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Australia Market rebounds on bargain hunting
Nov 07,2016

Australian share market advanced for the first time in last five sessions on Monday, 07 November 2016, on the back of bottom fishing in recently battered stocks amid positive developments on US election front as the FBI said Hillary Clinton would not face charges over her use of a private email server. Every industry category on the main section except bullion issue gained ground, led by healthcare, energy, financials, information technology, consumer discretionary issues. At the closing bell, the benchmark S&P/ASX 200 index surged 70 points, or 1.35%, to 5,250.80, while the broader All Ordinaries index rebounded 67.80 points, or 1.29%, to 5,330.90.

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US stocks drop despite mixed job report
Nov 07,2016

U.S. stocks failed to defend gains on Friday, 04 November 2016 with the S&P 500 ending lower for a ninth straight session in the longest losing streak since December 1980. Equity indices began the day on a modestly higher note as a mixed reading of the Employment Situation Report for October did little to alter the rate hike picture for December.

But the major averages finished near session lows as six sectors ended in the red. The consumer staples sector ended behind financials and energy while health care, materials and industrials led the pack.

The Dow Jones Industrial Average slid 42.39 points, or 0.2%, to finish at 17,888.28 for a weekly drop of 1.5%. The Nasdaq Composite Index fell 12.04 points, or 0.2%, to end at 5,046.37, also marking a nine-day drop while closing out the week 2.8% lower. The S&P 500 shed 3.48 points, or 0.2%, to close at 2,085.18, falling 1.9% for the week. The streak has been long, but shallow, with the index shedding just a little more than 3% over the nine-day run.

Latest job report from Labor Department showed that the U.S. added 161,000 new jobs in October, and the unemployment rate fell to 4.9% from 5%, though remained near an eight-year low. Hourly pay, meanwhile, has climbed by 2.8% over the past year, the fastest 12-month rise since June 2009.The report reflected a tight labor market thats forced firms scrambling to fill open positions to increase pay at the fastest pace since 2009.

Separate report showed that the U.S. trade gap shrank to $36.4 billion from a revised $40.5 billion in August.

Atlanta Fed President Dennis Lockhart, who is scheduled to step down in February, said interest rates would stabilize at a lower level than in past expansions after very gradual hikes over the next two years.

Crude oil futures ended at a more-than-six-week low on Friday, 04 November 2016 posting a nearly 10% weekly slide as traders dealt with uncertainty surrounding a plan by the Organization of the Petroleum Exporting Countries to curb output. Prices fell sharply after reports that Saudi Arabia threatened to raise its oil production if Iran refused cap its output.

West Texas Intermediate crude for delivery in December fell 59 cents, or 1.3%, to settle at $44/barrel o\n the New York Mercantile Exchange, after tapping a low of $43.57. Futures lost 9.5% for the week, which marked the largest weekly percentage loss since mid-January.

January Brent crude fell 77 cents, or 1.7%, to $45.58 a barrel, with prices based on the most-active contracts down by more than 8% for the week, FactSet data show. Prices for the January contract lost just over 10% for the week. The settlement was the lowest since early September.

Crude oil prices fell to a fresh 6-week low following comments from Saudi Arabia, stating they would raise output to 11-12 mln barrels/day with the intention of bringing prices down if Iran does not agree to limit its own oil supply. Iran continues to take the position that they should be exempt from an OPEC oil output cut due to years of missed revenue from previously imposed sanctions by America. Saudi Arabias most recent production levels were around 10.5-10.7 mln barrels/day.

Bullion prices finished on a mixed mode on Friday, 4 November 2016 at Comex. Gold futures settled with a modest gain on Friday to tally more than 2% climb for the week, as uncertainty surrounding the U.K.s exit from the European Union and the coming U.S. election raised the metals attractiveness as a haven. U.S. data showed a sizable October gain in new jobs, further lifting the prospects for a Federal Reserve interest-rate increase in Decembern++a prospect thats weighed on gold in the past.

Gold for December delivery rose $1.20, or less than 0.1%, to settle at $1,304.50 an ounce. Prices saw weekly gain of 2.2%, which marked the metals fourth-consecutive weekly gain. December silver reversed from earlier gains to lost 4.5 cents, or 0.2%, to end at $18.371 an ounce, paring its weekly rise to roughly 3.2%.

Treasuries finished on a higher note as the long end of the curve outperformed. The yield on the 2-yr note finished lower by two basis points (0.79%) while the yield on the 10-yr note ended lower by four basis points (1.77%).

