29.09.15

Good morning,

Asian stocks fell to almost a three year low; with the Nikkei down by 4% USDJPY trading at 119.73 The JPY was stronger against all 16 major peers, while the AUD and NZD both dropped. AUDUSD trading at 0.6973 while NZDUSD trades at 0.6340 In the nest session we will see Australian and New Zealand Building Permits for August along with Japan’s Retail Trade and Industrial Production figures.

The NIKKEI closed at 16930.84 dropping 714.27 points or 4.05% off the previous close.

Germany announced their Import Price Index figures for August and they were in line with expectations. Danish Industrial Outlook for September was down on the previous figure with EURDKK trading at 7.4606 Hungary will announce their Unemployment Rate with Spanish Retail Sales figures due out the same time. EURHUF trading at 314.90 British Lending and Mortgage Approval figures for August are also out in the European session. GBPUSD trading at 1.5177 Germany and Belgium both take a look at their Consumer Price Index figures later this session. Mark Carney of the Bank of England is scheduled to speak today. EURGBP trading at 0.7408

The FTSE100 was trading at 5908.38 while the DAX was trading at 9420.34 early in the session.

Across the Atlantic Canada will see Industrial Product Price and Raw Material Price figures for August. In the United States we will see the Redbook Index, the S&P/Case-Schiller Home Prices Index and then the Consumer Confidence figures. USDCAD trading at 1.3408 a level not seen since mid-2004 EURUSD trading at 1.1258 while USOIL is trading at $45.01 per barrel.

The DOW closed at 16001.89 following yesterday’s session, down 312.78 points or minus 1.92% from the previous close.

I hope you all have a nice day.