TNS Global Flash – 24 June 2014 +America Digest+ U.S. stocks closed little changed in a narrowly fluctuating session Monday, as investors tended to stay on the sidelines after both the Dow Jones Industrial Average and the S&P 500 set all-time highs Friday. Macro Update - U.S. existing home sales climbed to 4.39M, a six-month high in May. - U.S. preliminary manufacturing PMI unexpectedly rose to 57.5 in June. +Europe Digest+ European markets ended lower after data showed a second consecutive drop in Eurozone’s manufacturing activity. - Eurozones service and manufacturing sector activity fell more than expected at 52.8 and 51.9 respectively in June. Macro Update - BoE said U.K. businesses demand for loans rose for a second straight quarter, a sign that business investment is picking up. +Asia Digest+ Asian markets ended mixed, amid better than expected result of China and Japan economic indicators. - China’s manufacturing PMI rose to 50.8 more than expected in June. - Japans manufacturing activity expanded to 51.1 in June from 49.9 in the previous month. +Commodities Digest+ - Gold prices traded flat to close at 1,317.75 oscillating between gains and losses following the release of US manufacturing and housing data. Lingering geopolitical tensions in Iraq kept losses in check. - WTI and Brent crude oil declined to close at 106.17 and 114.12 respectively as Iraqs oil production continued to be untouched by ongoing violence in the country.
Posted on: Tue, 24 Jun 2014 04:18:55 +0000
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