Jun 03


  • BY: Nati
  • June, 03rd, 2014 6:53 +00:00

Good morning,

The Reserve Bank of Australia kept their base rate at 2.5% as had been expected, they did however have a better than expected trade balance and the Aussie Dollar gained ground following the publication of the figures. AUDUSD is currently trading at 0.9264 There was also positive PMI figures from China which helped buoy the Asian markets. USDJPY was trading at 102.29 at time of writing.

The NIKKEI is currently at 15036.96 gaining 101.04 so far, an increase of 0.68% for the session.

European markets await the overall unemployment figures along with Core Consumer Price Index and the CPI figures. The Unemployment Rate is expected to remain at 11.8% for the Euro Zone. The Italian unemployment rate is also expected to remain unchanged at 12.7% Thursday will see the European Central Bank rate figures, with the market expecting a drop in the base rate from 0.25% to 0.1% The Bank of England also is expected to announce their rates, but they are expected to remain unchanged at 0.5%

The FTSE100 closed at 6864.10 up 19.59 points or 0.29% while the DAX closed at 9950.12 up 6.85 or 0.07%

The US will see their factory orders figures released today, with initial jobless figures out on Thursday and the NFP out this Friday. EURUSD was trading at 1.3604 at time of writing. Canada will publish their interest rate decision. The expectation is that it will remain unchanged at 1% So a lot of interest rate decisions due this week, with Central Banks expected to make a number of closely watched statements.

The DOW closed at 16743.63 up just 26.46 points or 0.16%

Hope you all have a good day.