24th October 2013 - Daily Market News
Today's Hot Assets : USD, Gold
China released its HSBC PMI Manufacturing today , which came in at 50.9 compared to 50.5 expected . This shows that their production economy grows . Japanese stocks rose with the Nikkei closing 0.42% higher after the PMI data and how companies reported strong earnings growth expectations , including Hitachi and LG Household and Health Care Ltd. However, beat , the Hang Seng closed 0.77 % lower on fears of a liquidity shortage in the Chinese financial system . U.S. stocks closed lower as investors locked in profits from their previous rally and how companies released lower than expected earnings . The S & P 500 closed 0.47 % lower and the Dow Jones closed 0.35 % lower. European stocks opened higher today pushed by stronger corporate results by Daimler AG and ABB Ltd.
WTI rose after positive Chinese PMI. China is the second largest oil consumer and production expansion would lead to higher demand drives prices higher. Gold is little changed today , as the market awaits key data is released later in the day . Today we will have further training and U.S. initial jobless claims numbers at 12.30 GMT clock . Dealers are still in search of a glimpse of that when they can expect to begin rejuvenation and if the claims are lower than expected , it may suggest tapering is more likely to happen sooner .
Today's main event :
08:00 GMT: EUR - Manufacturing - measures the activity level of purchasing managers in the manufacturing sector . A value greater than 50 has an extension in the industry , refers to a reduction in 50th Traders watch these surveys closely because purchasing managers usually early access to data about their company's performance , which can be a leading indicator of overall economic performance , have access.
12:30 GMT : USD - Initial jobless claims - measures the number of individuals who filed for unemployment insurance for the first time in the past week . This is the earliest U.S. economic data , but the market impact varies from week to week.
12:30 GMT : USD - Jobless Claims - qualify measures the number of unemployed receiving benefits under unemployment insurance.
12:30 GMT : USD - Trade Balance - measures the difference in value between imported and exported goods and services over the period . A positive number indicates that more goods and services were exported than imported
14:00 GMT : USD - New Home Sales - measures the annualized number of new single-family homes that were sold in the previous month . This report tends to have more influence if it is before the Existing Home Sales because the reports are released are closely correlated.
23:30 GMT : JPY - Tokyo CPE Core (YoY) - measures the change in prices of goods and services bought by consumers in Tokyo , excluding fresh food .
