03.09.15

Good morning,

Foreign Investment in Japanese bonds rose while stock investment dropped off. The recent stock market losses has seen investors look for more stable assets it seems. USDJPY trading at 122.40 Australia’s Trade Balance fell but not by as much as had been forecast. Retail Sales figures dropped by 0.1% while 0.4% growth had been priced in. AUDUSD trading at 0.7028

The NIKKEI closed at 18182.39 for a gain of 86.99 points or 0.48% up on the previous closing price.

In Europe today we will see Czech and Hungarian Retail Sales figures, followed by the Swedish Riksbank Interest Rate decision. Markit Services PMI figures will be out in Spain, Italy, France, Germany, the Euro Zone and the UK this session. EURGBP trading at 0.7346 However all eyes will be on ECB President Mario Draghi following the announcement of the ECB Interest Rate decision this session. The rate is expected to remain unchanged at 0.05%

The FTSE100 was trading at 6177.30 while the DAX was trading at 10228.02 both up early in the session.

Across the Atlantic today we will see both the US and Canada publish Trade Balance figures. USDCAD trading at 1.3264 EURUSD trading at 1.1229 at time of writing. Tomorrow will see Non-Farm Payrolls figures out of the US tomorrow, with unemployment rate updates scheduled in the US and Canada tomorrow. USOIL trading at $46.36 per barrel. GOLD trading at $1132 per ounce this session.

The DOW closed at 16351.38 gaining 293.03 points or 1.82% on Wednesday.

I hope you all have a nice day.