Traders Corner

on . Posted in News Flash

  • US stocks were little changed, as investors weighed data showing employers added fewer workers than anticipated in July even as the jobless rate dropped.
  • Japanese shares fell, as the yen held gains against the dollar after disappointing U.S. jobs data. Insurers led losses among the measure’s 33 industry groups.
  • China’s non-manufacturing Purchasing Managers’ Index showed the first acceleration since March, government data released on the weekend showed, following an unexpected gain in the official manufacturing PMI last week.
  • Hong Kong stocks rose, extending the benchmark index’s longest weekly winning streak since October, after China’s services data released on the weekend accelerated the first time since March in a sign the economy is stabilizing.
  • Gold up $4 and the rand unchanged from the local close.
  • Major economic data to be released today:

-          10:00:PMI services - Euro

-          10:30:PMI services - UK

-          11:00:Retail sales - Euro

-          16:00:ISM non-manufacturing - US

  • The local market should open up +0.1% on higher metal prices and UK futures.