For the latest rates call 020 7856 2490

Equity Indices:
Equity indices finished lower last week after the STOXX 600 index fell 1.57% to finish at 287.13, the German DAX lost 2.03% at 7658.75, and the FTSE dropped 1.49% to 6249.78. Equities drifted into the negative territory on Thursday after the European Central Bank said that risks to the Euro-zone economic recovery still remains. On Friday stocks continued their declines after U.S. Non-farm payrolls fell more than analysts expected. U.S. equity indices also fell on the back of the negative U.S. payrolls as the Dow Jones Industrial fell 0.28% to finish last week’s trade at 14565.20, the S&P 500 lost 0.43% to 1553.28, and the NASDAQ fell 0.66% to 3203.86.

Currencies:
EUR: The Euro was slightly higher versus some of its major counterparts. The Euro was particularly higher versus the U.S. Dollar and the Japanese Yen on Friday. The Euro advanced versus a weaker U.S. Dollar after U.S. jobs data disappointed analysts expectations. The Euro was also higher versus the Japanese Yen after Japan’s Central Bank announced unprecedented measures to fight deflation, spurring concerns that the currency may be debased.

GBP: The Pound was higher versus most of its major counterparts at the end of Friday’s trade. The Pound surged versus the U.S. Dollar as well as the Japanese Yen on Friday. The Pound however was slightly lower versus the Euro during the earlier part of Friday’s trade. Despite trading lower versus the Euro the Pound rebounded later in the day and traded higher versus the Euro after traders and investors remained confident after positive UK services sector data released on Thursday. UK services PMI rose last Thursday to 52.4 in March from 51.8 in February. A figure above 50 in considered an expansion in the sector.

USD: The U.S. Dollar plunged on Friday versus most of its major traded partners after U.S. employers added fewer jobs in March than analysts had forecast. The poor non-farm payrolls data in the U.S. sparked concerns that the U.S. economy is perhaps slowing. U.S. payrolls only grew by 88,000 in March after a revised 268,000 gain in February. Unemployment in the U.S. currently stands at 7.6% from 7.7% which the Federal Reserve has pledge further stimulus until there is a significant improvement in the labour market. The Fed is continuing its third round of quantitative easing by pumping USD$ 85 Billion in order to spur the world’s largest economy.

Commodities: 05/04/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 05/04/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

This Week’s Economic Figures:
Monday 08/04/13
EU: Sentix Investor Confidence (Apr) 09:30 GMT
GER: Industrial Production (Feb) 10:00 GMT
CA: Bank of Canada Business Outlook Survey 15:30 GMT

Tuesday 09/04/13
UK: BRC Retail Sales (Mar) 00:01 GMT
UK: RICS Housing Price Balance (Mar) 00:01 GMT
JP: Bank of Japan Monetary Policy Meeting Minutes 00:50 GMT
CH: Consumer Price Index (Mar) 02:30 GMT
GER: Trade Balance (Feb) 07:00 GMT
GER: Imports/Exports (Feb) 07:00 GMT
UK: Trade Balance (Mar) 09:30 GMT
UK: Industrial Production (Mar) 09:30 GMT
UK: Manufacturing Production (Mar) 09:20 GMT
UK: NIESR GDP Estimate (Mar) 15:00 GMT

Wednesday 10/04/13
CH: Imports/Exports (Mar) 03:00 GMT
US: FOMC Minutes 19:00 GMT
EU: Euro-group Meeting

Thursday 11/04/13
GER: Consumer Price Index (Mar) 07:00 GMT
GER: Harmonised CPI (Mar) 07:00 GMT
GER: Wholesale Price Index (Mar) 07:00 GMT
EU: ECB Monthly Report 09:00 GMT
US: Imports/Export Price Index (Mar) 13:30 GMT
US: Initial/Continued Jobless Claims (w/k) 13:30 GMT

Friday 12/04/13
EU: Industrial Production (Feb) 10:00 GMT
US: Producer Price Index (Mar) 13:30 GMT
US: Retail Sales (Mar) 13:30 GMT
US: Michigan Consumer Sentiment Index (Apr) 14:55 GMT
US: Business Inventories (Feb) 15:00 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

