Aug 06


  • BY: Nati
  • August, 06th, 2014 8:02 +00:00

Good morning,

Overnight we saw the publication of New Zealand’s Unemployment Rate. The rate is now at 5.6% below the 5.8% forecast, and down from 5.9% previously, which was revised from 6.0% Japanese Leading Economic Index released at 105.5 for June, up from 104.8 USDJPY was trading at 102.53 at time of writing.

The NIKKEI was trading at 15159.79 down 160.52 points or minus 1.05%

European markets will see manufacturing and industrial production data from the UK with the Halifax House Prices Index increasing higher than had been forecast this morning. London house prices have increased by over 20% in the past 12 months. CABLE was trading at 1.6861 at time of writing. The Bank of England tomorrow announces their Interest Rate decision.

The FTSE100 was trading at 6649.22 down 33.26 points or minus 0.50% while the DAX was trading at 9114.42 down 75.32 points or minus 0.82%

Across the Atlantic today we are awaiting Trade Balance figures for June, with OIL traders looking towards the EIA Crude Oil Stocks change for August 1st USOIL is currently trading at $97.60 per barrel. EURUSD is trading at 1.3372 at time of writing. GOLD was trading at $1292 per ounce. Canadian figures this week will see the Unemployment Data published with no change expected from the 7.1% rate. USDCAD was trading at 1.0970

The DOW closed at 16429.47 down 139.81 points, a decline of 0.84% on the day.

Hope you all have a nice day.