Fridays trading volume was above the average of 861 million as more than 892 million shares changed hands at the NYSE floor.

Mondays economic calendar is limited to Consumer Credit for September (consensus $17.5 billion), which will cross the wires at 15:00 ET.

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Hong Kong Stocks slide amid US election uncertainty
Nov 04,2016

The Hong Kong stock market declined to 3-month low on Friday, 04 November 2016, amid agony over the potential of a Donald Trump presidency in the United States. The Hang Seng Index fell 0.18% or 40.89 points to 22642.62, while the Hang Seng China Enterprises Index rose 0.1% or 9.50 points to 9491.51. Turnover decreased to HK$51 billion from HK$54.9 billion on Thursday. The Hang Seng Index dropped 1.4 percent this week

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China Market falls as US vote anxiety
Nov 04,2016

Mainland China stock market finished session slight lower on Friday, 04 November 2016, as lingering worries over the looming US election outcome overshadowed signs of a stabilising Chinese economy. The benchmark Shanghai Composite Index went down 0.12% to close at 3,125.32 points. The CSI 300 index of the 300 biggest companies traded in Shanghai and Shenzhen dropped 0.32% to close at 3,354.17 points.

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Nikkei falls as US poll jitters lift yen
Nov 04,2016

The Japan share market finished the session steep lower on Friday, 04 November 2016, with risk sentiments dragged down by tracking drops in Wall Street overnight and the yens ascent against greenback. Meanwhile, the likelihood of a tight US presidential race and concerns over the outcome of the Federal Reserve meeting spooked sentiment. Total 31 out of 33 TSE sectoral issues declined, with Transportation Equipment, Insurance, Pharmaceutical, Marine Transportation, Wholesale Trade, Mining, and Construction issues being major losers. The benchmark Nikkei 225 index fell 1.34%, or 229.32 points, to 16,905.36, while the Topix index of all first-section issues was down 1.56%, or 21.40 points, at 1,347.04.

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Australia Market slips for fourth day
Nov 04,2016

Australian share market declined for fourth session in row on Friday, 04 November 2016, with investors continued opting for safe heaven assets on nervousness ahead of next weeks U.S. presidential election. Opinion polls showing a tightening White House race between Democrat Hillary Clinton and Republican Donald Trump have rattled markets. Every industry category on the main section except realty and utilities issues lost ground, led by financial trust, financial, material, energy, and industrial issues. At the closing bell, the benchmark S&P/ASX 200 index dropped 44.80 points, or 0.86%, to 5,180.80, while the broader All Ordinaries index was down 43.50 points, or 0.82%, to 5,263.10. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index declined 2% for the week.

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Asia Pacific Market: Stocks drop on U.S. election uncertainty
Nov 04,2016

Asia Pacific share market ended steep lower on Friday, 04 November 2016, on tracking sharp losses on Wall Street, as uncertainty over the US election sent investors rushing into the safe heaven assets.

The battle between Democrat Hillary Clinton and Republican Donald Trump has tightened significantly in the past week, as several swing states that were leaning toward Clinton are now considered toss-ups. Clinton has been viewed as the candidate of the status quo, while many fear that a Trump victory on Tuesday would carry global risks to trade and growth.

Fresh polls released yesterday, 3 November 2016 reportedly showed that Democrat Hillary Clinton, who is seen as the status quo candidate by markets, maintained her narrow lead over Republican Donald Trump. Investors generally view Clinton as a known quantity, but there is deep uncertainty about what a Trump win might mean for US economic policy, free trade and geopolitics.

Among Asian bourses

Australia Market slips for fourth day

Australian share market declined for fourth session in row, with investors continued opting for safe heaven assets on nervousness ahead of next weeks U.S. presidential election. Opinion polls showing a tightening White House race between Democrat Hillary Clinton and Republican Donald Trump have rattled markets. Every industry category on the main section except realty and utilities issues lost ground, led by financial trust, financial, material, energy, and industrial issues. At the closing bell, the benchmark S&P/ASX 200 index dropped 44.80 points, or 0.86%, to 5,180.80, while the broader All Ordinaries index was down 43.50 points, or 0.82%, to 5,263.10. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index declined 2% for the week.

Metal and mining stocks declined. Resources giants BHP Billiton and Rio Tinto were off 1.7% and 0.6%, respectively, while Fortescue Metals cruised 0.7% higher mirroring a small lift in the iron ore price Thursday night.

