24-04-13

Australian Treasurer Wayne Swan has hinted that Australia has room to cut interest rates today. Inflation in Australia has decreased by 0.3%. The AUD/USD is now trading at 1.0253 with a high of 1.0273 and a low of 1.0230 so far. Asian markets are up this morning with the NIKKEI closing at 13843.50 up 313.81 points or 2.32%

PMI figures yesterday from Germany saw the EUR lose value against the USD, dropping below $1.30. Recent comments from ECB officials has led to expectations and speculation that the record low interest rate of 0.75% could be further cut to try to simulate he Euro Zone economy. EUR/USD was trading at 1.3006 with a high of 1.3010 and a low of 1.2988 so far.

The FTSE100 closed at 6406.12 up 125.50 points or 2.00% The DAX closed at 7658.21 up 180.10 points or 2.41%

An Associated Press Twitter account which had been hacked and then posted about explosions in the White House, which injured Obama, led to a 1% drop on the S&P500 index yesterday. The socks recovered when it was announced there had been no explosions. The price dropped from 1577 to 1653 and then recovered in about a five minute time span. CABLE was trading at 1.5245 with a high of 1.5256 and a low of 1.5226 so far.

The DOW closed at 14719.50 up 152.29 points or 1.05%

Have a nice day.