For the latest rates call 020 7856 2490

Equity Indices:
Stocks in Europe plunged yesterday after the STOXX 600 Index lost 0.91% to end the day at 294.80, the German DAX dropped 0.87% to 7874.75, and the FTSE fell 1.08% to 6420.28. Equity indices were lower as U.S. manufacturing activity fell more than analysts forecast and U.S. companies added fewer workers than estimated. U.S. stocks were also lower as the Dow Jones Industrial fell 0.76% to 14550.30, the S&P 500 dropped 1.05% to 1553.69, and the NASDAQ lost 1.11% to 3218.60.

Currencies:
EUR: The Euro was lower versus most of its major counterparts at the end of yesterday’s trade. The single currency fell despite Euro-zone Consumer Price Index meeting analysts expectation of 1.7% year-on-year. Today’s economic data is expected to move the Euro as traders and investors await German and Euro-zone PMI services data at 09:00 GMT, Euro-zone producer price index at 10:00 GMT, and The European Central Bank Interest Rate Decision at 12:45 GMT.

GBP: The Pound advanced versus most of its major counterparts after traders and investors speculate that the Bank of England may avert from adding to it asset purchase program. The Pound was slightly lower in the earlier part of yesterday’s trade after Construction PMI data fell to 47.2 in March, lower than the 47.5 figure anticipated by analysts. There are significant releases of data today which include UK services PMI at 09:30 GMT, The Bank of England Interest Rate Decision, as well as the Bank of England’s assets purchase program decision both expected at 12:00 GMT.

USD: The U.S. Dollar was lower against some of its major traded peers after an ADP report which measure the change in the number of employed people in the U.S. fell more than analysts expected. Traders and investors will be focusing their attention on U.S. Initial and Continued Jobless Claims due this afternoon at 13:30 GMT.

Commodities: 03/04/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 03/04/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

Thursday 04/04/13
GER: Services PMI (Mar) 09:00 GMT
EU: Composite PMI (Mar) 09:00 GMT
EU: Services PMI (Mar) 09:00 GMT
UK: Services PMI (Mar) 09:30 GMT
EU: Producer Price Index (Feb) 10:00 GMT
UK: Bank of England Interest Rate Decision (Apr) 12:00 GMT
UK: Bank of England Asset Purchase Facility (Apr) 12:00 GMT
EU: ECB Interest Rate Decision (Apr) 12:45 GMT
EU: ECP Monetary Policy Statement and Press Conference (Apr) 12:45 GMT
US: Initial Jobless Claims (w/k) 13:30 GMT
US: Continued Jobless Claims (w/k) 13:30 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

For the latest rates call 020 7856 2490

Equity Indices:
Equities in Europe enjoyed gains yesterday after the STOXX 600 Index rose 1.27% to finish at 297.52, the German DAX advanced 1.91% to 7943.87, and the FTSE finished 1.23% higher at 6490.66. Stocks in the U.S. also gained as the Dow Jones Industrial rose 0.61% to 14662, the S&P 500 advanced 0.52% to 1570.25, and the NASDAQ gained 0.48% to 3254.86.

Currencies:
EUR: The Euro fell yesterday versus most of its major counterparts after the Euro-zones unemployment data fell short of analysts’ estimates. Unemployment rose to a record in February adding to concerns that the region’s economy will struggle to emerge from recession. A separate report for the Euro-zone also showed that manufacturing remained below a reading of 50 indicating a contraction. Economic data which is expected to move the single currency today is Euro-area Consumer Price Index expected today at 10:00 GMT.

GBP: The Pound started the week lower versus its major traded peers after data showed that UK manufacturing output contracted in March more than economists forecast. The contraction in UK manufacturing added to concerns that the UK may be heading for another recession and that the Bank of England may increase stimulus at its policy meeting later this week. Today traders and investors will be focusing their attention on important UK data including Purchasing Managers Index for the UK construction sector expected this morning at 09:30 GMT.

