Market Update – October 4 – USD Holds, Inflation & Evergrande worries persist

• USDIndex (94.00) اب Highs پر ہےلیکن Thursday High 94.50 سے نیچے.Friday کو
  Strong US Data(ISM Manu PMI 61.1, PCE 4.3% & UoM72.8. Its NFP Jobs and Pandora Papers week.
• Yields ابRecent highs پر.(Ten-year closed 1.465%) اب یہ Asia .1.47% میںChina Thursday (Huge spike to 1.567%) تک بند.HK Property group (Hopson) $5 bn for 50% of Evergrande Real Estate کے لیے.عوام اب بھی پریشان.
• Equities میںFriday rally ہوا.(Merck +8.37%) یہ Anti-viral drug ہے.
  USA500 +49.0 (+1.5%) at 4357 اب بھیWeak.USA500.F کمزورMixed Asian Equities 4330 VIX 21.20 پر بند. اب یہ22.15 پر موجود.
• USOil اب$75.20 پر. آجOPEC + meeting ہے. اس میں”Gradual” production increase پر راضی ہیں.
• Gold $1760 پر. پچھلےہفتے کا Collapse $1720 20-day MA $1765

   

• Fx Market میں USD bid EURUSD 1.1600, Cable 1.3550, & USDJPY 111.00.

Week Ahead  – RBA Rate Decision – (less Dovish ? but with Covid cases still climbing) Jobs Week – RBNZ Rate Decision (delayed rate hike coming?), Jobs week NFP – (460k vs 235k), ADP 430k vs 374k & Claims 350K vs 362k. Plus more PMI data.

European Open

Today – EZ Sentix Index, US Factory Orders, ECB’s de Guindos, de Cos, Fed’s Bostic & Bullard, OPEC+ and Eurogroup meetings.

Biggest Mover

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Stuart Cowell

Head Market Analyst

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