05.06.15

Good morning,

Japan’s Leading Economic Index figures for April were out at 107.2, up from 106.0 previously. The Coincident Index was also up, out at 111.1 from 109.2. USDJPY trading at 124.62 GDP figures coming in the next 24 hours from Japan along with Trade Balance and Current Account balances for April.

The NIKKEI closed at 20460.90 down 27.29 points or minus 0.13%

In Europe we got news of a deferred payment to the IMF from Greece. The Greeks had a payment due today, but they will delay the payment into a 1.6 Billion Euro lump sum due the end of this month. EURUSD trading at 1.1248 German Factory Orders were up in April. France’s Trade Balance dropped by three billion euros, although this is better than had been expected. Hungary saw Industrial Output and GDP figures this morning. EURHUF trading at 311.27 at time of writing. British Consumer Inflation Expectation figures and Euro Zone Gross Domestic Product figures to follow. EURGBP trading at 0.7347

The FTSE100 was trading at 6838.64 while the DAX was trading at 11283.93 early in the session.

Across the Atlantic today the Non-Farm Payrolls and Unemployment figures from the US will coincide with the Unemployment figures from Canada. USDCAD trading at 1.2523 The United States unemployment rate is expected to hold steady near a seven-year low of 5.4% while the Canadian rate is also expected to remain unchanged at 6.8% USOIL trading at $57.64 per barrel while GOLD is trading at $1176 per ounce.

The DOW closed at 17905.58 down 170.69 points or minus 0.94% from the previous close.

Hope you all have a nice weekend.