Mayne Pharma plummeted 15.4% after news broke the US Department of Justice has launched an investigation into price collusion in the generic drugs market.

Shares in explosives maker Orica soared 8.3% after the company swung back into the black with a A$340 million profit.

Flight Centre Travel Group shares were off 8% after the Australias biggest listed travel agent warned first-half underlying profit could fall nearly a third, sending its shares plunging and underscoring the effects of a host of geopolitical events on tourism. The downgrade builds on gloomy trading updates from the countrys two top airlines, Qantas Airways and Virgin Australia, which said this week they are experiencing intense competition for international fares due to soft demand.

Nikkei falls as US poll jitters lift yen

The Japan share market finished the session steep lower, with risk sentiments dragged down by tracking drops in Wall Street overnight and the yens ascent against greenback. Meanwhile, the likelihood of a tight US presidential race and concerns over the outcome of the Federal Reserve meeting spooked sentiment. Total 31 out of 33 TSE sectoral issues declined, with Transportation Equipment, Insurance, Pharmaceutical, Marine Transportation, Wholesale Trade, Mining, and Construction issues being major losers. The benchmark Nikkei 225 index fell 1.34 per cent, or 229.32 points, to 16,905.36, while the Topix index of all first-section issues was down 1.56 per cent, or 21.40 points, at 1,347.04.

Export related stocks hit hard on tracking yen ascent against US dollar. oyota plunged 4.04 percent from the previous session to 5,698 yen, while Mazda sank 5.07 percent to 1,570 yen, with a cut in its annual profit outlook Wednesday also weighing on the share price. Sony fell 2.75 percent to 3,175 yen and Nintendo was off 3.91 percent to 24,400 yen. Canon lost 0.90 percent to 2,970 yen.

Shares in Takata were suspended after the Nikkei business daily reported that the airbag maker was preparing for a possible bankruptcy protection filing of its US unit as recall costs rise. Takata, however, said it has not made any decision nor has facts to be disclosed concerning the matter and added there was no new decision since a similar news report last month.

China Market falls as US vote anxiety

Mainland China stock market finished session slight lower, as lingering worries over the looming US election outcome overshadowed signs of a stabilising Chinese economy. The benchmark Shanghai Composite Index went down 0.12% to close at 3,125.32 points. The CSI 300 index of the 300 biggest companies traded in Shanghai and Shenzhen dropped 0.32% to close at 3,354.17 points.

Comforted by recent upbeat manufacturing and service data, Chinese investors are turning their attention to a flurry of fresh economic data in the coming weeks that is widely expected to reinforce views that the worlds second-largest economy is stabilising.

Most sectors dipped, dragged in particular by property and transport stocks, as well as massive profit-taking in speculative stocks. Guangzhou Automobile Group gained more than 6 per cent in heavy volume. The car maker aims to raise up to 15 billion yuan ($2.22 billion)via private placement to fund green car and proprietary brand push.

Hong Kong Stocks slide amid US election uncertainty

The Hong Kong stock market declined to 3-month low, amid agonizing over the potential of a Donald Trump presidency in the United States. The Hang Seng Index fell 0.18% or 40.89 points to 22642.62, while the Hang Seng China Enterprises Index rose 0.1% or 9.50 points to 9491.51. Turnover decreased to HK$51 billion from HK$54.9 billion on Thursday. The Hang Seng Index dropped 1.4 percent this week

The UKs High Court ruled that Parliament must give its approval before Brexit can begin. CKI Holdings (01038) jumped 3.4% to HK$65.55. It was top blue-chip gainer. Power Assets (00006) gained 0.8% to HK$73.65.

Sands China (01928) reported 9-month adjusted EBITDA growth of 15% to US$629 million, triggering a slew of research houses bullish comments. But the stock pared its gains in afternoon trade, and ended up barely 0.3% to HK$34.05. Galaxy Entertainment (00027) fell 1% to HK$31.75.

Lenovo (00992) softened 0.2% to HK$4.86 after it reported interim turned red. SMIC (00981) soared 8.8% to HK$1.11 ahead of its earnings report on Monday (7 November).

Sensex slides 0.6%

Indian benchmark indices declined as negative global cues spoiled investors sentiment. The barometer index, the S&P BSE Sensex, fell 156.13 points or 0.57% to settle at 27,274.15. The Nifty 50 index fell 51.20 points or 0.60% to settle at 8,433.75. Selling pressure was witnessed in select mid-cap and small-cap stocks.

