BT Three Minute Markets Update
Summary: BT's Chief Economist Chris Caton and our expert product managers provide a recorded regular update on current market conditions. The updates are current, quick and easy to listen to.
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- Copyright: Copyright 2016 - BT Financial Group
Podcasts:
Markets had a positive session: FTSE +0.1%, DAX +0.3%, Dow +0.5% and S&P +0.4%.
US November Philly Fed manufacturing index sentiment came in at +1.9%; consensus anticipated -1.0%.
US October's housing starts fell to a seven-month low but building permits surged.
Europe up, US flat: FTSE +2.0%, DAX +2.4% - Euro Group satisfied with Greece progress; Dow flat and S&P -0.1%.
Market's did quite well: FTSE +0.5%, DAX +0.1%, Dow +1.4%, S&P +1.5%.
A poor day: FTSE -1.0%, DAX -0.7%, Dow -1.2% and S&P -1.1%; Dow -3.7% and S&P -3.6% for the week.
An ugly night: FTSE -1.9%, DAX -1.1%, Dow and S&P both -1.4%; futures suggests Aus market will be down at opening.
US October import prices -0.5% over the month, non-petroleum import prices -0.4%.
US received their October labour market report, which was surprisingly strong.
US October services ISM posted a strong 59.1, up from September's 56.9.
US September factory orders came in -1.0% over the month - slightly more than consensus anticipated.
A good night: FTSE flat, DAX +0.9%, Dow +0.9%, S&P +1.2%; US health care stocks did well.
Mixed night: FTSE -0.5%, DAX +0.5%, Dow and S&P both -0.5%; Dow +9.1 and S&P +8.3 for October.
FTSE +1.1%, DAX +1.3%, Dow +1.1%, S&P +1.2%; this sets us up for a positive start; AUD took a hit.
What the markets giveth, the markets taketh away... FTSE -0.8%, DAX -0.1%, Dow -0.2%, S&P -0.3% so we'll start -0.3%
