02/05/2014 - May Daily Review
- Mark Densel
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- MARKETS NEWS
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May 2, 2014 - Daily News
Today Hot Assets : Gold , USD
Today, salary payrolls report will be released . This indicates the net number of workers hired during the month and give market participants an idea of how the economy may fare in the near future . Last month we saw that 192,000 jobs were created , lower than analysts expected . U.S. stocks closed with little change as investors hesitated ahead of the report to the report. S & P 500 closed 0.01% lower and the Dow Jones closed 0.13 % lower . Asian shares mixed. Hang Seng closed 0.57% higher net recoveries in casinos and technology companies . Nikkei , however , lost 0.19% despite positive data from Japan which caused little reaction from the Yen. European stocks trade choppy today as tensions rise again in Ukraine and PMI data from Europe was mixed. At this time the FTSE 100 was higher by 0.11% and the CAC 40 led the DAX lower . They each lost 0.33 % and 0.01 %.
WTI crude rising today amid tensions in Ukraine . United States and the EU once again threatened sanctions again unless Putin helped ease tensions . U.S. data has been quite positive recently and so investors are put before the NFP report is released . Gold fell to a weekly low as Consumer Spending and ISM Manufacturing PMI out positive from the U.S. Merchant also digesting the FOMC statement where quantitative easing has been reduced by $ 10 Billion despite lower GDP than expected. NFP report will be released at 12.30 pm GMT .
Key Events Today:
09:00 GMT : EUR - Germany Manufacturing PMI - measures the activity level of purchasing managers in the manufacturing sector
13:30 GMT : USD - payrolls salary - measures changes in the number of people employed in the previous month , excluding the farming industry
13:30 GMT : USD - Unemployment rate - measures the percentage of the total labor force who are unemployed and actively looking for work in the previous month .