Daily Video Review - 09/09
- Donald Herison
- English
- MARKETS NEWS
- Hits: 1401
Hooray! Global stock markets are marching ahead and Japan's Nikkei index has surged by nearly 8%.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. Jumping Japan
Investors around the world are marveling over Japan's huge one-day rally, with the Nikkei 225 index closing up 7.7%. This is the index's biggest leap in a session since October 2008.
Many are speculating about the reason behind the surge, but there's no clear cut answer.
"We can only conclude that either Japanese equities' pricing was irrational yesterday, or it is irrational today," said Paul Donovan, a senior economist at UBS.
2. Stock market surge
Other global stock markets are also rallying Wednesday and U.S. stock futures are all up by just over 1%.
Investors seem to be bidding shares higher as they pin their hopes on the possibility that the Federal Reserve will bow to pressure and hold off raising interest rates this month. The chief economist at the World Bank joined the crowd calling for a delay, telling the Financial Times that the Fed should wait until the global economy is on surer footing.
In early trading, all European markets were rising by nearly 2% and all key indexes in Asia locked in solid gains.
Markets also had a positive day Tuesday. The Dow Jones industrial average added 2.4%, while the S&P 500 climbed 2.5% and the Nasdaq shot up by 2.7%.
3. Apple of my eye
Apple (AAPL, Tech30) shares are rising by about 1.3% premarket as investors prepare for a highly anticipated product event. The fun begins at 10 a.m. PT (1 p.m. ET) in San Francisco, and speculation about new products and offerings has been rampant.
Many expect the biggest news will surround an updated Apple TV. The company is also due to update its iPhone line and could unveil a bigger iPad.
4. Stock market movers
Yahoo, Ryanair: Shares in Yahoo (YHOO, Tech30) are declining by about 2.6% premarket after the company said its planned spinoff of a big stake in Alibaba (BABA, Tech30) had hit a roadblock.
Yahoo told investors that the IRS rejected its request for a special tax ruling on the Alibaba deal, which was supposed to save investors huge sums of money.
Shares in Ryanair (RYAAY) are soaring by about 7% in Europe after the budget airline announced annual profit would surge by 25% after a strong summer season.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to respond by raising interest rates.
When? At 9:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
When? At 9:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts.
When? At 9:30Pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's among the primary tools the RBNZ uses to communicate with investors about monetary policy. It covers in detail the factors that affected the most recent interest rate decision, such as the overall economic outlook and inflation. Most importantly, it provides clues regarding future monetary policy.
When? At 5:05pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the NZD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? The rate decision is often priced in the market so it tends to be overshadowed by the RBNZ Rate Statement which is focused on the future.
When? At 5:00pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's an excellent gauge of future construction activity because obtaining a permit is among the first steps in constructing a new building.
When? At 8:30am Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1) U.S. stocks opened sharply higher on Tuesday after weak economic data out of China bolstered hopes of more stimulus measures from the Chinese government. China's imports shrank far more than expected in August, falling for the 10th straight month. Imports fell 13.8 percent from a year earlier, more than the 8.2 percent drop economists had expected.
2) The dollar slipped lower against the other major currencies in subdued trade on Tuesday, amid mounting uncertainty over whether or not the Federal Reserve will raise interest rates at its meeting this month. The dollar was lower against the euro, with EUR/USD up 0.18% at 1.1190.
3) Gross domestic product in the euro zone rose more-than-expected in the last quarter, official data showed on Tuesday. In a report, Eurostat said that GDP rose to a seasonally adjusted 0.4%, from 0.5% in the preceding quarter whose figure was revised up from 0.3%. Analysts had expected GDP to rise 0.3% in the last quarter.
4) Crude oil futures were mixed in choppy trade on Tuesday, as a refinery closure weighed on West Texas Intermediate prices while Brent futures rallied, tracking strong gains in global equity markets.
5) U.S. small business confidence rose modestly in August, suggesting the economy continued to grow at a steady clip halfway through the third quarter. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index gained half a point to 95.9 last month.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
It has been a long weekend so there are only four trading days this week, this is what you need to know before the week begins.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Ready for a rally
U.S. stock futures are set to shoot higher once the trading day begins in New York.
The Dow Jones industrial average, S&P 500 and Nasdaq are all poised to open about 1.8% higher. Stocks like Apple (AAPL, Tech30), PayPal (PYPL, Tech30) and Freeport-McMoRan (FCX) are leading the way with premarket gains of between 2% and 4%.
The positive sentiment comes as Chinese stocks rebound despite disappointing trade data. Most global stock markets are climbing Tuesday. But this follows several tumultuous weeks in the markets which saw wild fluctuations for stocks and oil prices.
2) Eyes on oil
Crude oil futures are dipping by about 2.5% to trade around $44.90 per barrel Tuesday. The price of crude dropped below $39 per barrel in late August and then quickly shot up to trade near $50 per barrel on the final day of the month.
