04.09.15

Good morning,

The week is drawing to a close with not much by way of data due for release out of Asia. Japanese Labor Cash Earnings for July were below expectations at 0.6% year on year to July. USDJPY trading at 119.55 The Hong Kong Markit Manufacturing PMI figures were out overnight which fell from 48.2 to the current figure of 44.4

The NIKKEI closed at 17792.16 down 390.23 points or minus 2.15%

In Europe today the G20 meeting commences. German Factory Orders for July were the first data item on today’s agenda and the figures missed expectations. EURUSD trading at 1.1142 GDP figures out of Hungary, Romania and Slovakia will be released this session before the important Eurozone Gross Domestic Product numbers. Swiss Consumer Price Index figures were out in line with expectations. EURCHF trading at 1.0857

The FTSE100 was trading at 6113.65 while the DAX was trading at 10172.40 early in the session.

A big day ahead in the US with Non-Farm Payrolls figures for August on the diary today. The Unemployment Rates from both the US and Canada are also out this session, with a slight improvement expected in the US and no change expected in Canada. USDCAD trading at 1.3214 USOIL trading at $46.44 per barrel. GOLD dropped back to the 1125 dollars per ounce level this session.

The DOW closed at 16374.76 following Thursday’s session, up just 23.38 points or 0.14%

I hope you all have a nice weekend.