Dec 06


  • BY: Nati
  • December, 06th, 2013 8:43 +00:00

Asian markets are expected to remain flat today ahead of the US figures later this afternoon. There was a slight increase in Japanese Foreign Reserves. Prime Minister Abe has called for a summit with China to ease tensions over air defense region around the disputed Senkaku Islands. USDJPY was trading at 102.14 with a high of 102.21 and a low of 101.70 so far.

The NIKKEI closed at 15299.90 up 122.37 points an increase of 0.81%

European Central Bank President, Mario Draghi, said yesterday that the ECB is ready to take action to support the Euro currency and economy. The ECB left the interest rate unchanged at 0.25% and Draghi has said that the economic area could experience a prolonged period of low inflation. Germany is experiencing some harsh weather with cities such as Hamburg reporting some flooding. This morning’s Swiss Consumer Price Index came in higher than expected at 0.1%, up from -0.3% year on year. British Consumer Inflation figures are the main GBP data released today at 09:30 GMT.

The FTSE100 closed at 6516.28 up 17.95 or 0.28% while the DAX closed at 9128.85 up 43.90 points, an increase of 0.48%

The main fundamental news today will be the US figures. The NFP (non-farm payroll) figures are the expected main event in the markets today, and these figures will likely give the USD direction until the FED meeting on the 18th of this month. The unemployment rate will also be closely watched as this is a key figure in expectations regarding when the FED will begin to taper their bond buying program. The EURUSD was trading at 1.3657 with a high of 1.3670 and a low of 1.3651 so far.

The DOW closed at 15821.50 down 68.26 points or minus 0.43%

Have a nice weekend.