20.08.15

Good morning,

Japanese Foreign Investment figures were out overnight showing an increase in bond investment while there was a decrease in stock investment. USDJPY trading at 124.08 The Nomura/JMMA Manufacturing Purchasing Manager Index will be published in the coming 24 hours. New Zealand visitor arrivals figures will give an indication as to how the tourism industry is doing. NZDUSD trading at 0.6600

The NIKKEI was trading at 20033.52 down 189.11 points or minus 0.94%

German Producer Price Index figures for July were out this session, beating expectations by a small margin. Switzerland saw an increase in exports and a drop in imports which in turn saw a slight improvement on their Trade Balance figures in July. EURCHF trading at 1.0733 The Scandies this morning see some action, with Danish Retail Sales figures Sweden’s Unemployment Rate and Norwegian GDP figures all out before British Retail Sales figures are released for July. EURGBP trading at 0.7100

The FTSE100 was trading at 6380.38 while the DAX was trading at 10622.92 both in the red early in the session.

In the US today Jobless Claims figures are the first release for the session. Existing Home Sales figures for July, the CB Leading Indicator and the Philadelphia Fed Manufacturing Survey for July will follow. EURUSD trading at 1.1123 following FOMC meeting minutes indicated that the Fed is still looking to have more confidence in the inflation outlook before raising rates. USOIL has printed a fresh 6 year low, currently trading at $41.07 per barrel.

The DOW closed at 17348.73 down 162.61 points or minus 0.93%

I hope you all have a nice day.