June 9, 2014 - Market News Daily

Asset hot today: AUD

The U.S. economy added 217,000 jobs during the month of May if the unemployment rate decreased to 6.3%. While NFP figure was slightly lower than expected it was still an ongoing improvement in economic optimism boosting stocks. Federal Reserve Governor, Powell, also quoted in London at a conference and said the bank will not raise interest rates until the middle of next year. The S & P 500 and Dow Jones both closed at record levels contribute 0.46% and 0.52% respectively. Asian stocks continued positive attitude. The Hang Seng 0.73% with exports after better than expected Chinese Trade Balance and increasing. The Nikkei added 0.31% after GDP better than expected and as the dollar remained higher against the Yen. European stocks started the day higher. Some markets are closed for Whit Monday, but the indices are open as usual. Currently, the FTSE 100 is up 0.25% while Germany's DAX is up 0.10% and the French CAC 40 is up 0.04%.

WTI Crude climbed after the NFP report released on Friday. The figure showed sustainable growth in the U.S. is a greater demand for the commodity. Encouraging trade data from China also added support. The attention of OPEC meeting Wednesday in Vienna. Gold prices fell slightly after the U.S. data and increase in equity. However, it has now regained ground remains low in the Dollar against the Euro following news of extra stimulus in the euro area. The data will be important to watch this week Retail Sales to be released on Thursday.

Key events today:

16:00 GMT: AUD - RBA Governor Stevens Speaks - Due to a speech titled "Financial Regulation: Some Observations" delivered at the Federal Reserve Bank Symposium on Asian Banking and Finance in San Francisco

23:50 GMT: JPY - Tertiary Industry Activity Index - measures the change in the total value of services purchased by businesses. Is a leading indicator of economic health.