Mar 10


  • BY: Nati
  • March, 10th, 2015 9:41 +00:00

Good morning,

Chinese Consumer Price Index figures came out above forecaster’s expectations, while Producer Price Index to February dropped 4.8% year on year. Japanese Machine Tool Orders for February were up by 28.9% year on year, and increase on last year’s 20.4% increase. USDJPY trading at 121.81 at time of writing. New Zealand’s Interest Rate decision will be announced tomorrow.

The NIKKEI closed at 18665.11 down 125.44 points, or minus 0.67%

In Europe today we saw the Swiss Unemployment rate remain unchanged at 3.2% as had been expected. French Industrial Output increased slightly, but there had been a decrease expected. Danish and Norwegian Consumer Price Index figures are out this morning. The Euro has continued lower, printing fresh lows against the Greenback. EURUSD trading at 1.0751 The Bank of England Governor Mark Carney is scheduled to speak this evening. EURGBP at a 7 year low trading at 0.7148

The FTSE100 was trading at 6864.79 while the DAX was trading at 11554.68 early in the session.

Across the Atlantic today January’s Wholesale Inventories are coming out of the US, along with the Redbook Index and the NFIB Business Optimization Index. US Retail Sales figure out on Thursday with Canadian Unemployment figures on Friday the main events expected this week from the continent. USDCAD trading at 1.2671

The DOW closed at 17995.72 up 138.94 points or 0.78%

Hope you all have a nice day.