29.07.15

Good morning,

Japanese Retail Sales figures for June were higher than had been expected, out at 0.9% when a 0.5% rise had been expected year on year. USDJPY trading at 123.72 Foreign Investment figures are out during the next session in Tokyo. New Zealand Building Permits for June can be looked at later with Australian Building Permits figures released shortly after. AUDNZD trading at 1.0932

The NIKKEI closed at 20302.91 down 25.98 points or minus 0.13%

In Europe this session we started with the Gfk Consumer Confidence Survey out of Germany which was out in line with expectations. French Consumer Confidence and the UBS Consumption Indicator figures for June followed, with Retail Sales figures from both Denmark and Spain also out this session. EURUSD trading at 1.1054 Britain will announce Consumer Credit and Mortgage Approval figures for June with CABLE trading at 1.5600

The FTSE100 was trading at 6580.85 while the DAX was trading at 11144.22 early in the session.

Across the Atlantic today the hot topic is the FED Interest Rate decision. Most analysts are of the opinion that the next move is for an increase from the 0.25% currently but not necessarily at today’s meeting. Other figures out before the FED decision includes June’s Pending Home Sales figures, and EIA Crude Oil Stocks change figures. USOIL trading at $47.82 per barrel.

The DOW closed at 17630.27 gaining 189.68 points or 1.09%

I hope you all have a nice day.