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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Markets down on Friday but not as bad as Thursday: FTSE -0.8%, DAX -2.1%, Dow -0.4%, S&P -0.3% - FTSE flat for the year and the Dow has gone into negative territory.
Down significantly overnight: FTSE -0.6%, DAX -1.9%, Dow -1.9%, S&P -2% but probably more about the Argentinian default than the start of a correction.
A negative night, though not hugely so. FTSE - 0.5% DAX -0.6%, S&P close to flat, DOW -0.2%. The first estimate of US Q2 GDP growth came in well above forecast at 4 percent growth and the benchmark historical revisions lifted the Q1 result from a decline of 2.9% to a fall of just 2.1%.
We'll be flat to down after a mixed night: FTSE +0.3%, DAX +0.6%, S&P -0.5%, DOW -0.4% with new EU sanctions against Russia. AUD = USD 0.938.
We'll be flat after a quiet night: FTSE flat, DAX -0.5%, Dow +0.1%, S&P flat, AUD is at USD 0.941.
We'll have a slow start after a down day on Friday FTSE -0.4%, DAX -1%, Dow -0.7%, S&P -0.5% but not due to economic reasons. US GDP expected to rise by at least 3% for Q2 and Q1 should revise upwards from -2.9%.
US weekly initial jobless claims lowest since Feb 18 2006 but new home sale down 8.1%, and the previous quarter revised lower.
Markets did nothing overnight: FTSE flat, DAX +0.2%, Dow -0.2%, S&P +0.2%, to a new record high of 1987.
Markets did well on Tuesday: FTSE +1.0%, DAX +1.3%, Dow +0.4%, S&P +0.5% back near record high.
A slightly negative session overnight: FTSE -0.3%, DAX -1.1% with weak inflation news, Dow -0.3%, S&P -0.2% after recovering in the afternoon.
We'll be +0.4% at the opening after a mixed session in Europe and positive in the US - FTSE +0.2%, DAX -0.4%, Dow +0.7%, S&P +1%, recovering from the geopolitical losses of the day before.
FTSE -0.7%, DAX -1.1%, Dow -0.9% and S&P -1.1%; cause due to the apparent shooting down of a Malaysia Airlines jet.
FTSE +1.1%, DAX +1.4%, Dow +0.5% and S&P +0.4%; Dow at another all-time record high; absence of bad news might have helped.
FTSE -0.5%, DAX -0.6%, Dow flat and S&P -0.2%; retail sales for June rose by 0.2%, less than expected.
A good start to the week: FTSE +0.8%, DAX +1.2%, Dow +0.7% and S&P +0.5%.
