CFD Markets News and Forecasts — 17-02-2014

Nikkei 14,393.11 +80.08 +0.56%

Hang Seng 22,535.94 +237.53 +1.07%

S&P/ASX 5,382.89 +26.64 +0.50%    

Shanghai Composite 2,135.41 +19.57 +0.92

S&P 1,838.63 +8.80 +0.48%

NASDAQ 4,244.03 +3.35 +0.08%

Dow 16,154.39 +126.80 +0.79%

FTSE 6,736 +72.38 +1.09%

CAC 4,335.17 -4.97 -0.11%

(pare/closed(GMT +2)/change, %)

EUR/USD $1,3706 +0,06%

GBP/USD $1,6712 -0,20%

USD/CHF Chf0,8910 -0,08%

USD/JPY Y 101,91 +0,12%

EUR/JPY Y 139,34 -0,07%

GBP/JPY Y 170,31 -0,08%

AUD/USD $ 0,9031 -0,03%

NZD/USD $ 0,8366 -0,04%

USD/CAD C$1,0963 -0,16%

00:30 Australia RBA Meeting's Minutes                 

03:00 Japan BoJ Interest Rate Decision 0.10% 0.10%     

03:00 Japan Bank of Japan Monetary Base Target     270 270     

03:00 Japan BoJ Monetary Policy Statement                 

07:30 Japan BOJ Press Conference                 

09:00 Eurozone Current account, adjusted, bln December 23.5 19.8     

09:00 Eurozone ECOFIN Meetings                 

09:30 United Kingdom Retail Price Index, m/m January +0.5% -0.5%     

09:30 United Kingdom Retail prices, Y/Y     January +2.7% +2.7%     

09:30 United Kingdom RPI-X, Y/Y January +2.8%         

09:30 United Kingdom Producer Price Index - Output (MoM) January 0.0% +0.2%     

09:30 United Kingdom Producer Price Index - Output (YoY) January +1.0% +0.8%     

09:30 United Kingdom Producer Price Index - Input (MoM) January +0.1% -0.4%     

09:30 United Kingdom Producer Price Index - Input (YoY) January -1.2% -2.9%     

09:30 United Kingdom HICP, m/m January +0.4% -0.6%     

09:30 United Kingdom HICP, Y/Y January +2.0% +2.0%     

09:30 United Kingdom HICP ex EFAT, Y/Y January     +1.7% +1.9%     

10:00 Eurozone ZEW Economic Sentiment February 73.3 73.9     

10:00 Germany ZEW Survey - Economic Sentiment February     61.7 61.3     

13:30 Canada Foreign Securities Purchases December 8.66 9.97     

13:30 U.S. NY Fed Empire State manufacturing index February 12.51 9.9     

14:00 U.S. Net Long-term TIC Flows December -29.3 -24.7     

14:00 U.S. Total Net TIC Flows December -16.6         

15:00 U.S. NAHB Housing Market Index February 56 56     

European stocks climbed after posting their biggest weekly gain this year, as telecommunications and mining companies advanced.

The Stoxx Europe 600 Index rose 0.4 percent to 334.50 at 4:33 p.m. in London. The gauge advanced 2.5 percent last week after the Federal Reserve said its stimulus policy will remain responsive to economic data and as companies from Renault SA to ThyssenKrupp AG reported profit that beat analysts’ projections.

National benchmark indexes advanced in 12 of the 18 western-European markets today. France’s CAC 40 slipped 0.2 percent and Germany’s DAX was little changed, falling less than 0.1 percent. The U.K.’s FTSE 100 rallied 1 percent.

SGL Carbon jumped 13 percent to 30.66 euros. German newspaper Handelsblatt reported that SGL Carbon and BMW, which owns a 15.7 percent stake in the company, are investing more than 100 million euros ($137 million) to double carbon-fiber production to 6,000 tons a year.

BMW slipped 1.3 percent to 84.85 euros.

MorphoSys added 1.5 percent to 64.43 euros. The German biotechnology company said it received a milestone payment from Novartis for its application to start the first phase of human testing for an anti-inflammatory treatment.

Luxottica Group SpA climbed 1.6 percent to 39.48 euros. Chief Executive Officer Andrea Guerra said he won’t join the new Italian government and will remain at his job at the world’s largest maker of eyeglasses.

West Texas Intermediate crude rose for the first time in three days as signs of an improving U.S. economy and record new credit in China bolstered the demand outlook for the world’s two biggest oil consumers.

Futures climbed as much as 0.8 percent in New York, extending a fifth weekly gain. China’s aggregate financing, the broadest measure of credit, reached 2.58 trillion yuan ($425 billion) in January, the People’s Bank of China said in a statement on Feb. 15, signaling momentum to sustain growth. The Thomson Reuters/University of Michigan preliminary index of consumer confidence held at 81.2 this month, topping the median estimate of 80.2 in a Bloomberg News survey of economists.

