23/04/2014 - April Daily Review
- Mark Densel
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April 23, 2014 - Market News Daily
Today hot property : EUR , USD, oil , NZD
U.S. stocks rose after positive data and better earnings than expected from the company . Netflix and Comcast both released positive first quarter results that we set . Existing homes sales fell to 4.59M in March but higher than expected 4.55M . Closing the session , the Dow Jones gained 0.40 % , S & P 500 index rose 0.41 % and the Nasdaq rose 0.97 % . Asian markets fall after China HSBC Manufacturing PMI out at 48.3 lower than expected ; a sign of a decline in the economy . Hang Seng Index lost 0.91 % and Shanghai Composite lost 0.26 % . Nikkei , however , rose 0.19 % after Governor Kuroda said that the economy is still on track to achieve the 2 % inflation Meanwhile, fiscal policy will change . European markets lower , although PMI data across the eurozone out strong . Currently, shares are off as France 's CAC 40 fell 0.37 % . DAX index fell 0.24 % while FTSE 100 in London is unchanged .
WTI crude fell yesterday after positive U.S. data . Prices fell further after China released its worse than expected HSBC manufacturing PMI . As China is the second largest consumer of oil , soft data suggests demand may decrease . Investors should see inventories data from the EIA later in the day at 02:30 GMT . Gold also fell yesterday and almost reached a low of 3 months . Ukraine Reduced stress , positive U.S. data and a pickup in stocks all contributed to the decline . Metal has so far traded flat today .
Today the main event :
12:30 GMT : CAD - Core Retail Sales - measures change in the total value of sales at the retail level in Canada , not including cars
14:00 GMT : USD - New Home Sales - measures the annual number of new homes in a family has been sold in the previous month
21:00 GMT : NZD - Interest Rate Decision - The Reserve Bank of New Zealand ( RBNZ ) governor decides where to set the rate after consultation with senior bank staff and outside counsel .
21:00 GMT : NZD - RBNZ Rate Statement - Reserve Bank declared New Zealand 's rate is the primary tool the panel uses to communicate with investors about monetary policy .