During the early trading session, Asian stocks traded higher as sentiment is boosted over the outlook of the Japanese economy. The Bank of Japan’s monthly report provided an analysis of the country’s economic conditions. Bank officials acknowledged industrial production and exports are picking up and that the economy is expected to continue its moderate recovery trend. The Nikkei share average was up 0.75%, closing at 19,937 points, a fresh 15 year high for the Tokyo stock market index.
The Euro is trading with bearish sentiment against the Dollar and the Yen following a negative report from Germany showing that the Trade balance for the month a February showed a worse than expected reading. The difference between exported and imported goods came out at 19.7B, below the forecast figure of 20.1B. Furthermore, market spectators remain cautious as Greece is yet to reach an agreement with its creditors, as the deadline of next Thursday closes in.
Yesterday the Dollar index rose to one week highs following the FOMC Meeting Minutes. Fed officials stated that they could raise interest rates in June if economic data over the next two months continues to show improvements across the spectre. Currency traders are now awaiting the release of the Initial Jobless Claims taking place later today.
The price of oil plunged to $50/barrel following a report showing that Crude oil inventories was significantly higher than the forecast figure of 3.429M. The number of barrels of commercial Crude held by U.S. firms stood at 10.949M, this data could signal a much higher supply in comparison to the demand.
Todays Main Events (GMT) 06:00 -JPY- BoJ Monthly Report 07:00 -EUR- German Industrial Production (MoM) (Feb) 07:00 -EUR- German Trade Balance (Feb) 08:00 -GBP- Halifax House Price Index 09:30 -GBP- Trade Balance (Feb) 12:00 -GBP- Interest Rate Decision (Apr) 13:30 -USD- Initial Jobless Claims 13:30 -CAD- Building Permits (MoM) (Feb) 13:30 -CAD- New Housing Price Index (MoM) (Feb)
Daily Market News April 9th 2015
During the early trading session, Asian stocks traded higher as sentiment is boosted over the outlook of the Japanese economy. The Bank of Japan’s monthly report provided an analysis of the country’s economic conditions. Bank officials acknowledged industrial production and exports are picking up and that the economy is expected to continue its moderate recovery trend. The Nikkei share average was up 0.75%, closing at 19,937 points, a fresh 15 year high for the Tokyo stock market index.
The Euro is trading with bearish sentiment against the Dollar and the Yen following a negative report from Germany showing that the Trade balance for the month a February showed a worse than expected reading. The difference between exported and imported goods came out at 19.7B, below the forecast figure of 20.1B. Furthermore, market spectators remain cautious as Greece is yet to reach an agreement with its creditors, as the deadline of next Thursday closes in.
Yesterday the Dollar index rose to one week highs following the FOMC Meeting Minutes. Fed officials stated that they could raise interest rates in June if economic data over the next two months continues to show improvements across the spectre. Currency traders are now awaiting the release of the Initial Jobless Claims taking place later today.
The price of oil plunged to $50/barrel following a report showing that Crude oil inventories was significantly higher than the forecast figure of 3.429M. The number of barrels of commercial Crude held by U.S. firms stood at 10.949M, this data could signal a much higher supply in comparison to the demand.
Todays Main Events (GMT)
06:00 -JPY- BoJ Monthly Report
07:00 -EUR- German Industrial Production (MoM) (Feb)
07:00 -EUR- German Trade Balance (Feb)
08:00 -GBP- Halifax House Price Index
09:30 -GBP- Trade Balance (Feb)
12:00 -GBP- Interest Rate Decision (Apr)
13:30 -USD- Initial Jobless Claims
13:30 -CAD- Building Permits (MoM) (Feb)
13:30 -CAD- New Housing Price Index (MoM) (Feb)
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