24.10.13

Oct 24

FUNDAMENTAL ANALYSIS BY NSFX 24.10.2013

  • BY: Nati
  • October, 24th, 2013 7:51 +00:00

Foreign investments in Japanese stocks doubled, increasing from 145B JPY to 298B JPY. New Zealand figures were positive, exports and imports both better than expected although the country still runs a trade deficit. NZD/USD was trading at 0.8411 with a high of 0.8443 and a low of 0.8404 so far. Japanese Consumer Price Index figures will be released 23.30 GMT Expected to remain unchanged at 0.9%

The NIKKEI closed at 14486.40 up 60.36 points or an increase of 0.42%

Spanish unemployment figures, PMI figures for the Euro-Zone, Germany and France are all out this morning. CABLE was trading at 1.6173 with a high of 1.6222 and a low of 1.6162 so far. This afternoon BoE Chairman, Mark Carney, will make a speech at 16:45 GMT. While tomorrow will see British GDP figures released.

The FTSE100 closed at 6674.48 down 21.18 points or minus 0.32% while the DAX closed at 8919.86 down 27.60 points or minus 0.31%

Initial Jobless Claims figures, PMI and New Home Sales figures are all released in the US today. Politically the Syrian and Iranian issues are causing tension with Saudi Arabia the world’s number one oil producer. The Arab state seemingly has begun to shift focus from close ties to the US towards possible Egyptian or Russian deals in lieu of US support. OIL was trading at $97.33 per barrel.

The DOW closed at 15413.30 down 54.33 points or minus 0.35%

Have a nice day.