May 27, 2014 - Daily Market News
Today Hot Asset : USD
U.S. markets remained closed for Memorial Day yesterday , leaving stocks still. U.S. stocks ended last week with strong growth to enter positive territory for the year ; S & P 500 closed 0.42 % higher than the level of 1900 and the Dow Jones closed 0.38 % higher. During the Asian trading session was thin. Nikkei added 0.24 % as the dollar remained strong against the yen , trading around ¥ 101.9 . Hang Seng lost 0.15 % . European stocks began the day after mixed climbing yesterday , in response to the European election results . In early trade , the FTSE 100 was up 0.21 % , while the CAC 40 DAX led below. They were below 0.26 % and 0.03 % , respectively.
WTI Crude continues to trade near four week high before consumer confidence data from the U.S. later in the day. Data are expected to dictate the direction of short-term oil as it can indicate the strength of the economy. The protests continued in Libya, which has now become the smallest oil producer in the 12 - member of the Organization of Petroleum Exporting Countries . The rebels are planning to discuss how to respond to the appointment of the new prime minister and threatened to terminate the contract recently reopened two oil terminals , pushing prices higher. Gold started the day with heavy losses before key data expected this week . Investors also whether the new president of Ukraine will reduce tension with Russia after promising to control separatists. Lowest price to boost demand for something physical , but traders should look for Core Durable Goods Orders and CB consumer confidence data .
Today Main Events :
12.30 GMT : USD - Core durable goods orders - measures the change in the value of new orders for manufactured goods long , excluding transportation items .
13.30 GMT : EUR - ECB President Draghi speaks - Due to participate in a panel discussion at the Forum European Central Bank Central Banking in Portugal
14.00 GMT : USD - CB Consumer Confidence - measures the level of consumer confidence in economic activity