USD: The U.S. Dollar rose yesterday against most of its major counterparts. The U.S. Dollar advanced after better-than-expected U.S. factory orders increased for the month of February. Data which will be in the spotlight today is the ADP Employment report scheduled to be released at 14:15 GMT, as well as the ISM Non-Manufacturing Index report which shows business conditions in the US non-manufacturing sector due later this afternoon at 15:00 GMT.

Commodities: 02/04/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 02/04/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

This Week’s Economic Figures:Wednesday 03/04/13
UK: Halifax House Prices (Mar) 08:00 GMT
UK: PMI Construction (Mar) 09:30 GMT
EU: CPI (Mar) 10:00 GMT
US: ADP Employment Change (Mar) 14:15 GMT
US: ISM Non-Manufacturing PMI (Mar) 15:00 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

For the latest rates call 020 7856 2490

Equity Indices:
Stocks in Europe ended higher on Thursday ahead of the Easter long-weekend. The STOXX 600 index added 0.46% to finish last week at 293.78, the German DAX was slightly up 0.08% to 7795.31, and the FTSE rose 0.38% to 6411.74. European indices finished flat overall last week after uncertainty in Cyprus persists. However, Equity indices in the U.S. fell last Thursday after the Dow Jones Industrial lost 0.09% to 14565.30, the S&P 500 dropped 0.41% to 1562.76, and the NASDAQ shed 0.75% to end last week’s trade at 3242.96.

Currencies:
EUR: The Euro advanced at the end of last week’s trade versus most of its major counterparts. The single currency rose after an unexpected increase in German retail sales. The Euro was lower earlier last week after Dutch Finance Minister said that the Cyprus bailout should be viewed as a template for solving banking problems in the Euro-region.

GBP: The Pound was higher versus most of its major traded peers. The pound advanced versus a weaker Euro last week after unprecedented demands on Cyprus from Europe in order to secure a bailout. The Pound also advanced versus the U.S. Dollar on Thursday after traders and investors bought into risk-assets such as the Pound after better-than-expected data in the U.S. and Germany.

USD: The U.S. Dollar fell last week versus most of its major counterparts after traders and investors jumped onto higher-risk assets. Despite overall uncertainty about Cyprus, traders and investors bought into risk after better-than-expected U.S. and German economic data. U.S. Durable Goods Orders had their biggest rise in February in five-months and German retail sales unexpectedly climbed in February.

Commodities: 01/04/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 28/03/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

This Week’s Economic Figures:
Tuesday 02/04/13
GER: Manufacturing PMI (Mar) 09:00 GMT
EU: Manufacturing PMI (Mar) 09:00 GMT
UK: Manufacturing PMI (Mar) 09:30 GMT
UK: Consumer Credit (Feb) 09:30 GMT
UK: Mortgage Approvals (Feb) 09:30 GMT
EU: Unemployment Rate (Feb) 10:00 GMT
GER: CPI (Mar) 13:00 GMT
GER: Harmonized CPI (Mar) 13:00 GMT
US: Factory Orders (Feb) 15:00 GMT

Wednesday 03/04/13
UK: Halifax House Prices (Mar) 08:00 GMT
UK: PMI Construction (Mar) 09:30 GMT
EU: CPI (Mar) 10:00 GMT
US: ADP Employment Change (Mar) 14:15 GMT
US: ISM Non-Manufacturing PMI (Mar) 15:00 GMT

Thursday 04/04/13
GER: Services PMI (Mar) 09:00 GMT
EU: Composite PMI (Mar) 09:00 GMT
EU: Services PMI (Mar) 09:00 GMT
UK: Services PMI (Mar) 09:30 GMT
EU: Producer Price Index (Feb) 10:00 GMT
UK: Bank of England Interest Rate Decision (Apr) 12:00 GMT
UK: Bank of England Asset Purchase Facility (Apr) 12:00 GMT
EU: ECB Interest Rate Decision (Apr) 12:45 GMT
EU: ECP Monetary Policy Statement and Press Conference (Apr) 12:45 GMT
US: Initial Jobless Claims (w/k) 13:30 GMT
US: Continued Jobless Claims (w/k) 13:30 GMT

