22.09.15

Good morning,

Japanese markets remain closed today for a Bank Holiday. Chinese Leading Economic Index figures for August were up 1.0% from 0.9% previously. Australian House Price Index figures were out for the second quarter and we saw a rise for 6.9% to 9.8% AUDUSD trading at 0.7151 at time of writing. Later this week New Zealand Trade Balance figures will be announced, and when Japanese markets reopen we will see foreign investment figures in stocks and bonds. USDJPY trading at 120.36

The NIKKEI ceased trading last week when the market was priced at 18070.21 dropping close to two percent the last day it opened.

In Europe this session already we have seen Finland’s Unemployment figures for August where the rate dropped slightly to 9.5% Swiss Trade Balance figures fell. EURCHF trading at 1.0876 Danish Retail Sales figures were down from previous figures year on year in August, while Consumer Confidence also fell. EURDKK trading at 7.4602 British Public Sector Net Borrowing figures out later this session as is the Industrial Trends Survey. GBPUSD trading at 1.5493

The FTSE100 was trading at 6069.94 while the DAX was trading at 9908.59 both selling off early in the session.

Across the Atlantic today we have not got a lot on the agenda aside from the Redbook Index, Housing Price Index and the Richmond Fed Manufacturing Index for September. EURUSD trading at 1.1183 USOIL trades at $46.03 per barrel at time of writing. Jobless Claims figures out on Thursday before the Gross Domestic Product figures are released on Friday could be interesting. The recent rise in the dollar over the past couple of days has been attributed to Fed members alluding to the possibility of a rate hike in December.

The DOW closed at 16510.19 yesterday; gaining 125.61 points or 0.77%

I hope you all have a nice day.