During today’s early trading session, Asian markets traded higher following gains in financial stocks, furthermore, Sony profited off the back of a concrete business plan. The Nikkei share average reached its highest level in 15 years and by up by 0.36%, closing at 18,264. Following the FOMC Meeting Minutes and a number of positive reports from Japan, the Yen strengthened against the Dollar. Fed officials stated that there will be a short delay in raising interest rates this year, furthermore, Japanese data showed that Trade balance and exports came out better than expected. The yen is currently trading lower against the Dollar as the price rebounded after the BoJ monthly report indicated mild concerns over the future outlook of the economy.
During the European session, the Euro is trading lower against the Dollar after yesterdays gains following the FOMC meeting minutes. The Euro weakened today after negative reports from France added to current concerns regarding the European economy. The French CPI, monthly and yearly HICP all showed lower than expected figures. Currency traders now await a number of economic events to be released tomorrow, including, the German Manufacturing PMI and PPI, the European Markit Composite PMI and Service PMI and the British Retail sales for the month of January.
During today’s early U.S. session, American stocks traded lower as concerns over Greece continued to dominate the markets. The current €240 billion debt bailout is due to expire on February 28th, if an extension is not reached by that date, it could cause the nations exit from the European Union. DOW Industrial is down by 0.24% and S&P 500 is down by 0.10%. Today the Dollar made gains but is trading cautiously after policy makers stated that rate hikes will be delayed till later in the year, furthermore, mixed U.S. data released today showed that the Philadelphia Fed Manufacturing Index reported a 5.2 reading, significantly lower that the expected figure of 9.3, on the other hand Initial Jobless claims came out positive, showing a lower than expected figure of 283k
Todays Main Events
13:30 GMT – USD – Initial Jobless claims
15:00 GMT – USD – Philadelphia Fed Manufacturing Index
16:30 GMT – EUR – German Buba President Weidmann speaks
February 19, 2015- Daily Market News
During today’s early trading session, Asian markets traded higher following gains in financial stocks, furthermore, Sony profited off the back of a concrete business plan. The Nikkei share average reached its highest level in 15 years and by up by 0.36%, closing at 18,264. Following the FOMC Meeting Minutes and a number of positive reports from Japan, the Yen strengthened against the Dollar. Fed officials stated that there will be a short delay in raising interest rates this year, furthermore, Japanese data showed that Trade balance and exports came out better than expected. The yen is currently trading lower against the Dollar as the price rebounded after the BoJ monthly report indicated mild concerns over the future outlook of the economy.
During the European session, the Euro is trading lower against the Dollar after yesterdays gains following the FOMC meeting minutes. The Euro weakened today after negative reports from France added to current concerns regarding the European economy. The French CPI, monthly and yearly HICP all showed lower than expected figures. Currency traders now await a number of economic events to be released tomorrow, including, the German Manufacturing PMI and PPI, the European Markit Composite PMI and Service PMI and the British Retail sales for the month of January.
During today’s early U.S. session, American stocks traded lower as concerns over Greece continued to dominate the markets. The current €240 billion debt bailout is due to expire on February 28th, if an extension is not reached by that date, it could cause the nations exit from the European Union. DOW Industrial is down by 0.24% and S&P 500 is down by 0.10%. Today the Dollar made gains but is trading cautiously after policy makers stated that rate hikes will be delayed till later in the year, furthermore, mixed U.S. data released today showed that the Philadelphia Fed Manufacturing Index reported a 5.2 reading, significantly lower that the expected figure of 9.3, on the other hand Initial Jobless claims came out positive, showing a lower than expected figure of 283k
Todays Main Events
13:30 GMT – USD – Initial Jobless claims
15:00 GMT – USD – Philadelphia Fed Manufacturing Index
16:30 GMT – EUR – German Buba President Weidmann speaks
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