Market moving fundamental events

Asian stock markets traded cautiously as China’s Xi laid out his roadmap to 2015. What else will appear as major market movers today? Let's find out with this 18 October Market moving fundamental events analysis from HotForex.

18 October, HotForex - Drug makers in Hong Kong and China outperformed after the President vowed to develop the health industry. The Hang Seng is nevertheless slightly in the red and the Nikkei fluctuated amid concerns that indices are looking overbought.

18 October Market moving fundamental events

European Market Outlook

U.K. and U.S. futures are moving higher, after European markets closed mostly with slight losses yesterday and the GER30 failed to hold the 13000 mark. The Spanish IBEX outperformed despite the escalation of the Catalonia crisis, as Madrid prepares to take over control and Puigdemont faces a final ultimatum that runs out tomorrow.

In the U.K. Brexit remains high on the agenda after the OECD warned of its negative impact on the economy and ahead of this week’s EU summit on the state of the talks. Data releases today focus on U.K. labour market data and especially wage growth, which will be watched closely by the BoE.

United States Market Overview

U.S. reports revealed a Q3 underperformance for industrial production despite a 0.3% September bounce thanks to downward back-revisions, though a solid 3%-4% growth rate was expected for this index through Q4 and Q1.

The September trade price figures beat estimates thanks to a 1.0% surge in export prices ex-agriculture and a 4.5% petroleum import price rise, leaving headline gains of 0.8% for exports and 0.7% for imports, and rebounding global growth will lift both trade prices and the factory sector going forward. We also saw an NAHB index bounce to 68 in October from 64.

Main Macro 18 October Market moving fundamental events

  • ECB  – ECB President Draghi is due to deliver opening speech at the ECB conference in Frankfurt.
  • UK  Labor data – Expectations -Unemployment rate remain unchanged at 4.3%  and Household Earnings to rise by 2.1% y/y in the three months to August.
  • US Housing Permits – Expectations – Rise to a 1.200 mln pace following the 0.8% decline in August.
  • FOMC Speeches – NY Fed dove Dudley and Dallas Fed hawk Kaplan.

Support and Resistance Levels

18 October Market moving fundamental events


This article about 18 October Market moving fundamental events was written by Andria Pichidi, Market Analyst at HotForex. The provided article is a general marketing communication for information purposes only. It does not constitute an independent investment research. Nothing in this communication contains an investment advice or an investment recommendation. It also does not contain a solicitation for the purpose of buying or selling of any financial instrument.

All information provided gathered from reputable sources. Any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. We assume no liability for any loss arising from any investment made based on the information provided in this communication.

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