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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- Artist: BT Financial Group
- Copyright: Copyright 2016 - BT Financial Group
Podcasts:
October's housing starts declined by 2.8% - consensus tipped a rise.
FTSE +0.6%, DAX +1.6%, S&P +0.5%, Dow +0.5%; S&P again at a record high; thoughts on the definition of a recession.
Japan's market -3.0% - third quarter GDP reported as falling at 1.5% annual rate; FTSE +0.3%, DAX +0.6%, S&P and Dow both +0.1%.
FTSE +0.3% DAX and S&P close to unchanged, Dow -0.1%.
US weekly initial jobless claims increased to 290,000 claims, above consensus's 280,000.
Another good session: FTSE +0.2%, DAX +0.4%, S&P +0.6% - within 1.0% of its all-time high, Dow +1.3%, close to its all-time high.
FTSE +0.8%, DAX +0.2%, S&P -0.1%, Dow -0.2%; FOMC decision released; went as expected but some were hoping for more.
A good session: FTSE +0.6%, DAX +1.8%, S&P +1.2%, Dow +1.1%; S&P closing in on all-time high; Aus Futures market suggests we will be +0.5% at opening.
September pending homesales metric +0.3% - short of consensus's +0.9% but an improvement on August's -1.0%.
Europe down, US up: FTSE -0.5%, DAX -0.7%, S&P +0.7%, Dow +0.8%; S&P +4.1% for the week, biggest weekly gain in 21 months.
US weekly jobless claims report remained near 14-year lows; August FHFA report +0.5% monthly price gain.
Mixed picture: FTSE +0.4%, DAX +0.6%, S&P -0.7%, Dow -0.9%; this suggests Aus market's run of positive trading has come to an end.
Green ink: FTSE +1.7%, DAX +1.9%, S&P +2.0%, Dow +1.3%; this sets Aus market up for a positive opening.
FTSE -0.7%, DAX -1.5%, S&P +0.9%, Dow +0.1%; IBM reported 3rd quarter earnings short of expectations.
Friday saw good news as markets decided to worry less about global growth: S&P +1.3%, Dow +1.6%, FTSE +1.9%, DAX +3.0%.
