10/06/2014 - June Daily Review
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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