31.08.15

Good morning,

In Asia we see the week beginning with another sell off. Japanese Industrial Production figures for July were out below expectations overnight. Housing Starts and Construction Orders also fell in Japan for July. USDJPY trading at 121.22 In Australia we see that Private Sector Credit rates rose, while New Home Sales fell. AUDUSD trading at 0.7145 Later this week the Reserve Bank of Australia will announce their Interest Rate decision. The rate currently stands at 2.0%

The NIKKEI closed at 18890.48 dropping 245.84 points or falling 1.28% on last week’s close.

The UK markets remain closed for the summer bank holiday. German Retail Sales figures showed some improvements in July. EURGBP trading at 0.7282 Danish Unemployment figures are down with the rate falling from 4.8% to 3.9% In Switzerland the KOF Leading Indicator will be published. USDCHF trading at 0.9613 Italy will release Retail Sales figures, with the Consumer Price Index from both Italy and the Euro Zone also out later this session.

The FTSE100 was trading at 6247.94 while the DAX was trading at 10245.92 in the morning session.

Across the Atlantic today we will see Canada’s Current Account figures and the Chicago Purchasing Manager’s Index out of the US. USDCAD trading at 1.3250 Later this week we will see updated Unemployment Rate figures on Friday. USOIL has recovered some of the recent losses and the current price per barrel is $44.81 GOLD is trading at $1133 per ounce.

The DOW was at 16643.01 at the closing bell last week.

I hope you all have a nice week.