Market Wrap

16th October 2015

News

US Initial Jobless Claims firmer at 255k from talk of 269k

ECBs Nowotny: Endorses and expansion of Euro-zone stimulus
US Crude oil inventories rise to 7.6mln from expectations of 2.2mln

Commentary
Better than expected earnings reports from Goldman Sachs and Citigroup. This saw US stocks snap a
two day losing streak and also saw the S&P500 recapture the key 2,000 technical level. Shortcovering in bio-tech stocks also helped to support the NASDAQ.
The USD traded firmer overnight, supported by dovish comments from ECBs Nowotny, who
endorsed expanding stimulus in Europe and on the firmer than expected Initial Jobless Claims. The
USD lagged against the Yen all day, but bounced back on the firmer Claims numbers.
Oil prices were smashed again overnight, hitting a two week low on a surge in US inventories, largely
due to increased refinery activity. Gold prices rose overnight, seeing the yellow metal hit its highest
levels for the year, amid continued pricing out of a near-term interest rate hike.
Tonight sees Euro-zone CPI numbers and US Michigan Sentiment, Industrial Production and Capacity
Utilization.

Physical Currency Rates

Currency
AUD/CNY
AUD/USD
AUD/HKD
AUD/NZD
AUD/JPY
AUD/EUR
AUD/CAD

Ask
4.6561
0.7255
5.6245
1.0603
86.2673
0.6296
0.9286

Bid
4.7447
0.7386
5.7228
1.0817
88.0101
0.6572
0.9519

Currency
AUD/GBP
AUD/SGD
AUD/TWD
AUD/PHP
AUD/THB
AUD/MYR
AUD/FJD

Ask
0.4632
0.9286
21.2966
31.1469
25.0367
2.5470
1.5135

Bid
0.4785
1.1181
24.1398
35.0101
26.5854
3.1699
1.5911

Close
17,141.75
18,096.90
5,230.05
3,486.82

Move
+1.28%
+1.15%
+0.63%
+2.37%

Market
S&P500
Hang Seng
WTI Crude Oil
Gold

Close
2,023.86
22,888.17
$46.38
$1,187.50

Move
+1.49%
+1.35%
-0.60%
+0.70%

Markets
Market
DJIA
Nikkei
ASX 200
Shanghai
Composite

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