25/10/2013 - October Daily Review
- Mark Densel
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October 25, 2013 - Daily Market News
Today 's Hot Assets : EUR , USD
Better than expected earnings , in addition to the positive China HSBC Manufacturing PMI pushed U.S. stocks higher. The disappointing first-time unemployment claims also pushed stocks higher as increased speculation that monetary policy remain loose . The S & P 500 closed 0.33 % higher and the Dow Jones closed 0.62 % higher. Asian shares fell after the release of disappointing company forecasts and unpleasant information . Japan's Nikkei 225 closed 2.75% lower after the Japanese Bureau of Statistics said the country's consumer price inflation fell to 0.7 % and the Hang Seng closed 0.49 % lower. European stocks also closed higher after a collection of economic data and have opened in positive numbers .
WTI is trading choppy as prices have almost reached . Their lowest level in four months It is printed by concerns about the U.S. economic outlook . Data showed that U.S. manufacturing PMI lower than expected , which could lead to lower demand from the largest oil consumer was . Oil traders are also watching ongoing nuclear talks between Iran and the West. Gold fell slightly during the Asian session as investors locked in profits . The metal was yesterday after data released from the U.S. added to the speculation that will be delayed. Tapering
Today's Main Events :
08:00 GMT : EUR - German Business Expectations - rates the expectations of companies in Germany for the next six months . It is a sub - index of the German Ifo Business Climate Index .
08:00 GMT : EUR - German Current Assessment - rates current business conditions in Germany , without considering future expectations . It is a sub - index of the German Ifo Business Climate Index .
08:00 GMT : EUR - LFO German Business Climate Index - rates the current German business climate and measures expectations for the next six months . It is a composite index based on a survey of manufacturers, builders , wholesalers and retailers . The index is compiled by the Ifo Institute for Economic Research .
08:30 GMT : EUR - GDP ( cook ) / ( YoY ) - measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy . It is the broadest measure of economic activity and the primary indicator of the health of the economy .
12:30 GMT : USD - Core Durable Goods Orders ( MoM ) - measures the change in the total value of new orders for durable manufactured goods , excluding transportation items. Because aircraft orders are very volatile , the core number gives a better gauge of ordering trends . A higher value means increased industrial activity .
13:55 GMT : USD - Michigan Consumer Sentiment - rates the relative level of current and future economic conditions . There are two versions of this data released two weeks apart , preliminary and revised. The preliminary data tends to have a greater impact . The reading is compiled from a survey of about 500 consumers .