New week started and Euro slightly recovered after a strong drop. However according to Bloomberg we can see that 74% of global investors see a risk of deflation in Europe. That might drive the Euro deeper and maybe today break through its support. There will be two speeches of ECB members which might give us some clues about future ECB fiscal policy. Commodities started without higher volatility. The Crude Oil might increase today as the tension in Ukraine escalates. The same movement we might see on Gold where we should keep an eye on $1,295/ounce resistance.
The stock market started new week in mixed mood. Japanese Nikkei slightly decrease by -0.35%, however Hang Sang Index added +1.82%. European stock are mixed as well. FTSE and DAX slightly gaining (0.20%) but CAC loosing -0.17%. Russian stocks despite the political crisis do not suffers much. Gazprom has been bouncing on its one month maximum. Sberbank of Russia is slightly decreasing.
Today’s Main Events:
07.15 GMT: CHF– Retail Sales – measure 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.
18.00 GMT: USD – Federal Budget Balance – measures the difference in value between the federal government’s income and expenditure during the reported month.
May 12, 2014 – Daily Market News
Today’s Hot Assets: USD, Gold
New week started and Euro slightly recovered after a strong drop. However according to Bloomberg we can see that 74% of global investors see a risk of deflation in Europe. That might drive the Euro deeper and maybe today break through its support. There will be two speeches of ECB members which might give us some clues about future ECB fiscal policy. Commodities started without higher volatility. The Crude Oil might increase today as the tension in Ukraine escalates. The same movement we might see on Gold where we should keep an eye on $1,295/ounce resistance.
The stock market started new week in mixed mood. Japanese Nikkei slightly decrease by -0.35%, however Hang Sang Index added +1.82%. European stock are mixed as well. FTSE and DAX slightly gaining (0.20%) but CAC loosing -0.17%. Russian stocks despite the political crisis do not suffers much. Gazprom has been bouncing on its one month maximum. Sberbank of Russia is slightly decreasing.
Today’s Main Events:
07.15 GMT: CHF– Retail Sales – measure 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.
18.00 GMT: USD – Federal Budget Balance – measures the difference in value between the federal government’s income and expenditure during the reported month.
Related Posts: