21/11/2013

Good morning,

Yesterday equities in US lost ground from their 2013 (or all time for some gauges) tops and the release of the FED minute was the catalyst that brought down the markets because before indices were trading in positive territory. The FED $85 billion of monthly bond purchases is likely to be reduced as the US economy gave positive signals.  The DJIA lost -66.21 points at 15900.8 (-0.41%). The S&P500 closed  at 1781.37, down -6.5 points (-0.36%) and the Nasdaq index ended the trading session at 3921.27, losing -10.28 points (-0.26%). In Asia the depreciation of the Japanese Yen brought optimism to the equity market and the Nikkei  closed up +289.52 points at 15365.6 (+1.92%).  Other Asian markets were affected negatively by the Chinese manufacturing data and the Hang Seng in Hong Kong closed at 23580.3, down -120.57 points  or (-0.51%).  In Australia the ASX200 lost  -19.35 points at -0.36%.

At 8:46 GMT in Europe  the STOXX50 is losing -29.13 points at 3018.19 (-0.89%). The FTSE100 is trading at 6646.02, down -35.06 points (-0.52%).  In Germany the DAX is in negative territory as well at  9131.17, down -70.9 (-0.77%).

In the currency market the most relevant news is the weakness of the Japanese Yen. UsdJpy is trading at 100.71  (+0.69%). EurJpy at 135.27 (+0.64%) and AudJpy is trading at 93.63 (+0.3%).  The EurUsd  lost again 1.35 area after yesterday sharp drop and now is trading at 1.3431. GbpUsd  is just above 1.61 at 1.6102 (-0.03%).

Gold today us trading in a narrow range compared yesterday selloff and is gaining 2.58 $ at 1246 $/ounce (+0.21%). Silver is trading below 20$/ounce at 19.90$/ounce (+0.23%).

Crude oil is unchanged at 93,34 and Natural Gas is at 3.67 $/BTU (-0.27%).

Important data release in Europe at 8:58 GMT with Markit Data regarding Eurozone Services and Manufacturing.

At 13:30 GMT in US  data regarding the job market with the jobless claims and production price index are going to be released.