Back
28 Nov 2013
European open: Low Thanksgiving volumes, German jobs numbers
FXstreet.com (London) - Equity markets climbed across the board overnight. The Nikkei added 1.8 percent to 15,727.12. The Hang Seng added 0.38 percent to 23,895.68. The ASX just about held on to gains to 5,334.34 after hitting an intraday high of 5,367.10.
The Kiwi dollar strengthened on ANZ monthly business confidence data that printed a robust 60.5 the highest since February 2009, despite concerns over the strong Kiwi dollar. NZD/USD climbed 0.29 on the numbers to USD0.8159.
Australian capex numbers showed that real capital expenditure exceeded forecasts in the third quarter ending September, up 3.6 percent versus consensus market expectations for a 1.2 percent decline. The biggest upside came from the services component which gained 3 percent after a fall of 3 percent last quarter. The Aussie dollar leapt on the news. AUD/USD is up 0.48 percent to USD0.9123.
In Europe, this morning will see the release of German unemployment numbers, expected to print flat despite an uptick in recent data. The numbers will be under scrutiny as deflationary fears within the wider Eurozone continue. Flash CPI estimates this afternoon are expected to show an increase of 1.3 percent year-on-year.
EUR/USD is flat at USD1.3574 after reversing overnight gains.
Canadian current account deficit numbers are expected to widen slightly on weakening merchandise trade to CAD14.8bn, from CAD14.6bn.
US markets are shut today for Thanksgiving.
The Kiwi dollar strengthened on ANZ monthly business confidence data that printed a robust 60.5 the highest since February 2009, despite concerns over the strong Kiwi dollar. NZD/USD climbed 0.29 on the numbers to USD0.8159.
Australian capex numbers showed that real capital expenditure exceeded forecasts in the third quarter ending September, up 3.6 percent versus consensus market expectations for a 1.2 percent decline. The biggest upside came from the services component which gained 3 percent after a fall of 3 percent last quarter. The Aussie dollar leapt on the news. AUD/USD is up 0.48 percent to USD0.9123.
In Europe, this morning will see the release of German unemployment numbers, expected to print flat despite an uptick in recent data. The numbers will be under scrutiny as deflationary fears within the wider Eurozone continue. Flash CPI estimates this afternoon are expected to show an increase of 1.3 percent year-on-year.
EUR/USD is flat at USD1.3574 after reversing overnight gains.
Canadian current account deficit numbers are expected to widen slightly on weakening merchandise trade to CAD14.8bn, from CAD14.6bn.
US markets are shut today for Thanksgiving.