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Spreadex Market Update

Monday, January 20, 2014 - Morning Market Update
Lee _Mumford _100x 100

Asian stocks fell overnight after data showed the Chinese economy slowed

Asian stocks fell overnight after data showed the Chinese economy slowed in the fourth quarter whilst gains in factory output and investment spending eased. The Chinese GDP expanded 7.7 percent in the fourth quarter, comparing to the 7.8 percent growth in the previous three months.

The dollar continued to perform well, touching its strongest level since November against the euro on speculation the Federal Reserve will continue to reduce stimulus as the US economy improves. Data over the last few months showed that the US economy continued to outperform. Investors will no doubt be focused on the FOMC meeting next week to gauge any signs of further tapering.

Gold continued its climb, rallying to the highest level in almost six weeks on signs of increased demand. Crude was in decline with WTI falling from the highest closing price in two weeks following the world’s second biggest oil consumer reporting a slowdown in industrial output.

The Trading Day and Week Ahead

For further information on the trading day ahead, take a look at our Financial Diary, which previews all the Economic Data due out to today and projected or previous figures.

Our Financial Diary is updated in real time as the figures are released throughout the day.

If you are unsure what different Economic Figures mean take a look at our Economic Indicators Explained guide.

For a look at the trading week ahead our Financial Diary also lists all the companies due to submit trading updates this week. Each Friday, our diary will preview the forthcoming week's economic indicators and company reports schedule.

For market trends and analysis, don't forget our charts have automatically generated support and resistance trend lines helping aid your financial spread betting with technical analysis. For more help on using our charts, view our Guide to Trading with Charts?


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