For the latest rates call 020 7856 2490

Equity Indices:
Stocks across Europe fell for a second week as the STOXX 600 Index finished Friday’s trade 0.40% lower at 251.97, however the German DAX rose 0.95% to 6579.93, and the FTSE rose 0.57% to 5575.52. Despite some indices closing higher on Friday stocks across Europe overall indices traded lower last week. Investors and traders remained uncertain about Greece struggling to form a government which has increased speculation that the nation might fail to implement austerity measures. Stocks in the U.S. also closed lower with the Dow Jones Industrial falling 0.27% to 12820.60, the S&P 500 retreated 0.34% to 1353.39, and NASDAQ rose 0.01% to 2933.82.

Currencies:
EUR: The Euro dropped for a second week versus most of its major counterparts as concerns mounted that politicians in Greece won’t be able to form a coalition government and the nation may exit the Euro-zone.

GBP: The Pound continued its gains last week after the Bank of England left its bond-purchase program at GBP£325 Billion, ending a second round of stimulus.

Commodities:
Gold: Gold ended Friday’s trade at USD$ 1589/ounce

Oil: Oil fell on Friday’s trade ending the day at USD$ 96.82/barrel.

Equity Indices: 15/05/12 Closing Prices                                         

BBA Libor: (Fixed 15/05/12)

Economic Data:(Wednesday 16/05/12)
UK: Claimant Count, Unemployment Change (Apr) 09:30 GMT
UK: ILO Unemployment Rate (Mar) 09:30 GMT
EU: Inflation Final (Apr) 10:00 GMT
US: Mortgage Market Index (w/k) 12:00 GMT
US: Housing Starts (Apr) 13:30 GMT
US: Building Permits (Apr) 13:30 GMT
US: Industrial Output (Apr) 14:15 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 across Europe fell for a second week as the STOXX 600 Index finished Friday’s trade 0.40% lower at 251.97, however the German DAX rose 0.95% to 6579.93, and the FTSE rose 0.57% to 5575.52. Despite some indices closed higher on Friday stocks across Europe overall were lower for the week. Investors and traders remained uncertain about Greece struggling to form a government which has increased speculation that the nation might fail to implement austerity measures. Stocks in the U.S. also closed lower with the Dow Jones Industrial falling 0.27% to 12820.60, the S&P 500 retreated 0.34% to 1353.39, and NASDAQ rose 0.01% to 2933.82.

Currencies:
EUR: The Euro dropped for a second week versus most of its major counterparts as concerns mounted that politicians in Greece won’t be able to form a coalition government and the nation may exit the Euro-zone.

GBP: The Pound continued its gains last week after the Bank of England left its bond-purchase program at GBP£325 Billion, ending a second round of stimulus.

Commodities:
Gold: Gold ended Friday’s trade at USD$ 1589/ounce

Oil: Oil fell on Friday’s trade ending the day at USD$ 96.82/barrel.

Equity Indices: 11/05/12 Closing Prices                                         

BBA Libor: (Fixed 09/05/12)

Economic Data: (Monday 14/05/12)
EU: Industrial Production (Mar) 10:00 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 continued to drop in yesterday’s trade as investors looked for resolutions to the political standoff in Greece along with Spain’s borrowing costs surging. The STOXX 600 Index fell 0.34% to 249.73, the German DAX slightly rose 0.47% to 6475.31, and the FTSE retreated 0.44% to 5530.05.

Markets extended loses later in the day as yields on 10-year Spanish government bonds pushed above 6% which also increased the cost of insuring Spanish debt. The Greek left-wing party, led by Alexis Tsipras, last night met with the leaders of the New Democracy and Pasok parties but failed to form a coalition government.

Stocks in the U.S. also declined sending the Dow Jones Industrial 0.75% lower to 12835.06, the S&P 500 o.67% lower at 1354.58, and the NASDAQ dropped 0.39% at 2934.71.

Currencies:
EUR: The Euro fell for the eighth day versus most of its counterpart’s yesterday as political uncertainty in Greece and Spanish 10-year government bonds rose. Traders and investors remained doubtful about the future of the Euro after EUR€386 Billion in aid pledges for Greece, Ireland and Portugal. The ECB also purchased a further EUR€214 Billion in bonds and loaned EUR€1 Trillion in low-interest repayments to banks. Despite 17 high level crisis summits the Euro has been doubted even more since the political instability in Greece and further fear about Spain.

GBP: The Pound held steadily versus the U.S. Dollar as some investors bought into the safer-haven U.S. Dollar after 10-year bond yields in Spain rose and increased uncertainty about the future of the Euro. The Pound was also negatively influenced after data should that UK retail sales slumped in April, fuelling speculation that the Bank of England may consider more stimulus measures at its policy meeting today.  The Pound strengthened versus a weaker Euro, trading at levels not seen in over 3 1/2 years.