Friday 05/04/13
EU: Retail Sales (Feb) 10:00 GMT
GER: Factory Orders (Feb) 11:00 GMT
CA: Imports/Exports (Feb) 13:30 GMT
US: Non-Farm Payrolls (Mar) 13:30 GMT
US: Unemployment Rate (Mar) 13:30 GMT
US: Trade Balance (Feb) 13:30 GMT
CA: Unemployment Rate (Mar) 13:30 GMT
CA: Ivey PMI (Mar) 15:00 GMT
US: Consumer Credit (Feb) 20:00 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

For the latest rates call 020 7856 2490

Equity Indices:
Stocks around the world fell yesterday after a Cyprus bailout failed to tempt investors to buy stocks. The STOXX 600 index fell 0.27% to 293.25, the German DAX lost 0.51% to 7870.90, and the FTSE dropped 0.22% to finish at 6378.38. Markets opened higher after the agreed bailout between Cyprus and the EU. The enthusiasm faded later in the day after the head of the Euro-group of Euro-zone finance ministers suggested that the Cyprus bailout model, which involves a tax on bank deposits, could form a template in any future bailout. Equity indices in the U.S. also fell after the Dow Jones Industrial lost 0.44% to finish at 14447.80, the S&P 500 shed 0.33% to 1551.69, and the NASDAQ fell 0.30% to 3235.30.

Currencies:                     
EUR: The Euro was sharply lower yesterday as the Cyprus bailout sparked concerns about the safety of the Euro-zones bond-holdings and deposits. Comments by Finance Minister Jeroen Dijsselbloem said that the Cyprus bailout could form a template for any future bailouts then went on to say that Cyprus was a special case. The comments sent jitters in the markets and a Euro sell-off pushing the sinlge currency to a-month low versus the U.S. Dollar.

GBP: The Pound was fairly mixed yesterday after it advanced versus some of its major traded partners. The Pound was lower versus the U.S. Dollar however rose versus the Euro Cyprus’s EUR€ Billion bailout has undermined faith in Europe’s financial system. The Pound was also support by positive data showing that UK house prices rose this month more than economist’s had forecast.

USD: The U.S. Dollar advanced yesterday versus most of its major counterparts. Traders and investors bought into the safety of the greenback amid concerns that comments made by a Dutch Finance minister may pave the way to a similar bailout to Cyprus on other indebted Euro-zone members.

Commodities: 25/03/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 25/03/13 Closing Prices                                  

BBA Libor: (Fixed 25/03/13)

This Week’s Economic Figures:
Tuesday 26/03/13
UK: Nationwide House Prices (Mar) 07:00 GMT
UK: CBI Distributive Trades (Mar) 11:00 GMT
US: Durable Goods Orders (Feb) 12:30 GMT
US: Case-Shiller Home Price Indices (Jan) 13:00 GMT
US: Consumer Confidence (Mar) 14:00 GMT
US: New Home Sales (Feb) 14:00 GMT
US: Richmond Fed Manufacturing Index (Mar) 14:00 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

For the latest rates call 020 7856 2490

Equity Indices:
Most equity indices in Europe fell on Friday after the STOXX 600 index lost 0.15% to finish the week at 294.04, the German DAX fell 0.27% to 7911.35, however the FTSE gained 0.07% to 6392.76. Cypriot lawmakers on Friday pushed for legislation in order to unblock bailout funds after the ECB had said that it will cut emergency funding to banks’ in Cyprus after March 25th unless it agrees on a bailout with international creditors.

Equity indices in the U.S. rose after the Dow Jones Industrial gained 0.63% to 14512, the S&P 500 rose 0.72% to 1556.89, and the NASDAQ added 0.70% to 3245.

Currencies:                     
EUR: The Euro was weaker versus most of its major counterparts in the earlier hours of Asian trade, The single currency weakened as Euro-area finance minister’s gathered in Brussels last night to decide whether Cyprus has done enough to receive a bailout. Cyprus as seeking to agree a EUR€10 Billion bailout in order to avert a financial collapse as no deal will see the ECB cutting off emergency funding to Cypriot banks. The meeting last night was delayed by four hours as European officials bargained with the Cypriot President.

