Oct 23


  • BY: Nati
  • October, 23rd, 2013 7:02 +00:00

Asian markets fell following a hike in China’s benchmark rate. The JPY gained strength against most pairs while the AUD fell from a four month high against the USD. AUD/USD was trading at 0.9645 off a high of 0.9755 and touching a lot of 0.9630 so far. Australian CPI figures were released and came out better than expected.

The NIKKEI closed at 14426.00 down 287.20 points or minus 1.95%

European figures for today include the Bank of England minutes at 8.30 GMT. Bond sales are taking place today in Germany and Italy this morning, as German politicians are negotiating how the new coalition government is to take policy forward.

The FTSE100 closed at 6695.66 up 41.46 points or 0.62% while the DAX30 closed at 8947.46 up 80.24 points or 0.90%

US Non-Farm Payrolls out yesterday was the main event as expectations were missed and the 148,000 additional jobs last month was well shy of the 180,000 that had been expected. The unemployment rate in the US dropped to 7.2%. Tapering of Federal Reserve bond buying could be some while off according to some market analysts. The EUR/USD was trading at 1.3773 with a high of 1.3792 and a low of 1.3762 so far.

The DOW closed at 15467.70 up 75.46 points or 0.49%

Have a nice day.