Important Market Events for April 6, 2016

6 April, 2016

Here are the most important events in the financial markets that every trader should know:

Global Equities Mixed

The Dow Jones Shanghai edged lower by 0.49 percent and Japan’s Nikkei 225 dipped 0.25 percent as the China services PMI data kept losses from hitting the levels of the significant decline in the United States. Meanwhile, the S&P/ASX All Australian 200 rallied by 0.44 percent.

At 7:01 AM ET today, stocks in Europe gained with the European benchmark Euro Stoxx 50 climbing by 0.36 percent, the German DAX surging 0.02 percent, the CAC 40 adding 0.55 percent, and the FTSE 100 soaring 0.52 percent.

US equities also gained slightly, as Dow futures inched higher by 0.27 percent, NASDAQ 100 futures advanced 0.34 percent, and S&P 500 futures rose 0.33 percent at 7:02 AM ET.

Caixin China Services PMI Strengthens

The Caixin China general services PMI grew at a faster than expected pace, even though the employment component post its first contraction since the month of August in 2013.

Regardless of this, the figures reflected that the most rapid economic growth for China in 11 months, muting concerns over China’s economic slowdown.

Oil Rebounds on Decline in Inventories

On Tuesday, the American Petroleum Institute stated that crude oil inventories dropped 4.3 million barrels at the end of the prior week. This information came as a surprise for market analysts who were expecting a build of 2.9 million barrels.

Investors will now focus on the weekly inventories report of the US Energy Information Administration today, with analysts anticipating a build of 3.5 million barrels to a fresh record high.


Source link  
Gold Gains Ahead Of US Jobs Data

Market players kept their guards up as they await the US labor data report, a strong reading of which could urge the Federal Reserve to increase interest rates this month – a decision that would be bearish for non-interest bearing gold...

US Inflation Data Projected To Surge

The US economic growth has been sluggish in the first quarter, although not as strongly as initially expected, amid an increase in spending on home architecture and a constant increase in inventory investment by business...

Goldman Sachs: Market Flips into Deficit, Oil Surges

Oil prices increased more than 1 percent on Monday after Goldman Sachs stated that the market has ended for nearly two years of oversupply subsequent to a global oil disruptions and a market deficit...


AUD, NZD Edge Higher but Gains Still Limited

The Australian and New Zealand dollars rallied against the greenback on Wednesday, but gains were anticipated to stay capped by lower prices of crude oil...

World Stock Markets Soar

World stock markets rallied on Tuesday, fueled by a strong corporate earnings in Europe, including improvements on Greek debt talks and Japan’s new pledge in preparation to a weaker currency...

Gold Rallies as USD Plunges to 16-month Lows

Gold prices ticked higher as the greenback slid to 16-month lows during the session earlier. On the Comex division of the New York Mercantile Exchange, gold delivery for June rallied at $1,303.85 per troy ounce, advancing $6.55 or 0.51 percent...


Asian Shares Tumble, Nikkei Falls Against Yen

Analysts forecast that Germany DAX would hit 0.06 percent higher when the market opens, while France’s CAC 40 was anticipated to remain steady. Meanwhile, UK markets are closed due to a public holiday.

US Stocks Down after BOJ Hold Interest Rate

Shares in the U.S. plummeted following the decline of the stocks in the Asian market as the Bank of Japan left the interest rate unchanged...

U.S. futures Slides Ahead of Data Flow

Wall Street futures dropped on Friday after the Dow issued its first decline of more than 1% in two months, while investors are closely watching on data...

  


Share: