November 4, 2013 - Daily Market News
Today 's Hot Asset : EUR
Bank of Dallas President Fisher spoke at the Conference of Business today in Sydney . He stated that the U.S.. There. Should reduce their monetary stimulus as soon as possible and that it should be interest driven. Investors appear cautious ahead of the uncertainty. Asian stocks fell after with the Nikkei closing 0.88 % lower and the Hang Seng closing 0.26 % lower. European stocks opened higher after company earnings. Traders should wait for PMI data being released later today for Italy, Spain, France , Germany and the EU Overall.
Gold has been falling after the release of positive data for the U.S.. There. . The ISM manufacturing index came out higher than expected on Friday, pushing speculation that teyperingstart sooner. Prices are currently ranging and investors will await key data later in the week including U.S.. There. GDP. WTI is also lower than it is speculation that there will be sufficient crude Supplies. Output has advanced in Libya showing that the disruption of supply is easing .
Today's main events :
09,00 GMT: EUR - Manufacturing PMI - measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector ; below 50 indicates contraction . Traders watch the polls closely as purchasing managers usually have early access to data about their company's performance , which can be a leading indicator of overall economic performance.
09,30 GMT: GBP - Construction PMI - measures the activity level of purchasing managers in the construction industry. A reading above 50 indicates expansion in the construction industry : a reading below indicates contraction . It provides an indication of the health of the construction department in the UK. Traders watch the polls closely as purchasing managers usually have early access to data about their company's performance , which can be a leading indicator of overall economic performance.
21.00 GMT: USD - Fork Member rosengren Speaks - Federal Reserve Bank of Boston President and Federal Open Market Committee ( people ) voting member ( March 2011 - today ) Eric S. rosengren to speak. Folk members are responsible for setting the benchmark interest rate and their speeches are closely watched for indications on the future possible direction of monetary policy.