Shares of cigarette major ITC jumped 3.64% to Rs 249.10 as fears of Goods and Services Tax overhang has subsided after the GST council finalised four-tier tax structure. The GST council approved four main tax slabs 5%, 12%, 18% and 28% under the proposed Goods and Services Tax (GST).

Engineering and construction major L&T fell 1.78% to Rs 1,418.90. Media reports suggested that the government is selling stake in L&T via block deal mechanism on the stock exchanges today, 4 November 2016. As per reports, the government proposes to offload up to 3% stake in the company held under Specified Undertaking of the Unit Trust of India (Suuti). The base price for the share sale has been set at Rs 1,415.66 per share, about 2% discount to the stocks closing price of Rs 1,444.55 on the BSE yesterday, 3 November 2016, reports added. Suuti currently holds 8.14% stake in L&T as per the shareholding pattern as on 30 September 2016.

State run coal mining major Coal India lost 3.44% to Rs 315.50 on reports that a foreign brokerage has maintained underperform rating on the stock with a target price of Rs 270.

Colgate-Palmolive (India) rose 3.40% to Rs 983.85 on reports a foreign brokerage has upgraded the stock to outperform from neutral and revised target price on the stock to Rs 1,150 from Rs 1,100 earlier.

Elsewhere in the Asia Pacific region: New Zealands NZX50 lost 1% to 6708.47. Indonesias Jakarta Composite index rose 0.6% to 5362.66. Taiwans Taiex flat at 9068. South Koreas KOSPI index shed 0.1% to 1982.02. Malaysias KLCI was flat at 1648. Singapores Straits Times index eased 0.5% to 2788.80.

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US stocks drop for eighth straight session
Nov 04,2016

U.S. stocks closed lower on Thursday, 03 November 2016 marking the S&P 500s longest losing streak since the depths of the financial crisis, as Facebook shares slumped and investors fretted over election uncertainty. Equity indices stumbled in the opening hour as a reversal in crude oil and weakness in the influential technology sector weighed on the broader market. This was the eighth successive drop for Wall Street.

The Dow Jones Industrial Average fell for a sixth straight day, declining 28.97 points, or 0.2%, to close at 17,930.67. The Nasdaq Composite fell 47.16 points, or 0.9%, to 5,058.41, as Facebook, one of its largest components, dropped sharply. The S&P 500 finished down 9.28 points, or 0.4%, at a nearly four-month closing low of 2,088.66, with eight of the main 11 sectors closing lower. The tech and health care sectors led the decliners, each with a 1% loss.

Eighteen out of thirty Dow components ended lower with shares of Pfizer and Intel dragging on the average.

A number of economic reports, including jobless claims, productivity data, factory orders and the nonmanufacturing ISM survey, largely underlined a theme of steady economic growth and were seen as strong enough to justify expectations for the Federal Reserve to raise interest rates at its December meeting. The central bank kept interest rates unchanged Wednesday, but signaled that its inching closer to a December interest-rate hike.

Oil began the day on a modestly higher note, rebounding from its recent losing streak. The energy component has been under pressure in recent days as investors reassess the previously announced OPEC supply freeze agreement and mull over some disappointing weekly inventory data. WTI crude slipped below the $45.00/bbl in the opening hour, finishing down 2.0% at $44.45/bbl.

Shares in Facebook closed down 5.7% after the social-media giant warned late Wednesday that growth rates for its advertising revenue will n++come down meaningfully.n++

Among economic reports expected for the day, the number of people who applied for unemployment benefits at the end of October rose by 7,000 to a three-month high of 265,000, but the rate of layoffs in the U.S. remains extremely low. Initial claims for the week ending October 29 rose by 7,000 to 265,000 (consensus 256,000). Continuing claims for the week ending October 22 decreased by 14,000 to 2.026 million.

Meanwhile, American firms and employees boosted their productivity in the third quarter for the first time in 2016, but the longer-term trend is still a poor one that bodes ill for the U.S. economy. Nonfarm business sector labor productivity increased at a 3.1% annual rate in the third quarter (consensus 1.8%). This was the first increase after three consecutive quarterly declines and was further underpinned by an upward revision to second quarter productivity to -0.2% from -0.6%.

