Market Updates

Uk News 

George Osborne says growth will be slower and borrowing higher than previously thought, but "Britain is heading in the right direction"


Afternoon update

ADP employment: Private sector Job Missed Estimates

Positive comments from China New Leader boosted global growth Expectation

Means

Private Sector Created 118,000 Jobs in November but was short of expectation for a gain of 125.00

The report comes ahead of Friday closely watched Government Noon-farm payrolls report  

Asset:

Gold and the Dow 

FTSE 100 Daily

UK Chancellor is set to present his annual autumn statement on the outlook for the uk economy government public finance and spending cuts.

Uk Will Brace its self for a welfare state cut

Chancellor widely expected to lash the welfare Bill further in an effect to drop government spending

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USDCAD Daily

USDJPY DAILY 03/12/2012

USDJPY Under Pressure This morning

Gold Daily 3/12/2012

Optimism Builds in Europe after European Markets Rally 2% for the month of November

German And euro Manufacturing PMI Comes out in Line With Expectation

Germany Consensus 46.8 Actual 46.8 Previous 46

Means

Germany Economic growth is not contracting in the 4^th quarter which was widely expected   by the markets  

Markets manufacturing data could show potential recovery in the euro zone economy 

FTSE 100 Wkly

FTSE100 Weekly

FTSE100 Daily 

UK stocks opened in positive territory on Monday morning following some upbeat economic data from China and India, but gains were only moderate with the focus likely to be on Greece as Eurozone finance ministers meet in Brussels. 

The final reading for the HSBC China purchasing managers' index (PMI) increased from 49.5 to 50.5 in November, in line with the preliminary estimates. Meanwhile, the official PMI from National Bureau of Statistics rose to a seven-month high of 50.6, up from 50.2 in October. 

What's more India's manufacturing PMI recorded its fastest growth in five months, coming in at 53.7. 

FTSE 100 Daily 

D

GBPUSD and EURUSD 3/12/2012

Gbpusd Daily 

Optimism Builds in Europe after European Markets Rally 2% for the month of November

Eurusd Daily

German And euro Manufacturing PMI Comes out in Line With Expectation

Germany Consensus 46.8 Actual 46.8 Previous 46

Means

Germany Economic growth is not contracting in the 4^th quarter which was widely expected   by the markets