10.08.15

Good morning,

Over the weekend China released Consumer Price Index figures and Producer Price Index figures along with import and export figures. The figures were disappointing, with both imports and exports falling, and exports in particular were hit hard; falling 8.3% when a one per cent drop had been expected. Japan’s Eco Watchers Survey figures were also out. Japanese Consumer Confidence falling below expectations as well. USDJPY trading at 124.41

The NIKKEI closed at 20808.69 for a gain of 84.13 points or up 0.41%

European markets today awoke with the news of an overnight car bomb attack in Istanbul with a further attack on the US Consulate. USDTRY trading at 2.7804 after some volatility on the breaking news. Danish and Swedish Industrial Production figures out today with Norway and Denmark both releasing Consumer Price Index figures. USDNOK trading at 8.2563 USDSEK at 8.7526 while USDDKK trades at 6.8061 Hungary will publish Trade Balance figures this session with the EURHUF pair trading at 310.19 Greek Industrial Production figures will round off an expected quiet day in Europe regards data.

The FTSE100 was trading at 6718.49 while the DAX was trading at 11549.72 this morning.

Across the Atlantic today very little data due in the US with the Labor Market Conditions Index for July and speeches from two FED members, Richard Fischer and Dennis Lockhart. USOIL has fallen to the lowest level seen since February 2009 with the price per barrel trading around $44 Retail Sales figures out of the US this Thursday the main data this week to watch in America. EURUSD trading at 1.0960

The DOW closed at 17373.38 at the close last week.

I hope you all have a nice week.