Economic News 25.11.14

Nov 25


  • BY:
  • November, 25th, 2014 7:45 +00:00

Good Morning,

IFO climate index surprised markets with stronger outcome than expected. ECB must consider all options on buying new assets and needs to look at the impact of existing programs,

they will meet next week to discuss.

BOJ is ready to expand stimulus further to meet its price goals, USDJPY closed at 117.78. At time of wrriting USDJPY at 117.91

Falling oil prices push down inflation expectations. Iraqi oil minister said oil prices at those levels are not acceptable and something needs to be done about it, some Analysts think crude oil could fall $10 if OPEC fails to calm markets.

AUD/USD closed 60 pips lower at .8615 and USD/CAD ended 40 pips higher at 1.1280. Currencies traded in narrow ranges due to light news flow.

Germany and USA publish Gross Domestic Product figures today, US consumer confidence is expected at 96.0. In The US Wall St. closed at 17817.90, the German stock at 9785.54, the Swiss at 9058.51. and in London at 6729.79

GBP Inflation report hearings this morning.

Have a great day NK.