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African and International Market Report 19 August – 23 August 2019
African and International Market Report 19 August – 23 August 2019
Posted

By - Jamel Lahiani

Posted - 26-08-2019

Last week, Wall Street has tumbled with trade war intensifies as Trump hikes tariffs on Chinese goods and Beijing announced its own slate of retaliatory measures. The markets were affected also by Trump decision to rate cut that frustrate investors about its impacts to the dollar and world trade.

CLICK ALSO: Euro to Dollar Forecasts: The Fed Big Rate Cut, August 23, 2019

  • USD: on focus ;Core durable goods orders and Q2 GDP
  • GBP: Brexit frustrates investors
  • EUR: in focus; Germany’s GDP, CPI and unemployment rate data
  • AUD: US-China trade war weaken AUD
  • CAD: mixed effects of US-China trade war and fluctuating oil prices

Foreign Equities

The head indexes were negative because of trade war negative impact. The NASDAQ is the most loosely which record -3.00%. Dow Jones (US) and S&P 500 indexes record respectively a variation of -2.37 and -2.59. South African Index SA40 realized -0.39%.

Commodities

The Gold finished the week by an appreciation of 2.67% and records 1546. In the opposite side, the Oil – West Texas crude records 54.2 with negative variation of -2.13%.

Currencies

Last week, the US dollar price was depreciated face to the Euro and the British Pound with a percent variation respectively of 0.48% and 1. 16%. In fact, the New Home Sales released by the US Census Bureau was bad, followed by the decrease of the Dow Jones index by -2.37% and the Oil – West Texas crude by -2.13%.

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