13.11.14

Good morning,

Australian Consumer Inflation Expectation rose by 4.1% for October with the House Price Index also on the increase, with 1.4% growth for October from just 0.2% in September. AUDUSD trading at 0.8707 A poll of 250 Japanese firms show that 72% of those asked said that Japan cannot cope with the tax hike planned for next year. USDJPY trading at 115.78 an area not seen since October 2007. Chinese Retail Sales figures came out slightly below expectations at 11.5% against 11.6% expected.

The NIKKEI was trading at 17392.79 up 195.74 points for a gain of 1.14%

In Europe today German Consumer Price Index figures were out in line with expectations. The Spanish and French also released CPI figures this morning, which were up slightly on the month in Spain, and flat in France. The ECB monthly report is due for publication this session, with Italian CPI figures out at the same time. GDP figures for the Euro Zone are out during tomorrow’s session, and a 0.7% increase have been forecast. EURUSD trading at 1.2458 at time of writing.

The FTSE100 was trading at 6622.24 while the DAX was trading at 9251.63 after the open.

The US Jobless Claims figures will be out this session with Initial Jobless Claims figures expected to read 280k from 278k. The Bank of Canada will publish their quarterly review this session, with USDCAD trading at 1.1319 CABLE trading at 1.5775 a fresh 12 month low. Looking ahead to Friday’s session the US Retail Sales figures will be out with a 0.2% increase forecast, from a 0.3% drop in September. EIA Crude Oil Stocks change figures out this session also, with USOIL trading at $76.85 per barrel at time of writing.

The DOW closed at 17612.20

Hope you all have a nice day.