Mar 05


  • BY:
  • March, 05th, 2014 9:30 +00:00

Good morning,

Equities in Asia closed mixed ans in Japan the gauges rose following the positive market sentiment the was the main theme in US positive performance.  The Nikkei225 gained 176 points at 14,898 (+1.20%), up 176 points. In Hong Kong the Hang Seng lost 77.85 points at 22,579.78 (-0.34%).  The Shanghai Composite in China lost lost ground and might trade below 2,000 area if continues to drop. The index closed at 2,053.08 (-0.89%), with a loss of 18.39 points.

In Europe indices are calm because are waiting Eurozone GDP data that will be released at 10:00 GMT.  The Stoxx50 is at 3,140.3 (+0.13%), up 3.97 points. The FTSE100 in UK is trading at 6,812.89 (-0.16%), down 10.88 points.

In the FX market the EurUsd is trading in a 23 pips range today, probably ready for a volatility explosion. The pair is at 1.3735 (-0.05%). UsdJpy recovered 102 area and the cross rate is at 102.37 (+0.16%), up 17 pips. GbpUsd is up 18 pips at 1.6683 (+0.12%) and UsdChf is unchanged at 0.8875 after the support in area 0.88 worked well and could lift the pair for 2 consecutive trading session.

Both Gold and Silver are in positive territory: the shiny metal is at 1,335.68 $/ounce (+0.07%) and Silver is trading at 21.27 $/ounce.  Crude oil is down 1 cent at 103.32 $/barrel (-0.01%) and Natural Gas is at 4.68 $/BTU (+0.21%).

From the other side of the Atlantic Ocean important data will come from Bank of Canada interest rate decision at 15:00 GMT and then in US the ISM Non Manufacturing PMI at 15:00 GMT.