CFD Markets News and Forecasts — 05-11-2018

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05.11.2018
23:30
Japan: Household spending Y/Y, September -1.6% (forecast 1.6%)
22:30
Schedule for today, Tuesday, November 6, 2018
Time Country Event Period Previous value Forecast
00:00 U.S. Congressional Elections    
03:30 Australia Announcement of the RBA decision on the discount rate 1.5% 1.5%
03:30 Australia RBA Rate Statement    
07:00 Germany Factory Orders s.a. (MoM) September 2% -0.6%
08:50 France Services PMI October 54.8 55.6
08:55 Germany Services PMI October 55.9 53.6
09:00 Eurozone Services PMI October 54.7 53.3
10:00 Eurozone Producer Price Index, MoM September 0.3% 0.3%
10:00 Eurozone Producer Price Index (YoY) September 4.2% 4.2%
12:00 Eurozone ECB's Lautenschläger Speech    
13:30 Canada Building Permits (MoM) September 0.4% 0.3%
15:00 U.S. JOLTs Job Openings September 7.136  
21:45 New Zealand Unemployment Rate Quarter III 4.5% 4.5%
21:45 New Zealand Employment Change, q/q Quarter III 0.5% 0.5%
22:30 Australia AiG Performance of Construction Index October 49.3  
21:18
Major US stock indexes finished bidding in different directions

Major US stock indices showed mixed dynamics: the Dow and S & P 500 grew moderately, while the high-tech Nasdaq closed the session in the red against the background of falling stocks of companies in the technology sector.

Investors were also preparing for the upcoming midterm elections to the US Congress, which will be held on November 6. Tomorrow, US voters will go to the polls, the results of which may have a significant impact on capital markets. It is expected that following the results of the elections, the Democrats will be able to regain control of the House of Representatives, while the Republicans will retain a small majority in the Senate. This result is seen largely as positive.

In addition, the focus was on US data. As it became known, the US service sector showed a strong expansion in business activity in October. Growth rates recovered from the weakness caused by the September weather, but were also supported by a sharp increase in new orders. The seasonally adjusted final index of business activity in the services sector from IHS Markit was 54.8 in October, compared with 53.5 in September and preliminary reading of 54.7.

However, the index of business activity in the US service sector, calculated by the Institute for Supply Management (ISM), fell in October to 60.3 points compared to 61.6 points in September. Analysts predicted that the index will fall to 59.3 points.

Most of the components of DOW finished trading in positive territory (26 out of 30). The growth leader was the shares of International Business Machines Corporation (IBM, + 3.82%). Apple Inc.’s shares turned out to be an outsider. (AAPL, -2.96%).

Most of the S & P sectors have shown a boost. The base materials sector grew the most (+ 1.4%). The largest decline was shown by the conglomerate sector (-0.7%)

At the time of closing:

Index

Dow 25,461.70 +190.87 +0.76%

S & P 500 2,738.31 +15.25 +0.56%

Nasdaq 100 7,328.85 -28.14 -0.38%

20:50
Schedule for tomorrow, Tuesday, November 6, 2018
Time Country Event Period Previous value Forecast
00:00 U.S. Congressional Elections    
03:30 Australia Announcement of the RBA decision on the discount rate 1.5% 1.5%
03:30 Australia RBA Rate Statement    
07:00 Germany Factory Orders s.a. (MoM) September 2% -0.6%
08:50 France Services PMI October 54.8 55.6
08:55 Germany Services PMI October 55.9 53.6
09:00 Eurozone Services PMI October 54.7 53.3
10:00 Eurozone Producer Price Index, MoM September 0.3% 0.3%
10:00 Eurozone Producer Price Index (YoY) September 4.2% 4.2%
12:00 Eurozone ECB's Lautenschläger Speech    
13:30 Canada Building Permits (MoM) September 0.4% 0.3%
15:00 U.S. JOLTs Job Openings September 7.136  
21:45 New Zealand Unemployment Rate Quarter III 4.5% 4.5%
21:45 New Zealand Employment Change, q/q Quarter III 0.5% 0.5%
22:30 Australia AiG Performance of Construction Index October 49.3  
20:01
DJIA +0.91% 25,500.14 +229.31 Nasdaq -0.24% 7,339.05 -17.94 S&P +0.73% 2,742.84 +19.78
17:00
European stocks closed: FTSE 100 +9.72 7103.84 +0.14% DAX -24.03 11494.96 -0.21% CAC 40 -0.74 5101.39 -0.01%
15:00
U.S.: ISM Non-Manufacturing, October 60.3 (forecast 59.3)
14:49
The U.S. service sector reported a strong expansion in business activity in October - Markit

