Asian markets were mixed. Wall Street closed at record highs but a slight slow down in Chinese GDP growth to 6.8% from 6.9% was enough to knock back Hang Seng and CSI 300. What else will appear as major market movers today? Let's find out with this 19 October Market moving fundamental events analysis from HotForex.
19 October, HotForex - By contrast, strong trade data out of Japan helped to underpin the Nikkei. Bank of Korea meanwhile kept policy on hold, but for the first time in a year, there was no dissenter in favour of a rate hike.
European Market Outlook
Oil prices little changed around the USD 52 per barrel mark and U.S. and U.K. stock futures are heading south, with markets correcting slightly after yesterday’s fresh run higher. The GER30 closed at record highs, the UK100 is no far off and with Bund futures lifting off lows in after hour trade yesterday, it may be time for markets to take a breather and some defensive trade today, as the EU’s Brexit summit and Spain’s deadline to Catalonia approach. Data releases today include U.K. retail sales as well as Swiss trade data.
Main Macro 19 October Market moving fundamental events
- UK Retail Sales- Expectations – a 0.1% m/m contraction.
- US Unemployment – Expectations -At 240K from 243K last week.
- Philly Fed Manufacturing Index – Expectations – to decline to 22.0 after the better than expected 4.9 point jump to 23.8 previously.
Support and Resistance Levels
This article about 19 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.
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