13/11/2013 - November Daily Review
- Mark Densel
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November 13, 2013 - Daily Market News
Today's Hot Assets: GBP , EUR, USD
U.S. stocks fell yesterday as investors locked in profits . They collected data after last week showed a positive view of the economy. There is speculation that tapering can now begin in December , as investors are reluctant to invest in equities in the long run . S & P 500 closed down 0.24% , the Dow Jones closed 0.21% lower. Chinese officials failed to introduce new financial reform after the 4 -day meeting this weekend in Beijing. As traders are expecting the changes to be introduced Asian shares fell powered disappointment. Hang Seng fell ten weeks low and declined 1.91% inNikkei closed 0.15% lower. European stocks opened lower and investors are waiting for a report on industrial production for the euro area at 10:00 GMT .
WTI has declined and reached 5 months nizkovčeraj the middle of the data speculation will show U.S. stocks higher. The focus is on the nuclear negotiations with Iran producing hope that lahkodržava crude production continues despite no agreement being made. The report was also released that bodoZDA soon surpassed other nations and postalanajvečja oil producer . Price now ranges as investors are waiting for information from the American Petroleum Institute later. The price of gold fell yesterday after the statements by the Fed tightens . Then again somewhat strengthened during the Asian session , but gains likely to be limited . Physical demand remains weak , and even if it does not happen narrows in December it will happen at some point.
Today's main events:
09:30 GMT GBP - plaintiff Count Change - measures the change in the number of unemployed in Britain during the reporting month. The rising trend indicates weakness in the labor market , which has a trickle -down effect on consumer spending and economic growth.
10:00 GMT : EUR - Industrial production - measures the change in the total inflation-adjusted value of the results provided by manufacturers , mines , and utilities .
10:30 GMT GBP - BoE Inflation Report -Bank of England ( BOE ) Inflation Report contains detailed economic analysis and inflation projections on the basis of which the Monetary Policy Committee of the Bank bases its interest rate decisions , and presents assessment of the potential for inflation in the UK over the next two years. The report is released quarterly.
12:10 GMT : EUR - German Buba President Weidmann Speaks - Deutsche Bundesbank ( Buba ) President Jens Weidmann to speak . As President of the Bundesbank and a member of the ECB , which controls key short- term interest rates , Weidmann has a certain influence over the value of the euro . His comments may determine a short-term positive or negative trend.
18:00 GMT : USD - Federal Budget Balance - measures the difference in value between revenue and expenditure of the federal government during the reporting month. A positive number indicates a budget surplus , a negative number indicates a deficit .
21:45 GMT : NZD - Core Retail Sales - measuring the change in the total value of inflation-adjusted sales at the retail level . This jepredvsem indicator of consumer spending , which represents the majority of overall economic activity.
23:50 GMT : JPY - GDP - measures the annual change in inflation-adjusted value of all goods and services by the economy. This jenajširše measure of economic activity inglavni indicator of health of the economy.