21.08.15

Good morning,

The Chinese Caixin Manufacturing PMI figures were out below the forecast of 47.7 in August with an actual reading of 47.1 Japan’s Nomura/ JMMA Manufacturing Purchasing Manager Index for the same month also came out below expectations at 51.9 for August. USDJPY trading at 122.83 New Zealand saw Visitor Arrivals figures were out at 5.7% with just over 3 million visitors year on year to July. NZDUSD trading at 0.6624

The NIKKEI closed at 19435.83 dropping 597.69 points or minus 2.98% for the session.

In Europe today Germany’s Gfk Consumer Confidence Survey for September was out at 9.9 below the 10.1 previous and expected figure. EURUSD trading at 1.1255 after reaching an 8 week high earlier this session. France and Germany’s Markit Services figures were also published this session. British Public Sector Net Borrowing figures for July will be announced this session with EURGBP trading at 0.7163

The FTSE100 was trading at 6328.30 while the DAX was trading at 10379.66 early in the session.

In the US and Canada today we will see Markit Manufacturing PMI figures out of the US and Consumer Price Index figures from Canada. USDCAD trading at 1.3079 with Retail Sales figures out of Canada also to be released. USOIL has traded lower to trade at $41.19 at time of writing. GOLD rose to $1168 before retracing back to the $1150 per ounce area at time of writing. CABLE was trading at 1.5714

The DOW closed at 16990.69 down 358.04 points or minus 2.06% for the session.

I hope you all have a nice weekend.