WTI for March delivery increased as much as 83 cents to $101.13 a barrel in electronic trading on the New York Mercantile Exchange, and was at $100.83 at 9:57 a.m. in New York. The contract slid 5 cents to $100.30 on Feb. 14. The volume of all futures traded was about 68 percent below the 100-day average. Prices have advanced 2.4 percent this year.

Floor trading is closed today for the U.S. Presidents Day holiday. Electronic transactions will be booked tomorrow.

Brent for April settlement slipped 4 cents to $109.04 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $8.51 to WTI on ICE, compared with $8.95 on Feb. 14.

Gold prices rose to a peak of 3.5 months on a weaker dollar and concerns over U.S. economic growth .

Gold as a low-risk assets become more attractive to investors this year due to weak U.S. economic indicators and China and problems in developing countries .

Following the weak employment report and the number of applications for unemployment benefits in the U.S. on Friday reported the strongest reduction of 4.5 years of industrial production in January .

Stocks of the world's largest gold exchange-traded fund secured SPDR Gold Trust on Friday fell by 5.1 tonnes to 801.25 tonnes but remain fairly stable compared to a reduction of 500 tons last year .

Margins on gold in India , the second- largest in the world for the consumption of the precious metal after China on Friday fell 17 percent to four-month low because buyers expect to reduce import duty soon. Margins on gold 99.99 fine on the Shanghai Gold Exchange on Monday rose to $ 7 per ounce to the spot price in London at $ 5.50 on Friday .

The cost of the April gold futures on the COMEX today rose to $ 1329.90 per ounce for ounce.

09:00 Eurozone Eurogroup Meetings

The British pound retreated from four-year highs against the dollar reached on housing data . Housing prices in Britain have risen markedly in February , registering with the largest increase in the last seven years . This was stated in the data, which were released on site estate Rightmove.

According to the report , average house prices across England and Wales increased in February to £ 251,964 , which was 6.9 percent higher than the same period last year , as demand from potential buyers continued to strengthen . Add that last jump was the highest ( in annual terms ) since November 2007.

In addition, it was reported that prices in London rose by 11.2 per cent per annum, in connection with which the average price was at around £ 541,313 . In the north- east cost of housing has risen by only 0.1 per cent , against which the average price was £ 142,372 . In Wales , house prices rose by 2.3 percent year on year , reaching £ 165,055 on average.

After several years of uncertainty , more people are thinking about moving . Over the past four weeks , the number of new homes that were for sale on the website , averaged 27,768 units , an increase of 18 percent compared with the same period last year.

Growing supply increases demand from buyers , which indicates that the number of homes sold in 2014 may be more than last year, according to Rightmove.

Japanese Yen lost scored during the Asian session positions against the dollar after data on GDP and industrial production. According to the report submitted by the Cabinet Office in Tokyo, annualized gross domestic product grew by only 1 % compared to the previous quarter . Thus, the figure fell short of the most pessimistic estimates of economists in 1.1% , while the average forecast assumes a 2.8% increase . The economic slowdown in Japan emphasizes the risks to recovery, especially before the rise of the sales tax in April to 8% from 5% . " Inevitably, the fact that the economy has weakened in the period from April to June because of the negative reaction to the demand," - said Yoshimasa Maruyama , chief economist at the Institute for Economic Research Itochu. Despite the fact that capital spending rose by the maximum value for two years, and consumption growth rose, external demand is still negatively affected GDP data . In January-March GDP growth is likely to accelerate, but some economists careful because higher wages can not support the costs after raising taxes. Relatively weak exports could also have a negative impact on growth.

The volume of industrial production in Japan grew weaker pace in December than previously assumed . This was stated in the final data , which were presented today by the Ministry of Economy, Trade and Industry. According to the report , industrial production grew by 7.1 percent in December compared with the same month last year, which was slightly less than the increase of 7.3 percent , which was reported on January 30. However, growth in December was significantly higher than in November - at the level of 4.8 percent. Seasonally adjusted industrial production rose by 0.9 percent compared with the previous month . Recall that in November industrial output fell by 0.1 percent. Preliminary data reported growth in December by 1.1 percent.

EUR / USD: during the European session, the pair fell to $ 1.3693

GBP / USD: during the European session, the pair fell to $ 1.6720

USD / JPY: during the European session, the pair rose to Y101.98

At 15:00 GMT the United States will make the Fed chief Janet Yellen .

European stocks advanced after posting their biggest weekly gain this year. U.S. stock-index futures and Asian shares rose.

The Stoxx Europe 600 Index rose 0.4 percent.

