April 11, 2014 - Daily News

Today's Hot Asset : USD

Technology selloff continued yesterday in companies such as Facebook, Apple and Google are experiencing sharp losses. Nasdaq, the benchmark index of U.S. technology stocks, suffered its worst day since 2011, dropping 3.1 % , or 129.79 points. S & P 500 lost 2.09 % , while the Dow Jones lost 1.62 % . Asian markets experienced the same feeling. Nikkei dropped 2.38 % , the Yen against the U.S. dollar jumped ; Trade ¥ 101,36 compared to ¥ 102,13. Chinese CPI came in slightly below expectations, the downward momentum we have seen in recent months. However , analysts believe that the change is driven by the Chinese New Year, etc. Outlook remains silent . Accordingly , Hang Seng lost 0.79 % . European markets also opened lower amid selloffs in Asia and Wall Street. Currently , FTSE 100 1% lower , DAX is 1.21 % lower and the CAC 40 0.94% lower.

WTI remains high due to speculation that fuel demand that the U.S. should grow the economy continues to recover. Initial jobless claims are more positive than expected claims reached the lowest since May 2007 , reduced by 32,000 to 300,000 . Weaker than expected Chinese trade data due to a slight dip during the Asian session, but still went on weekly earnings . Gold reached its highest price in almost 3 weeks after the Federal Reserve 's meeting minutes. Low borrowing costs weaken the dollar , making gold an attractive investment . Gains were also seen in the decline in the stock market. Traders should focus on key U.S. data for clues to the state of the economy today .

The main events :

12.30 GMT: USD - PPI

13.55 GMT: USD - Michigan consumer sentiment