Mar 13


  • BY: Nati
  • March, 13th, 2014 8:14 +00:00

Good morning,

Yesterday saw New Zealand increase interest rates as had been widely expected, up to 2.75% from 2.5%. Following the announcement of the increase NZDUSD traded to levels not seen in almost a year. Currently trading at 0.8577. Australian figures also showed an improvement in the employment situation, although the 6% rate remained the same. Japanese machinery orders were up by 23.5% which led to gains in the JPY.

The NIKKEI was trading at 14815.98 down 14.41 points from the open.

The European Central Bank publishes their monthly report today, with other major news releases scheduled. Eyes still focus on the situation in the Ukraine, with Europe as a whole depending on gas piped through the region from Russia. Gold prices have increased since the outset of the tension in the region, currently trading above 1370 dollars per ounce.

The FTSE100 closed at 6620.90 down 64.62 points or minus 0.97% while the DAX closed at 9188.69 down 119.10 points, minus 1.28%

American markets today await the retail sales figures for February which are expected to show an improvement on last month’s negative figure. USOIL prices fell following the release of oil stockpiles, with some traders linking the first sale since 1990 to Russia’s intervention in the Crimea region of the Ukraine. Prices dropped from close to $101 per barrel to trade at $98.16 per barrel at time of writing.

The DOW closed at 16340.08 down 11.17 points or minus 0.07%

Hope you all have a nice day.