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 declined 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 momentum. However the meeting minutes report stated that the BoE would keep interest rates low causing stocks to trade mixed during the day. At the session close 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 Building Permits and Housing Starts 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 are unsure whether the Fed will blame recent bad economic data on bad weather or a slow down in the economy. During mid trade the S&P lost 0.22%, the Dow declined 0.18% and the Nasdaq was down 0.47% ending an eight consecutive day winning streak.
February 20, 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 declined 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 momentum. However the meeting minutes report stated that the BoE would keep interest rates low causing stocks to trade mixed during the day. At the session close 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 Building Permits and Housing Starts 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 are unsure whether the Fed will blame recent bad economic data on bad weather or a slow down in the economy. During mid trade the S&P lost 0.22%, the Dow declined 0.18% and the Nasdaq was down 0.47% ending an eight consecutive day winning streak.
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