Traders Corner

on . Posted in News Flash

  • The S&P500  rose, as investors analysed corporate earnings and awaited results from the Federal Reserve’s two-day meeting.
  • Most Japan stocks fell at the peak of earnings season as the yen traded near a one-month high to the dollar before a Federal Reserve policy decision.
  • China’s stocks rose as real-estate developers, cement companies and household-appliance makers rallied on speculation the government may loosen property curbs.
  • Hong Kong stocks swung between gains and losses after Chinese policy makers pledged to stabilize growth and as investors awaited the outcome of the Fed’s policy meeting.
  • Gold up $7 and the rand 3 cents weaker from the local close.
  • Major economic data today:

-          11:00: Unemployment rate - Euro

-          11:00: CPI - Euro

-          13:00: Mortgage applications - US

-          14:00: Trade balance - SA

-          14:30: GDP - US

-          20:00: Rate decision - US

  • The local market should up +0.2% as commodities rose overnight.