U.S. stocks finished slightly higher as investors favoured positive economic data and deal news over geopolitical tension in Iraq. Industrial production increased in the U.S. by 0.6% during the past month. At session close, the S&P 500 was 0.08% higher at 1,937.78 and the Dow Jones was 0.03% higher at 16,781.01. Asian stocks finished mixed after announcements made by the Japanese Prime Minister, Abe. After a planned cut to the corporate tax and other reforms, the Nikkei closed 0.29% higher. The Hang Seng, however, declined 0.42% following an unexpected decline in foreign investment. European markets started the day higher ahead of German ZEW Confidence data which is predicted to show that German investor confidence improved during the month of June. Currently, the DAX is up 0.74% while France’s CAC 40 is up 0.54% and London’s FTSE 100 is up 0.22%
WTI Crude reached a nine month high following the tension in Iraq. However, the price is now dropping slightly as investors seem to think the commodity became over-bought. The API will be releasing data at 8.30pm GMT. Gold is dropping from a three week high ahead of the Feds meeting which will begin today. Traders should focus on U.S. data being released later in the day including Core CPI at 12.30 pm GMT.
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
09.00 GMT: EUR – German ZEW Economic Sentiment – gauges the six-month economic outlook.
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
23.50 GMT: JPY – Monetary Policy Meeting Minutes – a detailed record of the Bank of Japan’s policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates.
June 17, 2014 – Daily Market News
Today’s Hot Assets: GBP, EUR, USD, Oil
U.S. stocks finished slightly higher as investors favoured positive economic data and deal news over geopolitical tension in Iraq. Industrial production increased in the U.S. by 0.6% during the past month. At session close, the S&P 500 was 0.08% higher at 1,937.78 and the Dow Jones was 0.03% higher at 16,781.01. Asian stocks finished mixed after announcements made by the Japanese Prime Minister, Abe. After a planned cut to the corporate tax and other reforms, the Nikkei closed 0.29% higher. The Hang Seng, however, declined 0.42% following an unexpected decline in foreign investment. European markets started the day higher ahead of German ZEW Confidence data which is predicted to show that German investor confidence improved during the month of June. Currently, the DAX is up 0.74% while France’s CAC 40 is up 0.54% and London’s FTSE 100 is up 0.22%
WTI Crude reached a nine month high following the tension in Iraq. However, the price is now dropping slightly as investors seem to think the commodity became over-bought. The API will be releasing data at 8.30pm GMT. Gold is dropping from a three week high ahead of the Feds meeting which will begin today. Traders should focus on U.S. data being released later in the day including Core CPI at 12.30 pm GMT.
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
09.00 GMT: EUR – German ZEW Economic Sentiment – gauges the six-month economic outlook.
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
23.50 GMT: JPY – Monetary Policy Meeting Minutes – a detailed record of the Bank of Japan’s policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates.
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