The stock market started new week with increase. We can see that Japanese Nikkei added 2.38% and Hang Sang increased by 1.29% . The reason of this increase is positive mood over the Russian news. The training of the Russian army seems to be over and troops have been pulled from the Ukraine border. The positive mood spilled over the European market and we can see that the FTSE100 has increase by 0.73% so far and DAX 1.57%. Due to the fact that there are no economic releases today we do expect a quiet day.
The Crude Oil WTI slightly declined and is traded below $98.00/barrel. The price reacted on lower risk which were coming from the Iraq militants who were threatening the Iraqi supplies in the north. Some analyst predict that the price will continue to decline as a cycle of the oil, however we are estimating that the price might reach the $100 level before September.
Today’s Main Events:
7.15 GMT: CHF– Retail sales – measure the change in the total value of inflation-adjusted sales at the retail level.
12.15 GMT: CAD – Housing Starts – measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector.
August 11, 2014 – Daily Market News
Today’s Hot Asset: EUR
The stock market started new week with increase. We can see that Japanese Nikkei added 2.38% and Hang Sang increased by 1.29% . The reason of this increase is positive mood over the Russian news. The training of the Russian army seems to be over and troops have been pulled from the Ukraine border. The positive mood spilled over the European market and we can see that the FTSE100 has increase by 0.73% so far and DAX 1.57%. Due to the fact that there are no economic releases today we do expect a quiet day.
The Crude Oil WTI slightly declined and is traded below $98.00/barrel. The price reacted on lower risk which were coming from the Iraq militants who were threatening the Iraqi supplies in the north. Some analyst predict that the price will continue to decline as a cycle of the oil, however we are estimating that the price might reach the $100 level before September.
Today’s Main Events:
7.15 GMT: CHF– Retail sales – measure the change in the total value of inflation-adjusted sales at the retail level.
12.15 GMT: CAD – Housing Starts – measures the change in the annualized number of new residential buildings that began construction during the reported month. It is a leading indicator of strength in the housing sector.
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