24/03/2014 - March Daily Review
- Mark Densel
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- MARKETS NEWS
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24 March 2014 - Daily Market News
Today hot Assets: EUR
Last week, the market was moved by the statement the Fed 's Yellen and comments because they want to raise interest rates 6 months after the end quantitative easing . Stocks initially fell , but some ground blind following positive U.S. data . EU and U.S. then the intensified sanctions against Putin to pressure the Russian government to alleviate the global standoff other over Ukraine. Western nations have added more people in their list of assets freezes and travel ban pushed stocks lower and end of the week, the Dow Jones lost 0.17 %, the S & P 500 lost 0.30 %, and the Nasdaq lost 0.98 %. Asian markets were higher during today's session . Chinese HSBC Manufacturing PMI has below expectations sparking speculation that the weakness in the data could push Beijing to begin a fresh round of stimulus , as this would be the only way China can meet 2014 economic growth objectives. Hang Seng The closed 1.91 % higher with Nikkei closed 1.77 % higher as investors returned to the market after a public holiday . European markets are lower today as world leaders gathered in The Hague to discuss other tensions over Ukraine.
WTI crude ended higher on Friday as investors monitor the geopolitical tensions surrounding Ukraine. Today , data is weak from China that caused a dip in prices during the Asian session as it has sparked concerns about a slowdown in the second largest user of oil. In the coming week , investors will watch U.S. data that measure the strength of the economy , including the housing sector data , consumer confidence and durable goods . Gold ended the week with losses after the Federal Reserve decided to continue tapering and suggested interest rates could rise again as soon as 2015 . Metal is still declining today but with no major economic events can lower volatility .
Main Event Today:
08.30 GMT : EUR - German Manufacturing PMI - measure activity levels for purchasing managers in the manufacturing sector .
09.00 GMT : EUR - Services PMI - measure activity levels for purchasing managers in the services sector .