20/02/2014 - February Daily Review
- Mark Densel
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February 20 , 2014 - Daily Market News
Popular modern Assets : USD , JPY , Gold
Released FOMC minutes of the meeting yesterday said they will likely continue their current pace tapering . Minutes from the policy meeting Jan. 28-29 at the Fed voted to trim a few pain its current program to $ 65 billion from $ 75 billion . And he stressed that the benchmark interest rates will remain at 0-0.25 % until unemployment approaches 6.5 % , depending on the health of the economy in the context of sustainability . In recent weak data from the U.S. installed in a way that winter storms may interfere with the daily commerce . At the end of the U.S. trading , the Dow Jones Industrial Average lost 0.56 % , the S & P 500 index lost 0.65 % , while the Nasdaq Composite index lost 0.82 % . The Chinese HSBC Manufacturing PMI came in below expectations fell to seven - month low of 48.3 in February from a reading of 49.5 in January last . This has led to concerns about the strength of the economy . As a result , the markets finished broadly lower ; The Nikkei 225 lost 2.15 % while Hong Kong 's Hang England lost 1.19 % and China 's Shanghai Composite lost 0.18 % . European shares experiences with various negative today after the Manufacturing and Services PMI came in below expectations .
WTI reached such a high price since October following the added demand and supply and lower crude stock . The price then refused when the Chinese data came out very badly to be expected that suggests that demand could be weakened from the second largest consumer of oil . Today the U.S. is to release its weekly report on initial jobless and requests for data on consumer price inflation, so we may see more movement in the price later . After release from the Minutes of Meeting Gold fell yesterday . As the report indicated plans to continue the current pace of tapering investors turned away from the property in a safe place . Look for Physical been low because of the high price . Traders should note that U.S. data on Philadelphia Fed Manufacturing Index at 3pm ( GMT ) .
Main events of today :
13.30 GMT : USD - Core CPI measures changes in the price of goods and services , excluding food and energy . The CPI measures price change from the perspective of the consumer . Is a key measure changes in purchasing trends and inflation .
13.30 GMT : USD - Initial Claims jobless - measures the number of people who filed for unemployment insurance for the first time last week . This is the first data to the U.S. economy , but the market impact varies from week to week .
15,00 GMT : USD - Philadelphia Fed Manufacturing Index - the prices are high relative to general business conditions Philadelphia . Above zero on the quality list shows the improved conditions ; below indicates worsening conditions . The information is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve .
23.50 GMT : JPY - Minutes of Monetary Policy Meeting - The Monetary Policy Minutes of Meeting are detailed record of the Bank of Japan 's policy setting meeting , containing in-depth knowledge of the deep economic conditions that influenced the decision on where to set interest rates .