26/03/2014 - March Daily Review
- Mark Densel
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March 26, 2014 - Market News Daily
Today's Hot Bureau of Foreign Assets : USD , Oil
U.S. stocks rose yesterday after CB Consumer Confidence data came out better than expected . The measure increased to 82.3 , the highest level in 6 years, suggesting the economy is once again picking up after the bad weather subsided . The close of U.S. trade , the Dow Jones has gained 0.56 % , the S & P 500 has gained 0.44 % , and the Nasdaq has gained 0.19 % . Stocks in Asia also climbed the direction of the U.S. market . Nikkei closed 0.37 % higher, the index was originally a trade but sentiment is weaker ahead of the end of the quarter and the expected hike in the consumption tax because next week . Hang Seng closed 0.72 % higher after the Agricultural Bank of China posted on reported earnings that reassured investors about the level of bad debt in the financial system . European stocks had started the day higher after Chief Budesbank said yesterday . He stated that a negative deposit rates can be a solution for dealing with the impact of the strong euro and the Bank can fight deflation by buying assets from banks . At the beginning of the trade in Dax up 0.68 % , up to 40 C and 0.29 % FTSE 100 up 0.22 % .
WTI crude continues to trade in a choppy face mixed data . API reported an increase in crude and distillates stock yesterday, as expected pushing prices lower . But strong U.S. data related to the geopolitical tension in Ukraine is limited losses . The EIA will release inventory data later today at 2.30pm ( GMT ) . Gold dropped to less than 6 months because of a chance that interest rates will be increased at the beginning of next year . The price then climbed slightly as investors turned to safe haven assets due to tension with Russia . Results were limited , however, as the yuan is too lowers physical demand from China . As always , investors should focus on the U.S. data released later in the day, including the core Durable Goods Orders at 12.30 am GMT ) .
Today Main Events :
07.00 GMT : EUR - ISK German Consumer Climate - measures the level of consumer confidence in economic activity
12.30 GMT : USD - Core Durable Goods Orders - measures the change in the total value of new orders for long- lasting manufactured goods , including transportation items . Because the flight booking is very volatile , the core number gives a better measure of trends do
21.45 GMT : AUD - Trade Balance - measures the difference in value between imported and exported goods and services over the reported period