27.08.14

Good morning,

Asian markets will remain quiet on the data front today, Foreign Investments in Japanese stocks and bonds will be the main figures released in the next 24 hours for Japan. Thursday will see the release of Unemployment data, with expectations that the rate is set to remain at 3.7%, as well as the release of the Consumer Price Index, and household spending figures. USDJPY was trading at 103.91 at time of writing.

The NIKKEI was trading at 15534.82, up just 13.60 points or 0.09% for the session.

European markets see the common currency sees fresh lows against the USD overnight, with 1.3153 the session low thus far. German figures came in below forecasts this morning, with French Business Climate for August published in line with expectations. ECB President Mario Draghi’s comments recently have opened debate as to whether the European Central Bank will consider Quantitative Easing going forward. EURUSD was trading at 1.3186 at time of writing.

The FTSE100 was trading at 6823.91 while the DAX was trading at 9581.13

American figures due out this session will include the MBA Mortgage Applications, and the EIA Crude Oil stocks. US GDP figures are due out during tomorrow’s session with an expected reading of 4.0% up from -2.1% previously. The Initial Jobless figures are also out tomorrow. Friday will see Canada’s Gross Domestic Product figure. At time of writing USDCAD was trading at 1.0895

The DOW closed at 17106.70 up 29.83 points, for an increase of 0.17% for the day.

Hope you all have a nice day.