30.06.14

Good morning,

Japan saw data on housing starts declining, and vehicle manufacturing increasing. The sales tax in April has contributed to the decline in factory output and this has not recovered in line with expectations. April saw a 2.8% decline according to the Ministry of Economy, Trade and Industry. May saw an increase in factory output by just 0.5% below the 0.9% which had been expected. USDJPY is trading at 101.40 at the time of writing. Tomorrow will see the Australian interest rate decision which is expected to remain unchanged at 2.5%

The NIKKEI was trading at 15162.10 up 67.10 points an increase of 0.44%

European data out today will include the important Consumer Price Index figures. British mortgage approval figures expect in the region of 62k approved mortgages in May. Italian Producer Price Index for May and Greek Retail Sales figures for April are also out this session. Wednesday will see the GDP figure for the Euro Zone announced, with the ECB interest rate decision given on Thursday’s session.

The FTSE100 was trading at 6771.43 while the DAX was at 9876.34 both opening in the green this week.

Thursday will see Non-Farm Payroll announcements and the unemployment rate for the US before the Long Independence Day Weekend celebrated on Friday. FED Chair Janet Yellen is due to speak during Wednesday’s session. Today will see home sales figures and Canadian GDP is expected to be out at 0.2% up from 0.1% USDCAD was trading at 1.0681 at time of writing.

The DOW closed last week at 16851.84

Hope you all have a good week.