Tuesday 8 November 2016

Japan FX Reserves Decreased in October



From Trading Economics: Foreign Exchange Reserves in Japan decreased to 1242800 USD Million in October from 1260145 USD Million in September of 2016. Foreign Exchange Reserves in Japan averaged 288836.57 USD Million from 1957 until 2016, reaching an all time high of 1306668 USD Million in January of 2012 and a record low of 455 USD Million in September of 1957. Foreign Exchange Reserves in Japan is reported by the Ministry of Finance, Japan.

In European Equity Markets stocks rallied on Monday, underpinned by stronger banking stocks, as news that Hillary Clinton would not face charges over her use of emails gave her bid for the White House fresh

momentum just before the Nov. 8 vote. The pan-European STOXX 600 rose 1.5 percent. Banks rose 2.7 percent, helped by a 4.6-percent rise in HSBC. The emerging markets-focused bank had posted a sharp jump in its core capital, bolstering the outlook for near-term dividend payments. Italy's Intesa, France's BNP Paribas and Germany's Deutsche Bank rose between 3.7 percent and 5.9 percent. Analysts had said banks would suffer

in particular by any policy uncertainty created by a Trump presidency. Ryanair rose 5.3 percent after a well-received earnings update.

In Currency Markets the dollar rose on Monday after the FBI decided that U.S. Democratic presidential nominee Hillary Clinton will not face criminal charges, which was seen as a boost to her chances of winning Tuesday's contest with Republican rival Donald Trump. The dollar was up 1.3 percent at 104.50 yen. It declined to 102.550 against the safe-haven Japanese currency last week as polls showed a tightening U.S.

 presidential race. The euro fell 0.7 percent against the dollar to $1.1056. Sterling also fell against the dollar, falling 0.9 percent to $1.2408. The dollar advanced 0.95 percent against Swiss franc to $0.9774. The Australian dollar moved higher, with Aussie up 0.26 percent at $0.7695, while Kiwi fell 0.11 percent to $0.7316.

In Commodities Markets  oil prices were mixed on Monday, supported by easing concerns over the economy after news that U.S. presidential candidate Hillary Clinton will not face charges over her emails, but prices were pressured by a rallying dollar and doubts over OPEC's planned production cuts.  U.S. West Texas Intermediate crude traded at $44.21 per barrel, up 0.3 percent. Brent crude was down 0.09 percent, at $45.49 a

 barrel. The spot gold price was down 1.5 percent at $1,283.81 an ounce, close to an earlier session low of $1,283.12. Silver was down 0.9 percent at $18.22 an ounce while platinum fell 0.1 percent to $994.75. Palladium was up 1.5 percent at $633.90 an ounce.

In US Equity Markets  stocks marched higher on Monday, a day before the U.S. presidential election as Democrat nominee Hillary Clinton's prospects brightened after the FBI said it would not press criminal charges related to her use of a private email server. The Dow Jones Industrial Average was up 1.55 percent, at 18,164.82. The S&P 500 was up 1.74 percent, at 2,121.55 and the Nasdaq Composite was up 1.96 percent, at 5,145.19.

 Biogen rose 5.8 percent after the drugmaker and Ionis Pharma announced positive interim trial data on their genetic muscular disorder drug. Ionis shares rose 18.54 percent. Sysco's 9.3 percent jump was the biggest on the S&P after the food distributor's quarterly sales beat analysts' expectations.


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