Australia AiG Performance of Mfg Index increased to 53.5 in February from previous 51.5

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Feb 29, 2016

DAX holds neutral stance in the short-term

Stocks in Europe ended the day generally higher, supported by a recovery in oil prices, which lead energy-related shares higher. Nevertheless, the German DAX closed 17 points lower at 9,495.40, weighed by poor European data, and diminishing optimism among investors, after G20 policymakers failed to come up with new measures to fight the ongoing economic slowdown.

USD/JPY guns through stops below 112.50

USD/JPY has fallen heavily in thin market conditions, taking the exchange rate all the way to 112.20 from a NY close of 112.70, in what appears to be a stop-loss driven move after bulls finally gave up the protection of the 112.50 mid round number.