Aug 25


  • BY: Nati
  • August, 25th, 2015 8:29 +00:00

Good morning,

Yesterday saw the week starting off with markets down across Asia and the rout continued throughout the day with European and American markets following suit. USDJPY fell from the opening price yesterday of 121.74 reaching a low of 116.13 before recovering somewhat to 119.48 at time of writing. Chinese CB Leading Economic Index for July was out at 0.9% from 0.6% previously. The Australain CB Leading Indicator for the same month was out at -0.2% from 0.2% previously. AUDUSD trading at 0.7206

The NIKKEI closed at 17806.70 falling 733.98 points or minus 3.96% for the session.

In Europe this session Germany’s GDP figures and their IFO figures will be released. Other data out of the Economic Area will include Finnish and Swiss Unemployment figures and Sweden’s Producer Price Index for July. EURCHF trading at 1.0830 Hungary’s Central Bank will publish their Interest Rate decision today with EURHUF trading at 311.81 at time of writing.

The FTSE100 was trading at 6029.74 while the DAX was trading at 9889.00 early in the session.\

Across the Atlantic today we will see New Home Sales figures and the provisional Markit PMI figures for August along with the Redbook Index. EURUSD trading at 1.1533 As mentioned the American Indices fell over 3% during yesterday’s trading session, and it will be interesting to see if they can recover some of those losses today. The drop has led to a revision of some expectations regarding the FED Interest Rate hike. Durable Goods Orders for July out tomorrow, with GDP and Consumption Expenditures on Thursday. USOIL was trading at $39.25 per barrel.

The DOW closed at 15871.35 down 588.40 points or minus 3.57% from the previous close.

I hope you all have a good day.