“In the short-term, speculative froth has been removed,” said Benedict Goette, chief executive officer of Compass Capital AG in Zurich, which helps oversee about 700 million Swiss francs ($785 million). “We are currently looking for another little up-leg into March or so. Today looks like a calm day, with U.S. markets closed.”

The Stoxx 600 advanced 2.5 percent last week after the Federal Reserve said its stimulus policy will remain responsive to economic data and as companies from Renault SA to ThyssenKrupp AG reported profit that beat analysts’ projections.

SGL Carbon jumped 11 percent to 30.36 euros. German newspaper Handelsblatt reported that SGL Carbon and BMW, which owns a 15.7 percent stake in the company, are investing more than 100 million euros ($137 million) to double carbon-fiber production to 6,000 tons a year. BMW slipped 0.8 percent to 85.28 euros.

MorphoSys added 3.2 percent to 65.51 euros. The German biotechnology company said it received a milestone payment from Novartis and projected initiation of a Phase 1 clinical trial for an anti-inflammatory treatment.

Luxottica Group SpA climbed 2 percent to 39.63 euros. Chief Executive Officer Andrea Guerra said he won’t join the new Italian government and will remain at his job at the world’s largest maker of eyeglasses.

FTSE 100 6,735.59 +71.97 +1.08%

CAC 40 4,340.5 +0.36 +0.01%

DAX 9,675.14 +12.74 +0.13%

USD/JPY Y100.85-95, Y101.00, Y101.25, Y101.35, Y101.40, Y101.85, Y102.45, Y103.05

EUR/USD $1.3635, $1.3650, $1.3780

GBP/USD $1.6500, $1.6800

EUR/GBP stg0.8100, stg0.8200, stg0.8300

AUD/USD $0.8975, $0.9000, $0.9100

USD/CAD C$1.0900, C$1.1100

Asian stocks rose, with a regional benchmark index poised to advance for the eighth time in nine days, after China’s new credit increased to a record in January, boosting optimism the world’s second-largest economy can maintain its growth momentum.

Nikkei 225 14,393.11 +80.08 +0.56%

S&P/ASX 200 5,382.89 +26.64 +0.50%

Shanghai Composite 2,135.41 +19.57 +0.92%

China Life Insurance Co., the nation’s biggest company in the sector, jumped 7.2 percent after UBS AG and Credit Suisse Group AG raised their ratings on the stock.

Newcrest Mining Ltd., Australia’s biggest gold producer, advanced 3.6 percent as bullion prices rose to a three-month high.

Rakuten Inc., an Internet retailer controlled by billionaire Hiroshi Mikitani, dropped 9.5 percent in Tokyo after announcing plans buy the Viber online messaging and calling service for $900 million.

00:01 United Kingdom Rightmove House Price Index (MoM) February +1.0% +3.3%

00:01 United Kingdom Rightmove House Price Index (YoY) February +6.3% +6.9%

00:30 Australia New Motor Vehicle Sales (MoM) January +1.4% Revised From +1.7% -3.5% -3.5%

00:30 Australia New Motor Vehicle Sales (YoY) January -0.1% Revised From +0.1% -3.0%

04:30 Japan Industrial Production (MoM) (Finally) December +1.1% +1.1% +0.9%

04:30 Japan Industrial Production (YoY) (Finally) December +7.3% +7.3% +7.1%

The dollar fell against most of its major counterparts as traders weighed whether weaker U.S. economic data will spur the Federal Reserve to consider a slower pace in tapering stimulus. U.S. factory production unexpectedly declined in January by the most since May 2009, according to a report released on Feb. 14, adding to evidence severe winter weather is weighing on the economy.

The British pound reached the highest since November 2009 after a report showed U.K. house prices rose the most since October 2012. Rightmove Plc said asking prices for U.K homes rose 3.3 percent this month from January, when they gained 1 percent.

The yen gained after Japan’s economic growth unexpectedly slowed. Japan’s gross domestic product expanded at an annualized 1 percent pace in the final three months of 2013, down from 1.1 percent growth in the preceding quarter, the Cabinet Office said today. The median estimate of analysts surveyed by Bloomberg News was for a 2.8 percent expansion.

Australia’s currency rose after the People’s Bank of China said in a Feb. 15 statement that aggregate financing, the broadest measure of credit, increased to an unprecedented 2.58 trillion yuan ($425.5 billion) in January.

The Fed on Feb. 19 releases minutes of its last gathering.

Markets in the U.S. will be closed for a holiday today.

EUR / USD: during the Asian session, the pair rose to $ 1.3720

GBP / USD: during the Asian session, the pair rose to $ 1.6820

USD / JPY: on Asian session the pair fell to Y101.40

Volumes are see as light, with US markets closed.