Nov 28


  • BY: Nati
  • November, 28th, 2013 8:45 +00:00

Japan’s NIKKEI hit their highest close in nearly 6 years, with the JPY weakening further against the USD after positive news for the American currency, and this was followed shortly after by the release of data from Japan before trading opened in Tokyo today. The pair is trading at 102.21 with a high of 102.25 and a low of 101.93 so far. Japan, backed by the US, and China are seeming to step up their dispute over islands in the East China Sea, with the United States going as far as to tell airlines to take precautions when flying in that area.

The NIKKEI closed at 15727.10 up 277.49 or 1.80%

European Politics had mixed news this week for Italian and German politicians. Germany’s Angela Merkel had a breakthrough in that her coalition have come to a deal and are ready to govern two months after the elections, while Italy’s Silvio Berlusconi has been expelled from the Italian Senate due to his recent tax fraud conviction. Germany’s Unemployment Rate and CPI figures along with European area Business Confidence and Economic Sentiment figures will be released today. Also around this time Bank of England Chairman, Mark Carney, will give a speech alongside the release of the UK Financial Stability Report.

The FTSE100 closed at 6648.02 down 1.45 or minus 0.02% while the DAX closed at 9364.92 up 13.79 points or 0.15%

The US markets are closed today for the Thanksgiving holiday. EURUSD was trading at 1.3600 with a high of 1.3610 and a low of 1.3563 so far. GOLD was trading at 1240 per ounce, down from close to 1700 at the start of the year. USOIL is trading at 92.24 dollars per barrel.

Have a nice day.