Wednesday 15th July 2015
Market Comment
Australia
The S&P/ASX 200 index gained 1.9% or 104.233pts to 5577.4 (day range: 5587.1 – 5498.4) on Tuesday. The index is above its 20d MA (@ 5548) and below its 50d MA (@ 5604). 49% of the index constituents are above their 20D MA (vs 21% the previous session) and 35% of the shares are above their 50D MA (vs 20%).
Australia: The ANZ Roy Morgan Consumer Confidence Index declined to 107.0 in the week ended July 12 from 111.0 in the prior week.
Australia’s June business conditions was 11 (vs 6 in May) and business confidence was 10 (vs 8 in May), according to the National Australia Bank.
| Foreign Exchange | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| The US dollar was lower against its U.S. counterparts on Tuesday. On the economic data front, U.S. retail sales unexpectedly fell -0.3% in June from an increase of 1% revised in April. (0.3% estimate). June import prices decreased -0.1% from an increase of 1.2% in May. U.S. business inventories rose 0.3% in May in-line with estimates. U.S. June small business optimism fell to 94.1 in June from 98.3 in May vs 98.5 expected.
The euro was lower against its major pairs. In Europe, euro-zone industrial production dropped 0.4%.in May after being flat a month earlier (revised from +0.1%). Economists anticipated a 0.2% rise. German consumer prices fell 0.1% in June in final estimation, as expected. German ZEW investor confidence index for expectations slid to 29.7 in July from 31.5 in June. UK consumer prices were flat in June on a yearly basis from a 0.1% increase the month before. The Australian dollar was higher against its major Pairs. |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
