January 28, 2014 - Daily Market News

Today's Hot Bureau of Foreign Assets : GBP , USD

U.S. stocks fell yesterday amid concerns that emerging market economy may slow down. Uncertainty about the Fed stimulus is still present and affecting negatively the market . Fed meeting is now in progress and will conclude tomorrow . The close of U.S. trade , the Dow Jones fell 0.26 % , the index S & P 500 fell 0.49 % . Asia was given a negative lead from the U.S. , the Nikkei 225 Hang Seng guide below . They fell 0.17 % and 0.07 % respectively . European stocks opened higher following a three- day losing streak.

WTI is trading near the low weekly stockpile ahead of the API data later today at 9.30 pm ( GMT ) . Investors are expecting a rise in stockpiles from the U.S. . Markets will also be watching U.S. durable goods data due out at 1.30 am ( GMT ) as well as consumer confidence at 3 pm ( GMT ) to measure the strength of the economy . Gold is an inch lower ahead of FOMC statement on Wednesday . Physical demand also weaker after the price before they reach a height of 2 months . The market will probably be so from now until release .

Today Main Events :

09.30 GMT : GBP - GDP - measures the change in the annualized inflation - adjusted value of all goods and services produced by the economy .

13.30 GMT : USD - Core Durable Goods Orders - measures the change in the total value of new orders for long- lasting manufactured goods , including transportation items . Because the flight booking is very volatile , the core number gives a better measure of trends do

15.00 GMT : USD - CB Consumer Confidence - measures the level of consumer confidence in economic activity . It is a leading indicator as it can predict consumer spending , which plays a major role in overall economic activity .