GBP: The Pound rose on Friday versus most of its major traded peers. The Pound was in demand after data showed that retail sales jumped more than economists had forecast last month. The better-than-expected retail sales figure has damped speculation that the Bank of England will undertake additional economic stimulus. Despite the Pound’s advance on Friday, the Pound pared some gains in Asian trade after Fitch Rating said it may downgrade the UK’s triple-A rating.

USD: The U.S. Dollar was lower versus most of its major counterparts on Friday. The U.S. Dollar retreated versus the Euro on Friday as traders and investors speculate that the Cyprus bailout talks may not lead to a contagion in other Euro-indebted countries. A slightly different story emerged over the weekend after Cyprus’ President met after a two-hour delay to discuss terms for a bailout. The U.S. Dollar reversed Friday’s gains as the pressure and unfair terms laid on Cyprus may cause uncertainty amongst Europe.

Cyprus Bailout: Cyprus avoided a disorderly default and a possible exit from the Euro-zone. After a late night decision, Cyprus’ President had no choice but to agree to unwind the country’s second-largest bank and recapitalise The Bank of Cyprus after intense pressure from a German-led bloc of creditors.

Commodities: 22/03/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 22/03/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

This Week’s Economic Figures:
Monday 25/03/13
UK: Mortgage Approvals (Mar) 09:30 GMT
US: Federal Reserve Chairman Ben Bernanke Speech 17:15 GMT

Tuesday 26/03/13
UK: Nationwide House Prices (Mar) 07:00 GMT
UK: CBI Distributive Trades (Mar) 11:00 GMT
US: Durable Goods Orders (Feb) 12:30 GMT
US: Case-Shiller Home Price Indices (Jan) 13:00 GMT
US: Consumer Confidence (Mar) 14:00 GMT
US: New Home Sales (Feb) 14:00 GMT
US: Richmond Fed Manufacturing Index (Mar) 14:00 GMT

Wednesday 27/03/13
GER: Consumer Confidence Survey (Apr) 07:00 GMT
GER: Import Price Index (Feb) 07:00 GMT
UK: Current Account (Q4) 09:30 GMT
UK: Gross Domestic Product (Q4) 09:30 GMT
UK: Total Business Investment (Q4) 09:30 GMT
EU: Business Climate (Mar) 10:00 GMT
EU: Consumer Confidence (Mar) 10:00 GMT
EU: Economic Sentiment Indicator (Mar) 10:00 GMT
EU: Industrial Confidence (Mar) 10:00 GMT
EU: Services Sentiment (Mar) 10:00 GMT
CA: Consumer Price Index (Feb) 12:30 GMT
CA: Bank of Canada Consumer Price Index (Feb) 12:30 GMT
US: Pending Home Sales (Feb) 14:00 GMT

Thursday 28/03/13
UK: Consumer Confidence (Mar) 00:01 GMT
GER: Retail Sales (Feb) 07:00 GMT
GER: Unemployment Change (Mar) 09:00 GMT
GER: Unemployment Rate (Mar) 09:00 GMT
UK: Bank of England Credit Conditions Survey (Q1) 09:30 GMT
UK: Index of Services (Jan) 09:30 GMT
CA: Gross Domestic Product (Jan) 12:30 GMT
US: Gross Domestic Product Price Index (Q4) 12:30 GMT
US: Initial/Continued Jobless Claims (w/k) 12:30 GMT
US: Personal Consumption Expenditures Prices (Q4) 12:30 GMT
US: Chicago PMI (Mar) 13:45 GMT
JP: National Consumer Price Index (Feb) 23:30 GMT
JP: Tokyo Consumer Price Index (Mar) 23:30 GMT
JP: Unemployment Rate (Feb) 23:30 GMT
JP: Industrial Production (Feb) 23:50 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

For the latest rates call 020 7856 2490

Equity Indices:
Stocks around the world fell yesterday after Cypriot lawmakers rejected a EUR€5.8 Billion bank-deposit levy in exchange for a European bailout. The STOXX 600 Index dropped 0.42% to finish at 295.55, the German DAX lost 0.79% to 7947.79, and the FTSE fell 0.26% to 6441.32. Equity indices in the U.S. also fell as the Dow Jones Industrial closed only 0.03% higher at 14455.80, the S&P 500 fell 0.24% to 1548.34, and the NASDAQ lost 0.26% to 3229.09.

