Aug 05


  • BY: Nati
  • August, 05th, 2015 8:02 +00:00

Good morning,

New Zealand’s Unemployment rate rose to 5.9% in the second quarter from the 5.8% reading in the first. NZDUSD trading at 0.6535 The Markit Services Purchasing Managers Index in Japan was out at 51.2; down from 51.8 previously, and the Caixin China Services Purchasing Managers Index was out at 53.8; up from 51.8 USDJPY trading at 124.40

The NIKKEI closed at 20614.06 for a gain of 93.70 points or 0.46%

In Europe this session Hungarian Retail Sales figures saw a positive figure in June with 6.2% growth year on year. EURHUF trading at 309.38 Markit Services and PMI data out of Spain, Italy, France, Germany, the Euro Zone and the United Kingdom all on the agenda this morning. Italian Industrial Output and Swiss Consumer Price Index figures also released today. EURGBP trading at 0.6972 with EURCHF trading at 1.0635

The FTSE100 was trading at 6708.34 while the DAX was trading at 11538.97 early in the session.

Across the Atlantic we see USD strength following hawkish comments by Atlanta Fed President Dennis Lockhart said the US economy is ready for the first increase in short-term interest rates. EURUSD trading at 1.0858 Figures out of the US and Canada today will include the ADP Employment Change figure, followed by the Trade Balance for the same month out of the US along with International Merchandise Trade figures for June out of Canada. Following on will be the Markit data from the US and the EIA Crude Oil stocks change figures. USOIL trading at $46.35 per barrel.

The DOW closed at 17550.69 falling 47.51 points; minus 0.27% for Tuesday.

I hope you all have a nice day.