Morning Call by Traders University

Yesterday the FTSE 100 closed up 75 points at 4,202, closing above the key level of 4,200. A mixed day on Wall Street saw the Dow closed down 38 points and the S&P closed down just 4 points. Elsewhere in Europe the DAX closed up 146 and the CAC closed up 69 points indicating a lot of buying strength in Europe. It will be interesting to see what happens during the European open this morning. In Forex news, the Yen weakened yesterday as Asian stocks rose amid speculation Goldman Sachs will report stronger earnings today, encouraging investors to increase holdings of riskier assets. The Kiwi dollar strengthened after the Central Bank stated that the nation’s economy would recover more quickly then its trading partners. In data releases today to look out for, we have the GBP CPI figure at 9.30am. The German ZEW Economic Sentiment is due at 10.00am then at 1.30pm we have the USD Retail Sales.