19.06.15

Good morning,

The Bank of Japan released their monetary policy statement shows that monetary stimulus will be maintained, increasing base money at an annual pace of 80 trillion JPY with the 2% inflation target still in mind. USDJPY trading at 123.09 Japan’s Leading Economic Index for April was out at 14 up from 105.2 previously.

The NIKKEI closed at 20174.24 up 183.42 points or 0.92%

Europe will see Swedish markets closed for the Midsummer’s Eve holiday. The European EcoFin meeting is ongoing, with Greek concerns the main topic on the table. Euro Zone Current Account Balances out this session, following Germany’s worse than expected Producer Price Index figures for May were released early this session. British Public Sector Borrowing figures for May out today will round off the data on the calendar for the European session. EURGBP trading at 0.7129

The FTSE100 was trading at 6715.76 while the DAX was trading at 11172.76 early in the session.

Across the Atlantic today we will see a number of key figures out of Canada. Retail Sales for April and the Consumer Price Index reports for May. USDCAD trading at 1.2221 USOIL trading at $60.43 per barrel. Looking ahead to next week, Durable Goods Orders and Gross Domestic Product figures from the US will be the numbers to watch for. EURUSD trading at 1.1305

The DOW closed at 18115.84 following yesterday’s session, gaining 180.10 points or 1.00%

Hope you all have a nice weekend.