Nov 10


  • BY: Nati
  • November, 10th, 2014 8:59 +00:00

Good morning,

Coming into the week we have a quiet couple days ahead of major scheduled data releases. Chinese Consumer Price Index figures published overnight as expected at 1.6% year on year to October. Australian Home Loans for September fell by 0.7% which was less than had been expected and an improvement on August’s figure of -0.9% Japanese Trade Balance & Consumer Confidence figures and Chinese New Loans figures are due out in the coming 24 hours. USDJPY trading at 114.07 The Reserve Bank of New Zealand Governor, Graeme Wheeler, will speak on Tuesday night Wednesday morning.

The NIKKEI was trading at 16780.53 down 99.85 points or minus 0.59% from last week’s close.

In Europe today we saw some Danish figures, including Industrial Production which fell by 4.6% in September from a positive 5.2% in August. USDDKK trading at 5.967 Another set of figures today will see Norway’s Consumer and Production Price Indices and Core Inflation figures for October. Later in the week we will see the GDP figures for the Euro Zone and for Germany announced. EURUSD trading at 1.2470 The Bank of England Inflation report is due for release on Wednesday.

The FTSE100 was trading at 6589.40 while the DAX was trading at 9306.98

US and Canada will observe Veteran’s Day and Remembrance Day tomorrow, and with this in mind the schedule for today was also pretty lax. The only data of note being the Housing Starts figure from Canada for October. USDCAD trading at 1.1329. Thursday will see Jobless figures from the US and Friday will give us the October Retail Sales figures and the Reuters/Michigan Consumer Sentiment Index. CABLE trading at 1.5886 at time of writing.

The DOW closed at 17573.93 last week.

Hope you all have a good week ahead.