July 17, 2014 - Daily Market News
Today hot assets: EUR, USD, JPY
U.S. stocks rose in the wake of better than expected earnings and deal news. For example, Time Warner rejected the takeover bid by the 21 Century Fox 80 billion dollars, which pushed the stock to rise 17%. The Beige Book showed that economic conditions and labor markets continued to improve. In close session, the benchmark S & P 500 rose 0.42% and higher, and the Dow was higher 0.45% to close at a record level of 15 times this year at 17,138.2. Asian stocks fell slightly across the region. The Nikkei lost 0.06% after the decline in bond yields in the euro area and the U.S. dollar fell to 101,48 ¥ from 101,68 ¥. Hang Seng Index lost 0.01%. European stocks are lower after the imposition of new sanctions on Russia by the United States and the European Union, bring Ukraine back into the spotlight. Currently, the CAC 40 index down 0.53%, while the index of London's FTSE 100 rose 0.42% and shut down Germany's DAX is lower by 0.32%.
Rose WTI crude rising after data from the EIA. Inventories fell by 7.5million barrels, an amount higher than expected. In addition, it is unlikely to resume oil exports before August due to pressure buyers for discounts of two Libyan ports, which have recently been re-opened. Gold prices rose after better than expected data from China, said yesterday. The actual increase in demand has also been attracting investors to the low price. The price is falling again, as traders assess softens comments on the tightening of monetary policy and the U.S. data coming in later in the day.
Today the most important events:
09.00 GMT: EUR - Consumer Price Index - measures the change in prices of goods and services from the consumer's perspective
12.30 GMT: USD - Building Permits - measure the change in the number of new building permits issued by the government
12.30 GMT: USD - Unemployment Claims - measures the number of individuals who filed for unemployment insurance for the first time during the past week
14.00 GMT: USD - Philly Fed Manufacturing Index - rates the relative level of general business conditions in Philadelphia
23.50 GMT: JPY - Monetary Policy Meeting Minutes - a detailed record of the meeting of the Bank of Japan policy development, and contains in-depth insights into the economic conditions that influenced the decision on where to set interest rates.
