On the Forex market the main movement today we can see on the GBP which suffers losses as market weighing the impact of possible splitting of Scotland. So far we can see that the GBP/USD fell to 1.6100.
Asian stocks closed mostly higher as Chinese exports report was above estimates and imports report showed a sudden decline. In China, the Shanghai Composite added 0.85%. This bullish movement comes after last Friday the index reached its highest level in the past 18 months. The Hang-Seng declined by 0.22% lead by HSBC Holdings plc (-0.5%),Tencent (-1.6%) and weakening in tech stocks. In Japan, the Nikkei index gained 0.23% as the USD/JPY pair showed modest movement following the weak result from the NFP last Friday.
European stocks are showing mixed movements. In the UK, the FTSE 100 lost 0.41% on increasing uncertainties regarding the Scottish referendum on independence from the UK and the GBP/USD pair continued dropping. The French CAC 40 declined 0.20% as the German DAX showed a moderated 0.05% increase.
Today’s main events:
12.30 GMT: CAD – Building Permits – measures the change in the number of new building permits issued by the government.
23.50 GMT: JPY – Monetary Policy Meeting Minutes – a detailed record of the Bank of Japan’s policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates.
September 8, 2014 – Daily Market News
On the Forex market the main movement today we can see on the GBP which suffers losses as market weighing the impact of possible splitting of Scotland. So far we can see that the GBP/USD fell to 1.6100.
Asian stocks closed mostly higher as Chinese exports report was above estimates and imports report showed a sudden decline. In China, the Shanghai Composite added 0.85%. This bullish movement comes after last Friday the index reached its highest level in the past 18 months. The Hang-Seng declined by 0.22% lead by HSBC Holdings plc (-0.5%),Tencent (-1.6%) and weakening in tech stocks. In Japan, the Nikkei index gained 0.23% as the USD/JPY pair showed modest movement following the weak result from the NFP last Friday.
European stocks are showing mixed movements. In the UK, the FTSE 100 lost 0.41% on increasing uncertainties regarding the Scottish referendum on independence from the UK and the GBP/USD pair continued dropping. The French CAC 40 declined 0.20% as the German DAX showed a moderated 0.05% increase.
Today’s main events:
12.30 GMT: CAD – Building Permits – measures the change in the number of new building permits issued by the government.
23.50 GMT: JPY – Monetary Policy Meeting Minutes – a detailed record of the Bank of Japan’s policy setting meeting, containing in-depth insights into the economic conditions that influenced the decision on where to set interest rates.
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