TNS Global Flash – 13 June 2014 +America Digest+ U.S. stocks traded in negative territory following the release of downbeat US retail sales and initial jobless claims data. - U.S. retail sales rose 0.3% at a slower pace in May. - Initial jobless claims in the U.S. rose to 317K unexpectedly in the previous week. +Europe Digest+ European markets ended in the red amid escalating violence in Iraq and following a batch of weak US macroeconomic data. Macro Update - Eurozones industrial production rose 0.8% more than the expected for April. - ECB in its monthly economic report, stated that it is poised to take further steps, to address the risk of a prolonged period of low inflation. +Asia Digest+ In Asian trading Thursday, stock markets fell, as a stronger yen weighed on Japan and poor employment data hampered Australia. - Australia’s unemployment rate remained steady at 5.8% in May. Macro Update - Japan’s machinery orders dropped 9.1% less than expected in April. - Australia’s consumer inflation expectations declined to 4% in June from 4.4% recorded in the previous month. +Commodities Digest+ - The Gold spot rose to close at USD 1,272.90 as rising violence in Iraq raised safe haven demand for the bullion. - WTI and Brent crude oil climbed to close at 106.53 and 112.42 on concerns that supplies could be disrupted after Islamic militants overran a string of northern Iraq cities.
Posted on: Fri, 13 Jun 2014 04:22:50 +0000
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