19.11.13

The Conference Board Australia leading Index released figures last night which showed an increase for the month of September from a -0.2% to 0.3%. AUDUSD is trading at 0.9440 with a high of 0.9445 and a low of 0.9351 so far. The pair gained 60 pips on release of the figures. Chinese figures showed direct investment flows were up 5.8% for the year so far equating to close to US$100B invested there year to date. There are reports of a 5.7-magnitude earthquake in eastern Japan, following last week’s 5.5 magnitude earthquake near Tokyo.

The NIKKEI closed at 15126.60 down 37.74 points or minus 0.25%

European markets will be looking towards the ZEW Survey figures this morning, Italian Industrial figures will be out an hour beforehand. Italy’s Economic Minister, Fabrizio Saccomanni announced a spending cut plan to save €32B by year end 2016. The aim, Saccomanni said, is to create savings of 2 percent of GDP in the three year period. CABLE is trading at 1.6107 with a high of 1.6127 and a low of 1.6096 so far. Tomorrow sees Bank of England meeting minutes and voting figures released.

The FTSE100 closed at 6696.24 down 27.22 or minus 0.40% while the DAX closed at 9206.38 down 19.05 points or minus 0.21%

American markets are not expecting much fundamental data released today, the Redbook Index and the employment cost index data will be out this afternoon. There will be speeches from Charles L. Evans of the Federal Reserve Bank of Chicago, and from Treasury Secretary Jacob Lew this afternoon. EURUSD was trading at 1.3514 with a high of 1.3542 and a low of 1.3499 so far. The S&P 500 breached 1800 briefly yesterday an all time high.

The DOW closed at 15976.00 up 14.32 up 0.09%

Hope you all have a nice day.