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2 May 2013

US ISM New York index rises to 58.3 in Apr from 51.2 in Mar

May 2, 2013

American equity markets open higher

The US stock rallied Thursday, after a grim session yesterday and mounting concerns over the US stimulus program roiled marketsa. In the United States, In the United States, Initial Jobless Claims (April 26) came in at 324K, compared with a projection of 345K. Moreover, the Trade Balance (March) was reported at $-38.8B, vs. a consensus of $-42.0B.

Forex: USD/JPY slips back below 98.00

The USD/JPY rallied to fresh highs for the day, briefly rising above the 98.00 level to score a peak of 98.38, propelled by positive US data, Kuroda comments and the ECB decision to cut its main refi rate.