Dow Jones, FTSE 100, ASX 200 Fundamental Forecast: The Dow Jones will look to retail sales on Friday, but awaits a US-Mexico trade war solution in the interim The FTSE 100 has a slew of smaller-data pieces to watch while keeping a close eye on politics Unemployment data will influence price action for the ASX
The lower-than-expected US Nonfarm Payrolls (NFP) increases expectations of a Fed’s rate cut, sending equities up.  Easing tensions on the trade war front alos helped equities. Chinese President Xi said that a solution should be found despite the disagreements.  S&P500 daily chart The S&P500 Index is up for the fifth consecutive day this Friday as the market
The Nasdaq Composite COMP, +1.66% advanced 1.7% to 7,742. The S&P 500 SPX, +1.05% rose 1% to end near 2,873. The Dow Jones Industrial Average DJIA, +1.02% climbed 263 points, or 1%, to finish around 25,983. Wall Street was adding the week’s gains on a fourth straight daily bullish close despite the weaker-than-expected jobs report, which, only
Citi sees 50 bps in September Barclay’s is out saying they now expect a 50 bp cut by the Fed in July.   Earlier today, Citi said that they see a 50 bp cut in September with a material risk, of a 25 bp cut in July and December.  The Fed last changed policy in December,
   •  The USD remained depressed amid firming Fed rate cut expectations.   •  Fears of a further escalation in the US-China trade tensions capping gains.   •  The market focus remains on Friday’s key release of the US jobs report. The AUD/USD pair seesawed between tepid gains/minor losses and oscillated in 15-20 pips narrow trading band
100-day SMA restricts immediate declines. 61.8% Fibonacci retracement and 200-day SMA can also question buyers during the past-14,291 break. Despite being positive beyond 100-day SMA, USD/IDR lacks upside momentum as 50% Fibonacci retracement limits the quote’s strength as it takes the rounds near 14,262 during early Friday. As a result, the pair’s downside break of
Building work data comes in at +6.2% q/q central estimate was +1.1% prior revised to +3.4% from 2.7% Biggest rise in 3years Says Stats NZ: “Growth in building activity this quarter was driven by non-residential construction, including work on social and cultural buildings, offices, and universities,” volume of non-residential building activity rose 9.0 percent in
The UK FTSE does rise on the day The major European indices are closing the day mixed: German DAX, -0.22% France’s CAC, -0.26% UK’s FTSE, +0.6% Spain’s IMAX, +0.24% Italy’s FTSE MIB, +0.12% The benchmark 10 year yields are mostly lower despite Draghi’s assertion that market pricing reflects something even worse than a trade war.   ForexLive
Latest data released by Markit – 6 June 2019 Prior 53.0 ForexLive Slight drop in construction activity as the headline reading hits a four-month low. Of note, new orders fell for the first time since August last year so that points to some near-term downside risks in the construction sector. A minor data point though.