During the Asian session, the Honk Kong stock fell for the first time after 8 trading days. We should remind that the HSI previously finished on the highest level since December 2007 and exceeded the 28,000 psychological level. Today the price returned below and erased 1.62% probably because of profit taking investors. On the other hand, the Shanghai index continued up and added 0.34% supported by higher figure of Chinese New Loans. If we look on Australian market, we can see how negative data of copper and iron hurt the stock market (especially BHP Billiton which declined by 1.3%). The overall S&P/ASX 200 index fell by 0.2%.
During the European session we should be aware of possible price correction on EUR/USD pair as the price slightly increased during yesterday’s trading hours without any fundamental reason. The European Industrial Production which is another way how to measure economic output grew more than estimated. However, the recent ongoing crisis over Greece debt pushed the single currency down.
During the U.S. session, we should pay attention to the U.S. Retail Sales data that are expected to come the strongest in one year. In addition, the companies earning report period started and today we should keep an eye on Johnson&Johnson, Intel, Wells Fargo and JPMorgan Chase. With better releases the stock should rally up.
Today’s main events:
8.30 (GMT): U.K. CPI – Change in the price of goods and services purchased by consumers.
12.30 (GMT): U.S. Retail Sales – Change in the total value of sales at the retail level.
April 14, 2015 – Daily Market News
During the Asian session, the Honk Kong stock fell for the first time after 8 trading days. We should remind that the HSI previously finished on the highest level since December 2007 and exceeded the 28,000 psychological level. Today the price returned below and erased 1.62% probably because of profit taking investors. On the other hand, the Shanghai index continued up and added 0.34% supported by higher figure of Chinese New Loans. If we look on Australian market, we can see how negative data of copper and iron hurt the stock market (especially BHP Billiton which declined by 1.3%). The overall S&P/ASX 200 index fell by 0.2%.
During the European session we should be aware of possible price correction on EUR/USD pair as the price slightly increased during yesterday’s trading hours without any fundamental reason. The European Industrial Production which is another way how to measure economic output grew more than estimated. However, the recent ongoing crisis over Greece debt pushed the single currency down.
During the U.S. session, we should pay attention to the U.S. Retail Sales data that are expected to come the strongest in one year. In addition, the companies earning report period started and today we should keep an eye on Johnson&Johnson, Intel, Wells Fargo and JPMorgan Chase. With better releases the stock should rally up.
Today’s main events:
8.30 (GMT): U.K. CPI – Change in the price of goods and services purchased by consumers.
12.30 (GMT): U.S. Retail Sales – Change in the total value of sales at the retail level.
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