Currencies:
EUR: The decision by Cypriot lawmakers to reject the deposit levy on depositors pushed the Euro lower yesterday. The single currency fell to a three-month low versus the U.S. Dollar and also had the longest run of declines for more than two-years versus the Swiss Franc. Cypriot president Nicos Anastasiades failed to secure support from parliament to pass a law which would impose losses on depositors.

GBP: The Pound gained yesterday versus most of its major counterparts. UK assets were in demand as a safer alternative to European assets as the imposed levy on bank deposits in Cyprus may spread to other European indebted countries. The Pound was also supported after CPI inflation rose 0.7% for the month of February keeping inflation at 2.8% for the year.

USD: The U.S. Dollar rose yesterday versus most of its major traded peers. Traders and investors bought into the safety of the greenback after Cypriot parliament rejected a decision to impose a levy on bank deposits. The U.S. Dollar was also higher after the Federal Reserve started its two-day meeting as the central bank is projected to maintain monetary stimulus.

Commodities: 19/03/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 19/03/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

Wednesday 20/03/13
EU: Producer Price Index (Feb) 07:00 GMT
EU: Current Account (Jan) 09:00 GMT
UK: Bank of England Minutes 09:30 GMT
UK: Claimant Count Change (Feb) 09:30 GMT
UK: ILO Unemployment Rate (Jan) 09:30 GMT
EU: Consumer Confidence (Feb) 15:00 GMT
US: Fed Interest Rate Decision 18:00 GMT
US: Fed’s Monetary Policy Statement and Press Conference 18:30 GMT
US: FOMC Economic Projections 19:00 GMT
NZ: Gross Domestic Product (Q4) 21:45 GMT
JP: Imports/Exports (Feb) 23:50 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

For the latest rates call 020 7856 2490

Equity Indices:
Stocks around the world fell yesterday after Cypriot lawmakers rejected a EUR€5.8 Billion bank-deposit levy in exchange for a European bailout. The STOXX 600 Index dropped 0.42% to finish at 295.55, the German DAX lost 0.79% to 7947.79, and the FTSE fell 0.26% to 6441.32. Equity indices in the U.S. also fell as the Dow Jones Industrial closed only 0.03% higher at 14455.80, the S&P 500 fell 0.24% to 1548.34, and the NASDAQ lost 0.26% to 3229.09.

Currencies:
EUR: The decision by Cypriot lawmakers to reject the deposit levy on depositors pushed the Euro lower yesterday. The single currency fell to a three-month low versus the U.S. Dollar and also had the longest run of declines for more than two-years versus the Swiss Franc. Cypriot president Nicos Anastasiades failed to secure support from parliament to pass a law which would impose losses on depositors.

GBP: The Pound gained yesterday versus most of its major counterparts. UK assets were in demand as a safer alternative to European assets as the imposed levy on bank deposits in Cyprus may spread to other European indebted countries. The Pound was also supported after CPI inflation rose 0.7% for the month of February keeping inflation at 2.8% for the year.

USD: The U.S. Dollar rose yesterday versus most of its major traded peers. Traders and investors bought into the safety of the greenback after Cypriot parliament rejected a decision to impose a levy on bank deposits. The U.S. Dollar was also higher after the Federal Reserve started its two-day meeting as the central bank is projected to maintain monetary stimulus.

