The Euro has remained under pressure as the yesterday’s data about the economic growth showed that the Euro are increased just by 0.2%. That increased the speculation over possible European central bank monetary stimulus and made additional pressure on the single currency which weakened against major peers. With negative data the single currency was not the only one which dropped. The European market fell and e.g. DAX erased 1.5%. The bearish outlook should continue even through today means we should expect the main stock indices to drop.
Yesterday after the European market closed Vivendi SA released its third quarter earning report which showed lower-than-expected results. The stock started the trading today falling to its 5 month low 18.40 where rebounded. Another interesting news is that Deutsche bank is selling its loss-making Cosmopolitan casino for $1.7 billion.
Today’s main events:
12.30 GMT: USD– Building Permits – measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
13.55 GMT: USD – Michigan Consumer Expectations – The Michigan sentiment index includes two major components, a “current conditions” component and an “expectations” component. The current conditions component index is based on the answers to two standard questions and the expectations component index is based on three standard questions
May 16, 2014 – Daily Market News
Hot Asset For Today: USD, WTI
The Euro has remained under pressure as the yesterday’s data about the economic growth showed that the Euro are increased just by 0.2%. That increased the speculation over possible European central bank monetary stimulus and made additional pressure on the single currency which weakened against major peers. With negative data the single currency was not the only one which dropped. The European market fell and e.g. DAX erased 1.5%. The bearish outlook should continue even through today means we should expect the main stock indices to drop.
Yesterday after the European market closed Vivendi SA released its third quarter earning report which showed lower-than-expected results. The stock started the trading today falling to its 5 month low 18.40 where rebounded. Another interesting news is that Deutsche bank is selling its loss-making Cosmopolitan casino for $1.7 billion.
Today’s main events:
12.30 GMT: USD– Building Permits – measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market.
13.55 GMT: USD – Michigan Consumer Expectations – The Michigan sentiment index includes two major components, a “current conditions” component and an “expectations” component. The current conditions component index is based on the answers to two standard questions and the expectations component index is based on three standard questions
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