Fundamental Analysis – 28/09/2015

Good Evening,

Emerging-market stocks fell, extending the biggest weekly drop in five weeks, as a slump in Chinese industrial companies’ profits and prospects of higher U.S. Bank of Japan Governor Haruhiko Kuroda on Monday added pressure on Japanese businesses to raise wages more aggressively, saying the Central Bank would otherwise fail to hit its key target of 2% inflation. EURJPY trading at 134.53 while USDJPY trading at 119.72.

European stock markets kicked off the week in negative territory on Monday, with trading sentiment hurt by another weak data release from China and a continued slide in car stocks. Almost one-fourth of the value of German stocks has already been wiped out, and this crash threatens to get much worse. The Swiss competition watchdog has launched an investigation into possible collusion in the precious metals market by several major banks, the latest in a string of probes into gold, silver, platinum and palladium pricing. It is too soon for the European Central Bank to discuss expanding its asset-purchase programme because the euro zone economy is still expected to recover modestly, ECB executive board member, Lautenschlaeger said on Monday. EURCHF trading at 1.0934 while EURGP trading at 0.7389.

The U.S. economy is gathering momentum but the Federal Reserve still has a close eye on risks, Fed governor Daniel Tarullo said Monday. Fed’s Dudley expects the Fed to hike later this year. United States Core Personal Consumption Expenditure - Price Index (YoY): 1.3% (August) vs 1.2%. United States Personal Spending registered at 0.4% above expectations (0.3%) in August. United States Core Personal Consumption Expenditure - Price Index (MoM) meets forecasts (0.1%) in August. EURUSD trading at 1.1239 while Oil trading at 44.77.

Daily Performances (3.45 pm. GMT);

 I hope you all have a nice evening.

 All the figures are as at the writing time.