The rate of growth rebounded from September’s weatherrelated weakness, but was also buoyed by a sharp rise in new business. Capacity was often reported to have come under some strain, however, and difficulties finding suitable candidates were partly to blame for the rate of job creation easing to a ninemonth low. Meanwhile, price pressures intensified, with rates of both input cost and output charge inflation accelerating.

The seasonally adjusted final IHS Markit U.S. Services Business Activity Index registered 54.8 in October, up from September’s recent low of 53.5 and broadly in line with the earlier ‘flash’ reading of 54.7. Output growth regained momentum to run just below the average for 2018 so far. Service providers commonly linked the rise in business activity to increased new business and a pick up in demand after inclement weather in September.

14:45
U.S.: Services PMI, October 54.8 (forecast 54.7)
14:33
U.S. Stocks open: Dow +0.24%, Nasdaq -0.37%, S&P +0.20%
14:26
Before the bell: S&P futures +0.02%, NASDAQ futures -0.19%

Before the bell: S&P futures +0.02%, NASDAQ futures -0.19%

U.S. stock-index futures traded flat on Monday, as investors were preparing for the upcoming midterm elections in the U.S.

Global Stocks:

Index/commodity

Last

Today's Change, points

Today's Change, %

Nikkei

21,898.99

-344.67

-1.55%

Hang Seng

25,934.39

-551.96

-2.08%

Shanghai

2,665.43

-11.05

-0.41%

S&P/ASX

5,818.10

-31.10

-0.53%

FTSE

7,117.43

+23.31

+0.33%

CAC

5,111.68

+9.55

+0.19%

DAX

11,528.04

+9.05

+0.08%

Crude

$63.51


+0.59%

Gold

$1,229.30


-0.32%

13:55
Wall Street. Stocks before the bell

(company / ticker / price / change ($/%) / volume)


Amazon.com Inc., NASDAQ

AMZN

1,660.00

-5.53(-0.33%)

42990

AMERICAN INTERNATIONAL GROUP

AIG

43.64

0.36(0.83%)

1100

Apple Inc.

AAPL

204.25

-3.23(-1.56%)

822625

AT&T Inc

T

30.54

0.02(0.07%)

19700

Barrick Gold Corporation, NYSE

ABX

13.11

-0.06(-0.46%)

54219

Caterpillar Inc

CAT

124.54

-1.25(-0.99%)

8161

Chevron Corp

CVX

115.93

1.20(1.05%)

9240

Cisco Systems Inc

CSCO

45.63

0.15(0.33%)

5215

Citigroup Inc., NYSE

C

65.99

0.07(0.11%)

21088

Exxon Mobil Corp

XOM

82.6

0.65(0.79%)

5850

Facebook, Inc.

FB

150.01

-0.34(-0.23%)

41385

Ford Motor Co.

F

9.38

-0.00(-0.00%)

16327

Freeport-McMoRan Copper & Gold Inc., NYSE

FCX

12.2

-0.04(-0.33%)

16091

General Electric Co

GE

9.4

0.11(1.18%)

944903

General Motors Company, NYSE

GM

36

-0.03(-0.08%)

4500

Goldman Sachs

GS

229.33

-0.36(-0.16%)

1679

Google Inc.

GOOG

1,055.50

-2.29(-0.22%)

2950

Home Depot Inc

HD

180.25

0.32(0.18%)

1326

Intel Corp

INTC

47.19

0.08(0.17%)

26836

International Business Machines Co...