Separate report showed that factory orders rose 0.3% in September. Meanwhile, ISM services index fell to 54.8% in October from 57.1%, below the 56% forecast.

Treasuries finished on a mixed note as the long end of the curve underperformed. The yield on the 2-yr note finished flat (0.82%) while the yield on the 10-yr note finished the day up one basis point (1.81%).

Todays trading volume was above the average of 860 million as more than 880 million shares changed hands at the NYSE floor.

Tomorrows economic data will include the 8:30 ET release of the September Trade Balance (consensus -$38.5 billion) and the Employment Situation Report for October. Market expects the jobs report to show an increase of 175,000 in nonfarm payrolls.

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Flat finish for US stocks
Oct 20,2016

US stocks ended the midweek affair on a flat note on Wednesday, 19 October 2016 as investors responded to a fresh batch of quarterly earnings reports and a rally in crude oil futures. The broader market inched higher at the start of the session as better-than-expected quarterly results from members of the energy and financial sectors helped boost risk appetite in the broader market.

The Dow Jones Industrial Average advanced 40.68 points, or 0.2%, to finish at 18,202.62 and the tech-heavy Nasdaq Composite Index rose 2.58 points to close at 5,246.41. S&P 500 index rose 4.69 points, or 0.2%, to close at 2,144.29.

Eight sectors ended in positive territory with energy, financials, materials and consumer discretionary leading the pack.

Among earning reports, Morgan Stanley climbed 1.9% after it reported a profit that beat analyst forecasts. The stock was the latest in a string of financials n++ including Goldman Sachs and J.P. Morgan Chase, that topped consensus expectations and boosted equities.

Intel was the worst performer in both the Dow and the S&P 500 after it reported a disappointing revenue outlook, even as its third-quarter earnings rose almost 9%. The stock slumped 5.9%.

A reading of economic conditions, known as the Federal Reserves beige book, showed that parts of the U.S. economy grew at a moderate pace. The anecdotal account of economic conditions at the Feds districts was released half an hour after gold futures settled. Metals were little-changed after the report.

Data released early Wednesday showed that U.S. housing starts ran at an annual 1.047 million pace in September. That was 9% lower than in August. The downbeat economic data could dull prospects for an interest-rate increase by the Federal Reserve before the year is up. Separately, the MBA Mortgage Index indicated that mortgage applications rose 0.6% in the week ending October 15. This followed a 6.0% decrease in the prior week.

The next Fed meeting is Nov. 1-2, but expectations for a rate increase at that meeting, so close to the election, are slim. Those odds rise sharply, to around 60%, for a December hike, although investors continue to question how aggressive the Fed will need to be.

Bullion prices ended higher at Comex on Wednesday, 19 October 2016. Gold futures on Wednesday logged a third straight session, climbing to their best level in two weeks, as the U.S. dollar continued to trade off multimonth highs hit earlier this month on the back of a drop in monthly domestic housing starts.

December gold rose $7, or 0.6%, to settle at $1,269.90 an ounce. December silver climbed by 2.5 cents, or 0.1%, to $17.663 an ounce after tapping a low of $17.57.

Crude oil futures rallied on Wednesday, 19 October 2016 at Nymex with the U.S. benchmark settling at a roughly 15-month high after U.S. government data revealed a surprise drop in crude stockpilesn++the sixth decline in seven weeks. Prices got off to an upbeat start after an official from Saudi Arabia said crude producers who arent OPEC members have shown willingness to join the cartels effort to limit output.

November West Texas Intermediate crude which expires at Thursdays settlement, gained $1.31, or 2.6%, to settle at $51.60 a barrel on the New York Mercantile Exchange. December Brent crude rose 99 cents, or 1.9%, to $52.67 a barrel on Londons ICEFutures exchange, for its highest finish in over a week.

The U.S. Energy Information Administration early Wednesday reported that domestic crude supplies dropped by 5.2 million barrels in the week ended 14 October. Market had expected a 2.5 million-barrel climb. Among the products, gasoline supplies rose by 2.5 million barrels, while distillate stockpiles fell by 1.2 million barrels.

Treasuries finished on a flat note as yields finished little changed across the curve. The yield on the 2-yr note settled at 0.80% while the yield on the benchmark 10-yr note finished at 1.74%.

Todays trading volume fell below the average of 853 million as 798 million shares changed hands at the NYSE floor.

