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19 Sep《Global Market Focus》the Federal Reserve cut interest rates as scheduled, the US stocks are intricate

US: The Fed cut interest rates for the second time. The future interest rate cut signal is unknown. US stock Dow Jones once fell more than 200 points in the intraday trading session. However, with Bauer’s promise, he will take “active” actions when necessary, and may expand the liquidity as soon as possible to solve the liquidity problem. The US stocks recovered most of their lost ground, and the three indexes were almost flat. US stocks Dow Jones rose 36.28 points, or 0.13%, to close at 27,147.08 points. The Nasdaq index fell 8.62 points, or 0.11%, to close at 8,177.39 points. The S&P 500 index rose 1.03 points, or 0.03%, to close at 3,006.73 points.

 

Europe: The market is awaiting a resolution from the Fed meeting. The pan-European Stoxx 600 index rose 0.08 points, or 0.02%, to close at 389.41 points.

 

Europe: Eurostat announced that the monthly rate of the consumer price index (CPI) in the euro zone in August rose from 0.5% to 0.1%, but was 0.2% lower than market expectations.

 

Brazil: Brazil´s central bank cut interest rates by half a cent, and the benchmark interest rate fell to a record low of 5.5 percent, in line with market expectations. In addition, the central bank’s statement maintains the wording of recent months, or indicates that there is still room for further interest rate cuts.

 

Southeast Asia: Southeast Asian stock markets are intricate, Indonesia´s stock market rose by 0.64%, and Thailand´s stock market fell by 0.59%.

 

Commodities: The dollar strengthened, with gold falling by $12.15, or 0.8%, at $1501.25 per ounce.

 

Commodities: The recovery rate of production standards in Insula is faster than expected, and US official reports show that after four consecutive weeks of decline, WTI crude oil futures prices fell 1.23 US dollars or 2.1%, to close at 58.11 US dollars per barrel.

 

Currency: The Fed decided to cut interest rates by one yard, the interest rate fell to 1.75%~2.00%, which was in line with expectations, but did not give any expectation of further interest rate cuts, and internal members’ opinions were different. The incentive US dollar index rose sharply after the announcement of interest rate decision. At 30 o´clock, the intraday once came to 98.69, hitting a new high in the day, and then fluctuated slightly to 98.56.

 

Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable. However, we do not verify such information. We do not guarantee its accuracy or completeness, nor do we take responsibility for any loss occasioned by reliance placed upon the contents hereof. Any statements nonfactual in nature constitute only current opinions, which are subject to change.  PC Securities Ltd (or one of its affiliates) or their officers, directors, analysts, or employees may have positions in securities or commodities referred to herein, and may, as principal or agent, buy and sell such securities or commodities.  Neither the information nor opinion expressed in this report shall constitute a solicitation to buy or sell any securities.

2019-09-19   Back