Nov 22


  • BY:
  • November, 22nd, 2013 9:04 +00:00

Good morning,

Yesterday US equities rebounded and was important for the DJIA  to close above 16000 points and would be much more important to close the trading week above that psychological level. It ended at 16010, up 109.17 points (+0.69%). The S&P500 closed at 1795.85, up +14.48 points (+0.81%) and the Nasdaq gained  +47.88 points (+1.22%) at 3969.16.  The S&P500 is up more than 25% year to date with the best performance in a decade.

In Asia the Nikkei consolidated above 15000 points at 15381.7 (+0.1%), up +16.12 points. In Hong Kong the Hang Seng index gained +115.99 points (+0.49%) at 23696.3 thanks to the Chinese shares traded on the exchange  and in Australia the ASX rised +47.59 (0.90%) to 5335.91. Thank to monetary easing the Topix index in Japan gained +45% YTD.

In Europe at 8:39 GMT equities are in positive territory and the STOXX50 is gaining +12.81 points at 3057.15 (+0.42%). In Germany the DAX is trading at 9220.34, up +24.26 points (+0.26%) and in UK to FTSE100 is at 6706.61 with a gain of +24.26 points (+0.26%).

In the currency market, the UsdJpy is struggling to gain 101 area after Bank of Japan Governor Kuroda said during a speech in the parliament that the national currency is not “excessively weak”. UsdJpy is at 101.01 (-0.13%) and the EurUsd is trading at 1.3493 (+0.09%). GbpUsd  is just above 1.62 at 1.6202 (+0.02%). The Australian dollar is losing ground against both the Japanese Yen and the Greenback.  AudUsd is trading at 0.9183 (-0.53%) and the AudJpy at 92.77 (-0.65%).

Metals are trading in a narrow range and Gold is at 1244.91 $/ounce (+0.19%) and Silver is trading below 20 $/ounce at 19.93 (-0.06%).

Crude Oil  is losing 0.34$ at 95.10 $/barrel (-0.36%) and Natural Gas is up +0.02$ at 3.73 $/BTU, (+0.54%).

At 9.30 GMT in Uk will be released GDP data and at 13:30 in Canada CPI index data will be a market mover for the loonie dollar.

In US the the economic calendar will be poor of events and the financial community will be focused on market behaviour of the indices.

Have a good weekend.