CFD Markets News and Forecasts — 21-08-2014

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21.08.2014

22:43

Commodities. Daily history for Jule Aug 21'2014:

(raw materials / closing price /% change)

Light Crude 93.90 -0.06%

Gold 1,277.30 +0.15%

22:30

Stocks. Daily history for Jule Aug 21'2014:

(index / closing price / change items /% change)

Nikkei 225 15,586.2 +131.75 +0.85%

Hang Seng 24,994.1 -165.66 -0.66%

Shanghai Composite 2,230.46 -9.75 -0.44%

FTSE 100 6,777.66 +22.18 +0.33%

CAC 40 4,292.93 +52.14 +1.23%

Xetra DAX 9,401.53 +86.96 +0.93%

S&P 500 1,992.37 +5.86 +0.29%

NASDAQ Composite 4,532.1 +5.62 +0.12%

Dow Jones 17,039.49 +60.36 +0.36%

22:22

Currencies. Daily history for Aug 21'2014:

22:00

Schedule for today, Friday, Aug 22’2014:

(time / country / index / period / previous value / forecast)

00:00 U.S. Jackson Hole Symposium

12:30 Canada Retail Sales, m/m June +0.7% +0.6%

12:30 Canada Retail Sales ex Autos, m/m June +0.1% +0.6%

12:30 Canada Consumer Price Index m / m July +0.1% -0.1%

12:30 Canada Consumer price index, y/y July +2.4%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m July -0.1% 0.0%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y July +1.8%

14:00 U.S. Fed Chairman Janet Yellen Speaks

18:30 Eurozone ECB President Mario Draghi Speaks

16:00

European stocks close: stocks closed higher despite flash PMIs from the Eurozone

Stock indices closed higher despite flash PMIs from the Eurozone. Investors speculate that the Fed may hike its interest rate sooner than expected.

Eurozone's preliminary manufacturing purchasing managers' index (PMI) declined to 50.8 in August from 51.8 in July, missing expectations for a fall to 51.4.

Eurozone's preliminary services purchasing managers' index (PMI) fell to 53.5 in August from 54.2 in July, missing expectations for a decline to 53.6.

Germany's preliminary manufacturing purchasing managers' index (PMI) decreased to 52.0 in August from 52.4 in July, beating expectations for a fall to 51.8.

Germanys' preliminary services purchasing managers' index (PMI) fell to 56.4 in August from 56.7 in July, beating expectations for a decline to 55.5.

French preliminary manufacturing purchasing managers' index (PMI) declined to 46.5 in August from 47.8 in July, missing forecasts of a rise to 47.9.

French preliminary services purchasing managers' index (PMI) rose to 51.1 in August from 50.4 in July, beating expectations for a fall to 50.3.

Raiffeisen Bank International AG shares rose 11.0% after reporting the better-than-forecasted second-quarter net income.

Indexes on the close:

Name Price Change Change %

FTSE 100 6,777.66 +22.18 +0.33%

DAX 9,401.53 +86.96 +0.93%

CAC 40 4,292.93 +52.14 +1.23%

15:52

Oil: an overview of the market situation

Crude oil rose as U.S. economic data pointed to stronger growth in the world's biggest oil-consuming nation. Existing home sales rose to a 10-month high, jobless claims slid more than forecast and a manufacturing index surged to the highest since 2010. This data are indicating that U.S. demand is looking strong.

WTI for October delivery rose 0.64% to $94.10 a barrel on the New York Mercantile Exchange.

15:41

Gold: an overview of the market situation

Gold fell to a two-month low on the outlook for higher U.S. interest rates that strengthened the dollar. Many U.S. policy makers raised the possibility they may boost rates sooner than anticipated, minutes of the Federal Reserve's July meeting showed yesterday. Futures traders are seeing more chance of rising interest rates by the middle of next year, reducing gold's allure because the metal only offers investors returns through price gains.

Gold for December delivery fell to $1,277.10 an ounce (-1.23%) on the Comex in New York.

15:37

Foreign exchange market. American session: the U.S. dollar traded lower against the most major currencies after the mostly positive U.S. economic data

The U.S. dollar traded lower against the most major currencies after the mostly positive U.S. economic data. Market participants are awaiting a speech by the Federal Reserve Chair Janet Yellen in Jackson Hole on Friday.

