23/09/2013

In Asia the Nikkei closed down -0.16% and the Hang Seng -0.56% meanwhile the S&P/ASX200 -0.46%. In Europe the most of the attention was on Germany election that saw Angela Merkel coalition to obtain the biggest victory since reunification vote. Markets in Europe are not celebrating this event and the stability offered by Mrs. Merkel is offset by the fact that bailed out nations will probably stay under austerity measures. The Dax is up +0.17% and the EurUsd still trading above 1.35. The UsdJpy went below 99 and precious  metals are flat. In Germany the  Markit Service PMI went above the expected value of  51.9 with a value of 54.4. In USA last Friday the risk appetite decreased but the sentiment remains bullish following the FED decision to postpone tapering. The S&P500 lost -0.72% but still above 1700. The Nasdaq retraced just -0.39% . At 12.30 GMT will be released the Chicago Fed National Activity Index and at 12.58 the Markit Manufacturing PMI.