U.S. stocks climbed as geopolitical tension seemed to ease. Traders were also waiting for this week’s data, including CPI and the FOMC Meeting Minutes, to determine the strength of the economy. Investors are anxious for any hints towards raising interest rates as data has been consistently positive. At session close the S&P 500 was 0.85% higher and the Dow Jones was 1.06% higher. Asian markets also climbed across the region. The Nikkei added 0.83% as the Dollar traded high against the Yen, at ¥102.64 compared to ¥102.48 at the previous day’s close. The Hang Seng added 0.67% climbing above 25,000 for the first time since 2008. European markets are higher today as they track the direction of global markets and benefit from positive earnings. Currently, the DAX is up 1.06% while London’s FTSE 100 is up 0.53% and France’s CAC 40 is up 0.43%.
WTI Crude changed over to the October contract. The price is rising ahead of today’s inventory report from the API which is expected to show a negative result. The report will be released at 8.30pm GMT. Gold declined as tension in Ukraine improved with progress reported from talks. Traders may be cautious ahead of tomorrow’s Meeting Minutes as the current expectation is that they will be bullish for the Dollar. Any changes in geopolitical events could cause a spike in the safe haven asset and so as always traders should remain up to date.
Today’s Main Events:
08.30 GMT: GBP – CPI – measures the change in the price of goods and services from the perspective of the consumer
12.30 GMT: USD – Building Permits – measures the change in the number of new building permits issued by the government.
12.30 GMT: USD – Core CPI – measures the changes in the price of goods and services, excluding food and energy.
12.30 GMT: USD – Housing Starts – measures the change in the number of new constructions underway
23.30 GMT: AUD – RBA Governor Stevens Speaks – Due to testify before the House of Representatives’ Standing Committee on Economics, in Brisbane
August 19,2014 – Daily Market News
Today’s Hot Assets: USD, Oil
U.S. stocks climbed as geopolitical tension seemed to ease. Traders were also waiting for this week’s data, including CPI and the FOMC Meeting Minutes, to determine the strength of the economy. Investors are anxious for any hints towards raising interest rates as data has been consistently positive. At session close the S&P 500 was 0.85% higher and the Dow Jones was 1.06% higher. Asian markets also climbed across the region. The Nikkei added 0.83% as the Dollar traded high against the Yen, at ¥102.64 compared to ¥102.48 at the previous day’s close. The Hang Seng added 0.67% climbing above 25,000 for the first time since 2008. European markets are higher today as they track the direction of global markets and benefit from positive earnings. Currently, the DAX is up 1.06% while London’s FTSE 100 is up 0.53% and France’s CAC 40 is up 0.43%.
WTI Crude changed over to the October contract. The price is rising ahead of today’s inventory report from the API which is expected to show a negative result. The report will be released at 8.30pm GMT. Gold declined as tension in Ukraine improved with progress reported from talks. Traders may be cautious ahead of tomorrow’s Meeting Minutes as the current expectation is that they will be bullish for the Dollar. Any changes in geopolitical events could cause a spike in the safe haven asset and so as always traders should remain up to date.
Today’s Main Events:
08.30 GMT: GBP – CPI – measures the change in the price of goods and services from the perspective of the consumer
12.30 GMT: USD – Building Permits – measures the change in the number of new building permits issued by the government.
12.30 GMT: USD – Core CPI – measures the changes in the price of goods and services, excluding food and energy.
12.30 GMT: USD – Housing Starts – measures the change in the number of new constructions underway
23.30 GMT: AUD – RBA Governor Stevens Speaks – Due to testify before the House of Representatives’ Standing Committee on Economics, in Brisbane
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