WEEKLY MARKET TEKEL REPORT 1 – 4

Publicada en Publicada en MARKET TEKEL REPORT

OIL & GAS

WTI was up +4.23% during the week and closed at 48.70 on Friday at 4 pm. Brent was up -4.00% and closed at 49.71 in the same period. Oil futures tumbled to the lowest level in nearly a month on Friday amid mounting skepticism over the implementation of a planned deal by OPEC to limit production. Group’s officials meeting in Vienna to work out the details of their plan to reduce oil production failed to reach agreement after hours of talks on Friday, amid objections by Iran which has been reluctant to even freeze its output. However, OPEC said it won’t finalize details on individual output quotas until its next official meeting in Vienna on November 30. In September, the group’s production  reached 33.4 million barrels a day. The possibility that producers could walk away empty-handed from the November meeting looms large after Iraq, Iran, Nigeria and Libya all signaled they might not take part in the proposed production cut deal. Russia’s unclear stance is also fueling uncertainty. Prices stayed lower as the number of rigs drilling for oil in the U.S. last week fell.

img-006

by 2 to 441, marking the first weekly decline since June and data showed U.S. crude stockpiles expanded. Source: Crude Oil Futures  -Weekly Outlook: Oct.  31  – Nov.  4 http://www.investing.com/news/commodities-news/crude-oil-futures— weekly-outlook:-oct.-31—nov.-4-435937

___________________________________________________________

EQUITY

The DJIA closed +0.09%, to end at 18161.19, while the S&P

500 ended -0.69%, at 2126.41. Expectations for higher borrowing costs in the world’s largest economy and the U.S. presidential election are taking all the joy out of a recovery in corporate profits. U.S. equities dropped after the FBI reopened its investigation into Hillary Clinton’s use of an unauthorized e-mail server. Equity markets have been wagering on a Clinton victory, with the latest RealClear Politics poll average showing her with an advantage of about 5 points. Stocks have been stuck since August as the looming presidential election and expectations for higher interest rates upstage a recovery in corporate profits. BOVESPA closed up +0.31%. IPC closed – 0.85%. MERVAL closed -2.13 %. COLCAP closed -0.15%. STOXX 600 closed -1.01%. Source: Wall Street ends little changed; Microsoft hits record http://www.investing.com/news/stock-market-news/stock- futures-dip-as-investors-assess-earnings-433881

___________________________________________________________

FIXED INCOME

US 10-Year yield was up +6.51% to 1.849, the 2-Year yield was up +3.50% to 0.857 and the 30-Year yield was +5.23% to 2.616 during the week. Stronger economic growth than expected in the 3Q increased the likelihood of rise in the fed’s rate. However, the market is discounting that it will happen until December 14th and not at the meeting this week. U.S. gross domestic product expanded more-than-expected at an annual rate of 2.9% in the three months to September and U.S. consumer spending slowed to 2.1% in the last quarter. German bonds headed for their worst month since 2013 as a global selloff deepened amid speculation major central banks are moving closer to reining in stimulus. Yields on Europe’s benchmark 10-year securities rose earlier to the highest in almost six months. Source: Bloomberg and Valmex Weekly Report http://www.bloomberg.com/news/articles/2016-10-27/yen-weakness-seen- boosting-japan-stocks-as-asia-pauses-on-fed

___________________________________________________________

FOREIGN EXCHANGE

The dollar fell against the euro and the yen late Friday amid heightened political uncertainty after the FBI said it would review more emails related to Hillary Clinton’s private email use. GBP/USD was -0.41% to 1.185 during the    week as the U.K. economy grew more than expected in the third quarter. EUR/USD closed +0.95%. USD/JPY closed +0.84% while USD/COP closed +2.02 % at 2988.11 Source: Investing. Forex – Weekly outlook: October 31 – November 4 http://www.investing.com/news/forex- news/forex—weekly-outlook:-october-31—november-4-435944