Commodities:
Gold: Gold fell in yesterday’s trade to end the day at USD$ 1590.95/ounce.

Oil: Crude oil also declined to close yesterday’s trade at USD$ 96.81/barrel.

For the latest rates call 020 7856 2490

Equity Indices: 09/05/12 Closing Prices                                         

BBA Libor: (Fixed 09/05/12)

Economic Data: (Thursday 10/05/12)
UK: Industrial Output (Mar) 09:30 GMT
UK: Manufacturing Output (Mar) 09:30 GMT
UK: Bank of England Interest Rate Decision (May) 12:00 GMT
UK: Bank of England Total QE (May) 12:00 GMT
CA: Imports/Exports (Mar) 13:30 GMT
CA: Trade Balance (Mar) 13:30 GMT
US: Import/Export Prices (Apr) 13:30 GMT
US: International Trade (Mar) 13:30 GMT
US: Initial 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:
Stocks in Europe plunged yesterday after investors and traders sold-off equities amid Greek government concerns. The STOXX 600 Index retreated 1.67% to 250.58, the German DAX fell 1.90% to 6444.74, and the FTSE dropped 1.78% to 5554.55. Markets negatively reacted after the leader of Greece’s biggest political party failed to reach an agreement following the weekend’s elections. Stocks in the U.S. also extended losses after the failure of Greece’s New Democracy leader to form a coalition government, passing the opportunity to Alexis Tsipras’s Syriza party. The Dow Jones Industrial fell 0.59% to 12932.09, the S&P 500 dropped 0.43% to 1363.72, and the NASDAQ fell 0.39% to 2946.27.

Currencies:
EUR: The Euro fell further versus the Pound and the U.S. Dollar yesterday, trading at levels not seen since 2008. The Euro has weakened for a seventh day after the outcome of political elections over the weekend and Greece’s scramble to form a coalition government.

GBP: The Pound rose to a near 3-1/2 year high versus the Euro as election results in France and Greece cast doubt on the durability of austerity plans in an aim to tackle the Euro-zone debt crisis. Despite strong gains versus the Euro traders and investors will be awaiting Thursday’s Bank of England Interest Rates decision which is expected to remain at 0.5%. The Bank is also expected to keep the quantitative easing program at GBP£ 325 Billion.

Commodities:
Gold: Gold fell in yesterday’s trade to end the day at USD$ 1605.72/ounce.

Oil: Crude oil also declined to close yesterday’s trade at USD$ 97.40/barrel.

Equity Indices: 08/05/12 Closing Prices

BBA Libor: (Fixed 08/05/12)

Economic Data: (Wednesday 09/05/12)
UK: BRC Retail Sales (Apr) 00:01 GMT Actual reading of -3.3%
GER: Exports/Imports (Mar) 07:00 GMT
GER: Trade Balance (Mar) 07:00 GMT
US: Mortgage Market Index (w/k) 12:00 GMT
US: Wholesale Inventories (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 rose in yesterday’s trade with the STOXX 600 Index rising 0.72%, the German DAX rose 0.12% to 6569.48, and the FTSE remained at Friday’s close, down 1.93% to 5655.06 as the benchmark index was closed for bank holiday. Stocks in Europe started the week positive despite concerns over election results in Greece and France.

Francois Holland defeated French President Nicolas Sarkozy to become the first Socialist in 17-years to control Europe’s second-largest economy. Markets reacted to the vote as Mr. Holland has pledged to push for less austerity and more economic growth for France. Elections in Greece also depressed markets in the earlier part of yesterday’s trade after Greek political leaders struggled to find the support needed to form a coalition government. Voters sided with anti-bailout parties, calling into question the country’s ability to impose the measures needed to guarantee its future in the Euro-zone. Should the New Democracy leader fail to form a government, the responsibility will fall to the Syriza party which is a coalition of left-wing parties who have vowed to cancel the bailout terms between Greece, the EU and the IMF.

Markets ended higher despite the outcome of the elections after German factory orders exceeded analysts’ estimates and German Chancellor, Angela Merkel said she will receive French president-elect Francois Holland with “open arms” as they will work together to tackle the debt crisis.

Across the Atlantic stocks in the U.S. closed fairly mixed as the Dow Jones Industrial closed 0.23% to 13008.53, the S&P 500 rose 0.04% to 1369.58, and the NASDAQ closed 0.05% higher at 2957.76.

Currencies:
EUR: The Euro suffered losses across its major counterparts after French Socialist Francois Holland was elected President and the Greek voters sided with anti-bailout parties prompting concerns that austerity efforts in Europe may be derailed.

GBP: The Pound rose versus a weaker Euro yesterday after the Greek and French elections. Despite the data released a few weeks ago showing the UK has now entered into recession the Pound has been seen as a safer asset in Europe.

