Oct 07


  • BY:
  • October, 07th, 2013 7:31 +00:00

Good morning

On Friday U.S. equities rose and the S&P500 closed at 1690.5 , up +11.84 points (+0.71%). Nasdaq index closed up +33.41 points (+0.89%) at 3807.75 and the DOW finished the trading session above psychological level 15000 at 15072, up (+0.51%) or +76.10 points. In asia the MSCI ASIA Pacific Index fell 0.9 percent to 137.91. In Japan the Nikkei index closed  below 14000 at 23853 (-1.22%) with a drop of  170.99 points and in Hong Kong the Hang Seng index closed at 5611.11 with a drop of  46.91 points (-0.90%).In China no news flow from the market because today they are closed for the celebration of the National Day.  Both local and international factors weighted in the Asian trading session. In Japan Tepco (-7.4%) dragged down the utility sector. The partial U.S. government shutdown still make the financial community nervous because there is a probability that lawmakers  won’t be able to agree on raising the nation’s $16.7 trillion borrowing limit. As  U.S. Treasury Secretary Jacob Low said the deadline to pass a debt-ceiling  bill is the 17th of October.  If the congress won’t find an agreement by that deadline U.S. will risk defaulting on its payment. In Europe at 07:08 GMT the DAX index is down  81 points (-0.94%) at 8537. In England the FTSE100 is performing better than Eurozone gauges but is down 38 points (-0.58%) at 6417. In the FX market the EurUsd is up +0.12%  at 1.3572, the  GbpUsd is trading above 1.6 at 1.6037(+0.19%) and the UsdJpy  now is below 97 and is trading at 96.16 (-0.57%).  The Aussie dollar is losing ground against the greenback and is struggling to keep 0.94 area (-0.4%). Precious metals are unchanged with gold trading at 1311.25 (+0.05%) and silver at 21.70 (-0.08%). Crude oil on the NYMEX is losing -0.98% at 102.82. Today the market operators in Europe will focus their attention on the Sentix Investor Confidence (will be released at 8:30 GMT) and the Eurozone GDP data (09 GMT). On the other side of the Atlantic ocean at 12:30 in Canada will be released the data regarding building permits and in U.S.  just one hour before the close of the spot market will be the turn of the Consumer Credit Change.