Daily Update
Early Morning we saw reports released from China on their Consumer Price Index & Producer Price Index for Dec 2016 which is a key indicator to measure the inflation, producer sector growth and changes in purchasing trends of China. Reports were mixed results with CPI falling short of expectation and Producer Price Index has had a significant growth for Dec. CHF Unemployment remained unchanged indicating the Swiss Job Sector is gloomy and stagnant currently. GBP is yet in its aftershock after Theresa May’s comments about BREXIT plans and taking control over their Immigration issues. The U.S. dollar was little changed against Euro on Tuesday on nervousness ahead of U.S. President-elect Donald Trump's first news conference set for Wednesday. Day starts with reports released from UK on Manufacturing Production & Industrial Production widely followed as major indicator of strength in the manufacturing sector. This will be followed by GDP Estimate released by the National Institute of Economics and Social Research. This is an estimate of growth over the last 2 months up to the report which comes out a month before the official announcement. This report is highly reliable and would influence the UK Monetary policy. Today Focus of investors will be on possible economic policies from President-elect Donald Trump who is scheduled for a news conference in the evening 8.00.P.M UAE time. The dollar index, which measures the greenback against a basket of six major currencies, has climbed more than 4 percent since Trump's win on Nov. 8 as investors have bet his promised fiscal expansion will boost inflation and growth, leading to a faster pace of Federal Reserve interest rate increases.Yesterday's Market
Yesterday’s Focus
Today’s Market
Today’s Focus
