11.08.14

Good morning,

Chinese Consumer Price Index data was in line with expectations on Saturday, within the stated tolerance level of 3.5%. Growth for the first half of the year in China was at 7.4% slowing down from double digit growth at the turn of the decade. Japanese Consumer Confidence was lower than expected overnight, out at 41.5 up from 41.1, when a reading of 42.3 had been forecast. USDJPY is currently trading at 102.04

The NIKKEI was trading at 15130.52 up 352.15 points an increase of 2.38%

Starting the week off slowly today in Europe with Czech, Danish and Norwegian Consumer Price Index data are all out today as well as positive Swiss Retail Sales published at 3.5% for June. USDCHF was trading at 0.9059 at time of writing. British CB Leading Economic Index figures and Retail Sales Monitor curtesy of BRC will also be released today. CABLE was trading at 1.6787 with EURGBP trading at 0.7977

The FTSE100 was trading at 6604.79 up 37.43 points or 0.57% while the DAX was at 9110.38 up 101.06 or 1.12% from last week’s close.

A quiet start of the week across the Atlantic also. Canadian Housing Starts for July are expected out at 193.0K, down from 198.2K last year. USDCAD is currently trading at 1.0973 with EURUSD trading at 1.3394 GOLD is currently trading for $1308 per ounce. American Retail Sales data due out on Wednesday will be the main talking point in the US Market this week, expected to increase by 0.2% for June.

The DOW closed last week at 16553.93

Hope you all have a good week ahead.