June 12, 2014 - Daily Market News
Today's Hot Property: EUR, USD, CAD
U.S. stocks retreated from a record level that they are finally cutting global growth forecast due to the winter cold and Ukraine following the conflict, the World Bank report. The World Bank lowered its forecast to 2.8% from 3.2% earlier in Russia, China and the United States, citing a weaker outlook for the calculation of the S & P 500 lost 0.35% to close 1,943.89 and the Dow Jones lost 0.6%, closing at 16,843.88. Asian stocks also declined today. The Nikkei lost 0.64% as Dollar remained low against the yen to trade around ¥ 102. Bank of Japan monetary policy meeting today in 2 days but few analysts expect a new action must be entered at this point. Hang Seng down 0.35%, due in the fall, and be careful of the shares into the market on Friday as they were before the release of China's Retail Sales. European stocks are higher today. Focus is on U.S. data later in the day at 12:30 GMT with the retail sales. Today, the CAC 40 was up 0.13%, London's FTSE 100 was up 0.11% and Germany's DAX was up 0.08%.
WTI crude oil prices today are soaring commodity currently trading above $ 105/barrel. This comes as violence in Iraq escalates the fight between the government and the militants. The militants have taken control of the northern city of oil. EIA also reported a greater than expected decline in inventories, which added support to the bullish movement yesterday. U.S. gold rose as investors sold off the stock. Gold traders are now coming out of the U.S. data should be seen more in the direction of the market.
Today's main event:
08.00 GMT: EUR - ECB Monthly Report - European Central Bank (ECB) monthly report contains statistical data that policymakers evaluate when setting interest rates together.
09.00 GMT: EUR - Industrial Production - the inflation-adjusted value of output of manufacturers, mines, and utilities to change the dimensions.
12.30 GMT: USD - Core Retail Sales - the total change in the value of sales at the retail level in the United States, excluding automobiles measures
15.15 GMT: CAD - Gov. Polo Speaks - Due talking about Financial System Review, Ottawa
22.00 GMT: GBP - BOE Gov Carney Speaks - Due to the Annual Dinner at Mansion House in London
