30/01/2014 - January Daily Review
- Mark Densel
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January 30, 2014 - Daily Market News
Today's Hottest Assets : USD, JPY
The U.S. Federal Reserve decided during their monthly meeting of the monetary policy of quantitative easing to lower another $ 10 billion to $ 65 billion. Economic activity continues to pick up and continuous improvement is still seen in the labor market . This brings uncertainty stocks as investors are not confident that they will serve without monetary stimulus in place. As a result, U.S. stock indexes fell , and at the end of the session S & P 500 was 1.02 % lower while the Dow Jones index was 1.19 % lower. Confusion also remains relatively emerging markets and their effectiveness in reducing incentives and a slowdown in China. Consequently , Asian shares also fell, as again pointed lower -than-expected Chinese data HSBC Manufacturing PMI. Hang Seng lost 0.48 % and the Nikkei index lost 2.45 %. European stocks opened lower and look set for more losses for the day.
WTI has seen some losses after the API reported higher than expected oil reserves . Today, the price moves higher after Fed further reduce its monthly program of buying bonds. Investors should wait for key data release on the same day including the U.S. GDP at 1:30 pm (GMT) and Pending home sales 3pm (GMT), which can give us an idea of the demand for goods. Gold rose yesterday physical demand from China pulled the metal above. Price also received due to the uncertainty in emerging markets such as Turkey and South Africa after a hike in interest rates. Price is falling as investors digested news of a further narrowing of the dollar and making some progress.
Today's Highlights:
09.00 GMT : EUR - German unemployment rate - measures the percentage of the labor force that is unemployed and actively seeking work in the reporting month .
13.30 GMT : USD - GDP ( quarterly ) - measures the annual change in value of inflation of all goods and services produced in the economy
13.30 GMT : USD - unemployment - measures the number of individuals who filed for unemployment insurance for the first time during the past week.
15.00 GMT : USD - Sales of homes (MoM) - measures the change in the number of homes under contract to be sold but still awaiting the closing transaction , excluding new construction.
21.45 GMT : NZD - Trade balance - measures the difference in value between imported and exported goods and services during the reporting period
23.30 GMT : JPY - Tokyo CPI - measures the change in prices of goods and services purchased by consumers in Tokyo , excluding fresh food.
23.50 GMT : JPY - industrial production (MoM) - measures the change in the total inflation-adjusted value of output produced by manufacturers, mines and utilities.