Market Weekly: July 24-28-2017

Viewing 15 posts - 1 through 15 (of 58 total)
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  • #10486
    Assistanc3
    Participant

    [article]68[/article]

    #10490
    Helmholtz Watson
    Participant

    Thank you – enjoy your report very helpful and the different earnings previews on the site – the GE one was very predictive. Just read the GOOGL preview. Cheers to others on the site. Look forward to it growing. I do dabble in Gold and Silver and have played with some bitcoin, look forward to more there.

    Some big earnings this week with these dreaded FANG’s and Exxon among others. I do enjoy the DRY’s update – what a metaphor for the Titanic, or is the other way around. Cheers all!

    #10491

    ^^^ +3 to the chief … thank you for insight for week ahead 8)

    #10501
    Assistanc3
    Participant

    Good morning, hope everyone is having a great weekend

    The TC forum and website is coming along stupendously
    few more tweaks and fixes are still needed but after that I believe the articles, market commentary and data will be set to a more routine function of the site.

    If there is any data someone would like added to the weekly market preview, it can be added. I’m thinking the global indices weekly change would be something that should be there along with the U.S. majors. When we did the market preview on my site, we didn’t really cover much outside of North America but Traders Community clearly goes beyond the scope of just N.A.

    #10507
    ThePitBoss
    Participant

    Have to say kudos – am loving the new site and doing my best to keep up with stocks and energies 🙂 On the global I think UK & Europe (the major markets), Asia, Mid East and Australia are the main areas. Particularly the energy and oil gas producers and users for mine. I guess you could throw in Russia apparently its topical at the moment.

    #10528

    Only a little MINOR profit taking so far … markets seem to be in wait-and-see mode as more earnings reports materialize … so far so good today 🙂

    #10535
    ThePitBoss
    Participant

    The European major stock indices closes:

    France CAC up 0.01%
    German DAX down -0.35%
    Italy FTSE MIB up 0.59%
    Portugal PSI20 down -0.61%
    Spain’s Ibex up 0.04%
    UK FTSE down -1.25%

    #10536
    ThePitBoss
    Participant

    Another day for the tech fans ahead of Google;

    Nasdaq record close up 23.05 points or +0.36%.
    S&P down -2.45 points or -0.10%
    Dow down -56.43 or -0.26%.

    #10542
    ClemSnide
    Participant

    [quote=”ThePitBoss” post=258]Another day for the tech fans ahead of Google;

    Nasdaq record close up 23.05 points or +0.36%.
    S&P down -2.45 points or -0.10%
    Dow down -56.43 or -0.26%.[/quote]

    Google down 3% After earnings NDX futures down some on it – see whatever the morning brings ..

    #10543
    Assistanc3
    Participant

    Oil futures are on the rise again today on new hopes for market balance, a day after an OPEC meeting that drew promises from Saudi Arabia and Nigeria to cut back on exports and production.

    Light sweet crude is up 0.6% in Globex electronic trading, to $46.62/barrel, and Brent crude is up 0.6% to $48.87 in London trading.

    #10544
    Assistanc3
    Participant

    Tuesday’s U.S. economic calendar

    FOMC meeting begins
    8:55 Redbook Chain Store Sales
    9:00 FHFA House Price Index
    9:00 S&P Corelogic Case-Shiller Home Price Index
    10:00 Consumer Confidence
    10:00 Richmond Fed Mfg.
    10:00 State Street Investor Confidence Index
    1:00 PM Results of $26B, 2-Year Note Auction

    #10545
    Assistanc3
    Participant

    India Stocks at Record High as Nifty 50 Briefly Hits 10,000 Mark
    9,953.30 -13.10 (-0.13%)
    [size=2]Open 10,010.55
    High 10,011.30
    Low 9,950.45[/size]

    #10546
    Assistanc3
    Participant

    UK CBI Business Optimism Jul: 5 (est 0; prev 1)
    UK CBI Trends Total Orders Jul: 10 (est 12; prev 16)

    Production among UK manufacturers grew at the fastest pace since January 1995 in the three months to July, according to the latest quarterly CBI Industrial Trends SurveyCBI Industrial Trends Survey.

    “It’s great to see the benefits from the decline in sterling for UK exporters feeding through. But the flipside is the broader hit to consumer spending power across the economy from stronger inflation, which is likely to have fuelled the slowdown in the economy in Q1 and is expected to pull down growth in Q2.”

    [spoiler=Key findings]
    18% of firms said they were more optimistic about the general business situation than three months ago and 13% were less optimistic, giving a balance of +5%. Optimism about export prospects for the year ahead grew (+13%) at a solid pace

    43% of firms said the volume of output over the past three months was up and 12% said it was down, giving a balance of +31%, the highest since January 1995 (+33%)

    35% of businesses reported an increase in total orders, and 21% a decrease, giving a balance of +14%

    Domestic orders (+19%), expanded at a broadly similar pace to the previous quarter, with export orders growth remaining strong, despite slowing (+17%)

    32% of manufacturers said employee numbers were up, and 13% said they were down, giving a rounded balance of +18% – the highest since July 2014 (+26%)

    Average unit costs grew at a more subdued pace (+20%). Growth in average domestic prices (+21%) and average export prices (+24%) was broadly unchanged

    Stock building of raw materials (+20%) was the strongest since April 1977 (+22%), whilst stocks of work-in-progress rose (+16%).
    [/spoiler]

    #10549
    ClemSnide
    Participant

    [quote=”Assistanc3″ post=268]UK CBI Business Optimism Jul: 5 (est 0; prev 1)
    UK CBI Trends Total Orders Jul: 10 (est 12; prev 16)

    Production among UK manufacturers grew at the fastest pace since January 1995 in the three months to July, according to the latest quarterly CBI Industrial Trends SurveyCBI Industrial Trends Survey.

    “It’s great to see the benefits from the decline in sterling for UK exporters feeding through. But the flipside is the broader hit to consumer spending power across the economy from stronger inflation, which is likely to have fuelled the slowdown in the economy in Q1 and is expected to pull down growth in Q2.”

    [spoiler=Key findings]
    18% of firms said they were more optimistic about the general business situation than three months ago and 13% were less optimistic, giving a balance of +5%. Optimism about export prospects for the year ahead grew (+13%) at a solid pace

    43% of firms said the volume of output over the past three months was up and 12% said it was down, giving a balance of +31%, the highest since January 1995 (+33%)

    35% of businesses reported an increase in total orders, and 21% a decrease, giving a balance of +14%

    Domestic orders (+19%), expanded at a broadly similar pace to the previous quarter, with export orders growth remaining strong, despite slowing (+17%)

    32% of manufacturers said employee numbers were up, and 13% said they were down, giving a rounded balance of +18% – the highest since July 2014 (+26%)

    Average unit costs grew at a more subdued pace (+20%). Growth in average domestic prices (+21%) and average export prices (+24%) was broadly unchanged

    Stock building of raw materials (+20%) was the strongest since April 1977 (+22%), whilst stocks of work-in-progress rose (+16%).
    [/spoiler][/quote]

    Good to see a benefit from the low pound already – irks me that the US never benefited as it should when it’s dollar was weak all those years.

    #10552
    Assistanc3
    Participant

    At the open

    Dow +0.69% to 21,662.29. S&P +0.39% to 2,479.42. Nasdaq -0.07% to 6,406.27.
    Treasurys: 30-year -0.67%. 10-yr -0.29%. 5-yr -0.14%.
    Commodities: Crude +2.16% to $47.34. Gold -0.16% to $1,252.28.
    Currencies: Euro +0.36% vs. dollar. Yen +0.37%. Pound -0.2%

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