Market moving daily news roundup – events & news likely to move markets 20th August 2019
Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad.
Summary
Economic news calendar 20th August 2019 main market moving scheduled events
Australia – Reserve Bank of Australia meeting minutes revealed.
Germany – producer price index data due at: 07:00 BST
Switzerland – trade data due
Hong Kong – consumer price index data due at: 09:30 BST
EU – construction output data due at: 10:00 BST
UK – CBI industrial trends survey data due at: 11:00 BST
Canada – manufacturing shipment data due at: 13:30 BST
Italy – PM speech due
South Korea – producer price index data due
Note
Items highlighted in red are more likely to move markets, amber and blue less so. Only what I regard as the ‘main’ scheduled events are listed here.
Market moving news roundup, 20th August 2019
News update
Act of God disables part of UK power system
Preliminary reports out this morning, appear to suggest the UK’s power blackout was mainly caused by a lightning strike! Ofgem, the energy regulator, has launched an investigation into the power blackout.
Asian markets climb again with the Nikkei closing up at: 20677. The Sony corporations buys Insomniac Games (they make the Spiderman video game). Baidu shares up after good sales report. UK FTSE 100 opens up but Sterling slips down.
Global mining company, BHP reports lift in annual profit and declared dividend. Profits at house builder Persimmon slip. AstraZeneca share price is up after drug announcement update – see here.
Germany – is it likely Germany will enter recession in the next quarter? The Bundesbank appears to believe so.
Should BIG business face tighter scrutiny? Do BIG businesses pay fair taxes? Do their influences extend too far?
UK – data released from the CBI suggested manufacturing slowdown eased in August, but orders and selling prices were lower too.
Germany – pharmaceutical giant Bayer sells veterinary drug business for £6.2 billion
UK – RBS & NatWest experiences IT problems again. Difficulty paying bills and checking credit card statements. The bank blames ‘third party’ software issue. SO that’s okay, it’s not the bank’s fault!
Huawei – says it is facing a ‘live or die moment’.
UK – PPI (bank scandal) claim deadline is 29th August 2019
U.S. – Home Depot reduces full year sales outlook as China – U.S. tariffs affect falling price of raw materials – wood!
UK – discussion to shorten stock market trading day – will ‘automatic’ trading completely take over. Unlikely!
UK – the UK economy (GDP) is larger than thought, according to the ONS. The Office for National Statistics has updated how it measures GDP. More here.
Stock market indices update, August 20th 2019
Closing positions of: FTSE 100, DAX, DOW, S&P 500, NASDAQ, NIKKEI & GOLD
I trade these indices.
Global markets lose some ground.
FTSE 100 – closed at: 7125
DAX – closed at: 11651
DOW – closed at: 25962
S&P 500 – closed at: 2900
NASDAQ – closed at: 7948
NIKKEI – closed at: 20677
GOLD – closed at around: $1,512
Key: Green highlight markets move up. Red highlight markets move down.All values rounded.