14.07.15

Good morning,

Asian markets saw little by way of data releases today, with China's M2 Money Supply up by 11.8%, when an 11.0% increase had been expected. In Australia their National Australia Bank's Business Conditions and Confidence both rose. AUDUSD trading at 0.7420 at time of writing. Looking ahead to tomorrow's session in the far east, the Bank of Japan will publish their Monetary Policy Statement, followed by a press conference. USDJPY trading at 123.34 Chinese Gross Domestic Product figures for the second quarter also out tomorrow.

The NIKKEI closed at 20385.33 up 295.56 points or 1.47%

In Europe France is on a public holiday for Bastille Day. In Greece there could be further drama as the ruling party has resigned. New elections could follow. EURUSD trading at 1.1019 Today we say the German Consumer Price Index out in line with expectations. CPI figures are also published today in Spain, Sweden, Italy and the UK. UK Inflation Report figures out this session. The Bank of England's Governor Mark Carney is scheduled to speak today. EURGBP trading at 0.7126

The FTSE100 was trading at 6727.68 while the DAX was trading at 11428.92 early in the session.

In the US today we see the retail Sales figures for the month of June. Other figures out from the US will include the Import and Export Price Indices and the Redbook Index. Tomorrow we will see the Bank of Canada Interest Rate decision. Rates are forecast to remain unchanged at 0.75% USDCAD trading at 1.2787 USOIL trading at $51.50

The DOW closed at 17977.68 gaining 217.27 points or 1.22%

I hope you all have a nice day.