Citigroup, the third biggest US bank, released its earnings yesterday for their first quarter and showed unexpected profit. Retail Sales also came out higher than expected rising 1.1%. Stocks rebounded from their worst selloff in two years led by losses in technology stocks. The S&P 500 gained 0.82% and the Dow Jones gained 0.91%. Chinese stocks declined after a report showed he slowest increase in the nation’s money supply on record. The Hang Seng lost 1.6% as Persistent concerns over the Chinese economy have weighed on stocks, especially in Hong Kong. The Nikkei, however, climbed 0.62% after the Dollar rose to ¥101.84 following the positive data. European markets are mixed as investors are weighing violence in Ukraine and Germany released worse than expected ZEW Economic Sentiment.
Oil climbed to a 5 week high due to the geopolitical tension in Ukraine. The price is now falling as traders are watching a meeting scheduled on Thursday in Geneva, with hopes it will bring a political resolution. If an agreement is not made between the US, Ukraine, Russia and the EU, tighter sanctions could be imposed on Russia. Gold dropped to a weekly low following the strengthening of the U.S. Dollar. Traders are also awaiting U.S. data coming later in the day including Core CPI at 12.30pm GMT and a speech from Yellen at 2.45pm (GMT).
Today’s Main Events:
12.30 GMT: USD – Core CPI – measures the changes in the price of goods and services, excluding food and energy.
12.30 GMT: USD – NY Empire State Manufacturing Index – rates the relative level of general business conditions New York state
14.45 GMT: USD – Fed Chair Yellen Speaks – Due to deliver opening remarks at the Federal Reserve Bank of Atlanta’s Financial Markets Conference in Stone Mountain
19.00 GMT: USD – FOMC Member Plosser Speaks – Due to participate in a panel at the Federal Reserve Bank of Atlanta’s Financial Markets Conference, in Stone Mountain
22.45 GMT: NZD – CPI – measures the change in the price of goods and services purchased by consumers
April 15, 2014 – Daily Market News
Today’s Hot Assets: EUR, USD
Citigroup, the third biggest US bank, released its earnings yesterday for their first quarter and showed unexpected profit. Retail Sales also came out higher than expected rising 1.1%. Stocks rebounded from their worst selloff in two years led by losses in technology stocks. The S&P 500 gained 0.82% and the Dow Jones gained 0.91%. Chinese stocks declined after a report showed he slowest increase in the nation’s money supply on record. The Hang Seng lost 1.6% as Persistent concerns over the Chinese economy have weighed on stocks, especially in Hong Kong. The Nikkei, however, climbed 0.62% after the Dollar rose to ¥101.84 following the positive data. European markets are mixed as investors are weighing violence in Ukraine and Germany released worse than expected ZEW Economic Sentiment.
Oil climbed to a 5 week high due to the geopolitical tension in Ukraine. The price is now falling as traders are watching a meeting scheduled on Thursday in Geneva, with hopes it will bring a political resolution. If an agreement is not made between the US, Ukraine, Russia and the EU, tighter sanctions could be imposed on Russia. Gold dropped to a weekly low following the strengthening of the U.S. Dollar. Traders are also awaiting U.S. data coming later in the day including Core CPI at 12.30pm GMT and a speech from Yellen at 2.45pm (GMT).
Today’s Main Events:
12.30 GMT: USD – Core CPI – measures the changes in the price of goods and services, excluding food and energy.
12.30 GMT: USD – NY Empire State Manufacturing Index – rates the relative level of general business conditions New York state
14.45 GMT: USD – Fed Chair Yellen Speaks – Due to deliver opening remarks at the Federal Reserve Bank of Atlanta’s Financial Markets Conference in Stone Mountain
19.00 GMT: USD – FOMC Member Plosser Speaks – Due to participate in a panel at the Federal Reserve Bank of Atlanta’s Financial Markets Conference, in Stone Mountain
22.45 GMT: NZD – CPI – measures the change in the price of goods and services purchased by consumers
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