17/10/2013 - October Daily Review
- Mark Densel
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- MARKETS NEWS
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October 17, 2013 - Binary Options Daily Market News
Congress finally voted to fund the government and raise the debt limit. This means that the U.S. will not default. Government employees will return to work, and the United States can not continue to pay its debts . And now a new set of deadlines and budget negotiations , they discuss taxes and spending , but investors are still concerned about the impact of the shutdown is only a temporary solution , and worry that another debt crisis could occur. U.S. stocks rose immediately after the budget agreement . The S & P 500 closed 1.38 % higher on the Dow Jones closed 1.36 % higher Asian stocks were mixed after the agreement , Nikkei closed 0.83 % higher , as the yen weakened against the strengthening dollar, but the Hang Seng was trading 0.09 percent lower as traders anticipate tomorrow's China . Most European stocks fell as companies reduced their annual financial targets.
Gold declined slightly yesterday, the U.S. government may be delayed because markets were still seem cautious. Now it bounce , since dollar erased their interests . Tomorrow we have some important data to be released in China, including GDP , industrial production, and the results tend to impact gold , and China is the physical demand for the metal. WTI some strong gains yesterday, when the data suggest an increase in stockpiles. The price is dropping. WTI fell last week, when the U.S. would have defaulted This will be curbed demand. There were also nuclear talks with Iran , and can lead to higher supply.
Today 's Events:
08,30 GMT: GBP - Retail ( MAM ) / (YoY) to measure the change in the total value of retail sales adjusted for inflation level . The main indicator of consumer spending , which represents the majority of overall economic activity.
11.45 GMT: USD - FOMC Member Fisher Speaks - The Federal Reserve Bank of Dallas President and Federal Open Market Committee (FOMC) voting member (2008 and 2011 ), Richard Fisher speaks. FOMC members are responsible for their performance and the benchmark interest rate , which closely follows the indications of possible future direction of monetary policy.
12.30 GMT: USD - Initial Jobless claims , a measure of the number of people who ask for unemployment insurance for the first time last week, this is the earliest U.S. economic data, but the market impact varies from week to week.
12.30 GMT: USD - Continuing Jobless claims measurement of the unemployed persons who are subject to the unemployment insurance benefits
14.00 GMT: USD - Philadelphia Fed Manufacturing Index - rate the relative level of general business conditions in Philadelphia. Level above zero on the index indicates improving conditions, below deteriorating conditions. Data are compiled from a survey of about 250 companies in the Philadelphia Federal Reserve district.