February 11 , 2014 - Daily Market News
Today's Hot Products : Gold , Dollar , WTI crude oil
Today, the new chairwoman of the Fed , Janet Yellen, the House Financial Services Committee, will speak about the Semiannual Monetary Policy Report . Yellen is expected to bring something new to the market , however , the following categories of information for traders in recent tapering interested to hear any clues about the bank's plans . U.S. stocks rose in anticipation of the event , and companies such as Apple and Tesla after posting modest gains . For trading at the close , S & P 500 was 0.16 % and the Dow Jones 0.05% higher than it was . JPMorgan Chase & Co forecast a rally in Chinese shares after Asian stocks advanced the most since November . Nikkei 1.77% and Hang Seng 1.78% climbed climbed . European stocks opened higher trade has also warned the witness to proceed . During the early trade on Euro Stoxx 50 climbed 0.98 %, France's CAC 40 0.75% , Germany 's Dax 30 0.97% jumped achieve and when .
WTI stockpiles declined to speculate that due to the cold snap in the United States $ 100 / barrel is trading at the top of a 6 -week high . API 9.30 pm ( GMT ) will be revealed later in the day . If dovish Yellen in today's testimony, we can expect the dollar to weaken and products may see more gains . Gold is trading at its highest level of the year . Yellen will be positive for gold , which could slow down the pace of tapering speculation . Other figures in the unemployment rate due to the weakness of the weather and the economy does not provide an accurate view might suggest , is 6.6 % , the lowest since 2008 , was , however , traders should be aware of .
Today 's main event :
15.00 GMT : USD - Fed Chair Yellen evidence - Federal Reserve Chair Jannet Yellen ( February 2014 - February 2018 ) in Washington DC , the economic outlook and recent monetary policy actions before the Joint Economic Committee on the witness . There are two parts to the testimony , the committee then conducts a question and answer session , prepared statements . Questions and answers for the duration of the testimony can see heavy market volatility .
23.30 GMT : AUD - Westpac Consumer Sentiment - Westpac Consumer Sentiment Index measures changes in the level of consumer confidence in economic activity .
23.50 GMT : JPY - Third Industry Activity Index ( mom ) - The third industrial index measures the change in the total value of services purchased by businesses . It is a leading indicator of economic health .
