Feb 24


  • BY: Nati
  • February, 24th, 2015 8:45 +00:00

Good morning,

Chinese markets will reopen tomorrow following the New Year’s holiday. The Japanese Corporate Service Price for January came in below the 3.6% expected, at 3.4% USDJPY trading at 119.26 at time of writing. A range of figures from Japan expected Thursday, including unemployment rate and Consumer Price Index figures.

The NIKKEI was trading at 18,603.48 up 136.56 points for a 0.74% gain.

In Europe today we saw the German Gross Domestic Product figures for the 4th Quarter released in line with expectations. Euro Zone Consumer Price Index figures and ECB President Mario Draghi speaking later this session the other European events to watch. EURUSD trading at 1.1314 Turkish Interest Rate decision takes place today, with the current rate at 7.75% some analysts expect a 25 basis point cut. USDTRY trading at 2.487 at time of writing. With the Hungarian Interest Rate decision also due to be announced today.

The FTSE100 was trading at 6913.58 while the DAX was trading at 11130.92 early in the European session.

Across the Atlantic today we see US Consumer Confidence for February followed by FED Chair Janet Yellen’s testimony to the Senate Banking Committee. Bank of Canada Governor Stephen Poloz speaks from Ontario. USDCAD trading at 1.2620. Consumer Price Index figures from both the US and Canada out this Thursday.

The DOW closed at 18116.84 down 23.60 points or minus 0.13%

Hope you all have a nice day.