Important Market Events for April 13, 2016

April 13, 2016

The International Monetary Fund (IMF) wants the European partners of Greece to grant Athens relief on its debt, which it perceives to be “highly unsustainable.” According to the IMF memorandum, “Despite generous concessional official financing and further reform plans … debt dynamics are projected to remain highly unsustainable.” Furthermore, the IMF draft stated that, “To restore debt sustainability, in addition to our reform efforts, decisive action by our European partners to grant further official debt relief will be essential.”

Up to 50 percent of the banks in the United States, which are considered to be “too big to fail” is said to have a key proposal rejected by regulators. The Wall Street Journal reports that federal regulators plan to reject the “living wills” sent by 4 of the 8 systematically important US banks.

Asian equity markets are edging up following the upbeat Chinese trade data. The customs department of the Asian country indicated that exports soar by 11.5 percent in USD denominated terms from March 2015, surpassing anticipations for a 2.5 percent rally. As of 1:15 AM ET, the Shanghai Composite Index surged by 2.34 percent, the Hang Seng climbed 2.80 percent, while the Nikkei shot up by 2.75 percent.

European and US stock futures are edging up by up to 1 percent during early trading. The Nasdaq gained 0.8 percent, the S&P 500 inched higher by 0.1 percent, and the Dow Jones added 0.9 percent.

Publication source
Trade12 information  Trade12 reviews

February 24, 2017
Oil prices slightly grew
Brent oil prices extended their recovery in the Asian session on Thursday. Buyers led the price higher and broke 56.50 dollars per barrel in the early European morning...
February 24, 2017
Dollar drifts on Fed's lack of optimism
FOMC February meeting minutes released on Wednesday failed to provide support for the bulls to manage a sustainable breakout above 101.50...
February 24, 2017
Can gold continue post Fed rally?
Gold jumped to a 3 month high today, snapping a 3-day losing streak today after traders digested yesterday’s minutes meeting from the US Federal Reserve...

Vantage FX Rating
OctaFX Rating
Fort Financial Services Rating
NPBFX Rating
Orbex Rating
Cms Trader Rating

First Binary Option Service Rating
Anyoption Rating
TopOption Rating
GTOptions Rating
Banc De Binary Rating
Binary Brokerz Rating