DAILY REPORT 18/06/14 Eurozone economic news • European shares up waiting operate decision of the Federal Reserve.
The main European stock indexes trades Wednesday's session higher, awaiting the decision of the U.S. Federal Reserve and the situation in Iraq. In the UK the FTSE 100 operates upwards 0.34% be appraised before the opening on Wall Street. The German DAX seen about 0.25%, gaining 25 points so far in the day. In France, the CAC 40 operates virtually unchanged after half-day operations in the European continent. Euro Stoxx 600 The index that groups the main indices of the region operates slightly higher in today's session, trying to close in green territory for the second consecutive day. The main focus of European investors is on the other side of the Atlantic where the U.S. Federal Reserve will announce the interest rate for the next period. Tomorrow: • In the UK it will release retail sales for May. A contraction of 0.6% is expected. • The Swiss National Bank will your interest rate for the next period. Is expected to remain at 0%.
Economic News Asia • Asia closed mixed territory again. Major Asian stock indexes closed Wednesday's session on mixed terrain, with an eye to the decision of the U.S. Federal Reserve during the afternoon. The Japanese Nikke has appreciated 0.93%, gaining 140 points along the wheel. In China, the Hang Seng Index had a slight decrease (-0.09%), giving up 21 points while the Shanghai Composite lost 0.54% of its value, closing on 2055 points. In Australia the S & P / ASX 200 index fell 0.33%, closing at its lowest level since March 28. Japan Up Japanese stocks outperformed the rest of the continent, closing at its highest level for the past 10 trading days. The yen weakened against the U.S. dollar after it was made known the trade balance, which recorded a fall of 2.7% in exports compared to 2013, falling for the first time in 15 months. Imports meanwhile showed a contraction of 3.6% during the year.
The yen fell to its lowest level in the last week (102.25 per dollar), boosting the country's export sector. Panasonic and Nintendo were valued 3% and 2% respectively. China Japanese stocks closed lower third session of the week, extending Tuesday's losses. In Shanghai index fell to its lowest level in the last week even though the real estate development companies were mixed after they announced that the price of new homes rose 5.6% in May (year year), losing the pace a bit after a 6.7% increase in prices was registered in April.
Tomorrow: • In Japan it will release all industrial activity. A contraction of 4.1% in April (month to month) is expected. • In New Zealand the growth in the first quarter of the year will be announced. An increase of 3.7% (year on year) and 1.1% (room to room) is expected.
Economic and corporate news United States • Investors expect the Fed decision about 2pm ET. During Tuesday's session in the U.S. market the major stock indexes closed higher for a second day. The Dow Jones Industrial has appreciated 0.16%, gaining 27 points during the second round of the week. The S & P 500 had a positive change of 0.22%, closing at 9 points to its highest level in history (1950). The Nasdaq led the move higher, gaining 16 points, or 0.37% of its value with respect to the day on Monday. Federal Reserve The news that inflation rose at the fastest pace in three years that the central bank has work harder and make some speculation that the rise in interest rates will come sooner than expected. The rate of U.S. bonds rose after hearing the record of inflation, the same day that the Federal Reserve began its meeting two days leading up to the issuance of a statement where he will announce the interest rate for the next period and the rate that will have to purchase assets. About half an hour after the central bank issued the statement to the media, Janet Yellen, Chairman of the Reserve, will be present at a press conference to comment on the U.S. economy and to answer questions from reporters.
It is expected that the Federal Reserve announced a further cut by $ 10 billion in asset purchases, emphasizing that sees the country's economy continues to improve at a modest pace. Amazon (AMZN: NASDAQ) It is expected that the company released its 3D cell phone for a media event that was organized for today in the city of Seattle. During the last session the stock has operated up showing some speculation investors compared to today's announcement. Tomorrow: • The Labor Department will report its weekly initial jobless claims. A slight decrease of 317,000 to 314,000 requests are expected.
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