5 Important Things Coming to New York Session. Factors Fueling U.S. stocks and CFD, Wednesday 30 January :
Update : 5 important things
Update : 5 important things
- FOMC Meeting: Meeting of the Fed's monetary policy this time no change is expected, and gave no further update economic projections, economic data are not much has changed since the meeting last December. While employment growth is slowing and the unemployment rate rose slightly at the end of last year, with retail sales rebound and the manufacturing and service sector activity expanded. Despite the apparent slight recovery, but with the slowdown in employment growth and consumer confidence in the U.S. is slowing, the Fed is unlikely to get rid of the stimulus. So it can expectation QE stimulus will be continued by Bernanke.
- Boeing: Focus will be on Boeing CFD stocks when released earnings before Wall Street opened the session. Investors will also be asked CEO Jim McNerney associated costs required to repair the affected 787 Dreamliner flight ban by the regulator to complete the safety investigation. Boeing stock has fallen 2% since the beginning of 2013 so far.
- Facebook: Attention will also be focused on earnings reports Facebook, which is expected to show an increase in revenue from mobile advertising accounts for about 14% of overall revenue Facebook.
- RIM: Shares of Blackberry manufacturer, RIM also helped attract the attention of market participants ahead of the launch of the Blackberry 10 highly anticipated by investors. RIM has plunged 3% yesterday after rising since the beginning of this year. The investors will pay attention to the statement CEO Thorsten Heins related smartphone unit sales date. Market participants expect these devices to consumers has been the slowest in the second week of February, when the sale was again delayed until late February or early March, the possibility could trigger sell off on the stock rim.
- Economic Data: Economic data such as GDP report awaited expected to grow only 0.8% in Q4 largely due to the slowdown in exports. This figure is also the weakest GDP growth since early 2011. Market players are still pessimistic about the rate of GDP during the year 2013 due to higher taxes and more government spending cuts.
Pound Nervous Ahead of the UK Manufacturing Data Friday
Pound gave up against the euro, touching the lowest level in more than a year, before reports this week that economists predicted will show growth in the UK manufacturing sector slowed in January. "There seems little consolidation but sterling will come back down," said Jeremy Stretch, head of strategic foreign currencies Canadian Imperial Bank of Commerce in London. "There a risk continued downturn if disappointing manufacturing data this week."
European markets Was-Was Ahead of FOMC Decision
European stocks were mixed on trading moves Wednesday as investors awaited the U.S. Federal Reserve's policy announcement. Release some earnings in Europe were less than brilliant is not enough to lift market sentiment. German DAX and French CAC40 slipped into the red zone, with both lost about 0.1% so far. While the UK's FTSE was still able to hold in positive territory although only recorded a slight increase of 0.05%. The focus of the entire market on Wednesday focused on U.S. monetary policy announcement from the Federal Open Market Committee (FOMC). Investors will try to find any more clues on the expiration of QE3. Fed is also expected to keep interest rates unchanged.
In addition, investors are also awaiting U.S. GDP projections start the 4th quarter, which will be released at 20.30 pm. U.S. GDP data released earlier in December showed an annual growth of 3.1% in the 3rd quarter of 2012. While the euro zone data released some time ago showed Spain's economy contracted more strongly than expected, down 1.8% in the 4th quarter of last year. In Italy, the government bond auction failed to suppress the 10-year bond yield fell to its lowest level since October 2010.
ECB Nowotny: Euro Movement Still Normal
The exchange rate of the euro against the U.S. dollar is currently "still in the normal range, long-term," said a member of the board of governors the European Central Bank, Ewald Nowotny, on the sidelines of an event at the Austrian Ministry of Finance. For the first time since the end of 2011 Euro area managed to climb back above $ 1.35 in trading Wednesday. Nowotny found appreciation of the single currency is more driven by the improving economic outlook and the ECB's policy success in bringing stability to the economy. Improvement in sentiment in financial markets also reflects the trend will contribute to improvement in the real economy. These developments also make it possible for the Austrian government to slightly revise the national GDP growth prospects, Nowotny added. "It is still too early to say for sure," said Austria's central bank governor.
