The value of Forex on European stocks is currently trading above opening levels after better than expected data on the German unemployment as well as the common European CPI. Most recent information shows that German CPI numbers have disappointed Forex investors` expectations by 0.1%. Key representatives from the European market- FTSE 100, DAX 30 and CAC 40 are trading 0.33%, 0.54% and 0.06% higher. Vivendi and Danone are trading almost flat, while German representative are trading mixed. Allianz is up by almost 1% after the company` s CEO announced that their Brazilian Insurance unit has grown 12%, year- on- year basis. Deutsche Telekom is down by 1.49% after announcing worse than expected earnings. Key economic data for the region shows mixed results: Swiss GDP has increased by 0.2% considering investors` expectations of 0.3% negative change. French Consumer Spending has declined, while German data on CPI and Unemployment shows improved results, compared with previous publications. The value of the common euro currency relatively declined against the US dollar as news on the Italian elections weighted on investors` expectations.
The value of Forex on US stocks, closed at higher levels during yesterday` s trading sessions. Key representatives for the world` s largest securities market: DJIA, S&P 500 and NASDAQ closed 1.26%, 1.27% and 1.04% higher compared with opening levels. Key reason for the positive short term investors` expectations were the announcements of the Core Durable Goods, Pending Home Sales, Bernanke` s speech as well as FOMC member Fisher` s speech. Forex on the shares of Boeing closed 2.26% higher after a company` s spokesman announced that engineers are close to resolving 787 battery issues. Intel and Microsoft are trading 1.7% and 1.6% higher. Forex on Google` s stocks gained 1.22%, while Apple and Facebook lost 0.98% and 1.9% respectively. Current data shows that futures on the key benchmark trackers are all trading on the positive side. Key economic events for today` s trading sessions are the announcements of the US unemployment, GDP and Chicago PMI.
Disclaimer: The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.