During today’s early trading session, Asian markets were mixed after weak data out of China. The yearly CPI, monthly CPI and yearly PPI all showed lower than expected figures. The Nikkei share average ended 0.33% lower and closed at 17,652, whilst the Hang Seng Index was up slightly by 0.03%. Following the release of the positive Australian House price index, the AUD strengthened against the Dollar during early trade.
European stocks are trading higher after Greece has today offered a compromise in regards to the existing bailout agreement. Finance Minister Yanis Varoufakis said Greece will “implement about 70 percent of reforms already included in the current bailout accord”. DAX is up by 0.91% and France’s CAC 40 is up by 1.1%. The British pound is also trading higher against the Euro following the release of the U.K. monthly Manufacturing Production showing a 0.1% increase.
During early U.S. trade, the Dollar continued to trade higher against a basket of major currencies as concerns about Greece’s future in the EU remained. Traders are keeping a close eye on the negotiations over the country’s debt and bailout. Later today, the U.S. is to release the JOLTs Job openings, a higher than expected figure could strengthen the Dollar further.
February 10, 2015- Daily Market News
During today’s early trading session, Asian markets were mixed after weak data out of China. The yearly CPI, monthly CPI and yearly PPI all showed lower than expected figures. The Nikkei share average ended 0.33% lower and closed at 17,652, whilst the Hang Seng Index was up slightly by 0.03%. Following the release of the positive Australian House price index, the AUD strengthened against the Dollar during early trade.
European stocks are trading higher after Greece has today offered a compromise in regards to the existing bailout agreement. Finance Minister Yanis Varoufakis said Greece will “implement about 70 percent of reforms already included in the current bailout accord”. DAX is up by 0.91% and France’s CAC 40 is up by 1.1%. The British pound is also trading higher against the Euro following the release of the U.K. monthly Manufacturing Production showing a 0.1% increase.
During early U.S. trade, the Dollar continued to trade higher against a basket of major currencies as concerns about Greece’s future in the EU remained. Traders are keeping a close eye on the negotiations over the country’s debt and bailout. Later today, the U.S. is to release the JOLTs Job openings, a higher than expected figure could strengthen the Dollar further.
Todays events:
9:30 GMT -GBP – Manufacturing Production
15:00 GMT – USD – JOLTs Job Openings.
23:30 GMT – AUD – Westpac Consumer Sentiment
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