26 May 2014 - Daily Market News

Today hot Assets: EUR

Better than expected new home Sales data from the U.S. boosted sentiment on Friday. Home Sales rose to 433,000 last month, an increase of 6.4 %. U.S. stocks ended the week with strong gains molecules into positive territory for the year; S & P 500 closed 0.42 % higher than the highest level of 1900 and the Dow Jones closed 0.38 % higher . The U.S. market will remain closed today for Memorial Day. Asian stocks were mixed today. Nikkei adds 0.97 % as the yen weakened against the dollar . The dollar is trading around ¥ 102 to an interview with the Governor of the Bank of Japan , Kuroda , where it was stated that the yen was too high and should not continue to appreciate. Hang Seng is closed with small changes posted a loss of 0.01 % as traders monitor the elections in Ukraine. European markets higher today while Italian banks are pushing higher and German stocks got a lift from a survey optimistic about trust. The UK market also closed today for a bank holiday .

WTI crude advanced to a 5 -week high after the EIA reported a drop in inventories . Violence has escalated in Ukraine ahead of the election this weekend that also added support to the commodity . 16 military were killed during an attack by pro - Russian rebels yesterday. Gold declined after positive U.S. data on Friday. The price was choppy trading below $ 1300/ounce . Geopolitics of ongoing in Ukraine could push prices up again as newly elected President is not pro -Russian .

Main Event Today:

08.00 GMT : EUR - ECB President Draghi Talk - Due to speak at European Central Bank Forum on Central Banking in Portugal