DAILY REPORT 12/06/14 Eurozone economic news • European stock markets operate slightly higher opening on Wall Street waiting.
The main European stock indexes trade Thursday's session higher, driven by the expectation of a positive start on Wall Street and good data on industrial production in the Euro Zone. The English FTSE 100 up 0.10% opera, gaining 7.48 units before the opening on Wall Street. In Germany the DAX appreciated 0.05%, aiming to reach the 10,000 points new account. The German CAC 40 shows a variation of 0.13% after half-time operations on the European continent. EuroNext The European market operated reported on Thursday morning that the regular start of the main stock of the continent had to be postponed for alleged technological failure. Although it is still unknown which caused problem EuroNext technicians are conducting an investigation to the outbreak of the conflict. Members were unable to send the stock market orders during the first 30 minutes due to inconvenience. It is expected that during the next few hours Euronext to know the real causes of the failure. Uncertainty over Iraq Nervousness in the main European indices returned Thursday after new violence events were reported in Iraq. Groups linked to Al Qaeda's power took two key cities in China such as Mosul and Tikrit.
Tomorrow: • In Germany May inflation will be known. Month expect a contraction of 0.1%.
Economic News Asia • Asia closes lower after comments from the World Bank Major Asian stock indexes closed Thursday's session down by the uncertainties created by the World Bank and the concern of violence in Iraq driven. In Japan the Nikkei depreciated 0.64%, yielding 95 units throughout the day. In China, the Hang Seng Index lost 0.35% of its value compared to Wednesday's close while in Shanghai index fell 0.16%, closing down 3.2 points. The S & P / ASX 200 of Australia also closed lower, yielding 0.46% during the penultimate session this week. Australia The Australian index fell to its lowest level in a week as the Australian dollar retreated after reaching its highest level in the last two months after he had issued the May employment data. The unemployment rate in May was recorded at 5.8%, below expectations of economists who expected an increase from the April figure (from 5.8% to 5.9%), as reported by the Department Statistics Australia. During the last three months of 2014 (March, April and May), the unemployment rate in oceanic country has shown no variation. As for job creation, the Department of Statistics reported that approximately 5,000 jobs were lost during the month. Japan Down Japanese stocks closed again lower, reaching its lowest level in the last week after it was reported that machinery orders fell 9.1% month on month in April. Analysts expected a drop of 11.9%, higher than that reported during the Asian morning.
Tomorrow: • It will release the industrial production of China. Growth of 8.7% YoY expected. • The retail sales data will be announced May. An increase of 12.2% (year to year) is expected.
Economic and corporate news United States • Jobless claims rise more than expected. During Wednesday's session in the U.S. market the major stock indexes closed lower, giving a little ground after reaching record levels for several consecutive days. The Dow Jones Industrial lost 0.60% of its value, yielding 102 units along the wheel. The S & P 500 showed a variation of 0.35%, closing on 1943 points, 8 units of its highest level in history. The Nasdaq also suffered the impact of a sales day, falling 0.14% or 6.06 units.
Petitions Unemployment The Labor Department reported that for the week ended June 7 317,000 new jobless claims were filed, slightly above the consensus of analysts and data from last week. On Wall Street expected 306,000 requests were registered, down from 313 thousand seven days ended May 31. For the third consecutive week the requests have increased after falling to its lowest level since the 2008 crisis in the first days of May. Retail Sales The Census Bureau reported that retail sales rose less May than expected monthly. For the third consecutive month presented a decrease in the growth of this sector in March after the best over the last three years was registered. Analysts expected an increase of 0.05%, slightly above the 0.03% recorded the Census Bureau before the opening on Wall Street.
Tomorrow:
• It will release the Producer Price Index. An increase of 0.1% (every month) is expected. • The University of Michigan will give your confidence report for June. Is expected in 83 units.
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