EconomyWeb | Global Economic Outlook
MARKETS • Stocks
Central Banks Give Sleepy Markets a Wake-Up Call
June 28, 2017
The U-turn in bonds is a sign that investors haven’t been paying attention to what central banks have been saying.
World Stock Markets

Stock Market Data by Investing
The DOW JONES Index - Top 30 Blue Chip U.S. Companies
The EURO STOXX Index - Top 50 Blue Chip European Companies
Stock Market Charts by CNBC
Market Report
Sensex, Nifty Marginally Lower In Early Trade
June 28, 2017
Indian shares followed global peers lower on Wednesday after the IMF cut its outlook for U.S. economic growth and U.S. Senate leaders delayed a vote on healthcare bill until after next week's 4 July holiday. Hawkish comments from ECB President Mario Draghi also kept investors nervous ahead of Thursday's derivative expiry.
Asian Markets Mostly Lower
June 28, 2017
Asian stock markets, with the exception of Australia, are in negative territory on Wednesday following the weak cues overnight from Wall Street after Senate Republicans delayed vote on a bill to replace Obamacare. Investors also digested European Central Bank President Mario Draghi's comments that the central bank could trim its stimulus this year.
Sensex, Nifty Poised For Slightly Lower Open
June 28, 2017
Indian shares may open lower on Wednesday, mirroring weak cues from Asian markets after U.S. stocks fell notably overnight led by a sell-off in tech shares. That said, lower oil prices and a weakening dollar may help limit overall losses to some extent.
Market News
Market Insight
Ethereum Crashing: Is Ethereum a Good Investment?
June 28, 2017
Why Is Ethereum Dropping? An Ethereum flash crash, an internet hoax, and something called Segregated Witness. What do they have in common? Simple. They all answer one question: “Why is Ethereum dropping?” But it’s equally important to remember what question they don’t answer. Namely, “Is Ethereum a good investment?” Separate these two questions in your mind, because they have nothing to do with each other. We may know why the floor is falling out from underneath Ethereum prices, but the other question is significantly tougher to. The post Ethereum Crashing: Is Ethereum a Good Investment? appeared first on Profit Confidential.
Huge Market Points Towards More Gains for Electronic Arts Stock
June 28, 2017
EA Stock to Ride High on the Digital Platform   Today’s stock is a classic play on the rising trend of mobile gaming in the entertainment industry. As the usage of mobile phones becomes more ubiquitous around the world with more powerful chips, investors can make a handsome amount of money by investing in gaming stocks that are most likely to benefit from this boom in mobile gaming. There are a number of stocks in this market which could make the choice difficult for a potential investor. However, there are a few stocks that have been. The post Huge Market Points Towards More Gains for Electronic Arts Stock appeared first on Profit Confidential.
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MARKETS • Forex
Post-Draghi surge drives euro to one-year high
June 28, 2017
The euro hit a 10-month high after the ECB chief hinted its days of aggressive stimulus are numbered.
World Currency Markets

Currency Market Data by Investing
Euro/US Dollar - FX Spot Rate
US Dollar/Japanese Yen - FX Spot Rate
Currency Market Charts by CNBC
Market Report
Japanese Yen May Extend Rebound as Risk Appetite Sours
June 28, 2017
The Japanese Yen may continue higher having launched a recovery in Asian trade as souring sentiment boosts demand for the perennially anti-risk currency.
Crude Oil Price Recovery May Unravel on EIA Inventory Data
June 28, 2017
Crude oil prices seem to be struggling to sustain a tepid recovery from ten-month lows. The weekly set of EIA inventory flow statistics may bring outright capitulation.
US Dollar Index

US Dollar Currency Index
US Dollar Index Chart by CNBC

Market Analysis
XE Market Analysis: North America - Jun 28, 2017
June 28, 2017
The dollar continued to trade mixed, losing ground to the euro and Canadian dollar, holding steady versus the yen while gaining ground against the Australian dollar. EUR-USD extended the ECB taper-talk rally, catalysed by Draghi's remarks of yesterday, and clocked a one-peak at 1.1388, subsequently settling around 1.1360. USD-CAD was a notable mover, tumbling by nearly 1% in making a four-month low at 1.3086. Remarks by BoC Governor Poloz that a rate hike should "at least" be considered propped the Canadian dollar.
XE Market Analysis: Europe - Jun 28, 2017
June 28, 2017
The euro's ascent has continued, with EUR-USD logging a high at 1.1378, which is the loftiest level seen since June 2016, while EUR-JPY made a 127.77 peak, the highest level the cross has seen since March 2016. EUR-GBP has punched above recent congestion highs and is trading in seven-month high territory. The spark was ECB President Draghi, yesterday, who put a tapering in policy squarely on the agenda. Global stocks have traded lower as a consequence, along with news that the U.S.
XE Market Analysis: Asia - Jun 27, 2017
June 27, 2017
The dollar fell against the European majors and the CAD in N.Y. on Tuesday, with EUR-USD printing 10-month highs of 1.1343 following hawkish comments from ECB chief Draghi. Cable was dragged higher as well, topping 1.2800 for the first time in over a week. USD-CAD was pressured lower by a rebound in WTI crude prices, while USD-JPY, the only major dollar pairing to advance was USD-JPY, which made six-week highs of 112.46. Hawkish Fedspeak was behind the rally.[EUR, USD]
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MARKETS • Commodity
Gold stays firm on global cues, jewellers' buying
June 28, 2017
Globally, gold rose by 0.30 per cent to USD 1,250.50 an ounce and silver by 0.66 per cent to USD to 16.74 an ounce.
World Commodity Markets

