10.06.14

Good morning,

Asian markets were up overall following Chinese Consumer Price Index figures reading slightly higher than expected at 2.5%. USDJPY is currently trading at 102.26 Australian Consumer Confidence Index figures are due out tomorrow, with their unemployment rate published a day later. The Reserve Bank of New Zealand will publish the interest rate decision which is expected to rise from 3% to 3.25% tomorrow. NZDUSD was trading at 0.8517 at time of writing.

The NIKKEI was trading at 14994.80 down 129.20 or minus 0.85%

The Swiss unemployment rate remained at 3.2% despite expectations of a 3.0% reading. Today will see the British Industrial and Manufacturing Production figures, with expectations of a positive result seen as most likely among analysts. Expect volatility in GBP markets should the figures disappoint. CABLE was trading at 1.6810 ahead of the data release. The NIESR GDP Estimate will also be published this afternoon.

The FTSE100 was trading at 6849.81 down 25.19 points or 0.37% while the DAX was at 9993.69 down 14.94 points or minus 0.15%

American figures due out today will include the Redbook Index, Wholesale Inventories and the NFIB Business Optimism Index. The Jobless Figures will be out this Thursday along with Retail Sales data, OIL stocks data published on Wednesday and GAS storage figures also out on Thursday. EURUSD was trading at 1.3587 with GOLD currently trading at $1255 per ounce.

The DOW closed at 16943.10 up 18.82 points or 0.11%

Hope you all have a good day.