TNS Global Flash – 16 June 2014 +America Digest+ U.S. stocks rose Friday as investors shrugged off concerns about military tensions in Iraq. Macro Update - U.S. producer-price index for May declined 0.2% on the month, missing forecasts for a 0.2% rise. - U.S. consumer sentiment index for June fell to 81.2, less than the forecast. +Europe Digest+ European stocks fell Friday, as an escalation of violence in Iraq sent energy prices soaring, while investors assessed the prospect of a sooner-than-later interest-rate increase in the U.K. Macro update - Germanys inflation dropped 0.1% to the lowest level in four years in May. - Eurozone was estimated a trade surplus of 15.7 billion euros in April, up from a surplus of 14.0 billion euros in the same period last year. +Asia Digest+ Asian markets showed some strength, with Chinas Shanghai Composite rose 0.9% after data showing bank lending surged in May. Japans Nikkei Stock Average climbed 0.8% as BoJs policy. - BoJ maintained its monetary stimulus program and left its key interest rate unchanged in the range of 0-0.1%. Macro Update - Japan’s industrial production rose 3.8% less than the preliminary estimate in April. - Chinas industrial production expanded 8.8% at faster pace in May. +Commodities Digest+ - The Gold spot rose to close at USD 1,277.07 as rising violence in Iraq raised safe haven demand for the bullion. - WTI and Brent crude oil jumped to close at 106.91 and 112.46 as a Sunni insurgency in Iraq jolted the market, fueling fears of reduced oil output from one of the worlds largest crude producers.
Posted on: Mon, 16 Jun 2014 04:26:37 +0000
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