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Stock market moves but S&P500 still close in a loss for the week


Last Week Risers & Fallers:

Spotify Technology (NYSE: SPOT) – Spotify shares gained 5%, the music streaming company announced their buying back $1 billion in stocks.

Microsoft Technology (NASDAQ: MSFT) – The software giant’s stocks rose by 2.6%; Microsoft shares gained 40% for the year so far.

Silver Futures – Silver futures price slumped on Friday by 1.13% to $22.968. the US dollar gained this week, and The USD denominates Silver. Silver is testing the major support of $23; Silver could remain bearish long-term below this level.

USDCAD – Gained 2.485% and is trading at 1.28250, dollar index hit a 9-month high this week; the USD gaining against all major currencies.

Major events to watch:

UK (GBP): Manufacturing PMI – The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector.  The last reported number was 60.4, which was flat vs expected. The report is due Monday, 23 August at 10:30 GMT+2.

USA (USD): Existing Home Sales – a measure in the change of existing residential buildings sold during the previous month. This is an annualized number. July’s reading was 5.86 Million, lower than the expected 5.9 Million. The report is due Monday, 23 August at 16:00 GMT+2.

AUSTRALIA (AUD): Retail Sales – Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the leading indicator of consumer spending, which accounts for the majority of overall economic activity. The last number was -1.8%, which was as per forecast. The report is due Friday, 27 August at 03:30 GMT+2.

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