16.06.15

Good morning,

Australia’s central bank said it was appropriate to leave interest rates steady this month in minutes of its June 2 meeting, where the Reserve Bank of Australia left rates unchanged at a record low 2.0% House Prices and inflation were among the issues discussed, particularly regards Sydney and Melbourne. AUDUSD trading at 0.7741 Bank of Japan Governor Haruhiko Kuroda spoke on Yen strength, saying he was not making any assessment on nominal yen levels or predicting its future moves when he described the yen as being "very weak" in comments to parliament last week. USDJPY trading at 123.59

The NIKKEI closed at 20,257.94 down 129.85 points or minus 0.64%

In Europe this session we saw German Consumer Price Index data for May come out in line with expectations. Norway’s Trade Balance will be published this session, with USDNOK trading at 7.7508 at time of writing. The main British data release of the week takes place today when the United Kingdom Consumer Price Index for May will be released. EURGBP trading at 0.7243 while GBPUSD trades at 1.5614 Euro Zone Employment Change figures and ZEW Survey data from the common economic area, and Germany, are due out this session as well.

The FTSE100 was trading at 6697.97 while the DAX was trading at 10901.39 early in the session.

Across the Atlantic today Housing Starts and Building Permits figures for April, the Redbook Index is also due this US session. In Canada the foreign investment figures for April are published. USDCAD trading at 1.2331 ahead of tomorrow’s FED Interest Rate decision. Thursday will see the Consumer Price Index from the US, with the CPI from Canada out on Friday. USOIL trading at $60.42 per barrel.

The DOW closed at 17791.17 down 107.67 points or minus 0.60%

Hope you all have a nice day.