TNS Global Flash – 23 June 2014 +America Digest+ U.S. stocks traded higher, with a relatively light US economic macro calendar today traders will continue to mull over the latest dovish policy announcement from the US Federal Reserve (Fed). Macro Update - No U.S. major economic indicators released last Friday. +Europe Digest+ European stock markets erased earlier gains in the afternoon on Friday and closed mostly lower after euro-zone consumer confidence unexpectedly weakened in June. - Eurozone’s ‘flash’ consumer confidence index fell to seven more-than expected in June. Macro Update - Germany’s producer price index showed a third consecutive fall 0.2% in May. - Eurozones current account surplus widened to 21.5B, a better than expected in April. +Asia Digest+ Asian markets ended mostly lower amid lingering concerns about violence in Iraq. Macro Update - Japan maintained its overall assessment of the economy in June and upgraded its view on private consumption. - Hong Kongs overall GDP climbed 2.5% in real terms in the first quarter of 2014. +Commodities Digest+ - Gold prices rose to within striking distance of a ten-week high as some investors breathed easier after the Federal Reserve stuck to a dovish monetary policy while others bought the precious metal amid worries about Iraq, but it closed in the negative territory at 1,315.05. - Brent crude oil dropped to close at 114.81 as tensions in Iraq escalated and the US president, Barack Obama, revealed plans of sending US special-operations forces to Iraq.
Posted on: Mon, 23 Jun 2014 04:37:52 +0000
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