Oct 28


  • BY:
  • October, 28th, 2013 9:00 +00:00


Good Morning,


The trading week started well in Asia. The MSCI Asia Pacific Index gained 0.7 percent to 142.32 after it fell 1.5 percent last week. The Nikkei (+2.19%)  at 14396, up 307.86 points  outperformed other indices. The financial community is confident that Prime Minister Shinzo Abe policies will lead the country out of the deflationary environment. The Hang Seng index in Hong Kong closed at 22829.7 (+0.58%), up +131.38 points and in Australia the ASX closed at five year high at 5441.41 , up +55.06 (+1.02%). In Europe at 7:23 GMT the Stoxx50 is down -4.46 points (-0.15%) at 3034.5 and in Germany the DAX is up +5.11 points (+0.06%) at 8985.74.  In UK the FTSE100 (+0.12%), is trading at 6721, up +8.16 points. There is no important macro data from Europe today and markets are focused on the Industrial Production data in US that is going to be released at 13:15 GMT. A value below the forecast could bring optimism to the equity markets and estimate that the Federal Reserve will maintain liquidity in the market. In the currency market the EurUsd (+0.08%) at 1.3812 is quite calm and the same is true for the UsdJpy (+0.19%) at 97.59. The GbpUsd is trying to conquire 1.62 and is trading at 1.6195 (+0.19%).  Gold is flat at 1350 and Silver is up at 22.56 (+0.16%).