Ukushayela kwe-Morning Roll
Can the Jackson Hole Symposium stop digging the USA economy into an early grave?
The markets reacted predictably to the FOMC minutes published on Wednesday. The DJIA falling 105 points to fall through S2 and critically crash through the psyche barrier of 15,000 to finally close at 14,897. The SPX 500 followed suit by closing down 0.58%. The NASDAQ closed down 0.38%.
Ubukhulu bokuwa kwemakethe yamasonto amabili yakamuva, ngenxa yokuqagela okwakudlangile maqondana nokuthwebula, akumele kubhekelwe phansi njengoba i-DJIA yayinyathelisa unyaka nonyaka ngamanani aphezulu omlando ka-15658 ekuqaleni kwenyanga ka-Agasti. Lokhu kwehla akukwazi ukuthathwa njengokufakwa kabusha kwezobuchwepheshe, noma ukuwa ngokuhambisana namaphethini wegagasi lemizwa. Kumane nje kuyisibonelo sokuwa esizobonakala uma isitsha sokuvuselela seFed sesisuswe ekugcineni kwetafula lamabhange okutshalwa kwezimali. Ukuvalwa kwamaphuzu angama-800 kuwela ngaphakathi kwamasonto amabili nantathu akuyona into engakaze yenzeke, kepha kuzobe sekushiye abaningi abafike sekwephuzile embuthanweni wezwe owedlule bedaluliwe futhi benovalo kakhulu…
Izimakethe zaseYurophu zabona okubomvu ngaphandle okumbalwa kakhulu ngesikhathi sokuhweba sangoLwesithathu. I-STOXX ivale u-0.48%, i-UK FTSE ivale u-0.97% obalulekile, i-CAC yehla ngo-0.34%, i-DAX yehla ngo-0.18%. Inkomba engaqondakali kwakuyi-exchange enkulu yase-Athene eyaphikisana nezingqinamba ngokuvala u-0.85% ngosuku. Abatshalizimali bayazethemba maqondana nokuhambela okuzayo kwe-troika kanye namalungu e-Eurogroup, afuna ukuthola izizathu zokuqhubeka nemali yokubuyisa uma benelisekile ngoshintsho olusebenzayo lweGreece.
Ikusasa lenkomba ye-equity
Uma ubheka ikusasa lezinkomba zamasheya i-DJIA okwamanje yehle ngo-0.12%, i-SPX yehla ngo-0.-3% kwathi i-NASDAQ yehla ngo-0.03%, okuphakamisa ukuthi izimakethe zase-USA zizoba zimbi lapho iNew York ivula esimisweni santambama. Ngokufanayo ikusasa lezinkomba zokulingana laseYurophu liphansi futhi libaluleke kakhulu. Ikusasa le-index ye-equity index yase-UK lehle ngo-0.75%, i-CAC yehla ngo-0.37%, i-DAX yehla ngo-0.9%. Nakulokhu futhi ukushintshana kwe-Athene okuphula isikhunta; njengamanje inyuke ngo-2.64%.
Commodities suffered significant losses in the two trading sessions on Wednesday
ICE WTI oil closed down 1.2% at $103.85 per barrel, NYMEX natural closed down 0.12% at $3.46 per therm. COMEX gold closed down 1.01% at $1356 per ounce whilst silver closed down 1.76% on COMEX at $22.60 per ounce.
Forex kugxilwe
I-loonie yehle ngamaphesenti angu-0.8 yaya ku-C $ 1.0474 ngedola laseMelika ngasekupheleni kweToronto ngemuva kokuthinta i-C $ 1.0483, okuyizinga elibuthakathaka elibonwe kusukela ngoJulayi 10. Idola elilodwa laseCanada lithenga amasenti angama-95.48 ase-US. Ikusasa likawoyela ongahluziwe lehle usuku lwesithathu ngokulandelana ngemuva kokuhambisa amaphesenti ama-2 izolo, inani elikhulu kakhulu kusukela ngoJuni 20. Behle ngamaphesenti angu-1 ngoLwesithathu baya ku- $ 103.86 emgqonyeni eNew York, okuyisibalo esiphansi kunazo zonke kusukela ngo-Agasti 9, ngemuva kokuthola ukuphakama kwezinyanga eziyi-16 ezingama- $ 109.32 ngoJulayi.
ISterling ayiguqulwanga kancane ngo- $ 1.5673 sekwephuzile esimisweni saseLondon ngemuva kokukhuphukela ku- $ 1.5701, okuyizinga eliphakeme kakhulu elibonwe kusukela ngoJuni 18. Imali yase-UK ithuthukise amaphesenti ama-0.5 kuya kuma-85.22 pence nge-euro ngayinye ngemuva kokuthola i-85.05 ngo-Aug 15th, ephezulu kakhulu kusukela ngoJulayi 3. I-Sterling ikhuphuke yaya ezinyangeni ezimbili iqhathaniswa nedola ngaphambi kokuthi iFederal Reserve ikhiphe imizuzu yayo.
The U.S. Dollar Index, which tracks the greenback versus 10 major peers, rallied 0.6 percent to 1,026.73 late in the New York session, the biggest gain on a closing-basis since Aug 1st.
The dollar rose 0.4 percent to 97.68 yen after gaining 0.7 percent, the biggest advance in a week. The U.S. currency gained 0.5 percent to $1.3355 per euro, halting a two-day decline. The euro was little changed at 130.46 yen.
Fundamental policy decisions and high impact news events that could affect sentiment on Thursday August 22nd
PMIs published courtesy of Markit Economics dominate the high impact news events on Thursday. The first publication (in the overnight Asian session) will be HSBC’s flash manufacturing PMI predicted to print at 48.3.
In the morning European session both the French service and manufacturing PMIs are published, as is the German data for both PMIs. Europe’s flash PMIs for both sectors are also published with the market looking for growth above the line of 50 separating growth from contraction. The USA completes the PMIs for the day with the flash manufacturing data predicted to print at 54.1.
Once into the New York session the latest unemployment claims numbers will be published, the expectation is for a number of 329K, however, there may be some adjustment to the previous number which could affect sentiment.
I-Jackson Hole Symposium izoqala ngosuku lokuqala lomhlangano wezinsuku ezintathu, uNobhala Wezezimali uLew uzobamba inkantolo. I-Economic Symposium, ebanjelwe eJackson Hole, eWyoming, ihanjelwa ngababhange abaphakathi, ongqongqoshe bezezimali, izifundiswa kanye nabahlanganyeli bezimakethe zezimali abavela emhlabeni wonke. Imihlangano ivaliwe kwabezindaba kepha izikhulu zivame ukukhuluma nezintatheli usuku lonke. Ukuphawula nezinkulumo ezivela kubaphathi bamabhange abaphakathi nezinye izikhulu ezinamandla kungadala ukuguquguquka kwemakethe okuphawulekayo.
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