Aug 08


  • BY: Nati
  • August, 08th, 2014 8:00 +00:00

Good morning,

China published a trade surplus for July, exports were up. Manufacturing in the world’s second largest economy also picked up. The Trade Balance for July stood at $47.3B The Bank of Japan has not indicated that there will be fresh stimulus amid fears that the April Sales Tax hike will be felt in the coming month’s data releases. Chinese Consumer Price Index data will be released over the weekend. USDJPY was trading at 101.70

The NIKKEI was trading at 14778.37 down 454.00 points, a loss of 2.98%

This European session started off with higher than expected German Imports and Exports announced. French Industrial Output also improved, and beat expectations. Great Britain will also publish Trade Balance data this session. EURUSD was trading at 1.3385 with CABLE trading at 1.6811 at time of writing. ECB and Bank of England Interest rates remained unchanged as expected during yesterday’s session.

The FTSE100 was trading at 6547.63 down 49.74 or minus 0.75% while the DAX was trading at 8933.37 down 105.60 points, a decrease of 1.17% from the open.

Across the Atlantic we await the Canadian Unemployment Rate today. With expectations for an unchanged 7.1% any deviation could have implications for the Loonie. USDCAD was trading at 1.0925 GOLD today is trading in a range between 1380 and 1323 dollars per ounce. USOIL was trading at $98.15 per barrel.

Yesterday the DOW closed at 16368.27 down 75.07 points or minus 0.46%

Hope you all have a nice weekend.