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The Chinese equities losses are still dominating the market sentiment

Discussion in 'Current Market Sentiments' started by fx-recommends, Jan 11, 2016.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
    Likes Received:
    The first Asian session of the week has shown that shanghai composite index returned to dominate the sentiment by its losses, after dovish closing of the US major stocks indexes last week.

    As the bullish US Labor report of December could not prevent the US blue chips to have another dovish closing, despite opening last Friday trading in the green territory.

    The report could not raise the trust in the financial markets but it could restore confidence in the US economy ability to produce more jobs by a stronger pace, despite the achievements which have already been done in the labor market in the recent years and also despite the manufacturing performance slowdown which has happened by the end of last year with stronger dollar eroding of the US products competitivity.

    The report has shown adding 292k of jobs out of the farming sector while the market was waiting for adding only 200k with upward revision of October adding from 298k to 307k and also for November adding of 211k to 252k.

    But the weak point in this report was the inflation wage pressure which has been tame in December by no monthly change, while the consensus was referring to increasing by 0.25 as the same as November.

    Have a good day

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    Tel: UK. +44 1138590277
    Mob: EGY. +20 1224659143

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