1. BEIJING/SHANGHAI - Activity in China's factory sector shrank at its fastest rate in at least three years in August as domestic and export orders tumbled, hitting global markets and increasing fears that the world's second-largest economy may be heading for a hard landing.
2. Wall Street opened sharply lower on Tuesday after weak data from China heightened fears of a slowdown in the world's second-largest economy and its effect on global growth.
3. NEW YORK - The pace of growth in the U.S. manufacturing sector slowed in August to its weakest in over two years, according to an industry report released on Tuesday.
4. U.S. construction spending rose in July to the highest level in just over seven years as private outlays surged, providing another sign of solid economic momentum at the start of the third quarter.
5. Manufacturing activity in the U.S. expanded at the slowest rate in more than two years in August, dampening optimism over the strength of the economy and fanning hopes that the Federal Reserve could delay raising interest rates till the very end of 2015, industry data showed on Tuesday.
6. The dollar remained broadly lower against the other major currencies on Tuesday, as data pointing to a deepening economic slowdown in China spurred risk aversion, sending Asian equities lower, while investors eyed upcoming data on U.S. manufacturing activity.
7. Oil futures pulled back on Tuesday, as traders cashed out of the market to lock in gains after prices soared almost $10 a barrel over the past three sessions, the biggest three-day surge since 1990.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
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:
Brace for heavy falls Tuesday as fresh gloom about China's economy spreads across global markets.
U.S. stock futures were sharply lower and international markets traded deep in the red.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) China slows
Stock markets in China ended with more losses after new figures showed the world's second largest economy is losing steam. An official gauge of factory activity fell to a three-year low in August.
Concerns are mounting over the health of the Chinese economy -- which is now posting its weakest growth since the financial crisis -- and head of the International Monetary Fund, Christine Lagarde, warned Tuesday that developing countries should brace for the impact.
2) Oil sinks
The China data weighed on crude oil markets, with prices sliding nearly 4% to below $48 a barrel early Tuesday, after surging in the past three sessions. Hopes that OPEC may finally be willing to cut back on output and a report showing weaker U.S. supplies had helped spur prices higher.
3) Earnings and economics
Dollar Tree (DLTR) is one of a small crop of companies reporting quarterly earnings before the opening bell. Shoe Carnival (SCVL) and H&R Block (HRB) are among the firms reporting this afternoon.
It's a light day for U.S. economic releases, with July construction spending data due out from the Census Bureau at 10 am ET. Canada is expected to confirm it has fallen into recession when it publishes second quarter GDP data at 8.30 a.m. ET.
4) Stock market movers
Watch Netflix (NFLX, Tech30) shares Tuesday. The stock is trading down 4.4% premarket. On Sunday the company revealed a batch of big movies would be removed the internet streaming site as it decided not to renew a distribution deal with Epix.
Amazon (AMZN, Tech30) was another notable premarket mover, down 2.7%.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
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 8:30am 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:
Will Twitter's Share Crash?
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 the nation's trade balance with other countries because rising commodity prices boost export income.
When? Tentative
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:
Will Twitter's Share Crash?
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 their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
When? At 10:00am 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:
Will Twitter's Share Crash?
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? Canada is unique in that they release fresh GDP data on a monthly basis. A quarterly GDP figure is also released, however it's merely a summation of the monthly data.
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:
Will Twitter's Share Crash?
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 lower on Monday after weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the possibility of a September rate hike alive.
2. China stocks fell sharply on Monday before recovering much of their losses as regulators cracked down on speculators which Beijing blames for a 40% crash in the country's stock markets since June. The main Shanghai Composite Index fell 3% Monday morning, before recovering some of its losses to close 0.8% lower. However, that still left it more than 12% down for the month of August, following a drop of more than 14% in July.
3. The euro remained modestly higher against the softer dollar on Monday after data showing that euro zone inflation remained low in August, adding to concerns that the European Central Bank may scale up its stimulus program.
4. The dollar remained moderately lower against the other major currencies on Monday, as renewed weakness in equities markets overnight weighed, although expectations for a September rate hike by the Federal Reserve limited losses.
5. Crude oil futures declined on Monday, as traders cashed out of the market after prices scored their biggest two-day percentage gain since 2009 last week.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
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:
New week, same old talkers: the Fed, China, oil.
U.S. stock futures are lower on Monday, and oil prices are falling two percent.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) China falling again
Chinese stocks fell again Monday, after a wild ride last week, although the losses were relatively modest. The Shanghai Composite closed 0.8% lower Monday, while the smaller Shenzhen Composite was 3.1% down.
Chinese authorities have arrested nearly 200 people for alleged online rumor-mongering about China's stock market crash and a recent explosion in Tianjin.
