01.08.14

Good morning,

The Chinese HSBC Manufacturing Purchasing Managers Index came out slightly lower than expected this session, with the figure at 51.7 an 18 month high. The Japanese Nomura/ JMMA Manufacturing Purchasing Manager Index came out at 50.5 with USDJPY now trading at 102.93

The NIKKEI was trading at 15523.11 down 97.66 points or minus 0.63%

Europe sees a number of Markit Manufacturing PMI figures published for Britain, France, Germany,Greece, Italy, Spain and the Eurozone. EURUSD is trading lower, at 1.3390 a level not seen since November last year. British figures disappointed leading to sterling weakness, EURGBP is currently trading at 0.7951. Looking ahead to next week, Thursday will see the ECB interest rate decision along with the Bank of England rate on the same day.

The FTSE100 was trading at 6659.50 while the DAX was trading at 9215.11 both down over 1%

Today is Non-Farm Payrolls day in the US. The Unemployment rate is expected to remain unchanged at 6.1% A range of other data from the US will be released at this time with Personal Expenditure and Average Earnings figures expected. USOIL has fallen to $97.60 per barrel and GOLD was trading at $1284 per ounce at time of writing. Manufacturing PMI figures are also due out for the US this session.

The DOW closed at 16563.30 down 317.06 points, or down 1.88%

Hope you all have a nice weekend.