10 February 2014 - Daily Market News
Today's Hot Property : WTI , Gold , CAD
A report Friday Nonfarm to pay out again less than anticipated shows that only 113,000 jobs during the month of January . However , the unemployment rate improved and drop to 6.6 % , the lowest rate since 2008. This is the picture painted by an improving economy , but one that still relies on low interest rates and the one who benefits from monetary stimulus . At the end of the U.S. trading , the Dow Jones Industrial Average gained 1.06 % while the S & P 500 gained 1.33 % . Asian shares were mixed as investors rated data . The Nikkei gained 1.77 % as the yen weakened against the dollar , however , the Hang Seng lost 0.27 % , due to continued uncertainty about the state of liquidity . European markets have opened higher as optimism is now growing that the Fed may discourage further narrowing of monetary stimulus .
WTI has risen to six weeks after the high unemployment rate in the United States have shown that there could be increased demand for goods , if continued improvement in the labor market . Weak NFP figure could again be attributed during a storm in the U.S. and so may not be so significant . On speculation that the Fed could slow down the narrowing also increases the price of oil, which tends to rise when the dollar falls because it becomes cheaper for buyers in different currencies . Now we can see the price drop due to profit taking . Gold rose following information and reached two week high . Physical demand from China has also increased. As the unemployment rate shows a positive force in the U.S. economy and suggests that information on paper may not be accurate and thus narrows may continue at the current pace . This would cause a fall in prices and therefore traders should be cautious with any long-term positions .
Today's main events:
13:15 GMT : C - housing starts - a measure of change in the annual level of new residential buildings that began construction during the reported month . It is a leading indicator of strength in the housing sector .