The number of initial jobless claims in the week ending August 16 in the U.S. fell by 14,000 to 298,000 from 312,000 in the previous week. The previous week's figure was revised from 311,000. Analysts had expected number of initial jobless claims to decrease by 13,000 to 299,000.

The U.S. preliminary manufacturing purchasing managers' index (PMI) rose to 58.0 in August from 55.8 in July, beating expectations for a decline to 55.7.

The Federal Reserve Bank of Philadelphia's manufacturing index climbed to 28.0 in August from 23.9 in July, beating expectations for a drop to 20.3.

The existing home sales in the U.S. rose 2.4% to 5.15 million units in July from 5.03 million units in June. June's figure was revised down from 5.04 million units. Analysts had expected a decrease to 5.01 million units in July.

The euro traded higher against the U.S. dollar. Eurozone's preliminary manufacturing purchasing managers' index (PMI) declined to 50.8 in August from 51.8 in July, missing expectations for a fall to 51.4.

Eurozone's preliminary services purchasing managers' index (PMI) fell to 53.5 in August from 54.2 in July, missing expectations for a decline to 53.6.

Germany's preliminary manufacturing purchasing managers' index (PMI) decreased to 52.0 in August from 52.4 in July, beating expectations for a fall to 51.8.

Germanys' preliminary services purchasing managers' index (PMI) fell to 56.4 in August from 56.7 in July, beating expectations for a decline to 55.5.

French preliminary manufacturing purchasing managers' index (PMI) declined to 46.5 in August from 47.8 in July, missing forecasts of a rise to 47.9.

French preliminary services purchasing managers' index (PMI) rose to 51.1 in August from 50.4 in July, beating expectations for a fall to 50.3.

The British pound traded slightly higher against the U.S. UK retail sales increased 0.1% in July, missing expectations for a 0.4% rise, after a 0.2% gain in June. June's figure was revised up from a 0.1% increase.

On a yearly basis, U.K. retail sales climbed 2.6% in July, after a 3.4% rise. June's figure was revised down from a 3.6% gain.

The U.K. public sector net borrowing posted a deficit of £1.1 billion in July, after a surplus of £9.79 billion in June. June's figure was revised from a surplus of £9.51 billion. Analysts had expected a surplus of £10.1 billion.

The Swiss franc traded higher against the U.S. dollar. Switzerland's trade surplus rose to 3.98 billion Swiss francs in July from a surplus 1.41 billion Swiss francs in June, exceeding expectations for an increase to a surplus of 1.91 billion Swiss francs. June's figure was revised up from a surplus of 1.38 billion Swiss francs.

The New Zealand dollar traded lower against the U.S dollar due to the strong U.S. currency and the weaker-than-expected economic data from China and New Zealand, but later recovered its losses.

China's preliminary HSBC manufacturing purchasing managers' index dropped to 50.3 in August from 51.7 in July, missing expectations for a decline to 51.5.

China is New Zealand's second biggest export partner.

Credit card spending in New Zealand rose 4.5% in July, after a 6.0% gain in June. June's figure was revised down from a 7.0% increase.

The Australian dollar traded lower against the U.S. dollar due to the strong U.S. currency and the weaker-than-expected economic data from China, but later recovered its losses.

The Conference Board released its leading index for Australia. The index climbed 0.4% in June, after a 0.2% rise in May.

The Japanese yen traded slightly higher against the U.S. dollar.

Japan's preliminary manufacturing purchasing managers' index rose to 52.4 in August from 50.5 in July, exceeding expectations for an increase to 51.5.

14:29

Federal Open Market Committee's minutes: some members are ready for interest hike

The Federal Reserve released on Wednesday the FOMC' minutes of the meeting held on July 29-30, 2014. Some FOMC members believe that the Fed could tighten its monetary policy sooner than expected due to improvements in labour market conditions and strengthening recovery in U.S. economy.

Most FOMC members want to wait for more information.

Most Fed officials believe that the Fed can wait until 2015 before hiking its interest rate.

At the last meeting, the FOMC reduced its monthly bond purchasing program by $10 billion and kept its interest rate near zero.

The Fed's next move could depend on the economy performs in the second half of 2014. The unemployment rate was 6.2% in July. The U.S. economy expanded at a 4% annual rate in the second quarter after contracting 2.1% in the first quarter.

The Fed also said that inflation had moved closer to its 2% target.