Feb 29


  • BY:
  • February, 29th, 2016 18:49 +00:00

Good evening,

US indices are off their intraday highs and the DJIA is gaining 33.32 points at 16,673.29 (+0.20%).  The Chicago PMI at 47.6 was below the expectations (52). Pending Home Sales data at -2.5% was also below the analysts consensus (+0.7%).

Crude Oil is below the month high but is gaining 95 cents at 33.73 $/barrel (+2.90%).  Gold is gaining 11.6$ at 1,232 $/oz (+0.95%). In the FX market EurUsd is losing 137 pips to 1.0875 (-1.26%) and UsdJpy is down 104 pips at 112.92 (-0.92%) .

The most relevant event of the Asian session will be the Chinese Non Manufacturing PMI at 01:00 GMT and then will be the turn of the Reserve Bank of Australia with the Interest Rate Decision and Rate Statement as well at 03:30 GMT. The European session will open with the Swiss Retail Sales data at 08:15 GMT.

(18:48 GMT).