of household spending in Japan was down 1.2 percent on year
Quotes
Symbol Bid Ask Time
EURUSD
GBPUSD
XAUUSD
USDCHF
AUDUSD
NZDUSD
USDCAD
USDJPY
XAGUSD
XAGEUR

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