2) All eyes on the Fed
Speculation about when the Fed will raise interest rates is growing. The focus will be on Friday's crucial jobs report. Last week, data showed the U.S. economy grew faster than expected in the second quarter, reinforcing the case for a rate hike.
The Chinese market crash and yuan devaluation have muddied the waters, with some officials hinting the first rise in nearly a decade could be delayed.
But Fed Vice Chair Stanley Fischer said it's too soon to make judgments one way or the other about a rate hike in September.
3) Stock market movers
Apple, Facebook, Home Depot: Apple (AAPL, Tech30), one of the most heavily traded stock during last week's market turmoil, is edging 0.8% lower premarket. Facebook (FB, Tech30) is 1.3% lower in premarket trading, while Home Depot (HD) is 0.8% down.
4) Earnings and economics
A small number of companies are reporting quarterly earnings on Monday: Robot maker Adept Technology (ADEP), Matrix Service (MTRX), and Bazaarvoice (BV) will all publish their results after the closing bell.
Eurozone inflation was steady in August at 0.2%.
Indian second quarter GDP data is expected later in the day.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
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 their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
When? At 9:45pm 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:
Will Twitter's Share Crash?
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 government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.
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:
Will Twitter's Share Crash?
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 their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.
When? At 9:00pm 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:
Will Twitter's Share Crash?
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. Wall Street opened lower on Friday, suggesting investors were wary of taking big positions into the weekend after days of tumultuous trading that featured both the market's worst day in four years and biggest two-day gain since the financial crisis.
2. The dollar pared losses against the other major currencies on Friday, after data showed that the U.S. goods trade deficit narrowed last month, while U.S. personal spending rose less than expected.
3. Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria.
4. U.S. consumer spending picked up a bit in July as households bought more automobiles, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate hike this year.
5. U.S. personal spending rose less-than-expected last month, official data showed on Friday. In a report, the Bureau of Economic Analysis said that personal spending rose to a seasonally adjusted 0.3%, from 0.3% in the preceding month whose figure was revised up from 0.2%.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
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:
After some of the wildest days on markets in recent memory, the weekend can't come soon enough for many. Panicked selling Monday and Tuesday gave way to a scramble to buy Wednesday and Thursday.
And there could be a sting in the tail Friday - U.S. stock futures are signaling all three main indexes will open about 1% lower and European markets are weaker in morning trade.
Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1) China rallies again
The Shanghai Composite had a truly wild ride this week, losing roughly 15% on Monday and Tuesday, before mounting a major rally in the second half of the week. Friday saw gains of nearly 5% on the main Chinese index, while the Shenzhen market put in a slightly stronger performance.
The Shanghai index still suffered a 7.8% decline for the week.
Elsewhere in Asia, new data showed Japan is still struggling to lift inflation to its target of 2%. Unemployment data improved, however, and the Nikkei ended the day with a 3% gain.
2) Oil slips back
U.S. crude futures jumped 10% Thursday, but the positive tone evaporated Friday. Oil was trading nearly 1.5% weaker at $42 a barrel. That's still a big recovery from the 6-year low of $38 a barrel hit on Monday, but crude is about 20% down since the start of the year.
3) Market movers
Freeport McMoran, Facebook: Shares in mining company Freeport McMoran (FCX) jumped 12% premarket after hedge fund manager Carl Icahn disclosed he had acquired a stake. Facebook (FB, Tech30) was slipping about 0.5% premarket despite reporting late Thursday that more than one billion people logged on Monday -- the first time that milestone has been hit in a day.
4) Central bankers huddle
Federal Reserve policymakers continue their annual meeting in Jackson Hole, Wyoming. The three-day affair is being closely watched for hints about when to expect an interest rate hike.
New York Fed President William Dudley said Wednesday the case for a September hike had become "less compelling," but the waters were muddied again Thursday by news of much stronger U.S. second quarter growth than expected.
Much of the world's economy is still hooked on cheap central bank cash, and the prospect of a U.S. rate hike has already shaken many emerging markets.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
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? As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
When? At 12:25pm Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the CHF to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
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 Economic Symposium, held in Jackson Hole, Wyoming, is attended by central bankers, finance ministers, academics, and financial market participants from around the world. The meetings are closed to the press but officials usually talk with reporters throughout the day. Comments and speeches from central bankers and other influential officials can create significant market volatility.
When? All Day
Trading Tip: This announcement can greatly affect all currencies so make sure to follow it!
Ask us about our FREE financial advice program:
Other Top Stories:
Will Twitter's Share Crash?
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? Trade in goods makes up about 75% of total trade, and therefore provides early insight into the Trade Balance data reported about 5 days later. A positive number indicates that more goods were exported than imported. Source first released in Jul 2015.
When? At 8:30am 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:
Will Twitter's Share Crash?
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: