Market news:
Most
Asian bourses climbed higher during Friday’s session after catching a
bid on the back of some positive trade data out of China. The data
further support the notion that the world’s second-largest economy is
performing well.
China’s Statistics Bureau reported a 2% increase in Consumer Inflation, lifting market sentiment after it's release.
Additionally,
yesterday's European Union leaders meeting, which aimed to seek an
agreement on the 2014-2020 budget, will continue today and they should
reach an agreement before the end of the day.
The EUR is trading mostly unchanged against major currencies this morning.
Intraday options that are due to expire today at 15:00 GMT.
EUR/USD – 1.3300, 1.3400
USD/JPY – 93.00, 93.50
Important economic data scheduled for today:
13:30 Employment Chang (Canada) – Previous: 39.8K, forecast: 4.5K. It measures the change in the number of people employed. Job creation is an important indicator of consumer spending.
13:30 Trade Balance (Canada) – Previous: -2.0B, forecast: -1.5B. It measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported.
13:30 Trade Balance (US) – Previous: -48.7B, forecast: -45.7B. It
measures the difference in value between imported and exported goods and
services over the reported period. A positive number indicates that
more goods and services were exported than imported.
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