June 10, 2014 - Daily Market News

 

Today's Hot Assets: GBP, USD

 

U.S. stocks continued to climb, reaching a record level of the S & P 500 19 times this year. With no major economic figures released, the movement came from observations FOMC members Bullard and Rosengren. S & P added to 0.09% to 1,951.27, and the Dow Jones added 0.11%, amounting to 16,943.1. Asian stocks ended mixed. The Nikkei lost 0.85% as the dollar fell against the yen. However, the Hang Seng was 0.86% after positive data from China. China's consumer price index came in better than expected to reach a four-month high of 2.5%. Chinese banks are also maintained gains after the People's Bank of China announced a plan to cut the reserve requirement ratio. European markets opened mixed following a sharp increase in the debt before yesterday, and manufacturing production data from the United Kingdom. Currently, the DAX is up 0.13% and the CAC 40 is up 0.09%. However, out of the FTSE 0.50%.

 

WTI Crude oil climbed after positive data from China and Europe boosted the prospects for additional stimulus energy needs. Merchandise is currently trading at its highest level since March over U.S. $ 104/barrel. The API is set to release surveillance data today at 20:30 GMT, and the expectation is to see a decrease in supply. Gold is trading in the range as a result of inconsistent data. On the one hand, the ECB lowered interest rates and said a further incentive, which is a bullish metals. But investors continue to invest in U.S. stocks, pushing them to a record level. Traders should look to U.S. data throughout the week, including a young jolts at 2:00 today.

 

Today's Main Events:

 

8.30 GMT: GBP - industrial production - the measures the change in the total inflation-adjusted value of output of producers

 

14:00 GMT: GBP - NIESR GDP Estimate - measures the change in the estimated value of all goods and services produced in the previous three months, the economic

 

14:00 GMT: USD - young jolts - the number of jobs reported during the month, with the exception of the agricultural sector

 

Market Review By TraderXP

The yen touched the weakest level against the dollar since June 2010, on speculation the Bank of Japan will work with the government of Prime Minister Shinzo Abe to step up efforts to stimulate the economy.

 

Market Review By TraderXP

Oil fell as accelerating Chinese inflation reinforced fears that economic incentives can be eliminated. The spread between oil in New York and London has narrowed to least in almost four months.

 

March 5, 2014 - Market News Daily

 

Today 's Hot Assets : EUR, USD, CAD

 

The chances of military conflict in Ukraine has decreased. Russian President Putin said that they reserve the right to use force in the Crimea in the case of " lawlessness " , but noted that such an occurrence would be a last resort . This came after news that Russian troops were called military exercise back into their bases . Stocks rose as investors speculated that the situation would likely not escalate further. S & P 500 closed 1.53 % higher and the Dow Jones closed 1.41 % higher . Asian stocks were mixed . Nikkei rose 1.2 % as the yen continued to weaken against the dollar . Hang Seng , however , declined 0.34 % as Chinese HSBC Manufacturing PMI points to slowing economy . Attention in Asia will now turn to the National People's Congress meeting in China. The meeting will be watched for any signs of whether government officials will introduce something new to the restructuring of China's economy . Asian investors are also preparing for a potential default in the bond market in the country . European shares lower on a wide range of services PMI data came out better than expected and the whole eurozone GDP out of the goal.

 

WTI crude declined almost 2 % as the threat of disruptions related to the geopolitical situation in Ukraine fell . API- ing, published yesterday that U.S. crude inventories rose 1.2 million barrels in the week ending Feb. 28, compared with expectations for an increase of 1.5 million barrels . Traders are now looking forward to today's EIA inventory of 15:30 (GMT). After collecting the following tension in Ukraine , gold fell 2 % yesterday . Attention will turn to key U.S. data released later in the day . ADP Nonfarm Employment Change will be released at 13:15 (GMT) and ISM Non- Manufacturing PMI will be released at 15:00 (GMT).

 

Today the main events :

 

13.15 GMT: USD - ADP Nonfarm Employment Change - a measure of the monthly change in non - farm , private sector , based on payroll data from about 400,000 U.S. business clients

 

15.00 GMT: CAD - Decision interest rate - Bank of Canada ( BOC ) governing council members came to a consensus on where to set the rate .

 

15.00 GMT: USD - ISM Non- Manufacturing PMI - Institute for Supply Management (ISM) Non- Manufacturing Purchasing Managers Index (PMI) for Business report , the composite index is calculated as an indicator of the overall economic condition for the non- manufacturing sector .

 

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