July 14, 2014 - Daily Market News 

Today's Hot Asset EUR 

The U.S. stock market closed higher on Friday after positive earnings from Wells Fargo. Wells Fargo announced that earnings increased by 3% to $ 5.42 billion in the second quarter. At the meeting concluded S & P 500 was 0.15% higher and the Dow Jones was 0.17% higher. Asian stocks start week higher, telecommunications and health care stocks advanced. Nikkei added 0.88% to Yen softened against the dollar, trading at only 101.503 101.315 yen. Hang Seng added 0.49%, as the Chinese three largest national mobile operators agreed to create a joint venture. European markets are higher today concerns the Portuguese financial system recede. Currently, the DAX is up 0.71% while London's FTSE 100 is up 0.67% and the French CAC 40 is up 0.56%. 

WTI fell to its lowest price since May The price is under pressure, because the two Libyan ports continued to increase export offer. Price now turned choppy as analysts warn, to fully ignore the geopolitical risks across the Middle East. Gold started the week with sharp losses ahead of earning reports and economic data in the next week. The dollar also strengthened as investors speculate on the timing of interest rate increases, and as we already know that the two assets tend to trade indirectly. Since the price is low, we can see an increase in physical demand. Today is a quiet day for data, but watch out for the speech of Mario Draghi in seventeen hours GMT. 

Today's Top Stories: 

09:00 GMT: EUR - Manufacturing - measures changes in the total inflation adjusted value of output produced by manufacturers, mines, and utilities. 

17:00 GMT: EUR - ECB President Draghi speaks - Due to testify on monetary policy before the Committee on Economic and Monetary Affairs of the European Parliament in Strasbourg