Tag: September 2016

Market Analysis: 30 September, 2016

by Christala Parmaxi: Overview: US Economic Data The most important economic release for the US yesterday was GDP announcement for the second quarter of 2016. US growth increased by 1.4% beating expectations of 1.3% and the previous figure of 1.1%. Furthermore, the GDP Price Index remained stable at 2.3% while the GDP Sales of Q2 was grew by 0.2% reaching a change of 2.6% against expectations of 2.5%. The Initial Jobless Claims report was also announced positive at 254K, which is higher than last week’s figure by 3K but lower than expectations......

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