April 11th, 2016

Daily Market Commentary



  • The Consumer Price Index in China was reportedly down 2.3% and 0.4% in month-over-month and year-over-year terms, respectively.
  • The Producer Price Index in China was down 4.3% in year-over-year terms.



  • Oil halted gains after the biggest jump in almost two months as Iraq said it raised output to a record ahead of talks between the world’s largest producers about freezing output.
  • Gold rose to the highest level in almost three weeks as the dollar extended declines on the Federal Reserve’s cautious interest-rate outlook.
  • Copper held losses on Monday after posting its biggest weekly slump since January on concern growth in demand will slow along with the Chinese economy.


  • Quebec, Canada’s second-biggest provincial bond issuer, may sell debt in China’s currency to diversify its sources of funding while potentially lowering financing costs.
  • Canadian employment rose faster than forecast in March on full-time work and a revival in oil-producing Alberta, a big step in erasing the chance the central bank will cut interest rates.

United States:

  • U.S. stock-index futures rose, with investors bracing for the start of what’s forecast to be the biggest earnings slump since the financial crisis.
  • With the U.S. economy improving, President Barack Obama will meet with the chairwoman of the Federal Reserve to discuss the longer-term economic outlook today.
  • S. willing to provide economic aid to North Korea in return for disarmament, Secretary of State John Kerry says in Hiroshima at end of G-7 meeting of foreign ministers.



  • European stocks reversed earlier declines, rebounding from a fourth straight weekly drop amid gains in banks and miners.
  • While the Bank of England governor has signaled a slow tightening path, and investors see no rate increase for years, a vote to stay in the EU on June 23potentially creates a whole new backdrop.
  • Investors added $402.8 million to U.S. exchange traded funds that buy emerging market stocks and bonds last week as inflows slowed after seven straight gains.
  • Most Asian stocks fell, as losses in Japanese equities on a stronger yen offset gains in Chinese shares and commodity producers.
  • India may invest as much as $20 billion in Iran’s energy industry and ports and boost imports of crude from the Persian Gulf nation if it gets favorable terms, India’s Oil Minister Dharmendra Pradhan said in an interview.
  • Huawei Technologies Co. will stick with smaller acquisitions and has ruled out investment in Internet services, focusing on growing its consumer devices revenue to $100 billion within five years.

*All information is taken from Bloomberg, unless otherwise noted.