During today’s early trading session, Asian stocks traded higher after mixed Japanese reports. Japan’s BSI Large Manufacturing Conditions showed a lower than expected figure of 2.4 and the Tertiary Industry Activity Index increased by 1.4%. The Nikkei share average reported its largest daily gain in a month and was up by 1.42%, closing at 18,991 points. Following the release of negative Australian data showing that the Employment change during the month of February had risen by 15.6k the AUD rose against the Dollar and reached its weekly high.
During the European session, the Euro retreated slightly from 12 year lows against the Dollar, following the release of positive data from France, the French yearly and monthly HICP and the CPI all showed better than expected figures. European Indices continue to trade higher as investors took refuge in stocks due to the ECB’s 1.1 trillion bond buying program. DAX is up 0.12% and FTSE 100 is up by 0.85%.
The Dollar index retreated from all time highs as currency traders made gains. Furthermore, at the open of the American markets negative data releases showied that the Core Retail sales and Retail sales declined more than expected. These negative reports weighed on the Dollar, however expectations that the Fed is to raise interest rates mid year continues.
March 12, 2015- Daily Market News
During today’s early trading session, Asian stocks traded higher after mixed Japanese reports. Japan’s BSI Large Manufacturing Conditions showed a lower than expected figure of 2.4 and the Tertiary Industry Activity Index increased by 1.4%. The Nikkei share average reported its largest daily gain in a month and was up by 1.42%, closing at 18,991 points. Following the release of negative Australian data showing that the Employment change during the month of February had risen by 15.6k the AUD rose against the Dollar and reached its weekly high.
During the European session, the Euro retreated slightly from 12 year lows against the Dollar, following the release of positive data from France, the French yearly and monthly HICP and the CPI all showed better than expected figures. European Indices continue to trade higher as investors took refuge in stocks due to the ECB’s 1.1 trillion bond buying program. DAX is up 0.12% and FTSE 100 is up by 0.85%.
The Dollar index retreated from all time highs as currency traders made gains. Furthermore, at the open of the American markets negative data releases showied that the Core Retail sales and Retail sales declined more than expected. These negative reports weighed on the Dollar, however expectations that the Fed is to raise interest rates mid year continues.
Todays Main Events (GMT)
12:30 USD Core Retail Sales (MoM) (Feb)
12:30 USD Retail Sales (MoM) (Feb)
12:45 GBP BoE Gov Carney Speaks
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