May 05


  • BY: Nati
  • May, 05th, 2014 7:11 +00:00

Good morning,

Today sees Gold gain ground on news coming out of Ukraine over the weekend, opening the week above the 1300 dollar per ounce mark. Chinese factory activity declined in April, HSBC manufacturing PMI was out at 48.1 below the 48.4 consensus. Australian Building permits were also down with a -3.5% reading below the 1% increase analysts had predicted. USDJPY was trading at 102.03 at time of writing.

The NIKKEI was trading at 14457.51 down 27.62 or minus 0.19%

European figures released today include the Sentix Investor Confidence report published, and the Producer Price Index figures for the Euro Zone area. Also the European Commission will release the Economic Growth Forecasts. EURUSD was trading at 1.3875 at time of writing.

The FTSE100 closed at 6822.42 up 13.55 or 0.20% while the DAX closed at 9556.02 down 47.21 or minus 0.49%

In the US data from Markit Services Purchasing Managers Index for April is expected out at 54.2 from 55.3 previously. The ISM Non-manufacturing PMI figures are expected to come out at 54.1 from 53.1 in March. CABLE was trading at 1.6871 at time of writing.

The DOW closed at 16512.89 down 45.98 points or minus 0.28%

Hope you all have a good week.