December 16, 2013 - Daily Market News

Today's Hot News : EUR

The House of Representatives passed a budget deal on Friday . Focus they are $ 85000000000 to reduce the purchase of the property will determine whether or not the meeting is now on the Feds from December 17 to 18 . The market is divided on what to expect , the Fed always said taper is dependent on the economic situation has improved recently, we have seen a series of positive data . U.S. stocks from the S & P 500 was down 0.01 % and the Dow Jones closed with little change by 0.1 % . The yen strengthened against the dollar as Asian stocks HSBC manufacturing PMI fell below expectations after coming out . Hang Seng declined 0.56 % and the Nikkei declined by 1.62% . European stocks opened mixed with but little change .

WTI dropped last week after inventory data . It further speculation that the Fed would begin tapering meeting after reaching a two- week low dropped . Negative manufacturing PMI data signal lower demand for the commodity fell during the Asian session . Feds investors are preparing for the outcome of the meeting, as gold is edging lower . Slightly weaker prices could push the price can encourage some physical demand .

Today's Key Events :

08:30 GMT : USD - German manufacturing PMI - measures the activity level of purchasing managers in the manufacturing sector

13:30 GMT : USD - NY Empire State Manufacturing Index - rates relative level of general business conditions in New York State .

Draghi speaks . That short-term interest rates as head of the ECB , the euro's value than any other person to have more impact .

14:15 GMT : USD - Industrial Production ( MoM ) - measures manufacturers , mines , and utilities output produced by the change in the total inflation-adjusted value .