European markets finished mixed yesterday. The DAX remained closed for Christmas Eve and the CAC 40 & FTSE traded for half a day. The CAC 40 lost 0.45% after data showing that the number of people seeking employment rose to a record high. The FTSE 100 closed 0.18% higher led by Smith & Nephew up 7.71%. U.S markets were mixed. The S&P 500 inched down 0.01% but the Dow Jones reached another record close, gaining 0.33% to 18,082.96. Initial Jobless Claims data beat expectations and showed only 280,000 people to sign up for unemployment. The market will remain closed today for Christmas but will open tomorrow as normal. Asian markets were mixed. The Hang Seng remained closed. The Nikkei lost 0.25% as the Yen strengthened against the Dollar following comments from Kuroda. Kuroda, the governor of the bank of Japan, stated that lower oil prices should help the economy and showed confidence that the economy is making moderate progress. The Dollar fell toward ¥120. The Shanghai composite gained 3.36% after the government spoke of supporting machinery exports. Hong Kong will remain closed until Sunday.
WTI Crude dropped after data showing higher supplies. The API and EIA both reported that inventories climbed over the past week pushing the price back down to 55.25. The market is now closed and so there is no movement. It will reopen tomorrow. Gold dropped towards $1,170/ounce as investors sold off their positions and U.S data came out positive; Jobless Claims beat expectations. The price reached a low of 1,172 but as the commodity market is now closed there is no movement.
Today’s Main Events:
23.30 GMT – JPY – Household Spending – measures the change in the inflation-adjusted value of all expenditures by consumers
23.30 GMT: JPY – Tokyo CPI – measures the change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food.
23.50 GMT: JPY – Industrial Production – measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
23.50 GMT: JPY – Retail Sales – the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
December 25, 2014 – Daily Market News
Today’s Hot Asset: JPY
European markets finished mixed yesterday. The DAX remained closed for Christmas Eve and the CAC 40 & FTSE traded for half a day. The CAC 40 lost 0.45% after data showing that the number of people seeking employment rose to a record high. The FTSE 100 closed 0.18% higher led by Smith & Nephew up 7.71%. U.S markets were mixed. The S&P 500 inched down 0.01% but the Dow Jones reached another record close, gaining 0.33% to 18,082.96. Initial Jobless Claims data beat expectations and showed only 280,000 people to sign up for unemployment. The market will remain closed today for Christmas but will open tomorrow as normal. Asian markets were mixed. The Hang Seng remained closed. The Nikkei lost 0.25% as the Yen strengthened against the Dollar following comments from Kuroda. Kuroda, the governor of the bank of Japan, stated that lower oil prices should help the economy and showed confidence that the economy is making moderate progress. The Dollar fell toward ¥120. The Shanghai composite gained 3.36% after the government spoke of supporting machinery exports. Hong Kong will remain closed until Sunday.
WTI Crude dropped after data showing higher supplies. The API and EIA both reported that inventories climbed over the past week pushing the price back down to 55.25. The market is now closed and so there is no movement. It will reopen tomorrow. Gold dropped towards $1,170/ounce as investors sold off their positions and U.S data came out positive; Jobless Claims beat expectations. The price reached a low of 1,172 but as the commodity market is now closed there is no movement.
Today’s Main Events:
23.30 GMT – JPY – Household Spending – measures the change in the inflation-adjusted value of all expenditures by consumers
23.30 GMT: JPY – Tokyo CPI – measures the change in the price of goods and services purchased by consumers in Tokyo, excluding fresh food.
23.50 GMT: JPY – Industrial Production – measures the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
23.50 GMT: JPY – Retail Sales – the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
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