Dec 05


  • BY: Nati
  • December, 05th, 2014 9:00 +00:00

Good morning,

Asian markets saw Japanese Foreign Reserves gain slightly in November. The October Coincident Index grew from 109.8 to 110.2 Looking ahead to the outset of next week the GDP figure is set to be released. This is an important number for Japan after slipping into recession last month. USDJPY trading at 120.20 for the first time since July 2007

The NIKKEI was trading at 17920.45 up 33.24 points for an increase of 0.19%

In Europe today not much data due for release but the few releases that are of interest will be Euro Zone GDP figures due out (expected to remain unchanged at 0.8%) and Consumer Inflation Expectations from Great Britain. EURGBP trading at 0.7905 while CABLE trades at 1.5649 It’s a long weekend in most of mainland Europe so a relatively quiet start expected next week.

The FTSE100 was trading at 6724.87 up 45.50 points while the DAX was trading at 9969.37 up 118.02 points.

In the US today we await the Non-Farm Payrolls and the Unemployment Rate which is expected to remain unchanged at 5.8% EURUSD trading at 1.2380 with USOIL being offered for $66.26 per barrel. Canadian Unemployment figures are also out this session, where the unemployment rate is expected to rise to 6.6% from 6.5% previously. USDCAD trading at 1.1401

The DOW closed at 17900.10 down 12.52 points or 0.07%

Hope you all have a nice weekend.