During Today’s early trading session, Asian markets traded higher after Mitsubishi UFJ Financial Group’s strong report pushed up shares. The Nikkei share average was up by 2% and closed at 17,678. Following the release of positive data from New Zealand, the NZD traded higher against a number of major currencies. The New Zealand fourth quarterly employment change showed the number of people employed had risen by 1.2%.
European stocks are trading lower today as concerns over Greece’s political situation continue to affect market sentiment, despite the hopes for a new Greek debt swap deal . DAX 30 is down by 0.2% and France’s CAC 40 is slightly lower by 0.5%. The Euro remains supported against the Dollar and the Yen after a number of positive data releases. Retail sales, Market composite PMI and German Services PMI all came out better than expected.
During early American trade, the U.S. released mixed data showing a sharp decline in ADP nonfarm Employment change to 213k, below the expected figure of 225k, however, a positive ISM Manufacturing PMI showed a higher reading of 56.7. U.S. stocks are slightly trading lower ahead of Fridays Nonfarm Payrolls release, however, losses are limited as oil prices stabilize. S&P 500 is trading 0.33% lower and nasdaq down by 0.52%.
9:30 GMT: GBP – Services PMI – measures the activity level of purchasing managers in the services sector
13:15 GMT: USD – ADP Nonfarm employment change – measure of the monthly change in nonfarm, private employment.
15:00 GMT – USD – ISM Manufacturing PMI – report on Business calculated as an indicator of the overall economic condition for the non-manufacturing sector
15:00 GMT -CAD – Ivey PMI – measures the activity level of purchasing managers in Canada
February 4, 2015- Daily Market News
During Today’s early trading session, Asian markets traded higher after Mitsubishi UFJ Financial Group’s strong report pushed up shares. The Nikkei share average was up by 2% and closed at 17,678. Following the release of positive data from New Zealand, the NZD traded higher against a number of major currencies. The New Zealand fourth quarterly employment change showed the number of people employed had risen by 1.2%.
European stocks are trading lower today as concerns over Greece’s political situation continue to affect market sentiment, despite the hopes for a new Greek debt swap deal . DAX 30 is down by 0.2% and France’s CAC 40 is slightly lower by 0.5%. The Euro remains supported against the Dollar and the Yen after a number of positive data releases. Retail sales, Market composite PMI and German Services PMI all came out better than expected.
During early American trade, the U.S. released mixed data showing a sharp decline in ADP nonfarm Employment change to 213k, below the expected figure of 225k, however, a positive ISM Manufacturing PMI showed a higher reading of 56.7. U.S. stocks are slightly trading lower ahead of Fridays Nonfarm Payrolls release, however, losses are limited as oil prices stabilize. S&P 500 is trading 0.33% lower and nasdaq down by 0.52%.
9:30 GMT: GBP – Services PMI – measures the activity level of purchasing managers in the services sector
13:15 GMT: USD – ADP Nonfarm employment change – measure of the monthly change in nonfarm, private employment.
15:00 GMT – USD – ISM Manufacturing PMI – report on Business calculated as an indicator of the overall economic condition for the non-manufacturing sector
15:00 GMT -CAD – Ivey PMI – measures the activity level of purchasing managers in Canada
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