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)

If you are looking for a course in finance, check out my video course in Portfolio Analysis:

Quick and Easy Portfolio Analysis Video Course

and Facebook page for other information:

Quick&Easy Finance

Comments

Post a Comment

Popular posts from this blog

Summary for the 2nd of October -Weaker manufacturing outlook

Last week’s flash PMI estimates for the EU area and yesterday’ final PMI numbers are indicating that the weakening in the manufacturing sector isn’t country specific, but rather the weakening is across countries. The decline in Germany’s manufacturing sector is less than expected by the financial markets, while the decline in France is higher than expected. The same goes for Spain and Italy. The UK’s PMI index has increased by 0.9 to 48.3 and is more than expected, though 48.3 still indicates a weaker outlook. The US Manufacturing PMI has increased to 51.1 while the ISM index declines by 1.3 percent to 47.8, the lowest value since 2009. Despite weakening activities in the manufacturing sector for the developed countries, for the developing countries the outlook is still positive. The global PMI value in the manufacturing sector has risen from August to September. Past months’ decline has been due to weaker growth in the global trade. The WTO has updated its global trade forecast
Read more

Summary for the 15th of October

China’s balance of trade shows a fall in exports by 3.2 percent, comparing to a year ago and the imports fall by 8.5 percent, the first fall since May this year. China is the largest contributor to world economic growth, through the weaker imports, China’s economic decline is affecting the rest of the world economy, such as the Euro area. The Euro area’s industrial production for  August has risen by a little more than the markets have expected. The industrial production in the Euro area has been weakening since the start of 2018. Finland is currently holding the council of the EU presidency. At a press conference with the European Council President elect, Charles Michel, the Finnish prime minister, Antti Rinne, says that The EU needs more time to reach a Brexit agreement. Boris Johnson is hoping to seal a Brexit deal before the EU summit on Thursday, so that he will be able to present it to the British Parliament on Saturday for approval, in doing so, he won’t need to postpone B
Read more

Summary for the 21st of October Brexit drama

On Saturday, the British parliament is withholding the final decision of the revised Brexit deal and forcing Boris Johnson to ask the European Council for an extension to the 31 st of January. Instead the parliament has greed on Oliver Letwin’ amendment, which states that there wont be a no deal Brexit until the parliament has agreed on the revised Brexit deal this week. And on Saturday night, Boris Johnson has sent an unsigned letter to the European Council asking for a Brexit delay as well as a personal letter to the Council asking the EU leaders not to delay Brexit. The US stock exchange has closed in negative on Friday after Johnson & Johnson has to recall 33 000 bottles of baby powder in the US after health regulators found trace amounts of asbestos in a bottle purchased online. Boeing has admitted that two of its employers in 2016 misled the FAA about the 737 Max and its technical system. Weaker than expected Chinese economic indicators also contributes to the negative
Read more