13.11.13

Asian markets saw a slight reaction following a higher than expected drop in monthly machinery orders, with a drop of -2.1% reported against an expected drop of 1.8%. Aussie dollar has continued to drop against the USD although a slight rally overnight on positive consumer confidence figures. AUD/USD is trading at 0.9293 with a high of 0.9310 and a low of 0.9285 so far.  The Wage Price Index came out slightly below expectations offsetting the consumer confidence news.

The NIKKEI closed at 14567.20 down 21.52 points or minus 0.15%

European markets today await unemployment figures from Britian before Governor of the Bank of England gives a speech at 10.30am GMT. German coalition negotiations are still underway, while Italian and Greek governments try to formulate plans to raise capital to bring up ratio requirement levels, and close budget deficits. Italy and Germany will sell 3 year bonds, and 2 year notes respecively today. EUR/JPY was trading at

The FTSE100 closed at 6689.39 down 37.40 points or minus 0.56% while the DAX closed at 9046.70 down 29.78 or minus 0.33%

US data released today include the MBA Mortgage Application figures and their monthly budger statement for september. The American Government also auction treasury bills today. Federal Reserve board members from Minneapolis and Atlanta both outlined reasons why the FED will continue with monetary policy action in an effort to foster growth. EUR/USD was trading at 1.3434 with a high of 1.3452 and a low of 1.3423 so far.

The DOW closed at 15750.70 down 32.43 points or minus 0.21%

Have a nice day.