Fundamental Analysis – 12/11/2015

Nov 12

FUNDAMENTAL ANALYSIS BY NSFX 12.11.2015

  • BY:
  • November, 12th, 2015 0:05 +00:00

Good Morning,

United Kingdom Average Earnings including Bonus (3Mo/Yr) came in at 3% below forecasts (3.2%) in September. European shares were rising boosted by a spate of well received earnings reports, with beverage firm Carlsberg higher after its new management outlined restructuring plans. BoE Governor Mark Carney signalled that he was in no hurry to raise interest rates, and flagged risks to UK growth from external developments. USDCHF is trading at 1.0054 while GBPUSD is trading at 1.5192.

EURUSD continues to drift this week, as the pair trades at 1.0735. Gold is showing limited movement on Wednesday, as the metal trades at a spot price of 1088.04. The US 2 year premium over Germany has edged higher still today. EURUSD is trading at 1.0735 while USDCAD is trading at 1.3242.

Official data on industrial production, retail sales and urban fixed asset investment released by the National Bureau of Statistics on November 11 confirm that China’s value added industrial output, the traditional economic drivers expanded by 5.6% annually in October, down from 5.7% in September. A survey report from Japan’s Cabinet Office showed the first improvement in three months in sentiment among so called economy watchers for October. GBPCHF is trading at 1.5269 while EURCHF is trading at 1.0795.

Daily Performances (00.00 am. GMT); 

 

Currencies / Indices / Commodities

Performance

USDCAD

-          0.20%

USDCHF

-          0.09%

GBPUSD

0.50%

EURUSD

0.13%

EURGBP

-          0.38%

Athex Composite Share Pr

-          0.53%

OMX Copenhagen Index

1.40%

FTSE 100 Index

0.71%

CAC 40 Index

1.03%

BIST 100 Index

1.20%

DAX Index

1.24%

IBEX 35 Index

1.10%

Malta Stock Exchange Index

-          0.14%

Euro Stoxx 50 Pr

1.12%

 

I hope you all have a nice day.

 

All the figures are as at the writing time.