Fundamental Analysis – 11/09/2015

Sep 11


  • BY:
  • September, 11th, 2015 16:30 +00:00


Good Evening,


The wholesale prices in the US measured by the Producer Price Index (PPI) were little changed in August even though fuel costs continued to drop in line with the weakness in crude prices. PPI in August remained unchanged following a 0.2% rise seen in July. United States Reuters/Michigan Consumer Sentiment Index came in at 85.7, below expectations (91.2) in September. EURUSD trading at 1.1327. USOIL trading at 45.40 while Precious-Gold trading at 1,102.29.


The overall FAO Food Price Index fell 5.2 percent compared to July, its biggest one-month decline since December 2008, with prices pushed lower by strong production in most food commodity groups.


The Shanghai Composite Index SHCOMP, +0.07%, which hasn’t had an up week in about a month, while stocks in Hong Kong HSI, -0.27% down. CSI300 index was down 0.31%. Japan’s Nikkei was 0.19% lower. USDJPY trading at 120.62.


The cost of living as measured by the consumer price index (CPI) in Germany was 0.2% higher in August 2015 from August 2014. Italy Industrial Output s.a. (MoM) came in at 1.1%, above forecasts (0.5%) in July. United Kingdom Consumer Inflation Expectations fell from previous 2.2% to 2%.


European equity markets fell on Friday as a lack of fresh catalysts led investors to shift their focus to next week's Federal Reserve meeting. The benchmark Stoxx Europe 600 index was down 0.95%, France's CAC was 1.04% lower and Germany's DAX was down 0.85%. FTSE 100 was down 0.62%. GBPUSD trading at 1.5425.


I hope you all have a nice evening.

All the figures are as at the writing time.