March 20, 2014 – Stock Market News

Today’s Hot Asset – Gazprom

Stocks in Asia have closed for the day trading lower during the early session. Investor’s within the region were scared away from regional equities following Janet Yellens policy statement and press conference yesterday. The Federal Reserve Chairwoman announced plans to taper their bond buying program by another $10 billion. This created fear amongst investors this morning and so they decided to invest in regional currencies rather than stocks this morning.

Stocks in Europe traded mixed to higher during a turbulent trading session yesterday. Investors were eyeing the key fundamental data released in the U.S. later in the session and this gradually aided stock values. The day did start with stocks trading lower due to the current situation regarding Russia and Ukraine. However, as the day went on investors found their courage and started to look for riskier assets pushing equity values higher.

Stocks in the U.S. dropped yesterday following Janet Yellens policy statement. Janet Yellens dovish comments and actions were strong enough to help the U.S. dollar strengthen and stock to head in the opposite direction. This was great for binary options traders as it created lots of price reversals.

Today’s hot asset is, Gazprom. Gazprom are one of the worlds biggest oil and gas refiners based in Russia. Due to the current conflict between Russia and Ukraine investors are constantly deliberating whether they would like or like not to invest within Russia. This is creating an extremely volatile market on this asset in particular at the moment and so far today it is already trading down by 0.96%.

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