13/02/2014 - February Daily Review
- Mark Densel
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13 February 2014 - Daily Market News
Today's Hot Assets : EUR , USD
Shares have been gaining Yellen following the accommodative stance for monetary policy. She stated that purchases of securities are not on a set course and the economy needs to be further improved . Investors who yesterday locked in stocks and profits closed slightly lower. At the end of the U.S. trade was the S & P 500 down 0.03 % and the Dow Jones fell 0.19 %. Asian stocks were broadly lower after the negative lead from the U.S.. The Nikkei fell 1.79% as the yen strengthened against the dollar and the Hang Seng declined 0.54 % after Lenovo posted disappointing results . Investors will focus on inflation data from China tomorrow at 02.00 clock (GMT). European shares have also opened lower due to political problems in Italy During European morning trade , the EURO STOXX 50 fell 0.29% , France's CAC 40 declined slightly 0.21 %, while in Germany the DAX 30 slipped 0.24 %.
WTI Crude fell after the EIA showed inventories increased and amounted to 3.3 million barrels in the last week . Investors also have the price to be overbought , so investors locked in profits. Gold has a 3 - month high reached , as traders expect the Fed , the pace of rejuvenation after Janet Yellen doves Comments to slow down. We can now see a slight decrease because the physical demand weakened as the price increases . Investors should monitor U.S. retail sales come at 13:30 (GMT). Yellen should testify for a second day today, but it has been shifted due to the weather .
Today's main event :
09.00 GMT Clock : EUR - ECB Monthly Bulletin - The European Central Bank ( ECB) monthly report of the statistical data to evaluate the policy when setting interest rates contains . The report also gives detailed analysis of the current and future economic conditions from the bank's perspective .
13.30 GMT Clock : USD - Core Retail Sales - measures the change in the total value of retail sales in the United States without cars. It is an important indicator of consumer spending and is also considered as a tempo indicator for the U.S. economy .
13.30 GMT Clock : USD - Retail Sales - measures the change in the total value of inflation- adjusted sales at retail. It is the most important indicator of consumer spending , which account for the majority of overall economic activity.
13.30 GMT Clock : USD - Jobless Claims - measures the number of individuals who filed for unemployment insurance for the first time last week . This is the earliest U.S. economic data , but the market impact varies from week to week.