Jul 28


  • BY: Nati
  • July, 28th, 2014 7:31 +00:00

Good morning,

Going into this week we are expecting low volumes in Asia and Europe today due to lack of data due out in both these regions. Russian and Ukrainian tensions remain high following the air disaster, and Europe prepares sanctions in response.  Italian Business Confidence figures, and British Mortgage Approvals are the European releases of interest today, with EURGBP trading at 0.7910 at time of writing.

The NIKKEI was trading at 15529.40 up 71.53 points, an increase of 0.46% while the FTSE 100 closed last week at 6791.55, the DAX closed out at 9644.01

Across the Atlantic the US Market will see the Markit Services and Composite PMI figures, along with pending home sales figures. Tomorrow and Wednesday we await the FED Reserve meeting results with the announcement of the Interest Rate decision due out Wednesday. GDP figures for the second quarter are also due out the same day, while Unemployment data and the Non-Farm Payrolls figures will be out Friday. EURUSD was trading at 1.3431 back at November 2013 levels. GOLD is trading at $1305 per ounce at time of writing.

The DOW closed at 16960.57 down 123.23 points, or minus 0.72%

Hope you all have a good week.