Due to a public holiday in the US, markets were closed yesterday and stocks remained unchanged. The Dow Jones stood at 16,154.39 and the S&P 500 stood at 1,838.63. During the Asian session the Bank of Japan gave a press conference where they released that their asset purchases will be maintained and lending programs will be boosted in the hope of battling inflation. Following this, the Nikkei gained 3.13% and the Hang Seng gained 0.23%. European stocks opened slightly lower ahead of key data in the day. The ZEW Economic Sentiment for the Eurozone and the German ZEW Economic Sentiment will both be released at 10am (GMT). In early trade European markets were mixed. The CAC 40 gained 0.10%, while the FTSE 100 lost 0.16% and the DAX lost 0.08%.
WTI remains high above $100/barrel amid signs of increased demand and lower supply. The continuous bad weather in the US, the credit growth in China and positive GDP figures from Europe have all led to the increase in demand. As the US market was closed yesterday Gold lost its momentum and dropped slightly. Investors should pay attention to the NY Empire State Manufacturing Index at 1.30pm (GMT) and also to the Meeting Minutes tomorrow at 7pm (GMT).
Today’s Main Events:
09.30 GMT: GBP – CPI – measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
10.00 GMT: EUR – ZEW Economic Sentiment – rates the relative six-month economic outlook for the euro zone.
10.00 GMT: EUR – German ZEW Economic Sentiment – gauges the six-month economic outlook.
13.30 GMT: USD – NY Empire State Manufacturing Index – rates the relative level of general business conditions New York state
February 18, 2014 – Daily Market News
Today’s Hot Assets: GBP, EUR
Due to a public holiday in the US, markets were closed yesterday and stocks remained unchanged. The Dow Jones stood at 16,154.39 and the S&P 500 stood at 1,838.63. During the Asian session the Bank of Japan gave a press conference where they released that their asset purchases will be maintained and lending programs will be boosted in the hope of battling inflation. Following this, the Nikkei gained 3.13% and the Hang Seng gained 0.23%. European stocks opened slightly lower ahead of key data in the day. The ZEW Economic Sentiment for the Eurozone and the German ZEW Economic Sentiment will both be released at 10am (GMT). In early trade European markets were mixed. The CAC 40 gained 0.10%, while the FTSE 100 lost 0.16% and the DAX lost 0.08%.
WTI remains high above $100/barrel amid signs of increased demand and lower supply. The continuous bad weather in the US, the credit growth in China and positive GDP figures from Europe have all led to the increase in demand. As the US market was closed yesterday Gold lost its momentum and dropped slightly. Investors should pay attention to the NY Empire State Manufacturing Index at 1.30pm (GMT) and also to the Meeting Minutes tomorrow at 7pm (GMT).
Today’s Main Events:
09.30 GMT: GBP – CPI – measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
10.00 GMT: EUR – ZEW Economic Sentiment – rates the relative six-month economic outlook for the euro zone.
10.00 GMT: EUR – German ZEW Economic Sentiment – gauges the six-month economic outlook.
13.30 GMT: USD – NY Empire State Manufacturing Index – rates the relative level of general business conditions New York state
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