Market moving news
China markets still closed for public holiday, last day today. Asia markets slow ahead U.S – China talks. Japan’s Nikkei closed down at: 21375. The main news this week will be the resumption of U.S. – China trade talks in Washington on 10th October 2019. Hopefully this time to move forward on the trade tariffs if not on all of the concerns in dispute.
Nikkei closed down at: 21375
German industrial orders fall
Industrial orders in Germany lost more ground in August, according to official data released today. The annual comparison showed orders were down 6.7% compared to August 2018.
Shares in building materials business SIG have taken a hit today after warning of a downturn in profits in the UK and German construction sectors. Are Germany and UK facing recession in the next quarter?
UK house price data
UK house price data released from Halifax toady suggests house price growth slowest since 2013. Halifax calculates the UK average house price at: £232,574. At the beginning of October the Nationwide set the average house price figure at £215,352. Why the difference – I have never stopped to work out why – but these figures for the same UK housing market are always different – Why?
Scheduled events and news likely to move markets today 7th October
The resumption of U.S. – China trade talks this week – markets appear to be trading sideways waiting for the talks to resume with no big moves either way at the moment. Talks reported to resume on 10th October
Germany factory order data released today
Economic data released from Japan
Halifax house price data released today
EU – investor confidence data released today
U.S – bill auctions, Fed chair speech & consumer credit data due today
UK digital currency checks by the FCA
The number of investigations into UK digital currencies and associated businesses by the Financial Conduct Authority has increased over the past year as the regulator attempts to crackdown on the controversial digital currencies and their potential misuse.
This is seen as an attempt to weed out scams and dishonest practices to give more confidence to the consumer about crypto currencies in the long term.
UK retail data
UK retailers experience worst September since mid-1990’s. More spending went on entertainment, according research from the British Retail Consortium released today. Brexit being blamed for weak retail spending.
UK & EU markets
FTSE 100 closed up at: 7198.
Dax closed up at: 12097
U.S. markets subdued ahead of planned U.S. – China trade talks on Thursday.
Dow closed down at: 26478
S&P 500 closed down at: 2939
Nasdaq closed down at: 7956