May 09


  • BY: Nati
  • May, 09th, 2014 7:06 +00:00

Good morning,

Overnight, Chinese Consumer Price Index data failed to hit expectations. The Reserve Bank of Australia, in its monetary policy statement, reiterated its commitment to hold interest rate unchanged for the foreseeable future. The Aussie dollar was trading at 0.9358 against the USD this morning. Japan's leading index for March was out at 106.5, just under the expected 106.9. USDJPY was trading at 101.70

The NIKKEI was trading at 14199.59 up 35.81 points an increase of 0.25%

Europe awaits British figures, after German data disappointed this morning. German Trade Balance figures came out at €14.8B below the €16.6B which had been expected. The EUR lost considerable ground yesterday following ECB President Mario Draghi’s speech in which he said that the euro's strength was "a serious concern". EURUSD was trading at 1.3825, down from a high of 1.3993 at the peak of yesterday’s session.

The FTSE100 closed at 6839.25 up 42.81 points or 0.63% while the DAX closed at 9607.40 up 86.10 points an increase of 0.90%

In Canada today we await Unemployment data. The unemployment rate is expected to remain unchanged at 6.9% US jobless data released yesterday show a better than expected result in jobless claims figures, with a reading of 319K, below the expected 325K USDCAD was trading at 1.0827 this morning, with GOLD trading close to 1290 dollars per ounce

The DOW closed at 16550.97 up 32.43 points or 0.20%

Hope you all have a good weekend.