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:
We'll start flat today as weak US home sales subdued markets FTSE -0.4%, DAX +0.1%, Dow -0.1%, S&P -0.2%
FTSE +1.1%, DAX +2.9%, Dow +0.9%, S&P +0.1% and S&P positive for the year to date.
US existing home sales reached an annual 5.55M higher than 5.39M consensus and the highest since the end of the recession.
US total mortgage appplications rose just shy of 12% (week on week) last week ahead of regulation changes.
Eight year high in US housing index failed to move markets as oil fell: FTSE -0.1%, DAX -0.2%, Dow & S&P -0.1%
We'll be flat at the open: FTSE -0.4%, DAX +0.6% with Deutsche Bank restructure, Dow & S&P unchanged as mining falls were offset by rises elsewhere.
We'll open up again, FTSE +0.6%, DAX +0.4%, Dow +0.4%, S&P +0.5%
Green ink everywhere: FTSE +1.1%, DAX +1.5%, Dow +1.3%, S&P +1.5%.
FTSE +0.6%, DAX +1.0%, Dow +0.2%, S&P flat; Aus futures market suggests a slightly negative opening here.
FTSE +0.6%, DAX +0.9%, Dow +0.8%, S&P +0.9%, the Bank of England and Fed keeping rates steady while looking into inflation, we'll be up.
FTSE +0.2%, DAX +0.7%, Dow +0.7%, S&P +0.8%: Positive with no stories so we'll start +0.5%.
FTSE +0.4%, DAX +0.9%, Dow +0.1%, S&P -0.4%, on the back of a huge US trade deficit.
FTSE +2.8%, DAX +2.7%, Dow +1.8%, S&P +1.9%, following +1% on Friday, we will be up today with upward movement and some rockiness continuing.
US data releases: September ADP employment report came in at 200K positions created; the Chicago PMI plummetted to 48.7% from August's 54.4%.
US data releases: Case-Shiller 20-city home price index -0.2% over July; Conference Board's Sept consumer confidence report up to 103.