Commodities:
Gold: Gold fell in yesterday’s trade 0.19% to end the day at USD$ 1639.05/ounce.

Oil: Crude oil also declined 0.57% to close yesterday’s trade at USD$ 97.93/barrel.

For the latest rates call 020 7856 2490
Equity Indices: 07/05/12 Closing Prices                                       

BBA Libor: (Fixed 07/05/12)

Economic Data: (Tuesday 08/05/12)
GER: Industrial Output (Mar) 11:00 GMT
US: IBD Economic Optimism (May) 15:00 GMT
UK: Retail Sales (Apr) 00:01 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 across Europe were fairly mixed yesterday as the STOXX 600 Index was slightly up 0.05% at 257.53, the German DAX ended 0.24% lower at 6694.44, and the FTSE closed 0.15% higher at 5766.55.

Stocks outweighed negative comments made by the European Central Bank as corporate earnings from European entities reported better-than-expected first-quarter profit. The European Central Bank kept its benchmark interest rate unchanged at 1% yesterday and further comments by the President of the ECB erased gains. The President of the ECB, Mario Draghi commented that the central bank did not talk about cutting rates yesterday. He spoke about how the ECB still expects a gradual economic recovery this year, highlighting that “downside risks” still prevail and the outlook has become “more uncertain”.

Markets also reacted to further negative news as data showed that ISM Non-manufacturing in the U.S. fell from a reading of 56 in March to 53.5 in April. In addition more U.S. data released yesterday showed that fewer American’s than forecast filed applications for unemployment benefits last week.

U.S. stocks also fell yesterday as the Dow Jones Industrial Average was down 0.47% to 13206.59, the S&P 500 dropped 0.77% to 1391.57, and the NASDAQ retreated 1.16% to 3024.30 after yesterday’s disappointing U.S. data.

Currencies:
EUR: The Euro traded a volatile session yesterday versus its counterparts before and after the ECB’s rate decision. The EUR was slightly higher versus the Pound before the rate decision however fell sharply after. Despite the sharp fall the single currency rebounded and traded slightly higher versus the Pound.

GBP: The Pound remained at a 22-month high versus the Euro yesterday as concerns about debt and economic weakness in the Euro-zone pushed towards the considered safe-haven Pound.

Commodities:
Gold: Gold ended yesterday’s trade at USD$ 1635.92/ounce

Oil: Oil fell in yesterday’s trade ending the day at USD$ 102.58/barrel.

Economic Data: Friday 04/05/12
UK: Halifax House Prices (Apr) 07:00 GMT
GER: Services PMI (Apr) 08:00 GMT
EU: Services PMI (Apr) 08:00 GMT
EU: Retail Sales (Mar) 09:00 GMT
US: Non-Farm Payrolls (Apr) 12:30 GMT
US: Unemployment Rate (Apr) 12:30 GMT
CA: Ivey PMI (Apr) 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:
Stocks in Europe fell yesterday with the STOXX 600 Index ending the day at 257.39, the German DAX fell 0.75% to 6710.77, and the FTSE fell 0.93% to 5758.11. Stocks fell after reports showed that an unexpected increase in German unemployment outweighed reports that manufacturing expended in the U.S. and China. German unemployment increased in April at a seasonally adjusted 19,000 to 2.87 million. Further losses came after U.S. data showed that U.S. employers added fewer payrolls than forecast and Euro-area unemployment rose to a 15-year high. Across the Atlantic the Dow Jones Industrial fell 0.08% to 13268.57, the S&P 500 fell 0.25% to 1402.31, and the NASDAQ was up 0.31% to 3059.85.

Currencies:
EUR: The Euro remained weak yesterday versus most of its major counterparts adding to three days of declines after investors and traders are speculating that the European Central Bank will hint for further stimulus measures to counter Europe’s debt crisis after today’s policy meeting.

GBP: The pound was slightly down yesterday versus the U.S. Dollar but rose to a 22-month high versus the Euro following weakness in the single currency which came after worse than expected Euro-zone unemployment.

Commodities:
Gold: Gold fell in yesterday’s trade closing the day at USD$ 1652.89/ounce.

Oil: Oil also declined to end the day at USD$ 105.22/barrel.

For the latest rates call 020 7856 2490

Equity Indices: 02/05/12 Closing Prices                                       

BBA Libor: (Fixed 02/05/12)

Economic Data: (Thursday 03/05/12)
UK: Nationwide House Price (Apr) 07:00 GMT
UK: Services PMI (Apr) 09:30 GMT
EU: Producer Prices (Mar) 10:00 GMT
EU: ECB Rate Decision (May) 12:45 GMT
US: Initial Jobless Claims (w/k) 13:30 GMT
US: Continued Jobless Claims (w/k) 13:30 GMT
US: Productivity (Q1) 13:30 GMT
US: ISM Manufacturing PMI (Apr) 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.