U.S. stocks finished with little change as investors took a break after 6 days of gains which lifted indices to record levels. The S&P 500 closed 0.01% lower at 1,962.61 and the Dow Jones closed 0.06% lower at 16,937.26. Asian stocks gained across the region as markets still reacted to the HSBC Manufacturing PMI. The Hang Seng added 0.33% as the outlook for China brightens and the Nikkei added 0.5%in cautious trade ahead of Prime Minister Abe’s economic reforms. European markets are mixed today after worse than expected data from Germany. The lfo Business Climate Index came out at 109.7, lower than the forecast of 110.2. Currently, the CAC 40 is up 0.09% while the DAX gains 0.02%. The FTSE 100 is off 0.18%.
WTI Crude declined due to speculation that supply will not be disrupted. The API Will release inventory data today at 8.30pm GMT. The expectation is to see that U.S. crude supplies shrank during the past week and therefore we can now see the price climbing. Gold prices continue to climb as investors weigh the tension in Iraq. The metal is also benefitting from comments by the Federal Reserve that they will keep interest rates low into next year.
Today’s Main Events:
14.00 GMT: USD – CB Consumer Confidence – measures the level of consumer confidence in economic activity.
14.00 GMT USD – New Home Sales – measures the annualized number of new single-family homes that were sold during the previous month.
June 24, 2014 – Daily Market News
Today’s Hot Asset: USD
U.S. stocks finished with little change as investors took a break after 6 days of gains which lifted indices to record levels. The S&P 500 closed 0.01% lower at 1,962.61 and the Dow Jones closed 0.06% lower at 16,937.26. Asian stocks gained across the region as markets still reacted to the HSBC Manufacturing PMI. The Hang Seng added 0.33% as the outlook for China brightens and the Nikkei added 0.5%in cautious trade ahead of Prime Minister Abe’s economic reforms. European markets are mixed today after worse than expected data from Germany. The lfo Business Climate Index came out at 109.7, lower than the forecast of 110.2. Currently, the CAC 40 is up 0.09% while the DAX gains 0.02%. The FTSE 100 is off 0.18%.
WTI Crude declined due to speculation that supply will not be disrupted. The API Will release inventory data today at 8.30pm GMT. The expectation is to see that U.S. crude supplies shrank during the past week and therefore we can now see the price climbing. Gold prices continue to climb as investors weigh the tension in Iraq. The metal is also benefitting from comments by the Federal Reserve that they will keep interest rates low into next year.
Today’s Main Events:
14.00 GMT: USD – CB Consumer Confidence – measures the level of consumer confidence in economic activity.
14.00 GMT USD – New Home Sales – measures the annualized number of new single-family homes that were sold during the previous month.
Related Posts: