08/07/2014 - July Daily Review
- Mark Densel
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- MARKETS NEWS
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July 8, 2014 - Market News Daily
Today's new assets: oil, dollar
U.S. stocks ended the day lower for the first time this month. Technology stocks were mostly lower as shares of Twitter, Inc fell 2.7% and Facebook slid 1.5%. The session close, the S & P 500 was 0.39% lower and the Dow Jones was 0.26% lower. Asian shares were mixed in today's session. Nikkei lost 0.42%, as the yen strengthened against the U.S. dollar purchasing 101,72 ¥, unlike 102,11 ¥ a day earlier. The yen strengthened on the back of positive Japanese data, including current accounts. Hang Seng closed since 23,541.38 after choppy session. European stocks are lower today as market attention turned to the upcoming earnings reports. Currently, DAX is down 0.52% while London's FTSE 100 is off 0.47% and France's CAC 40 is lower by 0.39%.
WTI crude is trading choppy and reached a monthly low of nearly $ 103 / barrel. The fall in prices was caused by reports that two oil export terminals will continue, increasing the supply. Geopolitical tension is also minimal and thus not providing any support for goods. API-rd will be releasing inventory at 20:30 GMT, and it can provide short-term trading opportunities. Gold prices rose slightly after U.S. indexes declined. Gains remain limited as there is still speculation that the Fed could raise interest rates sooner than expected. The focus will now turn to the Fed meeting minutes which will be released tomorrow.
Today the main events:
08.30 GMT: GBP - Production Production - measures the change in the total inflation adjusted value of output produced by manufacturers.
14.00 GMT: USD - shook Job Openings - Number of jobs reported during the month, with the exception of the agriculture industry
17.45 GMT: USD - FOMC Member Kocherlakota speaks - Because to talk about monetary policy and the economy in Minnesota Business Partnership, in Minneapolis. Attendance issues are expected