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African and International Market Report from September 9 to September 13 2019
African and International Market Report from September 9 to September 13 2019
Posted

By - Jamel Lahiani

Posted - 16-09-2019

Last week, US stocks rebounds that have a positive impact to the stocks markets around the world. It is explained by a good communication between US and China concerning the idea of an “interim” trade deal.

CLICK ALSO: Euro to Dollar, WTI Petrol and Gold Forecasts, September 13, 2019

MARKET IN FOCUS THIS WEEK

  • WTI: the petrol prices will be choked by the decline of Saudi oil production by 50% as a result of Houthi drones attacks.
  • USD, GBP, JPY: Fed (US), CHF (Swiss) BoE (UK) and BoJ (Japan) Interest Rate Decisions Impacts.
  • AUD: The Unemployment Rate released by the Australian Bureau of Statistics.
  • NZD: The Gross Domestic Product released by the Statistics New Zealand.

Foreign Equities

The US stocks achieved a good performance last week. The Dow Jones (US) records 1.58% and the NASDAQ records 0.91% explained by good communication between US and China concerning the idea of an “interim” trade deal that will be prepared for the meeting in October. So, the US-China trade war escalation receded and both sides offered some concessions. That has a positive impact on the stocks around the world.

Commodities

Last week, the commodities records high variations. The zinc and copper records a strong win. The Gold finished the week stable and records 1501. In the opposite side, the Oil – West Texas crude records a negative variation and decline to 54.8 with a variation of -3.01%.

Currencies

Last week, the US dollar price was depreciated face the British Pound, the Euro, the Australian dollar and South Africa ZAR with a percent variation respectively of 1.68%, 0.38%, 0.38% and -1.58%. This decline of the US dollar is explained by a falls of petrol WTI price to 54.8 with a variation of -3.01% and the US-China trade war escalations and incertitude

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