Thursdays economic data will include the 8:30 ET release of weekly initial claims (consensus 249k) and the Philadelphia Fed Survey for October (consensus 5.5). Separately, the September Existing Home Sales Report (consensus 5.30 million) and September Leading Indicators (consensus 0.2%) will be released at 10:00 ET.

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Australia Market gains on Tatts-Tabcorp merger
Oct 19,2016

Australian share market extended gains into a second session on Wednesday, 19 October 2016, with sentiments boosted up by Tatts-Tabcorp merger deal and Chinese government data that showed the Chinese economy grew in line with expectations for the July-September quarter. At the closing bell, the benchmark S&P/ASX 200 index advanced 24.60 points, or 0.45%, to 5,435.40, while the broader All Ordinaries index was up 26.40 points, or 0.48%, to 5,518.40. Rising stocks outnumbered declining ones on the Australia Stock Exchange by 650 to 401 and 293 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 5.20% to 13.274.

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Japan Market extends gain on yen easing
Oct 19,2016

The Japan share market inclined for third consecutive session on Wednesday, 19 October 2016, on the back of Chinese economic data that confirmed the economy had stabilized. Sentiment was also buoyed by Wall Street advancing overnight on solid corporate earnings. Total 21 out of 33 TSE sectoral issues advanced, with Fishery, Agriculture & Forestry, Retail Trade, Real Estate, and Securities & Commodities Futures issues being major gainers, whereas Mining, Insurance, Marine Transportation, and Nonferrous Metals issues being major losers. The 225-issue Nikkei average gained 35.30 points, or 0.21%, to close at 16,998.91. The Topix index of all first-section issues ended up 0.63 points, or 0.05%, at 1,357.20.

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China Stocks surge on pleasing new loan data
Oct 19,2016

Mainland China stock market finished the session mixed on Wednesday, 19 October 2016, due to watering expectations for monetary easing after data showed Chinas economy grew as expected in the third quarter. Most sectors were basically flat, with infrastructure stocks leading the gains. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.15%, to 3,316.24 points, while the Shanghai Composite Index inclined 0.03% to 3084.72 points.

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Hong Kong Stocks bounce 1.55%
Oct 19,2016

The Hong Kong stock market closed down on Wednesday, 19 October 2016, on Chinas third-quarter economic data, which came in roughly as expected. The Hang Seng Index declined 0.38% or 89.42 points to 23,304.97, while the Hang Seng China Enterprises Index shed 0.81% or 78.98 points to 9,641.22. Turnover reduced to HK$54.5 billion from HK$59.9 billion on Tuesday.

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US stocks end higher amid strong earning reports
Oct 19,2016

U.S. stocks closed higher on Tuesday, 18 October 2016 as investors welcomed stronger-than-expected quarterly results from a roster of companies, including Goldman Sachs Group, United Health Group and Netflix Inc. A positive bias in global markets and some mixed inflation data also contributed to todays upbeat demeanor. Meanwhile, reports on inflation and home-builder confidence that were in line with forecasts underlined market expectations that the Federal Reserve is likely to raise interest rates in December.

The Dow Jones Industrial Average rose 75.54 points, or 0.4%, to close at 18,161.94, with gains capped by a selloff in IBM. The Nasdaq Composite Index added 44.01 points, or 0.9%, to close at 5,243.84, boosted by sharp gains in biotechnology stocks. The S&P 500 index finished up 13.10 points, or 0.6%, at 2,139.60, with all 11 main sectors trading higher. The health-care, materials and utilities sectors led gainers.

The third-quarter earnings reporting season picked up in earnest this morning as participants pored over reports from the likes of Netflix, UnitedHealth, Goldman Sachs, IBM and Johnson & Johnson. All five names topped bottom-line estimates for the quarter, but the results were met with mixed reactions.

European markets outperformed on the heels of an above-consensus inflation reading out of the UK. All eleven S&P 500 sectors finished in the green with health care, materials, utilities, financials and technology leading the pack.

IBM shares closed down 2.6% after the company posted a drop in profit and revenue late Monday. Meanwhile, shares of Netflix surged, closing up 19% after results blew past Wall Street expectations.

Todays economic data included the CPI Report for September and the NAHB Housing Market Index for October. The all items index was up 0.3% in September, which was in-line with expectations, while the all items index, excluding food and energy, was up 0.1% (consensus +0.2%).

Separately, the NAHB Housing Market Index for October came in at 63 (consensus 59.0) from an unrevised 65 in September.

