December 11, 2013 - Market News Daily
Hot assets Today : USD , Gold , NZD
Trading volatility was lower and U.S. stocks fell yesterday . Investors are now focusing on budget negotiations and the meeting of the Federal Reserve , which will be next week , between December 17 to 18 . The S & P 500 closed 0.32 % lower while the Dow Jones closed 0.33% lower. Asian stocks also fell after some Chinese banks issued certificates of deposit and negotiable , as the yen strengthened against the dollar . The Hang Seng closed 1.71 % lower and the Nikkei closed 0.62 % lower. European stock markets opened after most finance ministers set the terms for an agreement to share the cost of failed banks .
WTI continues to rise after the American Petroleum Institute released that oil inventories fell for the second consecutive week . There was evidence of economic growth worldwide, which leads to greater demand and also pushes prices up . Three oil ports are also set to reopen in Libya later this month , which will put pressure on the price . Gold has continued to rise when the dollar weakens . However, the upward momentum may be coming to an end as physical demand will decrease with a higher price . The incidence is also on the Federal Reserve meeting next week and make a decision on the tuned monetary easing policy .
Today Main events :
15:00 GMT : USD - Treasury Secretary Lew Talk - The secretary of the U.S. Treasury Jack Lew (February 2013 ) is talking . Speaks frequently on a wide range of subjects and his speeches are often used to signal policy changes to the public and to foreign governments .
19:00 GMT : USD - Balance Federal Budget - measures the difference in value between the federal government 's income and expenditure during the reference month . A positive number indicates a budget surplus , a negative number indicates a deficit .
20:00 GMT : NZD - Interest Rate Decision - The Reserve Bank of New Zealand ( RBNZ ) governor decides where to set the rate after consulting the senior bank staff and outside consultants .
20:00 GMT : NZD - Monetary Policy Statement RBNZ - describes how the bank can achieve inflation targets , as proposed to formulate and implement monetary policy over the next five years and how monetary policy has been applied since the release of last statement.
20:00 GMT : NZD - RBNZ Rate Statement - the main tool the panel uses to communicate with investors about monetary policy . Contains the result of the vote on interest rates , discusses the economic outlook and offers clues on the future evolution of votes .
