Friday 17th July 2015
Market Comment
Australia
The S&P/ASX 200 index increased 0.59% or 33.382pts to 5669.61 (day range: 5691.2 – 5643.9) on Thursday. The index is above its 20d MA (@ 5557) and above its 50d MA (@ 5600). 64% of the index constituents are above their 20D MA (vs 60% the previous session) and 45% of the shares are above their 50D MA (vs 43%).
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| The US dollar was higher against its U.S. counterparts on Thursday. On the economic data front, US initial jobless claims lowered to 281K for the week ending July 11 from a revised 296K in the week prior. (285K estimate). Continuing claims dropped to 2215K for the week ending July 4 from 2327K in the previous week (2300K estimate).
The euro was under pressure against its major pairs. In Europe, The ECB kept its main benchmark interest rate at 0.05%, as expected. Separately, euro zone consumer prices were flat in June, as anticipated, after a 0.2% increase in May. In other news, EU27 new car registrations jumped 14.6% in June after a 1.3% rise the month before. The Australian dollar was stronger against its major Pairs. |
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