During today’s Asian session, the Asian stock increased as the Bank of Japan released its monetary meeting minutes report where ensured that the BoJ will continue the monetary stimulus unchanged. With positive mood on the stock market, the Japanese stock index Nikkei gain 1% reaching the highest value in almost 15 years! Despite the bullish sentiment in Japan, the Hang Seng Index slightly decrease by 0.2% due to raising worries that the U.S. Fed decision to increase the interest rates would decrease the liquidity on the domestic market.
European session just started and it has been affected by upcoming economic data. At 10.00AM (GMT), the German ZEW Economic Sentiment and EU Financial CPI came out. The CPI met the expectations but the German ZEW Economic sentiment index came out below the expectations. The German DAX slipped so far by 1.30% and might continue. French CAC 40 also is also loosing so far 0.66%. On the other hand, FTSE100 is slightly up (0.14%).
During the upcoming U.S. session we should expect some downwards pressure before tomorrow’s FOMC meeting. In their report is widely expected that they will drop the word “patience” which is considered as a first step before lifting the interest rates. Yesterday, the S&P500 went up 1.35%.
Today’s Main Events:
10.00 GMT: EUR – German ZEW Economic Sentiment – rates the current German business climate and measures expectations for the next six months.
10.00 GMT: EUR– Final CPI – measures the changes in the price of goods and services, excluding food and energy.
12.30 GMT: USD –Building Permits – measures the change in the number of new building permits issued by the government.
12.30 GMT: CAD –Manufacturing Sales – Change in the total value of sales made by manufacturers
March 17, 2015 – Daily Market News
During today’s Asian session, the Asian stock increased as the Bank of Japan released its monetary meeting minutes report where ensured that the BoJ will continue the monetary stimulus unchanged. With positive mood on the stock market, the Japanese stock index Nikkei gain 1% reaching the highest value in almost 15 years! Despite the bullish sentiment in Japan, the Hang Seng Index slightly decrease by 0.2% due to raising worries that the U.S. Fed decision to increase the interest rates would decrease the liquidity on the domestic market.
European session just started and it has been affected by upcoming economic data. At 10.00AM (GMT), the German ZEW Economic Sentiment and EU Financial CPI came out. The CPI met the expectations but the German ZEW Economic sentiment index came out below the expectations. The German DAX slipped so far by 1.30% and might continue. French CAC 40 also is also loosing so far 0.66%. On the other hand, FTSE100 is slightly up (0.14%).
During the upcoming U.S. session we should expect some downwards pressure before tomorrow’s FOMC meeting. In their report is widely expected that they will drop the word “patience” which is considered as a first step before lifting the interest rates. Yesterday, the S&P500 went up 1.35%.
Today’s Main Events:
10.00 GMT: EUR – German ZEW Economic Sentiment – rates the current German business climate and measures expectations for the next six months.
10.00 GMT: EUR– Final CPI – measures the changes in the price of goods and services, excluding food and energy.
12.30 GMT: USD –Building Permits – measures the change in the number of new building permits issued by the government.
12.30 GMT: CAD –Manufacturing Sales – Change in the total value of sales made by manufacturers
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