TNS Global Flash – 14 July 2014 +America Digest+ U.S. stocks traded mostly in the green despite some disappointing corporate earnings results. Macro Update - Kansas Feds George warned that strong inflation could weigh on the nation’s economic growth and should consider an interest rate hike this year. - U.S. initial jobless claims declined unexpectedly to 304K in the previous week. - U.S. wholesale inventories rose 0.5% less than expected in May. +Europe Digest+ European stock markets broke a five-day losing streak on Friday, with banks bouncing back after an ugly selloff spurred by troubles at the Portuguese Espirito Santo conglomerate. Macro Update - BOE left the U.K.s benchmark interest rate unchanged at 0.5%. - U.K. goods trade deficit widened to 9.2B bigger than expected in May. - The industrial output in France and Italy posted an unexpected declined of 1.7% and 1.2% respectively in May. +Asia Digest+ Asian markets ended mostly in negative territory tracking overnight losses on Wall Street. Macro Update - China’s trade surplus narrowed unexpectedly to USD 31.6B in June. - Australia’s unemployment rate rose to 6% in June from a revised rate of 5.9% in the previous month. +Commodities Digest+ - Gold prices traded flat to close at 1,337.83 oscillating between gains and losses. - WTI and Brent crude oil dropped to close at 100.83 and 106.66 after the International Energy Agency (IEA) lowered its projections for 2014 global oil demand due to weaker than expected global economic growth. For full report, please contact TNS Global Trading. TNS Global Trading Connecting the World Email: [email protected] Tel: 02-217-8780-1
Posted on: Mon, 14 Jul 2014 04:33:22 +0000
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