Precious metals ended substantially higher at Comex on Tuesday, 18 October 2016. Gold futures on Tuesday book its highest settlement level in nearly two weeks, as strength in the British pound helped the U.S. dollar ease back from recent multimonth highs. Signs of a pickup in inflation, which tends to be supportive for gold, also gave the metal a lift.

December gold rose $6.30, or 0.5%, to settle at $1,262.90 an ounce. December silver put up the bigger move, adding 16.5 cents, or 0.9%, to $17.638.

Gold gained as the dollar pulled back from recent highs. The ICE U.S. Dollar Index which measures the buck against a basket of six currencies, traded nearly flat as of golds settlement, after touching seven-month highs on Monday. A stronger greenback can put pressure on dollar-denominated gold and vice versa.

Crude oil futures settled higher on Tuesday, 18 October 2016 at Nymex with prices in New York reclaiming the $50-a-barrel level after posting losses over the past two trading sessions. The Organization of the Petroleum Exporting Countries Secretary-General Mohammad Barkindo voiced the groups commitment on Tuesday to limit crude production, but concerns that a recent rise in oil prices, which logged gains for the last four weeks in a row, will spur more U.S. shale production kept a lid on oils price gains.

November West Texas Intermediate crude added 35 cents, or 0.7%, to settle at $50.29 a barrel on the New York Mercantile Exchange, rebounding an intraday low of $49.76. December Brent crude on Londons ICE Futures exchange rose 16 cents, or 0.3%, to $51.68 a barrel.

Treasuries finished on a higher note as yields pulled back across the curve. The yield on the 2-yr note declined one basis point to 0.81% while the yield on the benchmark 10-yr note settled lower by two basis points (1.74%).

Todays trading volume fell below the average of 858 million as 742 million shares changed hands at the NYSE floor.

Tomorrows economic data will include the 7:00 ET release of the the weekly MBA Mortgage Index. Separably, Housing Starts (consensus 1168k) and Building Permits (consensus 1164k) for September will each cross the wires at 8:30 ET. The days data will be capped off with the release of the Feds Beige Book for October at 14:00 ET.

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China Producer Prices for the Industrial Sector Up In September
Oct 19,2016

China Producer Price Index (PPI) for manufactured goods increased 0.5% month-on-month, and increased 0.1% year-on-year in September 2016, according to National Bureau of Statistics of China data released on Tuesday. Since March 2012, the year-on-year growth rate has turned to positive from negative for the first time. The purchasing price index for manufactured goods increased 0.4% month-on-month, and decreased 0.6% year-on-year. On average from January to September, the PPI decreased 2.9% year-on-year, the purchasing price index for manufactured goods went down by 3.8% year-on-year.

Year-on-Year Changes of Prices of Different Categories

The year-on-year change of producer prices for means of production increased 0.1%, meaning 0.1 percentage point increase in the overall price level. Of which, producer prices for mining and quarrying industry increased 2.1%; that of raw materials industry decreased 0.2%; that of manufacturing and processing industry increased 0.1%. Producer prices for consumer goods remained at the same level (the amount of change was 0, similarly hereinafter) year-on-year. Of which, producer prices for foodstuff increased 0.3%, that of clothing increased 0.7%, that of commodities increased 0.5%, and that of durable consumer goods dropped by 1.5%.According to estimation, in the 0.1% increase in September, the carryover effect of last years prices changing was -1.5 percentage points, while new prices rising factors accounted for 1.6 percentage points.

The year-on-year purchaser price indices for fuel and power decreased 1.9%, chemical raw materials went down by 1.6%, ferrous metal materials increased 1.8%, non-ferrous metal materials and wires went up by 0.3%.

Month-on-Month Changes of Prices of Different Categories

The producer prices for means of production increased 0.6% month-on-month, meaning 0.5 percentage points increase in the overall price level. Of the total, producer prices for mining and quarrying industry went up by 2.9%, that of raw materials industry increased 1.1%, that of manufacturing and processing industry increased 0.2%. Producer prices for consumer goods remained at the same level month-on-month. Of which, producer prices for foodstuff increased 0.1%, that of clothing increased 0.2%, that of commodities decreased 0.2%, durable consumer goods decreased 0.1%.

The month-on-month purchaser price indices for fuel and power went up by 1.3%, that of ferrous metal materials increased 0.9%, that of building materials and non-metallic went up by 0.5%, that of non-ferrous metal materials and wires went up by 0.2%.

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