Daily Economic Calendar – Everything You Need to Know

It has been a generally positive morning in the stock markets today with Japanese stock markets becoming a favorite investment destination for traders and funds alike as the USDJPY skyrockets towards 114 and 115 and this is helping to boost the markets as well and we believe that this would continue in the near future as well.

We also have had generally good data from the Chinese side as well with Services and Manufacturing PMI coming in better than expected. In Australia, we have been seeing the energy stocks skyrocket today as the OPEC meeting ended yesterday with a deal being sealed between the members and them being confident of taking the non-OPEC members along in helping them achieve their production cuts target. We did have slightly bad data from the Australian Private Expenditure side but with the Aussie dollar more dependent on the way the commodities move rather than Australian data itself, we saw that the AUD generally managed to have a good morning as well.