3) Weekly market recap
The Dow Jones industrial average and S&P 500 both experienced wild trading jumps and bumps over the previous week. They closed out the five days with a total loss of 2.6%. The Nasdaq dropped by 1.9% over the same period.
4) European stocks higher
European stocks were sharply higher on Tuesday, led by sharp gains in the financial sector, even after the release of weak export data from China. During European morning trade, the EURO STOXX 50 rallied 1.44%, France’s CAC 40 advanced 1.29%, while Germany’s DAX 30 jumped 1.40%. Data released earlier showed that China's trade surplus widened to $60.2 billion last month from $43.0 billion in July, compared to estimates for a surplus of $48.2 billion.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's a leading indicator of demand in the housing market - most homes are financed, so it provides an excellent gauge of how many qualified buyers are entering the market.
When? At 9:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the USD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1. U.S Stock Markets are closed due to "Labor Day".
2. German industrial output rose in July at its fastest pace so far this year, data from the Economy Ministry showed on Monday, suggesting Europe's largest economy powered ahead at the beginning of the third quarter. Factories produced 0.7 percent more goods than in the previous month, the ministry said. That was the strongest increase since December, but it missed the Reuters consensus forecast for a 1.0-percent rise.
3. Crude oil futures declined on Monday, as ongoing concerns over the health of the global economy underlined worries over a global supply glut. Trade volumes were expected to remain light on Monday, with U.S. markets closed for the Labor Day holiday.
4. Mining and trading company Glencore (LONDON:GLEN) acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid expansion.
5. The U.S. dollar was almost unchanged against its Canadian counterpart on Monday, as trading volumes were expected to remain thin with markets closed in the U.S. and in Canada for the Labor Day holiday.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
When? At 9:30pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
What is it? It's the broadest measure of economic activity and the primary gauge of the economy's health.
When? At 7:50pm Eastern Time.
Trading Tip: If the actual number is higher than the forecast, you can expect the JPY to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
1. LONDON - Oil prices fell on Friday, pushing benchmark North Sea Brent crude down towards $50 a barrel, after a cut in European growth forecasts heightened worries over the outlook for demand at a time of huge oversupply.
2. U.S. stocks opened lower on Friday after the August jobs report showed moderate job growth and the lowest unemployment rate in more than seven years, increasing chances the Fed could raise interest rates sooner rather than later.
3. U.S. employers added 173,000 jobs in August, less than widely expected, but the unemployment rate still edged down to 5.1 percent, its lowest level since April 2008, the Labor Department said Friday. Meanwhile, wage growth - which has been stagnant for years -- edged up slightly more than anticipated to 2.2 percent.
4. The dollar turned moderately higher against against the other major currencies on Friday, after data showed that U.S. nonfarm payrolls rose less than expected last month, while the unemployment rate fell more than initially anticipated.
5. Average hourly earnings in the U.S. rose unexpectedly last month, official data showed on Friday. In a report, U.S. Bureau of Labor Statistics, Department of Labor said that Average hourly earnings in the U.S. rose to a seasonally adjusted 0.3%, from 0.2% in the preceding month. Analysts had expected Average hourly earnings to remain unchanged at 0.2% last month.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook:
Investors are showing signs of nerves ahead of the U.S. employment report, which could determine the timing of the first interest rate rise in a decade and shake markets around the world.
U.S. stock futures are falling, with the Dow Jones Industrial Average, Nasdaq and S&P all nearly 1% lower. Global markets were also weaker.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) Economics
U.S. jobs report: The labor department is putting out its highly anticipated employment data at 8:30 a.m. ET. It's the last major piece of economic data likely to impact whether the Fed raises interest rates later this month. A strong jobs report could encourage the Fed to go ahead. The International Monetary Fund wants the U.S. to wait.
2) Stock market movers
Netflix, Apple, Facebook: Investors are on edge and this nervousness is weighing on individual stocks. Netflix (NFLX, Tech30) is the biggest loser in premarket trading, down 2.7%. Apple (AAPL, Tech30), one of the most heavily traded stocks of recent days, is 1.3% lower, while Facebook lost 0.8% in premarket trading.
3) More bad news from Europe
The European Central Bank on Thursday cut its forecasts for eurozone GDP growth this year and next, pointing the finger squarely at falling demand from China and other emerging economies. The ECB said it could increase its money printing program -- and that sent the euro sharply lower. It recovered slightly Friday to trade 0.3% firmer against the dollar.
4) International markets overview
European markets are all lower in early trading. Germany's DAX is down 1.4%, while the FTSE 100 in London is 1% lower.
Asian markets ended the session down. Chinese markets remain closed until Monday due to holiday.
Oil edged 1% down on Friday morning, trading at $46 per barrel. Oil prices have been very volatile in recent months, forcing some of the world's biggest oil producers, such as Russia and Venezuela, to call for more cooperation in order to stabilize the market.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook: