08.06.15

Good morning,

Japanese Gross Domestic Product figures released overnight show the first quarter growth at 1.0% from 0.6% previously. USDJPY trading at 125.24 Chinese Exports and Imports fell, with imports dropping by 17.6% while exports only fell by 2.5% which was less than had been expected. Later this week we will see the RBNZ Interest Rate decision, the rate is currently at 3.5% NZDUSD trading at 0.7063

The NIKKEI closed at 20457.19 following the first session in Tokyo for the week.

In Europe today we saw German Industrial Production on the rise up to April, while Imports were down, and Exports increased slightly. EURUSD trading at 1.1175 Later in the session we will see Sentix Investor Confidence figures for June. The G7 meeting will see discussions on Ukraine, and the Greek debt situation. Tomorrow we await the Euro Zone GDP figures along with the Treasury Committee Inflation Report Hearings out of the UK EURGBP trading at 0.7301

The FTSE100 was trading at 6803.60 while the DAX was trading at 11135.81 early in the session.

Across the Atlantic today we will see Canadian Housing Starts in May and Building Permits figures for April released. In the US we will see the Labor Market Conditions Index for May with USDCAD trading at 1.2449 USOIL was trading at $58.99 per barrel. Retail Sales figures out on Thursday in the US are expected to be the main data this week.

The DOW closed at 17849.46 on Friday.

Hope you all have a good week.