General Report about financial markets, September 2015

General Report about financial markets, September 2015

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stock market report

stock market report

USA

The data given last week by the government is not very relevant even if we can say the significant increase in construction spending over the previous month (1.8% vs 0.8%) and mortgage applications for July (4.7% vs 0.8%) it leaves a good feeling for the construction industry and housing. Another important fact is that the unemployment rate remains at 5.3%.

Dow Jones

The Dow ended the week with a fall of 1.79% to 17,373 points. This year the index loses -2.52%. The trend remains bullish in the medium term.

– Supports: 17,100. Resistances: 18,300.

SP 500

The S & P 500 dropped 1.25% in the previous week, to 2077.57 points. This year earns 0.91%. The trend is bullish but is struggling to keep the 200-day moving average.

– Supports: 2.050, 1.975. Resistances: 21,138.

Europe

They were presented last week in the main countries of the euro zone industrial production results with data about generalizing and not very good. Although PMI at European level were slightly better than in June (53.9 vs 53.7).

EUROSTOXX 50

The Eurostoxx rose 1.03% this week up to 3.637.80 points. This year is gaining 15.58%.

We remain in the index and up to 3,300 support.

– Supports: 3,300. Resistors: 3896.67.

DAX

The DAX rose 1.61% this week. This year is earning a 17% reaching 11,490 points. The trend is even possible to see a correction to touch 12,050 points.

– Supports: 10,000 9,000

– Resistors: 12,050

United Kingdom

The most important information of the week is the decision by the Bank of England to keep interest rates at 0.50%. The London Metal Exchange (LME), decided together with the UK bank, start taking the yuan currency as collateral for trading on its platform for banks and brokers.

So, it joins the Chinese currency to the dollar, euro, sterling and the yen, due to its increasing use in recent years at international level.

FTSE 100

The index rose by 0.33% to 6,718 points last week. Although the correction of the last weeks, this year is gaining 1.59%. Their tendency is bullish in the medium term although it is very close to the supports.

– Supports: 6.690, 6.200. Resistances: 6,800, 7,000.

Spain

The manufacturing PMI (Purchasing Managers Index) came 9/10 below the previous result, but the services PMI increased considerably this July (59.7 vs 56.1).

This week has been very quiet in the markets and there has been a lot of economic data to comment.

IBEX 35

The IBEX was up closing at the same levels as the previous week. This year is gaining 9.15% to 11,178 points. Continues the upward trend earlier this year and about the resistance of 12,000 points.

– Supports: 10,500, 9,710. Resistors: 12,000

Japan

Few important data in Japan. We speak only of the results of the PMI which came out slightly lower.

It notes that at the monthly meeting of the BOJ’s monetary policy board approved further expand the monetary base at US $ 641.006 million a year, ie, remains intact the expansive plan initiated in April 2013 to achieve stable inflation in around 2%. Inflation is currently around 0% as the BoJ said.

NIKKEI

The Nikkei rose last week by 0.41% to 20,808 points. This year the index is gaining 19.24%. Their tendency is bullish medium term. Supports 18,000, 17,000. Resistors in: 21.000.

China

The services PMI stood at 53.8, up from 51.8 in June i the composite 4 points below the previous.

HANG SENG

The index was down -0.34% to 24,552 points. The index is gaining 3.88% in the year and the trend is lateral short term.

-Supports: 23,500, 22,520 resistors: -.

CSI 300

The index gained -2.36% to 3,906 points. This year the index is gaining 10.85%. The trend is short-term and long-term upward trend is also maintained.

– Supports: 3600, 3200, 3000. Resistance: 5.700

India

Only the improvement of both the overall PMI manufacturing and the service would stand out as they have been much higher than the results of June.

CNX NIFTY

The Indian index rose 0.37% this week to the 8,564 points. This year is gaining 3.68%. The trend is bullish in the short and medium term. Brackets: 8,000. Resistances 9.000.

Brazil

Although few interesting facts necessary to comment that inflation remains at levels close to 9.56%. Although this month has dropped some points by falling oil especially.

Also low industrial production data with the revised 0.1% from the previous revision.

BOVESPA

The index plunged 4.50% to 48,577 points. This year is losing 2.86%.

– Supports: 45,000. – Resistors: 58,000

Russia

Continue down the gold and foreign exchange reserves mainly due to the depreciation of the Russian currency.

The CPI (Consumer Price Index) has risen to 15.6%, higher than the previous 3 tenths review and overall PMI it was 50.9 compared to 49.5 previously.

MICEX

The index rose 1.28%, closing at 1,690 points. This year earns 20.89%. The trend is lateral to medium term. There would enter in the index because of the current war and social conflict.

– Supports: 1.500, 1.350. – Resistors: 1,862.

General Conclusion

Last week did not have a definite trend in the major financial assets. Historically during the month of August, the volume of trading on the Spanish stock average down by half compared to the month of hiring more this year. That means that nearly 60% of these months have been bearish August. On Monday he reopened the Athens Stock Exchange and closed the week with a fall of 15.20% near 2012 lows on 600 points. In China it seems that the market storm has passed but we have to follow very closely as they continue unlisted most companies were suspended from trading before the intense ride. In Japan decided at the meeting of the Bank of Japan maintain the asset purchase program trying to increase inflation as the country is currently at 0%.

As one of the markets that we usually discuss shortly, the raw materials, we have seen in recent years its evolution has placed it as the active worst consecutively in 2011 (-13.3%), in 2012 (-1.1%), in 2013 (-9.5%) and 2014 (-17%) and thus whether improvements of GDP for the world economy are confirmed and although they slowly but progressively recovering activity levels could start making some investment selective in this market. The multiples are very low. Bonds in general has slowed rally tires and it seems that calm has returned to this asset class after a very negative weeks. The QE is still there but the media no longer a problem.

In short, we continue with the same strategy ahead of August, not increase the risk but not unwind positions if not done before Greek setback, we need to know EMAS macro data, especially the rate hike by the Fed to gradually modify or maintaining our current asset allocation

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