15.10.14

Good morning,

Overnight Chinese Consumer and Producer Price Indices came out slightly lower than expected. CPI at 1.6% vs 1.7% expected, with PPI out at -1.8% vs. -1.6% expected. Japanese Industrial Production figures were also released overnight, with a drop of 3.3% in production year on year. USDJPY was trading at 107.37 while EURJPY was trading at 135.85

The NIKKEI was trading at 15073.52 up 137.01 points or 0.92% so far this session.

The European Central Bank President Mario Draghi will today introduce the 7th Statistics Conference organised by the European Central Bank in Frankfurt, Germany. German Consumer Price Index figures released this session were as expected with 0.8% year on year for September. Norwegian Trade Balance figures are due out this session as are the updated UK employment figures; the rate is expected to drop to 6.1% from 6.2% for the quarter. USDNOK was trading at 6.5923 while CABLE was trading at 1.5902 a low for 2014 printed this session. A miss on the employment data could escalate the slide.

The FTSE100 was trading at 6353.30 while the DAX was trading at 8830.53

US Retails Sales figures will be the main event in terms of data released today in America, EURUSD trading at 1.2643 at time of writing USOIL has not been trading at $80.65 since June 2012 and we are seeing a low for the year so far. Canadian figures of interest on Friday when the Consumer Price Index figures are published, with USDCAD trading at the highest level since 2009 at 1.1346

The DOW closed at 16315.19 down just 5.88 points for a decline of 0.04%

Hope you all have a nice day.