01.07.15

Good morning,

Japanese figures released overnight included a positive Tankan Large Manufacturing Outlook, an increase in Vehicle Sales and a slightly higher than expected Nomura/JMMA Manufacturing Purchasing Manager Index for June. USDJPY trading at 122.69 China’s HSBC Manufacturing PMI for June was out at 49.4, slightly below the 49.6 forecast. Australian Building Permits for May were out higher than expected. AUDUSD trading at 0.7717

The NIKKEI closed at 20329.32 gaining 93.59 points or 0.46%

In Europe today we see a range of countries publishing Markit Manufacturing figures. Spain, Italy, France, Germany, Greece, the Euro Zone and Britain all have data out this session. Bank of England Governor Mark Carney is scheduled to give a speech today. EURGBP trading at 0.7083 Greece has defaulted on a 1.6 billion EUR payment which had been due to the International Monetary Fund yesterday. No payment will be made until at least after the Greek Government holds a referendum this Sunday. EURUSD trading at 1.1100

The FTSE100 was trading at 6555.74 while the DAX was trading at 11025.07

Across the Atlantic today we will see the ISM Manufacturing Purchasing Managers Index figures for June, along with Construction Spending for May out of the US. Further figures will include the ADP Employment Change for June and Challenger Jobs Cuts, also for June. GBPUSD trading at 1.5654 EIA Crude Oil Stocks change figures also out this session with USOIL trading at $58.80 per barrel.

The DOW closed at 17619.51 following Tuesday’s session.

I hope you all have a nice day.