Fundamental Analysis – 03/11/2015

Nov 03

FUNDAMENTAL ANALYSIS BY NSFX 03.11.2015

  • BY:
  • November, 03rd, 2015 3:23 +00:00

Good Morning,

The dominant question in the past week was then whether US interest rates remain low. US stocks continue rallying into November. Wall Street was higher on Monday as data showed factory activity was beginning to stabilize in key countries and health care stocks rallied. Canada RBC Manufacturing PMI dipped from previous 48.6 to 48 in October. United States Markit Manufacturing PMI above expectations (54) in October: Actual (54.1). USDCHF is trading at 0.9870 while GBPUSD is trading at 1.5414.

EURUSD was up slightly on Monday after comments from two members of the European Central Bank’s governing council lowered expectations for increasing its bond purchase program next month. U.S. and European stocks climbed on Monday after mixed U.S. economic data and slightly stronger than expected German factory activity, even as weak Chinese data dragged down Asian markets. EURUSD is trading at 1.1012 while USDCAD is trading at 1.3099. 

Stocks fell in Asia on Monday after further evidence of economic slowdown in China. United Kingdom Markit Manufacturing PMI registered at 55.5 above expectations (51.3) in October. GBPCHF is trading at 1.5205 while EURCHF is trading at 1.0867.

Daily Performances (00.00 am. GMT); 

Currencies / Indices / Commodities

Performance

USDCAD

0.21%

Russell 2000 Index

2.09%

S&P / TSX 60 Index

0.57%

Wig 20

0.83%

USDCHF

0.04%

GBPUSD

-          0.05%

EURUSD

0.09%

EURGBP

0.22%

Athex Composite Share Pr

3.08%

OMX Copenhagen Index

0.74%

NYSE Composite Index

1.16%

Dow Jones Industrial Average

0.86%

S&P 500

1.19%

Nasdaq Composite Index

1.44%

FTSE 100 Index

0.01%

DAX Index

0.93%

CAC 40 Index

0.38%

I hope you all have a nice day.

All the figures are as at the writing time.