May 30


  • BY: Nati
  • May, 30th, 2014 7:25 +00:00

Good morning,

Asia saw data out of Japan showing their overall Consumer Price Index at 3.4%, with a steady 3.6% Unemployment rate for April. However Industrial Production figures are decreasing and household spending decreased by 4.6% perhaps a result of the recent sales tax increase. USDJPY was trading at 101.63 at time of writing.

The NIKKEI was trading at 14632.38 down 49.34 points, a decline of 0.34%

European markets saw German retail sales figures release, with the Swiss KOF indicator due shortly. Italian and Greek Producer Price figures and Italian Consumer Price Index data is due for release this session. USDCHF is currently trading at 0.8974 EURUSD has dropped from the high on the 8th of this month, when it traded close to $1.40 per Euro to currently trade at 1.3610

The FTSE100 closed at 6871.29 up just 20.07 points or 0.29% while the DAX closed at 9938.90

Coming to the end of a week with low trading volume we see Canadian GDP figures this session. USDCAD is currently trading at 1.0839 with a reading of 1.8% expected for the quarterly reading, down from a 2.9% result last quarter. US markets await the consumption spending and personal income figures along with the Reuters/Michigan Consumer Sentiment Index to finish the week. GOLD has sold off over the last couple of sessions to a current price of about $1258 per ounce.

The DOW closed at 16698.74 up 65.56 points or 0.39%

Hope you all have a good weekend.