Oil Still Perched High Level 4 Short Months
Oil traded near the highest level in 4 months ahead of the Federal Reserve's policy statement may be signaling that the U.S. central bank will take additional steps to stimulate the economy. Federal Open Market Committee will again renew its commitment fatherly purchase the asset at 2 daily meeting which began yesterday, according to economists' estimates. U.S. crude oil supplies increased by 4.2 million barrels last week, according to data from the American Petroleum Institute yesterday. Energy Information Administration will release its oil supplies today. "We expect an announcement from the Fed's status quo and the recognition that the outlook has improved slightly," said Guy Wolf, strategic commodities broker Marex Spectron Group Ltd.. in London. "It's clear the U.S. economic strong, but the numbers do not work good enough to make the Fed's stimulus in the near future."
Pound gave up against the euro, touching the lowest level in more than a year, before reports this week that economists predicted will show growth in the UK manufacturing sector slowed in January. "There seems little consolidation but sterling will come back down," said Jeremy Stretch, head of strategic foreign currencies Canadian Imperial Bank of Commerce in London. "There a risk continued downturn if disappointing manufacturing data this week."
European markets Was-Was Ahead of FOMC Decision
European stocks were mixed on trading moves Wednesday as investors awaited the U.S. Federal Reserve's policy announcement. Release some earnings in Europe were less than brilliant is not enough to lift market sentiment. German DAX and French CAC40 slipped into the red zone, with both lost about 0.1% so far. While the UK's FTSE was still able to hold in positive territory although only recorded a slight increase of 0.05%. The focus of the entire market on Wednesday focused on U.S. monetary policy announcement from the Federal Open Market Committee (FOMC). Investors will try to find any more clues on the expiration of QE3. Fed is also expected to keep interest rates unchanged.
In addition, investors are also awaiting U.S. GDP projections start the 4th quarter, which will be released at 20.30 pm. U.S. GDP data released earlier in December showed an annual growth of 3.1% in the 3rd quarter of 2012. While the euro zone data released some time ago showed Spain's economy contracted more strongly than expected, down 1.8% in the 4th quarter of last year. In Italy, the government bond auction failed to suppress the 10-year bond yield fell to its lowest level since October 2010.
ECB Nowotny: Euro Movement Still Normal
The exchange rate of the euro against the U.S. dollar is currently "still in the normal range, long-term," said a member of the board of governors the European Central Bank, Ewald Nowotny, on the sidelines of an event at the Austrian Ministry of Finance. For the first time since the end of 2011 Euro area managed to climb back above $ 1.35 in trading Wednesday. Nowotny found appreciation of the single currency is more driven by the improving economic outlook and the ECB's policy success in bringing stability to the economy. Improvement in sentiment in financial markets also reflects the trend will contribute to improvement in the real economy. These developments also make it possible for the Austrian government to slightly revise the national GDP growth prospects, Nowotny added. "It is still too early to say for sure," said Austria's central bank governor.
Oil Still Perched High Level 4 Short Months
Oil traded near the highest level in 4 months ahead of the Federal Reserve's policy statement may be signaling that the U.S. central bank will take additional steps to stimulate the economy. Federal Open Market Committee will again renew its commitment fatherly purchase the asset at 2 daily meeting which began yesterday, according to economists' estimates. U.S. crude oil supplies increased by 4.2 million barrels last week, according to data from the American Petroleum Institute yesterday. Energy Information Administration will release its oil supplies today. "We expect an announcement from the Fed's status quo and the recognition that the outlook has improved slightly," said Guy Wolf, strategic commodities broker Marex Spectron Group Ltd.. in London. "It's clear the U.S. economic strong, but the numbers do not work good enough to make the Fed's stimulus in the near future."
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