24/02/2014 - February Daily Review
- Mark Densel
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24 February 2014 - Daily Market News
Today's Hot Property: EUR
U.S. data on existing home sales on Friday after U.S. stocks weakened moved lower, the S & P 500 and the Dow Jones fell 0.19 % each . The Federal Reserve continues stocks , reduce the borrowing costs of the monthly bond purchase program , which is comfort , taper the pace at which you should pay particular attention to the data said. This weekend meeting of G20, announced that the global economy is expected to grow by two trillion U.S. dollars . However , it can be fed with the Fed and financial markets will not react well be regarded as part of it. Shares in the world and the development of value-added incentive measure to stimulate the economy will depend on the outlook for the decline in the cost of time and development. In Asia , stocks of banks , including the Industrial Bank Co, tightened lending to developers , fell in between. Hong Kong Hang Seng 0,80% and Japan's Nikkei 225 index is lower by 0.19 % , while the Shanghai Composite fell 1.75 % . European markets opened later in the day before the bottom of the basic data . LFO German Business Climate Index (GMT) releases 9am and European CPI 10 (GMT) will be released .
Due to the cold weather in the U.S. continues to be a high- traded WTI. Two storms will strengthen the demand for firewood , according to the National Weather Service and the U.S. is expected to hit the middle of the week . The U.S. crude inventories fell last week . Economic growth in the fourth quarter of merchants , Durable Goods Orders and revised data on consumer confidence is the key U.S. data later in the week , including a look ahead. Some of the benefits of gold from the U.S. market after the disappointment to see it. Fueling speculation the Federal Reserve further delay the recovery in the U.S. has declined in recent weeks , as the metal is continuously supported .
Main events of today:
09.00 GMT: EUR - LFO German Business Climate Index - rates current estimates of the German business climate and measures for the next six months. Manufacturers , builders , a composite index based on a survey of wholesale and retail . IFO Institute for Economic Research , compiled by the index .
10.00 GMT: EUR - CPI - measures the price change of goods and services from the user's perspective . Is a key way to measure changes in purchasing trends and inflation