Market moving news daily roundup – events & news likely to move markets 13th August 2019
Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad.
Market moving news roundup, 13th August 2019
Summary
Singapore cuts GDP forecast
Asian markets slip overnight. Political turmoil in Argentina rocked its stock markets and currency Monday 12th August 2019. Singapore cuts GDP forecast for 2019. Hong Kong’s unrest remains in focus. U.S. – UK trade deal moved to top of the agenda – sector by sector deal in discussion.
UK update
UK – Card Factory sales rise. UK business rates system branded as ‘outdated and ineffective‘ by the Association of Convenience Stores.
UK – wage growth data comes in above expectations – people in work hit a record 76.1%. UK unemployment at low levels. See ONS data here. Wages continue to outpace inflation. Scotland registers rise in unemployment.
Oil prices fell on Tuesday 13th August 2019, held back by continuing US-China trade war concerns.
Germany – investor sentiment reading was lower than expected in August. Germany GDP figures are due Wednesday 14th August 2019. Is Germany heading for a recession?
Hong Kong protests continue to disrupt airport for a second day.
U.S. update
U.S. – Dow Jones Industrial Average screams through 26000 in minutes of opening, 10 minutes later reaching 26300! S&P 500 & Nasdaq also up.
Dow jumps 400 points plus in early trade as news that the U.S. plans to remove some China tariffs and delay introduction of some additional tariffs until December 15th 2019. U.S. shares jump on the positive news. Apple’s share price benefits from announcement.
The U.S. President on Tuesday said he is delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping.
Will U.S . – China talks now resume?
Other U.S. news
U.S. consumer price data released 13th August 2019 rose in July.
Economic calendar scheduled event list likely to move markets today.
Stock market indices update, August 13th 2019
Closing positions of: FTSE 100, DAX, DOW, S&P 500, NASDAQ, NIKKEI & GOLD
I trade these indices.
Global stock markets turn green on positive news that Trump is relaxing some tariffs in his trade war with China.
FTSE 100 – closed up at: 7251
DAX – closed at: 11750
DOW – closed at: 26280
S&P 500 – closed at: 2926
NASDAQ – closed at: 8016
NIKKEI – closed down at: 20455
GOLD – closed at around: $1,512
Key: Green highlight markets move up. Red highlight markets move down.
All values rounded.
End