14.07.14

Good morning,

A quiet start to the week so far with data from Japan limited to Industrial Production and Capacity Utilization figures. Following this session Australian Reserve Bank will publish their meeting minutes with Chinese Foreign Investment info also due out. The Bank of Japan will issue their Monetary Policy statement, with probability of the low interest rates continuing with a reaffirmation of the 2% inflation target mentioned. USDJPY was trading at 101.50 at time of writing.

The NIKKEI was trading at 15296.82 up 132.78 points an increase of 0.88%

Europe will see Industrial Production data out, with European Central Bank President Mario Draghi scheduled to make a speech before the Committee on Economic and Monetary Affairs of the European Parliament today. Tomorrow will see the important Consumer Price Index figures from Britain, and BoE Governor Carney is scheduled to speak. CABLE was trading at 1.7122 while EURGBP was trading at 0.7955 at time of writing.

The FTSE100 was trading at 6712.45 while the DAX was at 9697.80 both up one third of a percentage point.

Across the Atlantic there are no scheduled data releases until tomorrow’s session. Tomorrow we shall see Retail Sales, ahead of FED Chair Yellen is due to testify for the Semiannual Monetary Policy Report to Congress in Washington DC. Wednesday will see the Bank of Canada Interest Rate decision with expectations of an unchanged 1% rate published. USDCAD was trading at 1.0739 at time of writing.

The DOW closed last week at 16943.81 up 28.74 points or 0.17%

Hope you all have a good week.