TNS Global Flash – 18 June 2014 +America Digest+ U.S. stocks finished with small gains in quiet trading as investors awaited a policy statement from the Federal Reserve due Wednesday. Macro update - U.S. consumer prices rose 0.4% more than expected in May. - U.S. housing starts and building permits declined to about 1M more than expected in May. +Europe Digest+ European stock markets ended a choppy session in positive territory on Tuesday as investors shrugged off escalating violence in Iraq and disappointing U.S. data on inflation. Macro Update - Germanys investor confidence unexpectedly declined to 29.8 in June. - Annual inflation in the U.K. slowed in May to its lowest rate in almost five years at 1.5%. +Asia Digest+ In Asian trading Tuesday, Shanghai led the region mostly lower, while Australia was weighed by further falls in mining stocks. Macro Update - RBA minutes indicated that the current accommodative monetary policy is likely to remain in place in the foreseeable future. - New motor vehicle sales in Australia declined 2% in May compared to 1.8% in the previous month. - China’s foreign direct investment dropped unexpectedly by 6.7 percent in May. +Commodities Digest+ - The Gold spot traded flat to close at USD 1,271.50 ahead of the US Federal Reserve’s two-day policy meeting. - Brent crude oil jumped to close at 113.45 amid reports that the US is considering air strikes in Iraq following worsening security situation in the region
Posted on: Wed, 18 Jun 2014 04:23:31 +0000
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