14.11.14

Good morning,

Asian markets have seen Japanese Industrial Production figures increase, and Australian Consumer Inflation Expectation figures rise. Otherwise a quiet session expected in Asia as far as data releases are concerned. The USDJPY trading at 116.27 with AUDUSD trading at 0.8689 Japanese GDP figures will be released early next week, the first data of note coming after the weekend. Also New Zealand Retail Sales figures will be published. NZDUSD trading at 0.7859

The NIKKEI was trading at 17490.83 up 98.04 points or 0.56% this session.

In Europe this morning, provisional German Gross Domestic Product figures were released in line with, or slightly above expectations. The Euro Zone GDP figures are expected out this session also, with a 0.7% growth estimated by analysts. EURUSD trading at 1.2469 Looking ahead to next week, we will see British Consumer Price Index figures on Tuesday, before the Bank of England Meeting Minutes on Wednesday. CABLE trading at 1.5688

The FTSE100 was trading at 6631.20 while the DAX was trading at 9271.19

Across the Atlantic today we are focusing on the Retail Sales figures for October in the US along with their Reuters/Michigan Consumer Sentiment Index. Retail sales are expected to grow by 0.2% from -0.3%, and the Consumer Sentiment Index is expected to rise to 87.5 from 86.9 USOIL was trading at $73.57 a level not seen since September 2010 FOMC meeting minutes will be published on Wednesday of next week. USDCAD trading at 1.1374

The DOW closed at 17652.79 up 40.59 points or 0.23%

Hope you all have a good weekend.