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Friday's Report by Gerasimos Papagiannis

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1Friday's Report by Gerasimos Papagiannis Empty Friday's Report by Gerasimos Papagiannis Fri Sep 16, 2016 9:53 am

Trio Markets Broker EU

Market Overview:
Despite yesterday’s weak USA macroeconomic numbers the global stock market gained on expectations that Fed will not hike next week. Apple share price also helped USA market to recover. Markets in China, Taiwan, South Korea and Hong Kong are closed for public holidays while the economic data today is very soft. The most important number today is the USA CPI number. We do not see reasons to trade actively today as we expect low volatility and insignificant trading opportunities. We recommend you to hold as the next week will be one of the most significant of the last months. BOJ and Fed will reveal their thoughts about future policy and global and domestic economic status. The main problem that market examines at the moment is that there are significant evidences that the global economy is very weak to rebound without central bank support and this is a big headache for central bankers .

Key points:

• Deutsche Bank asked to pay $14bn in US probe
• 'Britain will give up on Brexit if they make negotiations tough enough' - EU official
• Australian stocks post longest weekly losing streak since 2014
• Junk bond funds see largest outflows since January

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