During today’s early trading session, Asian stocks traded higher as the Yen weakened due to comments made from a BoJ official, board member Koji Ishida indicated that reaching the 2% inflation rate in the near future looks bleak. The Nikkei share average reached a new 15 year high and was up by 1.08%, closing at 18,785. Following the release of positive data from New Zealand, the NZD traded higher against the Dollar. The yearly and monthly Trade Balance figures both showed better than expected figures. At 23:30 GMT Japan is to release a number of economic reports, including, the Core CPI, Industrial Production and Retail sales.
During the European session, the Euro dropped sharply against the Dollar despite positive European data. The German Unemployment change fell by 20,000 this month, higher than the expected figure of 10,000. The EUR/USD is currently trading below 1.129 as the U.S. released mixed data, the Core CPI came out positive, but the Core Durable Goods orders showed decreased manufacturing activity for the month of January. European stocks are trading slightly higher after Greece’s debt bailout extension was approved for further 4 months. France’s CAC 40 is up 4.14 points and DAX up by 0.44%.
During early U.S. trade, the Dollar rallied against a basket of major currencies following the release of a number of important U.S. economic events. The Core CPI rose by 0.2% last month, above the expected figure of 0.1% and significantly higher than the previous month, however the Core Durable goods orders showed an increase of 0.3%, slightly lower than the forecast figure of 0.5%. Furthermore, Canada released strong data showing their Core CPI had also risen to 0.2%. Crude oil is trading lower following the strengthening Dollar and also due to concerns of oversupply in the U.S., the commodity is currently trading below $50 a barrel.
February 26, 2015- Daily Market News
During today’s early trading session, Asian stocks traded higher as the Yen weakened due to comments made from a BoJ official, board member Koji Ishida indicated that reaching the 2% inflation rate in the near future looks bleak. The Nikkei share average reached a new 15 year high and was up by 1.08%, closing at 18,785. Following the release of positive data from New Zealand, the NZD traded higher against the Dollar. The yearly and monthly Trade Balance figures both showed better than expected figures. At 23:30 GMT Japan is to release a number of economic reports, including, the Core CPI, Industrial Production and Retail sales.
During the European session, the Euro dropped sharply against the Dollar despite positive European data. The German Unemployment change fell by 20,000 this month, higher than the expected figure of 10,000. The EUR/USD is currently trading below 1.129 as the U.S. released mixed data, the Core CPI came out positive, but the Core Durable Goods orders showed decreased manufacturing activity for the month of January. European stocks are trading slightly higher after Greece’s debt bailout extension was approved for further 4 months. France’s CAC 40 is up 4.14 points and DAX up by 0.44%.
During early U.S. trade, the Dollar rallied against a basket of major currencies following the release of a number of important U.S. economic events. The Core CPI rose by 0.2% last month, above the expected figure of 0.1% and significantly higher than the previous month, however the Core Durable goods orders showed an increase of 0.3%, slightly lower than the forecast figure of 0.5%. Furthermore, Canada released strong data showing their Core CPI had also risen to 0.2%. Crude oil is trading lower following the strengthening Dollar and also due to concerns of oversupply in the U.S., the commodity is currently trading below $50 a barrel.
Todays Main Events
8:55 GMT – EUR – German Unemplyment Change
9:30 GMT – GBP – DDP (quarterly & yearly)
13:30 GMT – USD – Core CPI
13:30 GMT – USD – Core Durable Goods orders
13:30 GMT – CAD – Core CPI
18:15 – FOMC Member Fisher speaks
23:30 GMT – JPY – Household spending
23:30 GMT – JPY – National Core CPI
23:30 GMT – JPY – Industrial Production
23:30 GMT – JPY – Retail sales
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