February 12 , 2014 - Daily Market News
Today's Hot Assets : EUR, GBP
Janet Yellen as President of the Federal Reserve testified for the first time yesterday . Many Americans remain unemployed and inflation is still below the long -term aim , that is to purchase a preset course , said . During the press conference after the current economic situation it is very unusual and the rule-based policy has become difficult , said . Significant changes in the estimates of what the Fed is right to reassess and conclude that you can choose to prevent falling . U.S. stocks rise after release . U.S. member of the S & P 500 gained 1.11 % and 1.22 % , the Dow Jones had gained . Asian stocks rose and the Chinese Trade Balance beat expectations, the highest growth was seen . They finished broadly higher , Japan's Nikkei 225 added 0.56 % , while the Hang Seng 1.47 % and China 's Shanghai Composite added 0.30 % added . European markets also opened higher . Traders 10.00am ( GMT ) and the Bank of England at 10.30am ( GMT ) on the inflation report should focus on the European industrial production .
Reduction in API crude and gasoline stockpiles showed the WTI crude extended its benefits . The cold snap has continued to boost demand in the United States and it is even more price pressure . The Energy Information Administration AM to 3.30 PM ( GMT) from the U.S. will report inventory levels . Gold slightly before falling to 3 -month high reached yesterday . Yellen 's comments accommodative monetary policy will have to leave the U.S. dollar pushed gold . So now we can see one of the more physically demanding due to the high price is low .
Today's main events :
10.00 GMT : EUR - Industrial production - to manufacturers , mines , and utilities inflation-adjusted value of output produced by
10.30 GMT : GBP - Boe Gov Carney speaks - short -term interest rates to control the BOE 's Monetary Policy Committee (MPC) as head of , any person other than Carney has more impact on the value of sterling .
10.30 GMT : GBP - Boe Inflation Report - Bank of England (BOE) Inflation Report the Bank's Monetary Policy Committee bases its interest rate decisions , and presents an assessment of the prospects for inflation over the UK on a detailed economic analysis and inflation projections , which sets the following two years
13.45 GMT : USD - FOMC Member Bullard speaks - and FOMC voting member of the Federal Reserve Bank of St. Louis President James Bullard to speak . FOMC members of the benchmark interest rates and monetary policy in his speech closely for indications on the future possible direction is seen to be responsible for
15.30 GMT : EUR - ECB president Draghi speaks - the conference organized by the European Central Bank and the National Bank of Belgium " progress through the crisis " due to speak at the European Monetary Institute , in Brussels
