02.03.15

Good morning,

In Australia we see that the AiG Performance of Manufacturing Index come out at 45.4 from 49.0 previously. Housing Industry Association New Home Sales were up by 1.8% month on month for January. AUDUSD trading at 0.7770 North Korea has fired two short range missiles South Korean officials have said. Joint US and South Korean military exercises are scheduled to begin, which North Korea denounced.

The NIKKEI closed at 18826.88 up 28.94 points or 0.15% on Friday’s close.

In Europe today a number of countries will publish Markit Manufacturing fugures. Spain, Italy, France, Germany, Greece and the UK, along with the Euro Zone figures will be published. Euro Zone Consumer Price Index and Unemployment figures also out this session, with EURUSD trading at 1.1174 following last week’s 180 pip decline against the USD on Friday.

The FTSE100 was trading at 6957.02 while the DAX was trading at 11414.95 shortly after the open.

Across the Atlantic today we will see the ISM Manufacturing PMI figure for February out of the US along with Markit Manufacturing PMI figures for February, Personal Spending data and Construction Spending for January. The Royal Bank of Canada Manufacturing PMI is due out this session with USDCAD trading at 1.2518 GOLD was trading at $1218 per ounce while USOIL was trading at $50.11 per barrel.

The DOW closed at 18132.70 dropping 81.72 or minus 0.45% for Friday’s session.

Hope you all have a good week.