23.06.14

Good morning,

HSBC Manufacturing Purchasing Managers Index figures for China came out higher than had been expected, at 50.8. The Japanese Manufacturing PMI also was published in positive territory with a reading of 51.1 up from 49.9 on the second of June. JPY gained against crosses with CHFJPY currently trading at 113.80

The NIKKEI was trading at 15369.28 up 19.86 or 0.13% overall towards the end of the Asian session.

European Markit Manufacturing and Services figures are out for the Euro Zone, Germany and France. French figures came in below expectations, as were the German figures. This could see a decline in the value of the Euro over the short term. EURUSD was trading at 1.3592 at time of writing, while EURGBP was trading at 0.7981

The FTSE100 was trading at 6794.50 while the DAX was at 9900.83 down 86.41 points or minus 0.87%

US figures due out today will include the Chicago FED Activity Index, and the Markit Manufacturing PMI. Home sales figures are also due out this session. GOLD gained ground last week to trade at $1315 per ounce this session, with Russian, Syrian and Iraqi worries possibly heightening trader’s tensions. Oil prices have also been affected due to the ongoing situation in the Ukraine where fighting is ongoing, however media outlets have been more focused on the Iraqi situation due to the more real possibility of direct US intervention.

The DOW closed out last week on 16947.08 up from 16781.01 at the open of the week.

Hope you all have a good week.