During today’s early trading session, Asian stocks traded higher after positive data showing the industrial production of manufacturers, mines and utilities was significantly higher than expected, produce last month rose by 4%. the Nikkei share average reached a new 15 year high and was up by 0.06%, closing at 18,797. Furthermore, investors turned to the stock market after more data from Japan showing that Household spending, Core CPI and retail sales all declined during the month of January.
During the European session, the EUR/USD is trading close to monthly lows despite positive European data yesterday. The German Unemployment change fell by 20,000 this month, higher than the expected figure of 10,000. The Euro dropped further against the strengthening Dollar and is currently trading below 1.119 after the U.S. released the fourth quarterly figure showing a strong 2.2% rise. Additionally, FOMC member James Bullard, said on CNBC that if Fed officials “drop the word “patient”, then they can move to increase interest rates at any of the meetings during the summer”.
February 27, 2015- Daily Market News
During today’s early trading session, Asian stocks traded higher after positive data showing the industrial production of manufacturers, mines and utilities was significantly higher than expected, produce last month rose by 4%. the Nikkei share average reached a new 15 year high and was up by 0.06%, closing at 18,797. Furthermore, investors turned to the stock market after more data from Japan showing that Household spending, Core CPI and retail sales all declined during the month of January.
During the European session, the EUR/USD is trading close to monthly lows despite positive European data yesterday. The German Unemployment change fell by 20,000 this month, higher than the expected figure of 10,000. The Euro dropped further against the strengthening Dollar and is currently trading below 1.119 after the U.S. released the fourth quarterly figure showing a strong 2.2% rise. Additionally, FOMC member James Bullard, said on CNBC that if Fed officials “drop the word “patient”, then they can move to increase interest rates at any of the meetings during the summer”.
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