Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers.

See the footer of the board for our Facebook and My business pages.

Be sure and join our Dinar Only Newsletter Email list. It is located on the right. Your User Account Email when joining the board is for with in Neno's Place use of board information which you can control in your profile settings.


For "Advertising" with in my board to our Membership and Visitors see our "Sponsor Ad Info" in the Navbar. Neno's Place receives a low of 50,000 views a week to over 100,000 plus many times thru out the year.

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Longest Dinar holding Community. Reach Admin by Private Message. Copyright © 2006-2017

Market Talk August 16th, 2016



Posts : 18122
Thanked : 883
Join date : 2013-01-12

Market Talk August 16th, 2016

Post by Lobo on Wed 17 Aug 2016, 4:34 pm

The strength of the JPY had a large impact on the Nikkei today’s and as it broke par then the Nikkei was hit closing down around -1.7% in all. Exporters are always hit when the currency strengthens and it is not clear which is leading which just yet. Both the Shanghai and Hang Seng were a little weaker but not when comparing to the Nikkei. The talk is the market is loosing confidence in the BOJ’s ability to handle this crisis – after 30 years now they are questioning it!
Main discussions throughout the European and US trading sessions were over the UK inflation data and the upward surprise.  UK CPI and RPI released today provide a view post BREXIT. Both numbers were better than forecast; CPI 0.5% was forecast but actual release was 0.6% and RPI 1.7% but actual release was 1.9% Y/Y. This moved currencies and stock markets but then we saw German ZEW at 57.6 (against an expectation of 50) helped markets but not enough. Both the Euro and GBP saw strong positive moves against the USD with sterling gaining 1.3% on the day. Stocks have taken a breather as both currencies climbed from recent lows. The DAX, CAC and FTSE lost around 0.75% whilst in Spain the IBEX lost 1.15%.
US markets did not have much comfort when they opened having seen weak performances from both Asian and European markets. The USD returned a lot of its recent strength (DXY closed 94.76 -0.87%) which may have encouraged a little profit-taking on US assets especially following yesterdays record closes. The DOW, S+P and NASDAQ all hit their lows on the closing bell so it could be an interesting session tomorrow. Wednesday we will see the FED minutes and although we heard from William Dudley and Dennis Lockhart the message remains mixed, if not a little hawkish. With that in mind the yield on US 10’s remains around the 1.55% level.
US curve flattened today ahead of tomorrows minutes release. 2/10’s closed +82bp, as 10’s closed 1.57%. Over in Germany the 10yr Bund closed -0.3% (-5bp), closing the US/German 10’s spread at +160bp. Italy 10yr closed 1.11% (+6bp), Greece 7.95% (-2bp), Turkey 10yr closed 9.41% (+2bp), Portugal 2.81% (+15bp) and UK Gilts closed 0.58% (+5bp).

    Current date/time is Sun 11 Dec 2016, 5:51 am