Global market update!

[Valuegrowth]

Despite volatility in global stocks market there are some demands for some stocks particularly for food related stocks. Volatility has become new normal now. It is not abnormal any longer.

Commodity market

OPEC deal prevented from OIL tanking below $40. Still outlook for oil market is very fragile due to poor fundamentals. If above deal work without any problems oil can stay around $47to $50 in 2017.However USA shale producers and another giant oil producer Kazakhstan still will supply enough oil to the market. There will be competition for oil market in the coming decade among oil producers. Iran also will grab some markets for their oil. If oil stays firm around $50 without tanking below $35 many new oil producers also will get interest on their oil fields and will produce more oil.

http://www.reuters.com/article/us-op...-idUSKCN11Z1X0

Russia aims to keep oil output around current level after OPEC deal. In the mean time grain prices are trending down further.


Currency market

http://www.investing.com/news/forex-...s.-data-429537

Dollar holds steady vs. other majors ahead of U.S. data

http://www.cnbc.com/2016/09/29/yen-s...ent-sours.html

Euro hits two-month low vs Swiss franc on Deutsche Bank jitters

http://www.nasdaq.com/article/forex-...point-cm686911

Yen holds weakness as CPI, household spending disappoint