Mar 04


  • BY:
  • March, 04th, 2014 8:44 +00:00

Good morning,

Equities in Japan rose to 14,721 (+0.47%), up 69 points and the Hang Seng index in Hong Kong gained as well 156.96 points at 22,657.93 (+0.70%). In China the Shanghai Composite lost just 3.76 points at 2,071.47 (-0.18%).

In Europe gauges are in positive territory after yesterday selloff due mainly to  geopolitical tensions in former Soviet Republic Ukraine.  The Stoxx50 is rising 43.08 points at 3,097.07 (+1.41%) and the DAX in Germany is trading at 9,462.57 (+1.11%), up 103.68 points. In Uk the FTSE100 is gaining  82.35 points at 6,790.7 (+1.32%).

In the FX market EurUsd is up 27 pips at 1.3762 (+0.2%) and UsdJpy has to regain area 102 to create a new wave of positive market sentiment. Now the cross rate is trading at 101.82 (+0.37%). GbpUsd is just above 1.67 at 1.6710 (+0.27%), up 42 pips.  AudUsd is rising after RBA interest rate decision to maintain the rate at 2.5%.  The pair is trading at 0.8963 (+0.29%), up 25 pips.

Precious metals are losing ground probably because safe haven demand for real assets is decreasing today: Gold is at 1,340.66 $/ounce  (-0.76%) and Silver is trading at 21.32 $/ounce (-0.37%).

Crude Oil at  103.81 $/barrel (-1.06%) is reflecting the current market environment where positions were taken based on a crisis situation, not a financial one that might triggered as a consequence, but a political one.