The Asian session received mixed data today as traders were tracking the BOJ monthly report. The government of Japan described it`s consumer spending as positive, stating that they are in progress to fight deflation. This caused the JPY to rally against USD. As a result stocks dropped causing the Nikkei to drop 0.52%, the Hang Seng added 0.34% and the ASX 200 rose 0.29%
The European session started declining at the start of the day, as the UK unemployment rate unexpectedly rose to 7.2%. The data indicated that the recent improvement in the labor market has lost some of their momentum. However the meeting minutes report stated that they would keep their interest rates low. Which caused stocks to trade mixed during the day. At the end the FTSE 100 and the DAX broke even at 0.0% and the CAC 40 added 0.24%.
During the opening of the US session stocks traded choppy as events such as the Building Permits and Housing Starts release reports came out lower than expected. Traders will be eager to track the FOMC Meeting Minutes report, which will start at 19:00 GMT. Investors are cautious ahead of this meeting as they expect the Fed to recall the bad weather conditions to dismiss the recent bad economic data.
Currently the S&P dropped 0.22%, the Dow declined 0.18% and the Nasdaq is down 0.47% ending an eight consecutive day winning streak.
February 19, 2014 – Indices News
The Asian session received mixed data today as traders were tracking the BOJ monthly report. The government of Japan described it`s consumer spending as positive, stating that they are in progress to fight deflation. This caused the JPY to rally against USD. As a result stocks dropped causing the Nikkei to drop 0.52%, the Hang Seng added 0.34% and the ASX 200 rose 0.29%
The European session started declining at the start of the day, as the UK unemployment rate unexpectedly rose to 7.2%. The data indicated that the recent improvement in the labor market has lost some of their momentum. However the meeting minutes report stated that they would keep their interest rates low. Which caused stocks to trade mixed during the day. At the end the FTSE 100 and the DAX broke even at 0.0% and the CAC 40 added 0.24%.
During the opening of the US session stocks traded choppy as events such as the Building Permits and Housing Starts release reports came out lower than expected. Traders will be eager to track the FOMC Meeting Minutes report, which will start at 19:00 GMT. Investors are cautious ahead of this meeting as they expect the Fed to recall the bad weather conditions to dismiss the recent bad economic data.
Currently the S&P dropped 0.22%, the Dow declined 0.18% and the Nasdaq is down 0.47% ending an eight consecutive day winning streak.
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