Markets started the week with a negative incentive from the Chinese yearly industrial report, showing only a 6.6% report vs’ a forecast of 8.8%. This is an 6-year weakest result for the 2nd largest economy in the world. According to economists the strong decrease in industrial production will lead to stock decline as the GDP figure will be corrected as well. This news coming quite surprisingly after Prime Minister Li talked about stable situation. The struggling of the 2nd largest economy had influenced on price of Oil as well where we saw a drop to $90.70/barrel.
USD/RUB currency pair have climbed to a new all time high of 38.1 as geopolitical tension remain high. Late last week the EU approved the 2nd round of sanctions, targeting specific Russian individuals and companies in the attempt to pressure the Russian government.
Today’s Main Events:
12.30 GMT: USD – Empire State Manufacturing Index -rates the relative level of general business conditions New York state
13.15 GMT: USD– Industrial Production – measures change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities
September 15, 2014 – Daily Market News
Markets started the week with a negative incentive from the Chinese yearly industrial report, showing only a 6.6% report vs’ a forecast of 8.8%. This is an 6-year weakest result for the 2nd largest economy in the world. According to economists the strong decrease in industrial production will lead to stock decline as the GDP figure will be corrected as well. This news coming quite surprisingly after Prime Minister Li talked about stable situation. The struggling of the 2nd largest economy had influenced on price of Oil as well where we saw a drop to $90.70/barrel.
USD/RUB currency pair have climbed to a new all time high of 38.1 as geopolitical tension remain high. Late last week the EU approved the 2nd round of sanctions, targeting specific Russian individuals and companies in the attempt to pressure the Russian government.
Today’s Main Events:
12.30 GMT: USD – Empire State Manufacturing Index -rates the relative level of general business conditions New York state
13.15 GMT: USD– Industrial Production – measures change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities
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