___________________________________________________________

LATAM CREDIT

In Mexico, the economy shrank (-) 0.1% in August compared to July and annual inflation beats 3%. Brazil’s police sought corruption charges against former finance minister and presidential chief of staff Antonio Palocci. Fitch Ratings supports the proposed tax plan because it shows the Colombian government’s commitment to addressing the sovereign’s loss of oil revenues, rebuilding the tax base, and supporting the economy’s formalization and investment recovery.. Source:   Investing World News

___________________________________________________________

WEEKLY ECONOMIC CALENDAR

MONDAY 31 TUESDAY 1 WEDNESDAY 2 THURSDAY 3 FRIDAY 4
 

2-Yr Note Settlement

 

2-Yr FRN Note Settlement

 

5-Yr Note Settlement 7-Yr Note Settlement 30-Yr TIPS Settlement

Personal Income and Outlays

8:30 AM ET

 

Chicago PMI 9:45 AM ET

 

Dallas Fed Mfg Survey 10:30 AM ET

 

4-Week Bill Announcement 11:00 AM ET

 

3-Month Bill Auction 11:30 AM ET

 

6-Month Bill Auction 11:30 AM ET

 

EIA Monthly Report on Oil and Gas Production 12:00PM

 

Farm Prices 3:00 PM ET

 

Africa Oil Week, Cape Town

Day 1 of 5

 

Andarko 3Q Earnings

 

 

 

 

 

FOMC Meeting Begins Redbook

8:55 AM ET

 

PMI Manufacturing Index 9:45 AM ET

 

ISM Mfg Index 10:00 AM ET

 

Construction Spending 10:00 AM ET

 

4-Week Bill Auction 11:30 AM ET

 

Gallup US ECI 2:00 PM ET

 

API Weekly Oil Inventory Report 4:30PM

 

KAPSARC Energy Dialogue

Day 1 of 2

 

Iran Europe Oil, Gas & Energy Summit in Berlin Day 1 of 3

 

Earnings: BP, Shell, Occidental Petroleum

 

 

 

 

 

 

 

 

 

 

 

 

 

MBA Mortgage Applications 7:00 AM ET

 

ADP Employment Report 8:15 AM ET

 

Gallup U.S. Job Creation Index

8:30 AM ET

 

Treasury Refunding Announcement 8:30 AM ET

 

3-Yr Note Announcement 8:30 AM ET

 

10-Yr Note Announcement 8:30 AM ET

 

30-Yr Bond Announcement 8:30 AM ET

 

EIA Petroleum Status Report

10:30 AM ET

 

FOMC Meeting Announcement 2:00 PM ET

 

Bloomberg Monthly OPEC Survey for October

 

OPEC Board of Governors meeting, Vienna

Day 1 of 2

 

Earnings: Chesapeake, Marathon Oil, Transocean

 

 

Weekly Bill Settlement Chain Store Sales

Challenger Job-Cut Report

7:30 AM ET

 

Jobless Claims 8:30 AM ET

 

Productivity and Costs 8:30 AM ET

 

Gallup Good Jobs Rate 8:30 AM ET

 

Bloomberg Consumer Comfort Index

9:45 AM ET

 

PMI Services Index 9:45 AM ET

 

Factory Orders 10:00 AM ET

 

ISM Non-Mfg Index 10:00 AM ET

 

EIA Natural Gas Report 10:30 AM ET

 

Singapore Onshore Oil- Product Stockpile Data 4:00PM

 

Fed Balance Sheet 4:30 PM ET

 

Money Supply 4:30 PM ET

 

PJK’s Weekly ARA Oil Product Stockpiles Report

 

 

Employment Situation 8:30 AM ET

 

International Trade 8:30 AM ET

 

Dennis Lockhart Speaks 8:30 AM ET

 

Rob Kaplan Speaks 12:00 PM ET

 

Baker-Hughes Rig Count 1:00 PM ET

 

CFTC Commitment of Traders Report 3:30PM

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Produced by:   TEKEL CAPITAL & TRADING S.A.S.

Deja un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *