Hurricane Harvey influenced not only the oil market, but also the US stock market.

On Monday, the main stock index closed on Monday near the neutral mark, as investors evaluated the consequences of the disaster. The losses of insurance and oil companies were offset by growth in retail chains, health care and construction stores. In addition, it became known that the deficit of international trade in July was $ 65.1 billion, which was $ 1.1 billion more than in June. The export of goods for July amounted to $ 127.1 billion, a decrease of $ 1.6 billion compared to June. Import of goods for July was $ 192.2 billion, down by $ 0.5 billion compared with June.

Tuesday was nervous enough because of the news from the Korean peninsula. According to Japanese media, North Korea launched a missile in the direction of northern Japan. The rocket flew over the island of Hokkaido and in 1180 kilometers from it fell into the Pacific Ocean. The Japanese government called the DPRK's actions "an unprecedented threat," calling an emergency meeting of the UN Security Council.

By the middle of the week, the market stabilized and on Wednesday went over to growth. The main reason for this was data on GDP and the US labor market. Data from ADP showed that the growth rate of employment in the private sector of the US accelerated in August stronger than expected. According to the report, the number of employees increased by 237 thousand compared with the revised growth for July at 201 thousand (originally reported growth of 178 thousand). Analysts had expected the number of employees to increase by 185 thousand. A second estimate by the Ministry of Commerce showed that the recovery in the US economy in the second quarter was stronger than originally reported. According to the report, GDP grew by 3% from April to June, compared with the original index of 2.6%, which was the largest quarterly growth in two years.

On Thursday there was a report of the Ministry of Trade, which had a decisive influence on the growth of stock indices. According to the data, consumer spending grew by 0.3% last month after revised with an increase of 0.2% in June. Economists predicted that spending would grow by 0.4% after earlier reported an increase of 0.1% in June. However, according to the National Association of Realtors, unfinished transactions for the sale of housing declined in July, 4 times in 5 months. The index of unfinished transactions for the sale of housing (PHSI) fell by 0.8% to 109.1 in July, with a revised 110.0 in June. After the decline last month, the index is now 1.3% lower than a year ago, with the annual indicator worsening in three of the last four months.

The last trading day of the week ended in growth, despite the released data on the labor market. The Ministry of Labor reported that the number of jobs in the non-agricultural sector increased by 156,000 after rising by 189,000 in July. The unemployment rate increased by 0.1 percent to 4.4 percent. Economists predicted the increase in employment by 182,000, and the preservation of unemployment at 4.3 percent. Average hourly earnings increased by 0.1 percent after they rose by 0.3 percent in July, keeping the annual wage increase at 2.5 percent.

 

Company news

20.09.2017 Changes in the accuracy of NZDUSD. Read more ...
15.09.2017 Changes in specifications of Bitcoin CFD-instrument since 18th of September 2017. Read more ...
03.09.2017 Changes in the trading schedule for CFD instruments on September 4 due to Labor Day in the United States. Read more ...
29.06.2017 Summer will be hot! Become a client of the company in July and get a cashback from the trade! Read more ...
28.06.2017 Change of trading sessions in CFD instruments on July 4, 2017 due to Independence Day. Read more ...
Show all

Expert view

18.09.2017 New highs of stock indexes Read more ...
18.09.2017 Oil market: the week of growth Read more ...
11.09.2017 Investors to wait for a new hurricaine Read more ...
11.09.2017 Oil to raise regardless the hurricaines Read more ...
03.09.2017 Hurricane and US stock market Read more ...
Show all

Market news

Show all

The payment services are provided by Cauri LTD, 20-22 Wenlock Road, London, N1 7GU, UK, registered number 09507138
(check https://register.fca.org.uk), Win Pay (check http://win-pay.biz).

RISK WARNING STATEMENT. TO ATTENTION OF TRADERS AND INVESTORS!

Our services include products that are traded on margin and carry a risk that you can lose more than your initial deposit. The products may not be suitable for everyone - please ensure you fully understand the risks involved. There is a high level of risk involved with trading leveraged products such as forex and CFDs. You should not risk more than you can afford to lose, it is possible that you may lose more than your initial investment. You should not trade unless you fully understand the true extent of your exposure to the risk of loss. When trading, you must always take into consideration your level of experience. It is the responsibility of the Client to ensure that the Client can accept the Services and/or enter into the Transactions in the country in which the Client is resident. If the risks involved seem unclear to you, please seek independent advice.

 

CLIENT AGREEMENT PDF
PRIVACY POLICY PDF
RISK DISCLOSURE STATEMENT PDF
REFUND AND RETURN POLICY
AML&KYC POLICIES PDF
FRAUD VERIFICATION PROCEDURE PDF
REGULATIONS OF TRADING PDF
RESPONSIBLE ATTITUDE