July 28, 2014 - Daily Market News
Hot Asset Today: USD
U.S. stocks closed lower for the week following disappointing results. Amazon has posted a loss of $ 126 million Visa and reduced its projected annual turnover. Geopolitical tensions also came back in the spotlight. At the closing session, the S & P 500 lost 0.48% and the Dow Jones closed 0.72% fall below 17,000. Asian markets started the week higher. The Nikkei added 0.46% after reaching its highest level in six months on Friday as the yen fell slightly against the U.S. dollar, which traded at 101.855 yen. The Hang Seng closed 0.88% higher, peaking at 24,428.63 3 years. This came after reports of 'train' could start in October, a system for negotiation between different markets. Tencent Holdings also climbed 3.2% after the approval of three private banks. European markets are for mostly higher after Ryanair, the largest discount airline in Europe, has reported a 152% increase in earnings in the first quarter. Currently, the CAC 40 was up 0.46%, while the FTSE 100 gaining 0.19%. DAX is off 0.02%.
WTI crude oil fell last week and broke a key support level. Data from the United States this week should be negative and could show a slowdown in the economy would bear for the goods. However, geopolitical tensions is underway and major changes could cause an increase. Gold rose on Friday and began the week on the side. A series of key economic events will be produced, including two days of the monetary policy meeting of the Federal Reserve to begin tomorrow. ADP Non-Farm Employment Change, non-farm payroll and unemployment figures will be published this week, we should expect greater volatility of the metal.
Key events today:
14.00 GMT: USD - Pending home sales - measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new construction.
23.30 GMT: JPY - Household Spending - measures the change in the value of the inflation spending by consumers.
23.50 GMT: JPY - Retail - measuring the variation of the total sales value of inflation at the retail level.