Commodities: 19/03/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 19/03/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

Wednesday 20/03/13
EU: Producer Price Index (Feb) 07:00 GMT
EU: Current Account (Jan) 09:00 GMT
UK: Bank of England Minutes 09:30 GMT
UK: Claimant Count Change (Feb) 09:30 GMT
UK: ILO Unemployment Rate (Jan) 09:30 GMT
EU: Consumer Confidence (Feb) 15:00 GMT
US: Fed Interest Rate Decision 18:00 GMT
US: Fed’s Monetary Policy Statement and Press Conference 18:30 GMT
US: FOMC Economic Projections 19:00 GMT
NZ: Gross Domestic Product (Q4) 21:45 GMT
JP: Imports/Exports (Feb) 23:50 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

For the latest rates call 020 7856 2490

Equity Indices:
Equity indices in Europe fell yesterday after the Euro-area forced Cyprus to adopt a levy on bank deposits. The STOXX 600 index fell 0.21% to 296.81, the German DAX dropped 0.40% to 8010.70, and the FTSE lost 0.49% to 6457.92. The move imposed by Europe prompted concerns that the region’s debt crisis may cause similar effects in other indebted countries in the region. The effects of Europe’s demands on Cyprus was felt also in the U.S. as the Dow Jones Industrial slid 0.43% to 14452.10, the S&P 500 lost 0.55% to 1552.10, and the NASDAQ retreated 0.35% to 3237.59.

Currencies:
EUR: The Euro plunged yesterday versus most of its major counterparts after Europe imposed a tax levy on bank deposits in Cyprus threatened to worsen the European debt crisis. The Euro had its biggest drop in 14-months against the U.S. Dollar and hit a two-week low against the Japanese Yen in yesterday’s trade. The impact in Cyprus has led to rising speculation and concerns about the dangerous precedent that’s been set for other so-called depositor guarantees in other indebted countries in the Euro-zone.

GBP: The Pound gained yesterday versus most of its major counterparts. The Pound advanced versus a weaker Euro after the Cyprus deposit levy fuelled demand for UK assets. The Pound was also supported in the earlier part of yesterday’s trade as data from Rightmove showed that house prices rose for a third consecutive month in March.

USD: The U.S. Dollar advanced yesterday versus most of its major traded peers. The greenback was in demand as traders and investors bought into the safe-haven U.S. Dollar after the bank levy imposed by the EU on Cyprus deposits has reignited the Euro-zone’s debt crisis.

Commodities: 18/03/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 18/03/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

Tuesday 19/03/13
AU: RBA Meeting’s Minutes (Mar) 00:30 GMT
UK: Consumer Price Index (Feb) 09:30 GMT
UK: PPI Core Output (Feb) 09:30 GMT
UK: Producer Price Index-Input/output (Feb) 09:30 GMT
UK: Retail Sales Index (Feb) 09:30 GMT
EU: Construction Output (Jan) 10:00 GMT
GER: ZEW Survey- Economic Sentiment (Mar) 10:00 GMT
EU: ZEW Survey-Economic Sentiment (Mar) 10:00 GMT
UK: Bank of England Inflation Letter
US: Housing Starts (Feb) (Feb) 12:30 GMT
US: Building Permits (Feb) 12:30 GMT
NZ: Current Account (Q4) 21:45 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.

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Stocks in the Euro-zone retreated on Friday as the STOXX 600 Index lost 0.36% to 297.44, the German DAX fell 0.19% to 8042.85, and the FTSE dropped 0.61% to 6489.65. Overall European indices advanced the most last week in almost three months after European lawmakers eased constraints on national budgets. Stocks in the U.S. also fell on Friday after the Dow Jones Industrial lost 0.17% to 14514.10, the S&P 500 fell 0.16% at 1560.70, and the NASDAQ shed 0.30% to finish Friday’s trade at 3249.07. Overall U.S. indices were also higher last week with the Dow Jones closed at an all time weekly high supported by better-than-expected U.S. retail sales as well as jobless-benefit claims pointed to a recovery in the world’s largest economy.

Currencies:
EUR: The Euro fell versus most of its major counterparts on Friday ahead of a meeting between European leaders. News about Cyprus over the weekend pushed the Euro lower in early Asian trading on Sunday evening when FX markets reopened. The Euro weakened after an unprecedented move by European lawmakers to impose the Cypriot government on a tax on Cypriot bank deposits as part of a rescue plan for the country. The Cypriot government addressed its nation that deposits held in Cyprus will be taxed up to 10%, a move that has speculated a contagion on other countries who have accepted a bailout from Europe.

