11.08.15

Good morning,

In Asia we saw Japanese Machine Tools Orders figures year on year for July out at 1.6% down from 6.6% previously. USDJPY trading at 124.78 China released New Loans issued figures for July while the National Australia Bank’s Business Conditions and Confidence figures were published. AUDUSD trading at 0.7318 New Zealand will release Retail Sales figures for the second quarter late this week. NZDUSD trading at 0.6551

The NIKKEI closed at 20695.84 dropping 112.85 points; minus 0.54%

German Whole Sale Price Index figures for July were published this morning. Hungary will announce Consumer Price Index figures with EURHUF trading at 311.25 ahead of the data release. Swedish Unemployment numbers will show if there is any change on the 8.5% rate. USDSEK trading at 8.7255 In Italy the Consumer Price Index figures for July will be announced. EURUSD trading at 1.0977

The FTSE100 closed at 6736.22 while the DAX closed at 11604.78 following Monday’s session.

Today will be a little more interesting than Monday regards data out across the Atlantic with Canada set to release Housing Starts figures. The United States will release figures including the Unit Labor Costs for the second quarter and Nonfarm Productivity for the same timeframe. USDCAD trading at 1.3062 The Redbook Index and Wholesale Inventories will be the final pieces of data to watch for out of America today. USOIL trading at $45.18 per barrel while GOLD was trading at $1102 per ounce.

The DOW closed at 17615.17 up 241.79 points on Friday’s close for an increase of 1.39%

I hope you all have a nice day.