Market Comment |
Australia |
| The S&P/ASX 200 index rose 0.24% or 12.526pts to 5210.4 (day range: 5256 – 5197.9) on Thursday. The index is above its 20d MA (@ 5091) and below its 50d MA (@ 5221). 79% of the index constituents are above their 20D MA (vs 75% the previous session) and 49% of the shares are above their 50D MA (vs 48%).
Australia’s foreign reserves amounted to A$72.7B in September vs A$71.2B in August, according to the Reserve Bank of Australia. |
Foreign Exchange |
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| The US dollar was up against all its major counterparts on Thursday. On the economic data front, Initial jobless claims decreased by 13,000 to a seasonally adjusted 263,000 in the week ended Oct. 3. (274K estimate). Continuing claims came in at 2204K for the week ended Sept 26 from a revised 2195K the week before.
The Euro was higher against its major pairs. In Europe, German trade balance excess narrowed to E15.3B in August from E25B in July. It was expected to be E19B. Exports plunged by 5.2% while imports fell 3.1%. Bank of England kept its main benchmark interest rate at 0.5% and stuck to its asset purchase target of £375B. The Australian dollar was under pressure against its major pairs. |
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