GBP: The Pound advanced on Friday versus most of its major traded peers. The Pound was higher versus an overall weaker Euro however rose against other major currencies after the Bank of England governor said policy make’s are not seeking a weaker Pound in order to spur growth.

USD: The U.S. Dollar retreated versus some of its major counterparts. The U.S. Dollar fell to a one-week low against the Euro and the Pound after U.S. inflation is contained and that the U.S. Federal Reserve will maintain its monetary stimulus program. Inflation in the U.S. increased 2% for the year after rising 0.7% for the month.

Commodities: 15/03/13 Closing Prices (All Commodities are priced in USD$)                                     

Equity Indices: 18/03/13 Closing Prices                                  

BBA Libor: (Fixed 07/03/13)

This Week’s Economic Figures:
Monday 18/03/13
UK: Rightmove House Price Index (Mar) 00:01 GMT
EU: Trade Balance (Jan) 10:00 GMT

Tuesday 19/03/13
AU: RBA Meeting’s Minutes (Mar) 00:30 GMT
UK: Consumer Price Index (Feb) 09:30 GMT
UK: PPI Core Output (Feb) 09:30 GMT
UK: Producer Price Index-Input/output (Feb) 09:30 GMT
UK: Retail Sales Index (Feb) 09:30 GMT
EU: Construction Output (Jan) 10:00 GMT
GER: ZEW Survey- Economic Sentiment (Mar) 10:00 GMT
EU: ZEW Survey-Economic Sentiment (Mar) 10:00 GMT
UK: Bank of England Inflation Letter
US: Housing Starts (Feb) (Feb) 12:30 GMT
US: Building Permits (Feb) 12:30 GMT
NZ: Current Account (Q4) 21:45 GMT

Wednesday 20/03/13
EU: Producer Price Index (Feb) 07:00 GMT
EU: Current Account (Jan) 09:00 GMT
UK: Bank of England Minutes 09:30 GMT
UK: Claimant Count Change (Feb) 09:30 GMT
UK: ILO Unemployment Rate (Jan) 09:30 GMT
EU: Consumer Confidence (Feb) 15:00 GMT
US: Fed Interest Rate Decision 18:00 GMT
US: Fed’s Monetary Policy Statement and Press Conference 18:30 GMT
US: FOMC Economic Projections 19:00 GMT
NZ: Gross Domestic Product (Q4) 21:45 GMT
JP: Imports/Exports (Feb) 23:50 GMT

Thursday 21/03/13
GER: Manufacturing PMI (Mar) 08:30 GMT
GER: Services PMI (Mar) 08:30 GMT
EU: Manufacturing PMI (Mar) 09:00 GMT
EU: Composite PMI (Mar) 09:00 GMT
EU: Services PMI (Mar) 09:00 GMT
UK: Public Sectors Net Borrowing (Feb) 09:30 GMT
UK: Retail Sales (Feb) 09:30 GMT
CA: Retail Sales (Jan) 12:30 GMT
US: Manufacturing PMI (Mar) 13:00 GMT
US: Initial Jobless Claims (w/k) 13:30 GMT
US: Continued Jobless Claims (w/k) 13:30 GMT
US: Housing Price Index (Jan) 14:00 GMT
US: Philadelphia Fed Manufacturing Survey (Mar) 14:00 GMT

Friday 22/03/13
GER: IFO Business Climate (Mar) 09:00 GMT
GER: IFO Current Assessment (Mar) 09:00 GMT
GER: IFO Expectations (Mar) 09:00 GMT

This report is intended to act as a summary of Foreign Exchange and interest rate-related news stories only. It should not be relied upon as research for investment or speculation. This document does not constitute a solicitation, offer, or recommendation to make any investment choices and should not be construed as such. The information in this document is based on information obtained from sources believed by Hermex International Ltd [Hermex] to be reliable, but which Hermex have not verified independently. All figures, charts and graphs used are proprietary data and available to any independent. Except in the case of fraudulent misrepresentation, Hermex does not represent or warrant, nor accepts liability, as to the sufficiency or accuracy of the information in this document or for any direct, indirect or consequential loss arising from the use of this document.