Commodity Market Data by Investing
Brent Crude - Global Benchmark Oil Price
Gold - The London Gold Fixing
Commodity Market Charts by CNBC
Market Report
Weaker dollar and stock market jitters drive gold higher
June 28, 2017
Gold prices firmed on Wednesday as the dollar struggled and shares weakened after a vote on U.S. healthcare was postponed.
Oil prices dip ahead of US stockpile data; industry report signals rise in inventories
June 28, 2017
Oil prices came under renewed pressure on Wednesday after an industry report suggested U.S. inventories increased.
Oil pulls back on preliminary data showing surprise jump in US stockpiles
June 27, 2017
Oil prices surged on Tuesday, as traders covered short positions and anticipated a drop in U.S. crude inventories.
WTI Crude Oil

Crude Oil WTI - West Texas Intermediate Crude Oil Price
Crude Oil Chart by CNNMoney

Market Analysis
Gold: Yellow Metal Extends Its Gains In The Asian Session
June 28, 2017
The pair is expected to find support at 1246.27, and a fall through could take it to the next support level of 1239.93. The pair is expected to find its first resistance at 1256.37, and a rise through could take it to the next resistance level of 1260.13.
Silver: White Metal Trading On A Stronger Footing This Morning
June 28, 2017
For the 24 hours to 23:00 GMT, Silver rose 0.78% against the USD and closed at USD16.72 per ounce, tracking gains in gold prices. In the Asian session, at GMT0300, the pair is trading at 16.81, with the silver trading 0.51% higher against the USD from yesterday’s close. The pair is expected to find support at 16.65, and a fall through could take it to the next support level of 16.50. The pair is expected to find its first resistance at 16.88, and a rise through could take it to the next resistance level of 16.96. The white metal is trading above its 20 Hr and 50 Hr moving averages.
Crude Oil: Oil Trading Higher In The Morning Session, Ahead Of EIA's Weekly Crude Oil Inventories Data
June 28, 2017
The pair is expected to find support at 43.52, and a fall through could take it to the next support level of 42.95. The pair is expected to find its first resistance at 44.55, and a rise through could take it to the next resistance level of 45.01.
Market Insight
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MARKETS • Bonds
World Interest Rates

Bond Market Data by Investing
U.S. 10 Year Bond Yield - U.S. Treasury Bond
Germany 10 Year Bond Yield - German Government Bond
Bond Market Charts by CNBC
Market Report
Draghi Sparks Selloff in Global Bonds
June 27, 2017
European Central Bank President Mario Draghi sparked a broad wave of selling in government bonds of the developed world, highlighting investors’ vulnerability when major central banks pivot toward a less accommodative monetary policy.
For Sale: Puerto Rico
June 27, 2017
Puerto Rico, strapped for cash, is seeking private bidders to run and share in revenues from seaports, highways, airports, parking and other public services—a move critics say is short-sighted.
Market Insight
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MARKETS • Outlook
Asia bonds fall after bullish ECB commentary
June 28, 2017
Euro extends gains while regional stock markets struggle for traction
Market Outlook
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MARKETS • Comment
Sensex Drops 124 Points Ahead Of F&O Expiry; Nifty Dips Below 9,500
June 28, 2017
Indian shares extended losses on Wednesday as worries about provisioning towards large NPA accounts and anxiety ahead of GST roll-out continued to keep investors on the sidelines.
Wall Street Poised For Mixed Opening
June 28, 2017
The market might react to latest report on pending home sales Index for May, as well as mortgage applications for the week. The traders are waiting for the second quarter GDP to be published on Thursday. Asian shares closed broadly down, while European shares are trending downward. The early signals from U.S. Futures Index suggest that Wall Street might open broadly higher.
Market Commentary
5 Tips for Getting Out of Debt
June 28, 2017

How to go from compulsive spender to compulsive saver.

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