IBM

115.96

0.29(0.25%)

8787

Johnson & Johnson

JNJ

140.22

-0.46(-0.33%)

1665

JPMorgan Chase and Co

JPM

108.27

-0.11(-0.10%)

1585

Microsoft Corp

MSFT

106.1

-0.06(-0.06%)

31154

Pfizer Inc

PFE

42.9

-0.03(-0.07%)

1385

Procter & Gamble Co

PG

89.69

-0.12(-0.13%)

1807

Starbucks Corporation, NASDAQ

SBUX

64.16

-0.16(-0.25%)

33428

Tesla Motors, Inc., NASDAQ

TSLA

341.23

-5.18(-1.50%)

68936

The Coca-Cola Co

KO

47.97

-0.03(-0.06%)

1464

Twitter, Inc., NYSE

TWTR

34.24

-0.06(-0.17%)

35334

UnitedHealth Group Inc

UNH

261

-0.01(-0.00%)

628

Verizon Communications Inc

VZ

56.77

0.14(0.25%)

1423

Visa

V

139.98

0.20(0.14%)

5914

Wal-Mart Stores Inc

WMT

100.8

-0.54(-0.53%)

9334

Walt Disney Co

DIS

115.5

0.32(0.28%)

1006

13:27
EU Commission to propose disciplining Italy on Nov. 21 - Politico
12:13
Brexit latest: Whitehall sources say no deal is likely at all this week, nor will Cabinet be asked to decide on any fresh offer to the EU tomorrow
12:01
UK PM May's Spokesman: We Are Working To Secure A Brexit Deal As Soon As Possible, Decision On November Summit Is Up To EU
11:18
Societe Generale SA France (GLE.FR) has agreed to sell Poland's Euro Bank SA for about 1.83 billion Polish zloty ($483 million) to a subsidiary of Banco Comercial Portugues S/A (BCP.LB)

The Portuguese bank said in a statement that its 50.1%-owned subsidiary, Bank Millennium SA, will pay cash for a 99.79% stake in Euro Bank.

The transaction is expected to close in the second quarter of 2019, BCP said.

11:11
Irish PM Varadkar: Ideally Would Get Brexit Deal By Year End @LiveSquawk
09:36
Eurozone: Sentix Investor Confidence, November 8.8
09:34
The sentix overall index for Euro Area fell again in November from 11.4 to 8.8 points

  • The problem areas in Europe and the global economy remain largely the same, which does not make it any better. Germany's weakness is also weighing on the Euroland economy.

  • Internationally, the Latin America region is attracting attention. From the investors' perspective, the election of the new Brazilian president nourishes hope for an end to the recessionary phase. In the USA, on the other hand, it is becoming more and more apparent that the tax boom sparked by the US President in 2018 is slowly running out of steam. 2019 will be harder.

09:33
UK service providers signalled another increase in business activity during October

UK service providers signalled another increase in business activity during October, but the rate of expansion eased to its weakest since the snowrelated soft patch seen in March. The loss of momentum largely reflected more cautious spending patterns among clients, as highlighted by the weakest upturn in new work since July 2016.

The seasonally adjusted IHS Markit/CIPS UK Services PMI Business Activity Index dropped to 52.2 in October from 53.9 in September, to signal the slowest rate of business activity expansion since March. The headline index has posted above the 50.0 no-change value in each of the past 27 months, but the latest reading was the secondlowest since July 2016. Survey respondents noted that heightened economic uncertainty and a soft patch for new work had held back business activity growth.  

09:30
United Kingdom: Purchasing Manager Index Services, October 52.2 (forecast 53.3)
08:42
FTSE -12.20 7081.92 -0.17% DAX +3.30 11522.29 +0.03% CAC -1.86 5100.27 -0.04%
08:11
Spanish unemployment continues at its lowest levels in the last 9 years

The number of unemployed registered in the offices of the Public Employment Services in the last 12 months declined by 212,323 people, placing the rhythm of interannual decrease at 6.12%. In seasonally adjusted terms, unemployment has dropped by 27,483 people. The number of unemployed has risen in October by 52,194 people in relation to the previous month. This figure is lower than last year, which registered an increase of 56,884 people. The total number of unemployed is 3,254,703. Thus, registered unemployment continues at its lowest levels in the last 9 years.

07:26
U.S increases pressure on Iran with the resumption of sanctions

Today, the United States re-imposes oil and financial sanctions on Iran, significantly increasing pressure on Tehran to contain its nuclear missile programs and counteract the growing military and political influence in the Middle East, Reuters reported. The move will restore US sanctions that were lifted as part of the 2015 nuclear deal agreed by the Obama administration.



