01.07.14

Good morning,

Overnight we have seen the Australian Interest Rate decision, where the rate remains at 2.5% Japanese figures were also released including Tankan Outlook data. Chinese PMI data from NBS and HSBC was also released, and the Yen has fallen slightly against the USD to currently trade at 101.47 A relatively quiet week ahead for Asian markets in that there is very little of note due out in the coming days.

The NIKKEI was trading at 15326.20 up 164.10 points, an increase of 1.08%

European markets will see German Unemployment rates, with Markit Manufacturing data for Spain, Italy, France, Germany, Greece and Great Britain. The manufacturing data is expected to remain close to the previous figure in each. Euro Zone unemployment rate, which will be announced this session, is expected to remain unchanged at 11.7% EURGBP is currently trading at the 0.80 figure although the data today, and later in the week we see another ECB Interest Rate decision could further weaken the Euro should there be any surprise.

The FTSE100 was trading at 6757.72 up 0.20% from the open, while the DAX was at 9852.98 also up 0.20%

American markets will also see Markit Manufacturing data released today following European data releases. EURUSD is currently trading at 1.3688, after a strong session for the Euro at the start of this week. US Non-Farms Payrolls are due out Thursday along with the Unemployment rate which is expected to remain unchanged at 6.3% Friday is a holiday in the US and markets will remain closed for Independence Day.

The DOW closed at 16826.60 down 25.24 or minus 0.15%

Hope you all have a good day.