Analysts at ANZ Bank New Zealand Limited explained that the new NAFTA deal boosted US equities with the DJIA leading gains, up 0.8% at the time of writing. Key Quotes: “Materials, industrials, and energy were all up more than 1%. The latter supported by higher oil prices, with WTI up 2.3%. The S&P 500 lifted 0.5%.” “Key European indices were mixed, with the Euro Stoxx 50 and CAC 40 up 0.4% and 0.2% respectively, but the FTSE 100 down 0.2%.” “USD was generally firmer against the G10, however CAD surged following news of NAFTA.” “US treasury yields were little changed, lifting around 1bp at the long end. Italian yields continued to surge, up around 30bps in the 2-5 year space and 15bps for 10-year, as government budget anxieties continue to weigh.” DATA/EVENT PULSE PAST PEAK BUT HOLDING STRONG: “The September ISM eased to 59.8 (mkt: 60, last: 61.3) but still remains very close to expansion highs. New orders slipped to 61.8, from 65.1, with production lifting to 63.9, from 63.3. Overall, the ISM suggests economic activity is continuing to run hot, consistent with the FOMC’s interest rate profile. Meanwhile, construction spending came in weaker than expected at 0.1% m/m to be up 6.5% y/y. Private residential construction fell 0.7%, following a sluggish 0.2% gain in the prior month. While public construction spending jumped by 2.0% in August, following a 1.7% rise prior.” MIXED: “The Europe Markit manufacturing PMI fell 0.1pts in September to 53.2, slightly below market, while the UK PMI rose 0.3pts to 53.8, ahead of market. As expected, the euro area unemployment rate continued to trend lower, falling 0.1%pts to 8.1% supported by a 0.5%pt fall in Italy to 9.7%. Ongoing labour market strengthening is consistent with building wage pressures and gradual ECB normalisation.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index Technical Analysis: Greenback bulls regain the 50 and 100-day simple moving average FX Street 4 years Analysts at ANZ Bank New Zealand Limited explained that the new NAFTA deal boosted US equities with the DJIA leading gains, up 0.8% at the time of writing. Key Quotes: "Materials, industrials, and energy were all up more than 1%. The latter supported by higher oil prices, with WTI up 2.3%. The S&P 500 lifted 0.5%." "Key European indices were mixed, with the Euro Stoxx 50 and CAC 40 up 0.4% and 0.2% respectively, but the FTSE 100 down 0.2%." "USD was generally firmer against the G10, however CAD surged following news of NAFTA." "US… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
