Morning Call by Traders University

Yesterday the FTSE closed up 18 points at 4,547 and the Dow closed down 26 points at 9,070. In forex news the yen declined against the euro after a government report showed Japanese manufacturers boosted production for a fourth month, reducing demand for safe-haven currencies. The euro traded near a one-month high versus the Swiss franc before a European report that may show executive and consumer confidence rose to an eight-month high, adding to signs the recession in the 16- nation region may be receding. New Zealand’s dollar fell the most in three weeks against the US dollar after the nation’s central bank kept interest rates unchanged for a second month. In data releases today the GBP Nationwide HPI figure released this morning was better than expectations at 1.3%. At 1.30pm there is the USD unemployment claims to look out for.