October 29, 2013 - Daily News Market
Today Hot Assets : USD
Today I will begin a two-day FOMC meeting and statement will be released tomorrow at 5pm ( GMT ) . Investors carefully as they are waiting to see the outcome of the meeting . It is likely that a decision will be made to delay tapering to March 2014. U.S. stocks closed mixed before the meeting and after Pending Home Sales came out worse than expected . The S & P 500 closed 0.13 % higher and the Dow Jones closed 0.01% lower. Asian stocks were mixed with the Hang Seng closed 0.18 % higher . The Nikkei 225 closed 0.49 % lower in the yen strengthened against the dollar . European stocks opened with little change after the company released earnings . Deutsche Bank fell in the bank states that its third- quarter profit fell 94 % .
WTI won yesterday and reached its highest level in a week after Libyan crude production is declining due to protests . The reduction affects prices in Brent but WTI follow suit . Oil traders are looking forward to the release of information on piles States of weekly crude and refined products to gauge the strength of oil demand in the world's largest oil consumer . It is speculated that lists U.S. crude rises to four-month high standard that has caused WTI to fall again . Gold reached a high amid speculation of a delay tapering and investors are now taking profits as the price became overvalued .
Main Events today :
12:30 GMT : USD - Core PPI ( MoM ) / ( yoy ) - measures the change in the selling price of goods and services sold by producers , excluding food and energy . The PPI measures price change from the perspective of the seller . When manufacturers pay more for goods and services , they are more likely to succeed in higher costs to the consumer , so PPI is thought to be a leading indicator of consumer inflation .
12:30 GMT : USD - Core Retail Sales ( MoM ) - measures the change in the total value of sales at the retail level in the United States , excluding automobiles . It is an important indicator of consumer spending and is also being considered as a speed indicator for the U.S. economy .
14:00 GMT : USD - CB Consumer Confidence - measure the level of consumer confidence in economic activity . It is a leading indicator as it can predict consumer spending , which plays an important role in overall economic activity . Readings above refers to higher consumer optimism
23:50 GMT : JPY - Industrial Production ( MoM ) - measures the change in the total value of inflation - conversion of output produced by manufacturers , mines and utilities .
