24 09 2013

Equity indices in USA yesterday lost ground and the S&P500 closed just above 1700 at 1701 with a performance of -0.47%. Nasdaq(-0.25%) at 3765  and the Dow (-0.32%) lost less. Asian equity markets drift lower  with Nikkei at -0.07% and Hangseng -0.76%. The EurUsd is trading above 1.35 and traders are wondering when the Federal Reserve will start to cut its asset buying following last week decision to maintain the program at $85 billion a month. UsdJpy is trading below 99 and the GbpUsd is consolidating above 1.6. Crude oil on NYMEX is unchanged at -0.08% but is heading to 100$ per barrel.  This morning at 8 GMT the IFO Institute will release for Germany the figures regarding the Current Assessment, Expectations and Business Climate. In North America there will be the retail sales in Canada (12.30GMT) and in USA  the Redbook index at the same time. Then the Case-Shiller Home Prices indices (13.00 GMT) and last but not least the Consumer Confidence at 14GMT. In Europe equities are expected to open slightly positive. Precious metals are trading flat and Gold is trading at 1324$ an ounce.