European Markets - A New Week, A New Trend?
November 3, 2008 by Thomas Howell / 1 Comment »

The world markets start with a good footing, with positive numbers for the Hang Seng and Straits. Japan is taking the day off for a Bank Holiday.

Australia seemed to have a mixed session so far. Housing prices are down, retail sales are flat, Manufacturing has decreased. But news of decreasing inflation and a slowing on price increases for Commodities could change the moods a tad.

New Zealand’s Labor costs have increased 1.1%

Latest currency prices:
USDJPY: 98.97
USDCHF: 1.1585
GBPUSD: 1.6275
EURUSD: 1.2802.

European Market News:

Firstly, Switzerland will release around 830GMT, the Purchasing Managers Index for the SVME.

Europe’s Final Manufacturing PMI’s will be released around 900GMT

England will final the markets with their Manufacturing PMI, at 930GMT.

Have a good session trading forex! TRADE ON!!!

Tom Howell
GoForexTrade.com


Filed under: European Market by Thomas Howell