Jun 27


  • BY: Nati
  • June, 27th, 2013 8:08 +00:00

Chinese stocks have steadied following a rough two days. Shares opened higher for the first time this week. Australia’s Julia Gillard has lost control of the Australian Labor Party. She has lost the leadership by a vote of 57 to 45 to Kevin Rudd. Rudd has been sworn in as Prime Minister. Gillard said she will not contest in the forthcoming elections on the 14th of September. AUD/USD was trading at 0.9300 with a high of 0.9337 and a low of 0.9269 so far. Tonight Japanese CPI and Industrial Production numbers will be announced.

The NIKKEI closed at 13213.50 up 379.54 or 2.96%

European Economic sentiment and British GDP figures will be released today. EU Finance Ministers have agreed new European rules on how to share the cost of bank failures. The plan that shareholders, bondholders and depositors with more than 100,000 euros contribute if a bank runs into trouble could be met with criticism, especially if you fall into any of the categories mentioned. EUR/USD was trading at 1.3028 with a high of 1.3040 and a low of 1.3004 so far.

The FTSE100 closed at 6186.90 up 21.42 or 0.35% while the DAX closed at 7933.14 down 7.85 or minus 0.10%

US jobless claim figures and Personal Income and Outlay numbers will be released later on. Growth expectations in the United States have been cut back across the board, with the exception of home construction and government spending. GDP grew at 1.8%, less than the 2.4% expected, while consumer spending was at 2.6% lower than the 3.4% that have been estimated. CABLE was trading at 1.5327 with a high of 1.5345 and a low of 1.5306 so far. USD/JPY was trading at 98.11 with a high of 97.36 and a low of 97.56 so far.

The DOW closed at 14910.10 up 149.83 or 1.02%

Have a nice day.