TNS Global Flash – 20 June 2014 +America Digest+ Stocks closed mostly higher in quiet trading, with the S&P 500 eking out a second-straight record extending a rally stoked by the Federal Reserves commitment to low rates. Macro Update - U.S. initial jobless claimed to 312K drop more than expected last week. - Philadelphia Fed’s manufacturing index climbed to 8-month high at 17.8 in June. +Europe Digest+ European stock markets moved firmly higher after U.S. Federal Reserve Chairwoman Janet Yellen signaled she was in no hurry to raise interest rates. Macro Update - U.K. retail sales fell 0.5% for the first time in four months in May. - IMF said ECB should consider a large-scale asset-purchase program, if inflation in the euro-zone remains stubbornly low. +Asia Digest+ In Asian trading Thursday, Japanese and Australian stocks saw strong gains, with the Nikkei closing at a four-month high, as investors were reassured by the Federal Reserves commitment to low interest rates. Macro Uodate - China had a current account surplus of USD 7 billion in the first quarter of this year. - South Korea’s producer prices remained flat at 0.3% fall in April. +Commodities Digest+ - The Gold spot traded surged to close at USD 1,318.90, the biggest daily gain in nine months driven by investors who were caught flat-footed by the Federal Reserves outlook for continued low interest rates. - WTI and Brent crude oil jumped to close at 106.05 and 115.06 respectively, a new nine-month high in a seventh straight session of gains after President Barack Obama emphasized he wouldnt send U.S. forces to Iraq.
Posted on: Fri, 20 Jun 2014 05:02:58 +0000
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