07:22
NZ Banks Ordered To Scrap Incentives Linked To Sales Regulators @LiveSquawk

  • N.Z. Banks Must Reduce Risk Of Bad Behaviour

  • RBNZ, FMA Release Report Into Bank Conduct And Culture

07:21
China's president Xi says China will not stop efforts to pursue higher quality of opening up - Reuters
07:20
Dominic Raab has privately demanded the right to pull Britain out of EU backstop after three months - Telegraph
07:19
Bank of Japan Governor Kuroda: Tensions between US and China now go beyond trade and is much more serious than that faced by US and Japan in the 1980's

  • BOJ must aim to achieve 2% inflation on average for prolonged period

  • But doesn't necessary need to achieve 2% inflation all the time

  • Early exit guideline by Fed ended up being unproductive

  • It is an example that laying out exit strategy too early is not desirable

  • Regional banks could face challenges in the next 5, 10, 15 years as profits dwindle

  • But BOJ's current easing policies likely won't be intact for such a long period of time

07:16
The Australian Services Index (PSI) fell 1.4 points to 51.1 points, indicating slower growth m/m

The Australian Services Index (PSI) fell 1.4 points to 51.1 points (seasonally adjusted), indicating slower growth in October 2018 compared to September and the average of 2018. Results above 50 points indicate expansion in the Australian PSI, with higher numbers indicating stronger growth rates.

The Australian PSI indicated expansion in five of its nine sectors in October (trend). All business-oriented services sectors reported slower conditions than in September. The largest of these, business and property services, slowed but continued to report broadly positive conditions due to high levels of infrastructure construction activity. The consumer-oriented services sectors were mostly positive, with hospitality (cafes and restaurants) and retail trade reporting stronger conditions (trend).

07:12
The latest Caixin China Composite PMI data signalled only a marginal increase in overall Chinese business activity at the start of the fourth quarter

The latest Caixin China Composite PMI data (which covers both manufacturing and services) signalled only a marginal increase in overall Chinese business activity at the start of the fourth quarter of 2018. Furthermore, the Composite Output Index fell from 52.1 in September to a 28-month low of 50.5.

The slowdown was broad-based by sector, with both services and manufacturing noting weaker performances compared to the previous month. Notably, manufacturing production stagnated, following increases in each of the preceding 27 months. Service sector activity meanwhile rose only marginally, with the seasonally adjusted Caixin China General Services Business Activity Index falling from 53.1 in September to a 13-month low of 50.8

06:07
Options levels on monday, November 5, 2018 EURUSD GBPUSD

EUR/USD

Resistance levels (open interest**, contracts)

$1.1562 (4149)

$1.1522 (2846)

$1.1464 (2207)

Price at time of writing this review: $1.1390

Support levels (open interest**, contracts):

$1.1325 (3867)

$1.1286 (3183)

$1.1242 (2521)


Comments:

- Overall open interest on the CALL options and PUT options with the expiration date November, 19 is 93878 contracts (according to data from November, 2) with the maximum number of contracts with strike price $1,1450 (4757);


GBP/USD

Resistance levels (open interest**, contracts)

$1.3128 (1278)

$1.3093 (1363)

$1.3064 (1219)

Price at time of writing this review: $1.2985

Support levels (open interest**, contracts):

$1.2895 (1326)

$1.2863 (2467)

$1.2825 (1818)


Comments:

- Overall open interest on the CALL options with the expiration date November, 19 is 27856 contracts, with the maximum number of contracts with strike price $1,3500 (3173);

- Overall open interest on the PUT options with the expiration date November, 19 is 31248 contracts, with the maximum number of contracts with strike price $1,3000 (3305);

- The ratio of PUT/CALL was 1.12 versus 1.28 from the previous trading day according to data from November, 2

* - The Chicago Mercantile Exchange bulletin (CME) is used for the calculation.

** - Open interest takes into account the total number of option contracts that are open at the moment.

01:45
China: Markit/Caixin Services PMI, October 50.8 (forecast 52.9)
00:31
Australia: ANZ Job Advertisements (MoM), October 0.2%
00:08
Australia: MI Inflation Gauge, m/m, October 0.3%

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