Fundamental Analysis / 08 – 09 – 2015

Good Evening,

Late rebound in China's stock markets led global equities generally higher today.

European indices follow with DAX up 1.61%, CAC 40 up 1.07% and FTSE 100 up 1.18%. Japan's Nikkei 225 stock index sank 2.43%. S&P 500 has been raised by 1.58% in the writing time.

Chinese imports fell 13.8% from a year earlier, more than the 8.2% drop economists had expected. Exports in August dropped 5.5% from a year earlier. China's Shanghai Composite Index jumped 2.92% in a rebound from losses earlier in the day. The gains in Chinese stocks have been attributed to buying by government agencies aiming to halt a dramatic sell-off that began in June. U.S. stocks rallied after the Labor Day holiday, following gains in Europe and China. The buying by Chinese government agencies has become effected. USDJPY trading at 119.82.

Germany's trade surplus, adjusted for seasonal swings and calendar effects, swelled to 22.8 billion euros ($25.6 billion) in July from a revised EUR22.1 billion in June, the federal statistical office said Tuesday. That was the highest surplus since records began in January 1991, and above forecasts of EUR22.3 billion in a survey of economists by The Wall Street Journal.

Seasonally adjusted GDP raised by 0.4% in the euro area during the second quarter of 2015, compared with the previous quarter, according to a second estimate published by Eurostat, the statistical office of the European Union.

AUDUSD trading at 0.7033 while NZDUSD trades at 0.6347. EURGBP trading at 0.7268 and USDCAD trading at 1.3199. USOIL (46.27) and Precious-Gold (1,125.09) rise on data.

I hope you all have a nice day.