26/08/2014 - August Daily Review
- English
- MARKETS NEWS
- Hits: 1619
August 26, 2014 - Daily Market News
Today Hot Properties: USD, Oil
Following Yellewa positivity in Jackson Hole Symposium, markets turned Bullish. She noted that job market conditions have improved, but have yet to fully recover. The focus for the Fed will be assessing how far the economy of overall goals, which remains a difficult task. Federal Reserve is leaning toward medical use rates, in 2015, which were close to 0 since 2008 The S & P 500 to 2000 for the first time ever during the session closed, but only below 1,977.92 with an overall gain of 0, 48%. The Dow Jones received 0.44%. Asian markets declined across the region. In Argentina declined 0,59% as the Dollar fell slightly, trading at ¥ 103.883 compared with ¥ 104.11 previous day. The Hang Seng lost 0.37% after the news on the high speed rail connecting Hong Kong to mainland China cities than expected budget. European markets were mixed today after rallying yesterday. Meanwhile, The FTSE 100 was up 0.34% while the CAC 40 0.23%. The DAX was off 0.06%.
WTI crude fell from $ 93.80 / barrel to $ 93,00 / barrel after the release of deadly US housing data. Current prices increased slightly before the American Petroleum Industry report to be released at 8.30pm GMT. Entrepreneurs should also watch US data day. Gold spiked as the European session opening. A low price seemed to strengthen the body needs. Traders are also watching geopolitical tension and US data that will be released later in the day.
Today Main Events:
12.30 GMT: USD - Core surgical Goods Orders - measures the change in the total value of new orders for long-lasting manufactured goods, excluding transportation items. Because aircraft orders are very volatile, the core number gives the best gauge of ordering trends.
14.00 GMT: USD - CB Consumer Confidence - measures the level of consumer trust and economic activity.