CFD Markets News and Forecasts — 13-03-2018

(raw materials / closing price /% change)

Oil 60.82 -0.88%

Gold 1,327.10 +0.48%

(index / closing price / change items /% change)

Nikkei +144.07 21968.10 +0.66%

TOPIX +9.73 1751.03 +0.56%

Hang Seng +7.12 31601.45 +0.02%

CSI 300 -36.42 4091.25 -0.88%

Euro Stoxx 50 -32.13 3397.35 -0.94%

FTSE 100 -75.98 7138.78 -1.05%

DAX -197.36 12221.03 -1.59%

CAC 40 -33.92 5242.79 -0.64%

DJIA -171.58 25007.03 -0.68%

S&P 500 -17.71 2765.31 -0.64%

NASDAQ -77.31 7511.01 -1.02%

S&P/TSX +42.35 15647.14 +0.27%

(pare/closed(GMT +2)/change, %)

EUR/USD $1,2391 +0,46%

GBP/USD $1,3962 +0,42%

USD/CHF Chf0,94338 -0,43%

USD/JPY Y106,45 +0,02%

EUR/JPY Y131,92 +0,49%

GBP/JPY Y148,629 +0,44%

AUD/USD $0,7855 -0,23%

NZD/USD $0,7325 +0,43%

USD/CAD C$1,29508 +0,85%

Major US stock indices fell noticeably, despite the strong market opening against the background of data on consumer prices in the US, which eased fears about inflation. The dynamics of trading was adversely affected by the announcement of the dismissal of US Secretary of State Rex Tillerson from the post of Secretary of State.

The Ministry of Labor reported that consumer price growth in the US slowed in February on the back of a decline in gasoline prices and a moderate rental price, indicating that the expected inflation rate is likely to be gradual. The consumer price index in January rose by 0.2 percent after it rose 0.5 percent in January. In the 12 months to February, the index increased by 2.2 percent, compared with 2.1 percent in January, as weak figures for the previous year were out of the calculation. Without taking into account volatile food products and energy components, the consumer price index rose 0.2 percent after accelerating by 0.3 percent in January. In February, the growth of the so-called basic consumer price index was unchanged at 1.8 percent.

Most components of the DOW index recorded a decline (25 out of 30). Outsider were shares of General Electric Company (GE, -4.70%). The leader of growth was UnitedHealth Group Incorporated (UNH, + 1.58%).

All sectors of S & P completed the auction in the red. The largest decline was demonstrated by the technological sector (-1.5%).

At closing:

Dow -0.68% 25.007.03 -171.58

Nasdaq -1.02% 7,511.01 -77.31

S & P -0.64% 2.765.30 -17.72

• Says Moscow lodged official protest with UK ambassador over groundless spy-poisoning allegations

• Labor market has become "good deal" healthier over past year but some slack still remaining

• There is degree of untapped supply potential in economy; canada may be able to have more growth without higher inflation

• Cannot know in advance how far capacity-building process can go, obliged to let it occur

• If economy builds more supply than usual, puts downside risk on inflation; if less supply, creates upside risk to inflation; boc's job to balance risk

• BoC cannot take mechanical approach to policy, even though interest rates likely to move higher over time

• Uncertain processes entail upside, downside risks to inflation; monetary policy remains particularly data

• Repeats will remain cautious in considering future policy adjustments, guided by incoming data

• Youth, women, indigenous people represent untapped sources of potential economic growth

U.S. stock-index futures rose on Tuesday after data showed that the rate of CPI growth eased in February, signaling that pickup in inflation probably will be only gradual this year.

Global Stocks:

Nikkei 21,968.10 +144.07 +0.66%

Hang Seng 31,601.45 +7.12 +0.02%

Shanghai 3,311.28 -15.42 -0.46%

S&P/ASX 5,974.70 -21.40 -0.36%

FTSE 7,195.85 -18.91 -0.26%

CAC 5,292.28 +15.57 +0.30%

DAX 12,416.01 -2.38 -0.02%

Crude $61.08 (-0.46%)

Gold $1,326.20 (+0.41%)

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

NIKE (NKE) initiated with an Outperform at Credit Suisse; target $78

General Electric (GE) target lowered to $11 from $14 at JP Morgan

• A trade war could threaten global economic rebound, would be "fairly damaging

• Sees tax cuts adding 0.5-0.75 percentage point to U.S. growth outlook in 2018 and 2019

• Sees UK growth trailing all other G20 countries this year over brexit uncertainty

• Says UK cannot expect to be third country and have EU membership benefits after Brexit

The Consumer Price Index increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.2 percent before seasonal adjustment.

The all items index rose 2.2 percent for the 12 months ending February, a slightly larger increase than the 2.1-percent rise for the 12 months ending January. The index for all items less food and energy rose 1.8 percent over the past year, while the energy index increased 7.7 percent and the food index advanced 1.4 percent.

EUR/USD

Resistance levels (open interest**, contracts)

$1.2480 (1031)

$1.2453 (467)

$1.2433 (1334)

Price at time of writing this review: $1.2321

Support levels (open interest**, contracts):

$1.2262 (3618)

$1.2224 (3180)

$1.2182 (3845)

Comments:

- Overall open interest on the CALL options and PUT options with the expiration date April, 6 is 91933 contracts (according to data from March, 12) with the maximum number of contracts with strike price $1,2150 (4639);

GBP/USD

Resistance levels (open interest**, contracts)

$1.4050 (1751)

$1.4017 (308)

$1.3982 (216)

Price at time of writing this review: $1.3886

Support levels (open interest**, contracts):

$1.3817 (3092)

$1.3785 (1207)

$1.3750 (3510)

Comments:

- Overall open interest on the CALL options with the expiration date April, 6 is 31235 contracts, with the maximum number of contracts with strike price $1,3950 (3077);

- Overall open interest on the PUT options with the expiration date April, 6 is 28244 contracts, with the maximum number of contracts with strike price $1,3800 (3510);

- The ratio of PUT/CALL was 0.90 versus 0.92 from the previous trading day according to data from March,12

* - 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.

• Macro-prudential policy ultimately can't control the housing cycle

• Keen to see macro-prudential develop as credible and sustainable policy

In Q4 2017, net payroll job creation reached 72,700, that is an increase of +0.3% after an increase of +0.2% in the previous quarter. Payroll employment increased by 82,300 in the private sector while it decreased by 9,600 in the public sector because of the decline in the number of subsidised employment contracts. Year on year, it rose by 268,800 net jobs (+1.1%): 277,700 jobs were created in the private sector and 8,900 jobs were destroyed in the public service.

• After suspected poisoning of Skripal, Britain will stand ready to take more extensive measures against Russia

• Priority is on investor protection, anti-money laundering safeguards