April 22, 2014 - Daily News Market

Hot Asset today : USD , Oil

Asian stocks declined following an investigation that showed pollution is one of the largest Chinese conglomerates . The chairman of CRC was dismissed because of violations of the law and regulations of parties, including money laundering . CRC makes up 3 elements of the Hang Seng and during the Asian session of heavy selling pressure seen . As a result , the Hang Seng lost 0.13% . The Nikkei lost 0.85 % as the yen strengthened against the U.S. Dollar was trading at 102.48 yen . European stocks were higher today as tensions over Ukraine eased following the meeting between Russia , Ukraine , the United States and the United Kingdom . During the mid - trade the Dax was 1.58 % higher , the FTSE 100 was 1.12 % higher and the CAC 40 was 0.95 % higher . U.S. stocks opened higher following better than expected earnings from Comcast and Netflix .

WTI crude fell to a seven- week high after less tension in Ukraine . Attention turns to data list . Investors expect a further rise in stockpiles that will be released tomorrow by the EIA . Gold also fell as reducing tension in Ukraine . Recent data from the U.S. have also been positive , adding to speculation that the Federal Reserve will reduce even further quantitative easing . Traders should continue to watch the Ukraine as the U.S. and Russia blaming each other for not implementing the terms of the agreement reached in Geneva . The United States has threatened further sanctions against Russia if the agreement is kept .

Today Main Events :

12:30 GMT : CAD - Wholesale Sales - measures the change in the total value of sales at the wholesale level . It is a leading indicator of consumer spending

14:00 GMT : USD - Existing Home Sales - measures the change in the annual number of existing residential buildings that were sold during the previous month