December 2, 2013 - Daily Market News
Today Hot Asset : Oil , EUR , USD
U.S. stocks closed slightly lower on Friday and it was a quiet day with no economic data . The S & P 500 closed 0.08% lower and the Dow Jones closed 12:07 % lower. Both Chinese and Chinese Manufacturing PMI HSBC Manufacturing PMI was higher than expected, showing expansion in the manufacturing sector . Asian Stocks finished mixed , Hang Seng closed 0.89 % higher ( highest since 2011 ) while the Nikkei closed with little change (0.04 % lower) near six -month high . Attitude is boosted by speculation that the Bank of Japan will change monetary stimulus plan.
WTI fell last week after inventory data showed supply to rise again . In the Asian session , it received following the PMI data . This showed growth in the second largest oil consumer would increase demand for commodities. Investors should watch out for the PMI data later in the day where it could give some information on demand. Gold is the lower level ahead of U.S. data this week including GDP on Thursday and Nonfarm Payroll number on Friday. Investors are still looking for clues about the gradual starts and these numbers will provide key information.
Major Events of the Day:
08.50 : EUR - German Manufacturing PMI - measures the activity level of purchasing managers in the manufacturing sector
9:00 GMT : EUR - Manufacturing PMI - measures the activity level of purchasing managers in the manufacturing sector .
09:30 GMT : GBP - Manufacturing PMI - measures the activity level of purchasing managers in the manufacturing sector
13:30 GMT : USD - Fed Chairman Bernanke Speaks - Federal Reserve Chairman Ben Bernanke ( February 2006 - January 2014 ) is speaking. As head of the Fed , which controls short-term , he has a greater impact on the value of the U.S. dollar than any other person. Traders watch his speeches closely as they are often used to drop hints about future monetary policy.
15:00 GMT : USD - ISM Manufacturing Index - level diffusion barrier index based on surveyed purchasing managers in the manufacturing industry
