Summary for the 24th of January 2019


The Nikkei Manufacturing PMI shows a fall in Japanese manufacturing sector to 50 from 52.6.

The U.S stock market rose yesterday while the European stock index, Stoxx600 fell by 0.1%. The stock markets in Asia also rose today.

The French Business Climate, a survey of current business condition in France, released by INSEE, shows an unchanged value of 103 in January from December. The value has been falling on the second half of 2018.

The Consumer Confidence released by the European Commission shows a pessimistic outlook in the EU, though the value is rising from December to January in the EU Area, but the December value has been revised down heavily. The value is about the same level as it was in 2015-2016.

U.S Housing Price Index, released by the FHFA shows a rise by 0.4% from October to November. The October value got revised up from 0.3% to 0.4%.  Twelve months growth remains unchanged of 5.8%. The U.S housing market seems strong and coincide with the fundamentals. The price growth of 7.7% that was at the beginning of 2018 made the experts a little worried of an imbalanced housing market, but as 2018 went on, the price stabilized. The growth in housing construction activities doesn’t give any indicators to be worried.

Indices on 23rd and 24th  of January:

Dow: +0.7% (23rd)
S&P 500: +0.2% (23rd )
Nasdaq: +0.1% (23rd)
Nikkei: -0.1% (24th)
Chinese indices: +0.6% (24th)

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