09.09.15

Good morning,

Japanese Machine Tools Orders for August dropped by 16.5% from this time last year, while Consumer Confidence figures were up, better than had been expected, at 41.7. USDJPY trading at 120.55 The Nikkei Index made exceptional gains today of 7.71% reversing recent losses and short sales. Australian Home Loans increased by just 0.3% when a 0.8% figure had been expected. AUDUSD trading at 0.7041 The New Zealand Interest Rate decision is scheduled to take place later today or early tomorrow local time. Expectations of a 25 basis points cut have been put forward by economists. NZDUSD trading at 0.6364

The NIKKEI closed at 18770.51 gaining 1343.43 points or 7.71% on the previous closing figure.

In Europe today Greece’s Consumer Price Index figures will be announced along with Industrial Production data following Britain’s Trade Balance, Manufacturing and Industrial Production figures. EURGBP trading at 0.7265 with the Bank of England Interest Rate decision and voting data due for release tomorrow.

The FTSE100 was trading at 6267.02 while the DAX was trading at 10473.57

Across the Atlantic today we will see the Bank of Canada Interest Rate decision with markets expecting the rate to remain unchanged at 0.5% Housing Starts and Building Permits figures also out of Canada today. In the US we will see MBA Mortgage Applications, the Redbook Index and JOLTS Job Openings figures. USDCAD trading at 1.3221 USOIL was trading at $46.30 per barrel at time of writing.

The DOW closed at 16492.68 gaining 390.30 points or 2.42% on the previous close.

I hope you all have a nice day.