28.07.15

Good morning,

In Asia the focus is on the Shanghai Index sees a sell off continue following yesterday’s 8.5% drop. At time of writing the Index has fallen a further 2% this is despite a ban on major shareholders selling for a 6 month period. Japanese Retail Trade figures are expected in the next 24 hours. USDJPY trading at 123.53

The NIKKEI closed at 20328.89 down 21.21 points or minus one tenth of one percent.

In Europe today we will see Swedish Retail Sales figures for June. USDSEK trading at 8.5178 In Italy we will see publication of Business and Consumer Confidence figures for July. British Gross Domestic Product figures are also awaited this session with GBPUSD trading at 1.5559 with a forecast of a 0.7% increase for the quarter. South African Unemployment figures are out this session, the unemployment rate is currently at 26.4% USDZAR trading at 12.6021

The FTSE100 was trading at 6541.65 while the DAX was trading at 11123.36 early in the session.

Across the Atlantic today we will see Canadian Industrial Product Price and Raw Material Price Index figures for June. USDCAD trading at 1.3020 In the US we will see the Redbook Index followed by the S&P/Case Schiller Home Prices Index. Markit figures and Consumer Confidence figures for July will then follow. EURUSD trading at 1.1069 USOIL trading at $47.22 per barrel at time of writing. Looking ahead to tomorrow the FED will announce their Interest Rate decision. The rate currently sits at 0.25%

The DOW closed at 17440.59 down 127.94 points or minus 0.73%

I hope you all have a nice day.