Feb 18


  • BY:
  • February, 18th, 2014 9:16 +00:00

Good morning,

Equities in Japan soared 450 points and the Nikkei closed at 22,587.72 (+3.13%) and in Hong Kong the Hang Seng closed up 51.78 points to 22,587.72 (+0.23%), up 51.78 points. In China the Shanghai Composite lost 16.35 points at 2,119.07 (-0.77%).

In Europe at 8:57 GMT equities are trading in negative territory and the Stoxx50 is losing 9.68 points at 3,109.23 (-0.31%) and in Germany the DAX is nearly flat at 9,650.69. In UK the FTSE100 is down 10.66 points at 6,725.34 (-0.16%).  In the currency market the EurUsd is up 10 pips at 1.3718 (+0.08%) and UsdJpy is trading at 102.44 (+0.5%). with a gain of  47 pips.  After last week positive performance GbpUsd is having a retracement and the cross rate is trading at 1.6684 (-0.17%), down 28 pips. UsdChf is flat at 0.8912.

This morning metals are in a profit taking session and Gold is losing 10$ at 1319.95 $/ounce (-0.79%) and Silver is down 20Cents at 21.63 $/ounce (-0.93%).

At 9:30 GMT the UK CPI will add volatility on the British pound and the ZEW Survey at 10:00 GMT in Germany and in Eurozone will have an impact on the shared currency and on equities.

Interesting for emerging markets the interest rate decision by the TCMB in Turkey at 12:00 GMT.  Today in US markets will reopen and the most relevant data will be the release at 13:30 GMT of the NY Empire State Manufacturing.