31.10.14

Good morning,

Asian markets saw the Bank of Japan decide it would increase purchases of Japanese government bonds so that its holdings increase at an annual pace of 80 trillion. USDJPY trading at 111.23 an increase of nearly 200 pips following the news. The BOJ kept their base interest rate at 1%

The NIKKEI was trading at 16413.76 up 755.56 points, gaining 4.83%

In Europe this morning we saw German Retail Sales figures falling in the month of September, but on a yearly basis the sales figures are up. Consumer spending (-0.8% vs. -0.3% expected) and Producer Price (0.5% vs.-0.1% expected) figures in France for September were released this session. Italian and Norwegian Unemployment data are announced this session also. USDNOK trading at 6.7070 The Euro Zone and Italian Consumer Price Index figures are also out this session.

The FTSE100 closed at 6463.55 while the DAX finished trading at 9114.84 yesterday.

Canada will see GDP figures for the month of August, with no growth expected. USDCAD trading at 1.1205 ahead of this and the US Personal Spending data due out at the start of the American session. The Reuters/Michigan Consumer Sentiment Index and the Chicago Purchasing Managers Index will also be out later in the US session. EURUSD trading at 1.2541 at time of writing. GOLD dropped sharply this session. Trading at $1167 per ounce at the low so far.

The DOW closed at 17195.42 up 221.11 points, or 1.30%

Hope you all have a nice weekend.