Bullet Report: Fears of Deutsche Bank dominate the markets
September 30, 2016 8:49 am
The markets will continue to monitor the problems of Deutsche Bank, which have put huge pressure on the global equities market. Dow Jones and S&P 500 dropped almost 1% yesterday.
Regarding key figures today, UK will release GDP final. Eurozone will release unemployment rate and CPI flash. Canada will release GDP data. US will release personal income & spending; and Chicago PMI.
Currencies: The sentiment in the US stock markets changed yesterday given the problems with Deutsche Bank and some hedge funds have been said to reduce their exposure to Deutsche Bank. The speculation of a new crisis is rising and we are seeing some of the usual safe haven ‘signs’, Swiss Franc is set to close the week as the strongest major currency trading at 0.9652 time of writing .
Stocks: It is a sign of uncertainty, US volatility index (VIX) increased 14%. The S&P 500 dropped 0.93% and DOW lost -1.1%. Banks and health care are at the heart of the selling. Asian markets follow with Nikkei trading down -1.5% at the time of writing.
Oil and Gold: WTI crude oil stays firm above 47.5 as supported by news of OPEC production cut. Gold is trading in recent established range gyrating around 1325. If the situation of Deutsche Bank continues driving the markets, it may help to boost the price of gold and we could see XAU heading towards 1330.
The markets will continue to monitor the problems of Deutsche Bank, which have put huge pressure on the global equities market. Dow Jones and S&P 500 dropped almost 1% yesterday.
Regarding key figures today, UK will release GDP final. Eurozone will release unemployment rate and CPI flash. Canada will release GDP data. US will release personal income & spending; and Chicago PMI.
Currencies: The sentiment in the US stock markets changed yesterday given the problems with Deutsche Bank and some hedge funds have been said to reduce their exposure to Deutsche Bank. The speculation of a new crisis is rising and we are seeing some of the usual safe haven ‘signs’, Swiss Franc is set to close the week as the strongest major currency trading at 0.9652 time of writing .
Stocks: It is a sign of uncertainty, US volatility index (VIX) increased 14%. The S&P 500 dropped 0.93% and DOW lost -1.1%. Banks and health care are at the heart of the selling. Asian markets follow with Nikkei trading down -1.5% at the time of writing.
Oil and Gold: WTI crude oil stays firm above 47.5 as supported by news of OPEC production cut. Gold is trading in recent established range gyrating around 1325. If the situation of Deutsche Bank continues driving the markets, it may help to boost the price of gold and we could see XAU heading towards 1330.
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Source: Easy Forex Forex.Info
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