01.09.15

Good morning,

The Reserve Bank of Australia kept Interest Rates unchanged at 2.0% AUDUSD trading at 0.7114 Aussie GDP figures coming in the next 24 hours. Chinese Purchasing Manager’s Index figures were released overnight. Japan’s Nomura/JMMA Manufacturing Purchasing Manager Index for August was out at 51.7 slightly below expectations. USDJPY trading at 120.47

The NIKKEI closed at 18165.69 dropping 724.79 points or 3.84% over the Asian session.

In Europe we will see Unemployment data from Austria, Germany, Italy and the Euro Zone Area as a whole. We also will see Markit Manufacturing figures from Italy, France, Germany, Greece, The Euro Zone and the UK. EURGBP trading at 0.7326 The ECB will announce their Interest Rate decision this Thursday and hold a press conference and release their policy statement following, with Friday bringing us the GDP figures from the Euro Zone.

The FTSE100 was trading at 6145.69 while the DAX was trading at 10098.62 both in the red.

Across the Atlantic today we will see Gross Domestic Product numbers out of Canada and the RBC Manufacturing PMI figure for August. USDCAD trading at 1.3170 In the US the Redbook Index will precede the Markit & ISM Manufacturing PMI figures. USOIL trading at $47.86 per barrel, with prices now higher than they had been at the start of August. EURUSD trading at 1.1306

The DOW closed at 16528.03 following Monday’s session on Wall Street. Dropping 114.98 points or minus 0.69%

I hope you all have a nice day.