Market moving daily news roundup – events & news likely to move markets 30th August 2019
Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad.
Summary
Economic calendar – scheduled news and events 30th August 2019
UK – consumer confidence reading due
Japan – consumer price index data due & retail trade data
Japan – jobs, unemployment data due
Germany – retail sales data due
UK – consumer credit data due
EU – consumer price index data due
EU – unemployment data due
Italy – GDP data due
U.S. – personal spending and personal income data due
Canada – GDP data due
U.S. – consumer sentiment reading due
U.S. – China trade war – time for optimism?
I don’t know if I would call it optimism or maybe less pessimism, but whatever, markets have reacted positively to a more conciliatory tone set by both China and the U.S. in recent days.
Investors appear to be returning to the markets as U.S. and China seem to be prepared to open talks again. Bearing in mind that the FOMC meet again in September – traders/investors could very well be hopeful of more monetary stimulus and especially for interest rate cuts. The ECB also meet in September to set monetary policy.
Asia markets up
Asian markets up – Japan’s Nikkei index closed up at: 20704. Japan’s unemployment rate hits 27-year low but retail sales slow. Japan is the third largest economy in the world.
UK house prices unchanged
UK house prices unchanged in August according to Nationwide data released today. Shoe Zone Plc shares tumble as CEO quits – report suggest sales targets will be missed.
FTSE 100 up
FTSE 100 gains ground for the third day in a row. Mortgage lending increases in July 2019 according to data from the Bank of England.
Germany facing a recession?
German retail sales fell in July according to the latest data. Is Germany facing a recession? If so, will fiscal stimulus be introduced in Germany?
EU inflation figure
Eurozone inflation remains low at 1% – below the target of 2%. Sterling holds steady after gyrating downward all week. UK consumer confidence is being damaged by Brexit uncertainty.
Time for fiscal stimulus?
The ECB and FOMC all meet again in September – how likely is monetary stimulus this time round for both the EU and the U.S.?
Dow futures up 150 points at 13:50 – 30th August 2019
Huawei to go ahead with latest ‘phone launch – without Google’s operating system?
Dow opens up by over 100 points.
U.S. consumer sentiment drops in August from a reading of 92.1 expected to 89.8 actual.
Stock market indices update, August 29th 2019
Closing positions of: FTSE 100, DAX, DOW, S&P 500, NASDAQ, NIKKEI & GOLD
Main points update
Markets hold on to previous two days of gains. FTSE 100 closed up at: 7207. Dow closed up at: 26403. U.S. and China tariffs are due to start on 1st September 2019. China says not introduce more retaliatory measures for now. Trump says talks should resume. Will the Fed introduce monetary stimulus and cut interest rates in September. ECB may also introduce monetary stimulus too.
FTSE 100 – closed at: 7207
DAX – closed at: 11938
DOW – closed at: 26403
S&P 500 – closed at: 2926
NASDAQ – closed at: 7962
NIKKEI – closed at: 20704
GOLD – closed at around: $1,529
Key: Green highlight markets move up. Red highlight markets move down. All values rounded.