ArgusFX – Markets Headlines, Fundamental Analysis, Wednesday, December 10, 2014 Investors opened the bear hunting season - News - Greek Prime Minister Antonis Samaras gambled his political future on bringing forward a parliamentary vote on a new head of state. Samaras nominated Stavros Dimas, a 73-year-old former European Union commissioner. - Capital Markets - Greek stocks tumbled the most since 1987, indicating signs of crisis as led the Euromarkets down while equities in China plunged the most since 2009 yesterday after the government tightened collateral rules for short-term loans. - Indexes - Five of 10 major industries in the S&P 500 fell as a rally among energy and technology shares amid concern over China and Greece that sparked a global equities sell off. - Gold - Futures jumped to a six-week high as declines in equity markets revived demand for the metal as a haven. - Petrol/Oil - Futures climbed from five-year lows as the dollar dropped from the strongest level in two years versus the euro. - EUR/USD - The currencies have both tumbled more than 9 percent versus the greenback this year as the European Central Bank and Bank of Japan unveiled unprecedented programs of stimulus to boost growth in their struggling economies. - Stock Market - Big U.S. banks face capital surcharges of as much as 4.5 percent as the Federal Reserve readies new capital rules that single out firms reliant on short-term market funding as posing the greatest systemic risk. Economic News: UK: - GBP - Trade Balance, Wednesday 11:30 - Difference in value between imported and exported goods during the reported month. Strategists expect trade deficit to shrink to / -9.5B/ USA: - USD - Crude Oil Inventories, Wednesday 17:30 - EIA releases the number of barrels of crude oil held in inventory by commercial firms. Estimate by analysis / -2.6M/ - USD - 10-y Bond Auction, Wednesday 20:01 - The yield on the notes represents the return an investor will receive by holding the bond until maturity. - USD - Federal Budget Balance, Wednesday 21:00 - Monthly Treasury Statement. A negative number indicates a budget deficit. Expected estimate is decrease to / -68.3B
Posted on: Wed, 10 Dec 2014 06:02:20 +0000
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