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African and International Market Report 26 August – 30 August 2019
African and International Market Report 26 August – 30 August 2019
Posted

By - Jamel Lahiani

Posted - 02-09-2019

Last week, US stocks have record more than 2% increase, issued from gains in the trade-sensitive technology and industrial sectors. China expressed hope on trade negotiations but investors still frustrated from trade war. The progress in trade negotiation depends on mutual understanding and favorable conditions. But the incertitude return at the end of the week due to a fresh round of levied US tariffs on Chinese imports.

MARKET IN FOCUS

  • USD: Core durable goods orders and Q2 GDP.
  • GBP: Brexit uncertainty continues to weigh on currency
  • EUR: Germany’s GDP, CPI and unemployment rate data.
  • AUD: Fresh US-China trade war tariffs causes Aussie and Kiwi to weaken further.
  • CAD: US-China trade war and fluctuating oil prices keep the Loonie mixed.

Foreign Equities

The US stocks composed by Dow Jones (US) and NASDAQ have record more than 2% increase, issued from gains in the trade-sensitive technology and industrial sectors. China expressed hope on trade negotiations but investors still frustrated from trade war. The European stocks markets had also recorded a positive variation.

Commodities

Last week, The Nickel and Silver records a strong win. The Gold finished the week by a depreciation of -1.03% and records 1530. In the opposite side, the Oil – West Texas crude records 54.1 with positive variation of 1.66%.

Currencies

Last week, the US dollar price was Appreciated face to the Euro and the British Pound with a percent variation respectively of -1.38% and -1. %. This gains is due to the high positive performance of the US .

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