March 27, 2014 - Daily Market News
Today's Hottest Assets : GBP, USD, gold
U.S. President Obama spoke yesterday in Brussels. He said that further economic sanctions may be imposed against Russia and the Allies must not rest on our laurels. U.S. stock indexes opened the day in positive figures are a combination of positive data and speculation measures to stimulate the economy in Europe and Russia. However, Obama's speech renewed caution and investors were again willing to risk sending shares lower. At the close of trading S & P 500 was 0.7% lower and the Dow Jones is 0.6 % lower. Asian markets were mixed. Nikkei index gained 1.01 %, as the yen strengthened against the U.S. dollar as a safe haven asset. Hang Seng, however , declined to 0.24% as the main component , Tencent, traded almost 6 % lower after purchasing $ 500 million CJ Games, the Korean mobile gaming company. European stocks opened the day lower as concerns about Russia 's back. The loss remains limited , however, suggests more stimulus from the ECB supported the action. In morning trading , the index Euro Stoxx 50 fell by 0,27%, CAC 40 retreated 0.43% and the DAX slid 0.36 %.
WTI Crude rises after President Obama also said that further sanctions are located in Russia may include energy sector. Delivery is also lower as political unrest continues in Libya and ports remain closed . In addition , stocks were down the main storage center and U.S. gasoline demand reached a 3 month high of EIA indicated a decrease in inventories. Gold continued to fall yesterday after positive data from the U.S. . Yellens comments about rising interest rates have also added pressure on prices. Surprisingly, the potential escalation in the Crimea did nothing to increase the value of gold , as traders are more optimistic about the prospects of the U.S. economy in both the short and long term. Today Traders should watch U.S. data , including GDP and 12.30 GMT Pending home sales at 2 pm GMT.
Today's Highlights:
09.30 GMT : GBP - Retail Sales - measure the change in the total value of inflation-adjusted sales at the retail level . This is primarily an indicator of consumer spending , which accounts for a large part of total economic activity.
12.30 GMT : USD - GDP - measures the annual change in value of inflation of all goods and services produced in the economy
14.00 GMT : USD - Sale Houses - measures the change in the number of homes under contract to be sold but still awaiting the closing transaction , excluding new construction.
