News Finance Today 19-2-14

I'm Amy Anderson from OptionRally TV. Let's take a look at the global market highlights
and news that all traders and investors should be aware of US markets reopen quietly from holiday
Earnings reports hurt Coca Cola Currencies climb as the US dollar tumbles Let's take a quick look at what is happening
in the global markets now. Wall Street kicked off a holiday-shortened
week mixed at the closing bell, the Dow Jones was down 0.15 per cent, at 1-61-30.40. The S&P 500 index added 0.12 per cent, to
18-40.76, while the tech-heavy Nasdaq Composite rose 0.68 per cent, to 42-72.78. Coca-Cola dropped almost 4 per cent after
reporting fourth-quarter revenue that missed Wall Street expectations. IPhone maker Apple rose 0.8 per cent, helped
by press reports it is in talks to buy electric car maker Tesla Motors. Tesla advanced 3.5 per cent. Investors took in the National Association
of Home Builders monthly sentiment index for February, which dropped to 46 this month,
signaling that builders are pessimistic about sales trends. Economists expected a flat reading of 56.

The index dropped to the lowest level in nine
months in February. European indexes and Asian markets both closed
mixed. The Nikkei added 3.1% after Japan's central
bank doubled the size of two programs designed to encourage bank lending. In the foreign exchange market, the euro touched
a seven-week high against the dollar this morning, with the greenback struggling in
the wake of more soft economic data and news that foreign investors had been heavy sellers
of US assets. The euro held steady at $1.37-61. Tuesday's lackluster data on New York manufacturing
and US housing added to the case for the Federal Reserve to be patient in its tapering plans
and pushed Treasury yields lower, undermining the dollar's yield advantage. Against a basket of major currencies, the
dollar set at 79.9-32. Against the yen, the euro eased 0.1 per cent
to about 1-40.74 yen. The euro had climbed 0.8 per cent versus the
yen on Tuesday, helped in part by the Bank of Japan's decision to extend and expand a
scheme to promote bank lending.

Moving to the commodities market gold came
off three and a half month highs hit in the previous session as investors reaped profits
and physical buying subsided. Gold touched $13-32.10 an ounce on Tuesday,
the strongest since Oct. 31st, before shedding some of the gains. Bullion has risen around 9 per cent so far
this year. Oil prices were mixed yesterday with cold
weather in the United States pushing demand for heating fuel higher and credit growth
in China also giving support. New York's main contract West Texas Intermediate
was trading at $100.71. European benchmark Brent North Sea crude eased
nine cents to $1-09.09. This is Amy Anderson from OptionRally signing
off. Follow me on Facebook and watch for our new
financial terms of the day and our weekly events news.

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