February 3, 2014 - Daily Market News
Activities Hot Today : EUR, USD
U.S. stocks fell on Friday after weak earnings in the fourth quarter . The markets are also still reacting to the Federal Reserve's decision to cut further monetary stimulus . At the end of U.S. trade , the Dow Jones Industrial Average was down 0.94% and the S & P 500 was less than 0.65% . Asian stocks lower after a decline in the growth of China's Manufacturing , the Nikkei closed down 1.98% . The ' Hang Seng , however, remained at the level of 22,035.42 due to the markets being closed for the Lunar New Year . Markets are closed in China , Malaysia, Taiwan and Vietnam. European stocks open mixed , when the FTSE 100 is higher than 0.25% and the CAC 40 is higher than 0.02% , the DAX , however, is off 0.21% .
WTI is down due to concerns that emerging economies could shrink that have benefited from the Fed's stimulus. While the Federal Reserve has decided to cone which could result in less capital flowing into their borders. There is also speculation that demand may decline after weak data from China further pressurizing the low price. The price is currently trading at $ 97/barrel . Gold prices fell as demand physical quietened due to Asian markets being closed . Prospects for further taper are also lower the price.
Main events of today:
09:00 GMT : EUR - German Manufacturing PMI - measures the activity level of purchasing managers in the manufacturing sector
09:30 GMT: EUR - Manufacturing PMI - measures the activity level of purchasing managers in the manufacturing sector .
14:00 GMT: USD - U.S. Treasury Secretary Lew Talk - The U.S. Treasury Secretary Jack Lew ( February 2013 ) is to speak. He 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
15:00 GMT : USD - ISM Manufacturing PMI - based on data collected from monthly replies to questions from purchasing and supply executives in over 400 industrial companies . For each of the indicators measured this report shows the percentage reporting each response , the net difference between the number of responses in the positive economic direction and the negative economic direction and ' diffusion index .
