Forex – Commodities – Stocks: Headlines of August 31st

BinaryOptionsNow | Published on August 31, 2011 at 7:48 am

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  • US Equities rose for a third consecutive session on Tuesday as a weak consumer sentiment report was overshadowed by the Fed minutes, which showed that the possibility of a third round of asset purchases was discussed. This morning, most Asian shares trade in positive territory, while Chinese ones underperform.
  • The Minutes of the Fed’s August 9 meeting showed that Federal Reserve officials were deeply divided as some wanted to immediately restart the controversial bond-buying programme, while others felt that even the smaller steps the central bank chose were too aggressive.
  • US President Barack Obama said yesterday there were a range of policy options available that could create up to a million new US jobs, in remarks ahead of a major economic speech that he will deliver next week.
  • The US Federal Reserve could embark on a third round of quantitative easing depending on upcoming economic data but should first confirm that inflation has eased St. Louis Fed President James Bullard said in an interview.
  • Japanese factory output rose less than expected in July and companies expect production to ease further in a sign the surging yen and slowing global growth are weighing on the recovery.
  • Commodities rallied yesterday with the Brent crude oil price rising for a sixth consecutive session, near $114/barrel on the prospect of another round of monetary easing by the Fed, while reports of Israeli warships near Egypt kept traders on the guard.

Today, the eco calendar contains the first estimate of euro zone HICP inflation, the euro zone unemployment rate, US ADP employment report, Chicago PMI and factory orders.

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Source: KBC


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