Morning Market Brief 24/7/15

AUDUSD has a new low of the year at 0.7303 since worse in China Markit Manufact. PmI


8.45am CNY Markit Flash Manufacturing PMI***

Actual 48.2 vs Forecast 49.8

European Market

- Stay focus on the ECB QE program. ECB injects 900M euro to support Greece's banking system.

- Stay focus on BOE announcement on the first interest rate hike for England.

- Stoxx 600 fell 0.5% closed at 398.10.

The U.S. Market.

- The USDX rebounded from 96.86 to closed at 97.18 as its jobless claims went down 26,000, the lowest in 42 years.

- DJIA fell 119.12, or 0.67%, closed at 17,731.92. NASDAQ fell 25.36 or 0.49%, closed at 5,146.41. S&P 500 fell 12.00 or 0.57%, closed at 2,102.15. 

Asia Market

- SSEC rose 97.88, or 2.43%, closed at 4,123.92.

- Nikkei rose 90.28, or 0.44%, closed at 20,683.95.

- PBOC may employ QE program by cutting interest rate 0.25%.

- BOJ signals to end QE program.

Australia & New Zealand Market.

- BONZ cuts its key interest rate 0.25% to 3% and further easing is likely from low inflation.

Oil

- August WTI fell $0.74 closed at $48.45 from higher supply.

- The U.S. oil inventories are higher than expectation.

- UAE ends oil price control.

- OPEC oil productions reached its 3-year high.

- Stay focus on Iran oil production, it is expected to flood the world market in January 2016. 

GOLD

- August gold rose $2.6, or 0.24%, closed at $1,094.10.

- Stay focus on the U.S. interest rate hike and demand in India, Russian, and China .


Economic Calendar Friday, July 24

- New Zealand is to report on the trade balance.

- China is to publish the preliminary reading of the HSBC manufacturing index.

- The euro zone is to release survey data on private sector activity.

- The U.S. is to round up the week with reports on manufacturing activity and new home sales.