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African and International Market Report 2 September – 6 September 2019
African and International Market Report 2 September – 6 September 2019
Posted

By - Jamel Lahiani

Posted - 09-09-2019

Last week, US stocks return to the stability. The stocks markets around the world haven’t record important variations due to US-China trade war. In fact, the negotiations between US and China were echeloned next month. The increase of petrol prices favorites the US and the Canadian dollars. But, the US dollars finished last week by a bad NFP and employment results. So, the US dollar became raging against the others currencies.

CLICK ALSO: Euro to Dollar and Dollar to Canadian Dollar Forecasts: September 6, 2019

MARKET IN FOCUS THIS WEEK

  • USD: TRUMP’S rate cut concerns.
  • GBP: UK Industrial production, manufacturing production, trade balance and GDP data.
  • EUR: ECB interest rate decision.
  • AUD: negative interaction of the Australian dollar with US-China trade war tariffs.
  • CAD: mixed effect of US-China trade war and fluctuating oil prices to the Canadian dollar.

Foreign Equities

The US stocks return to the stability. The stock markets around the world haven’t records important variations and follow a ranging movement.

Commodities

Last week, the commodities records high variations. The zinc and Lead records a strong win. The Gold finished the week by a depreciation of -1.76% and records 1503. On the opposite side, the Oil – West Texas crude records a second week positive variation and reaches 56.5 with a positive variation of 2.54%.

Currencies

Last week, the US dollar price was depreciated face to the Euro and the British Pound and the Australian dollar with a percent variation respectively of 1.05%, 0.34% and 1.66 %. This fall of the US dollar is explained by a bad NFP and employment results.

The South Africa ZAR money wins against the US dollar and records 14.79167 with a percent variation of 2.42% as a result of the high growth result of 3.2% recorded by the South Africa economy.

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