SamTrader1
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By, http://www.BinaryOptionStrategy.com
Equities
Asian markets ended Friday mixed. Korea’s Kospi dropped 1.6% even though the central bank held rates steady, and Austrlia’s ASX 200 ended a 7-day wining streak, slipping .7%. On the winning side, the Hang Seng rose .5% and the Shanghai Composite edged up .3%. Japanese markets were closed.
In Europe, markets rallied strongly in the afternoon, erasing morning losses, to end higher. The FTSE rose .7% to 6063 after falling as low as 5973. The Dax gained .4%, and the CAC40 ended up .2%. Nokia shares fell 14%, on news it will partner with Microsoft for its handheld devices, a move that investors fear will hurt profit margins.
Afternoon Rally Sends European Markets Higher
US markets rose, encouraged by news that Egypt’s President, Hosni Mubarak, resigned. The Dow rose 43 points to 12273, and the Nasdaq rallied .7% to 2809.
Expedia shares sank 17% after profits were less than expected, while Clorox shares rallied 7.6% after investor Carl Icahn announced a 9% ownership stake in the company.
Treasuries and Commodities
Bonds rallied, with the 10-year note rising 20/32 to yield 3.63% and 30-year noted gained 23/32 to yield 4.69%.
Commodities were mostly lower, with energy leading the declines. Crude oil fell 1.7% to 85.58, as supply concerns connected to Egypt faded. Natural gas slumped 2.2%, falling to 3.91.
Gold slipped $5.40 to 1360, and silver edged down .3% to 29.99. Copper eased 1 cent to 4.53.
Currencies
The dollar was mostly higher against major currencies, rising .5% against the Pound to 1.6004, and .3% vs. the euro to 1.3553. The yen eased .1% to 82.42, and the Swiss Franc slipped .4% to .9732.
The Canadian dollar rallied .8% to .9880 after Canadian trade balance figures showed a $3 billion surplus, whereas analysts had expected a deficit.
Economic Outlook
International trade showed a sharp widening of the trade deficit, jumping 5.9%, and slightly exceeding analyst estimates. Consumer sentiment rose to 75.1, better that expected, and reached an 8-month high.
Equities
Asian markets ended Friday mixed. Korea’s Kospi dropped 1.6% even though the central bank held rates steady, and Austrlia’s ASX 200 ended a 7-day wining streak, slipping .7%. On the winning side, the Hang Seng rose .5% and the Shanghai Composite edged up .3%. Japanese markets were closed.
In Europe, markets rallied strongly in the afternoon, erasing morning losses, to end higher. The FTSE rose .7% to 6063 after falling as low as 5973. The Dax gained .4%, and the CAC40 ended up .2%. Nokia shares fell 14%, on news it will partner with Microsoft for its handheld devices, a move that investors fear will hurt profit margins.
Afternoon Rally Sends European Markets Higher
US markets rose, encouraged by news that Egypt’s President, Hosni Mubarak, resigned. The Dow rose 43 points to 12273, and the Nasdaq rallied .7% to 2809.
Expedia shares sank 17% after profits were less than expected, while Clorox shares rallied 7.6% after investor Carl Icahn announced a 9% ownership stake in the company.
Treasuries and Commodities
Bonds rallied, with the 10-year note rising 20/32 to yield 3.63% and 30-year noted gained 23/32 to yield 4.69%.
Commodities were mostly lower, with energy leading the declines. Crude oil fell 1.7% to 85.58, as supply concerns connected to Egypt faded. Natural gas slumped 2.2%, falling to 3.91.
Gold slipped $5.40 to 1360, and silver edged down .3% to 29.99. Copper eased 1 cent to 4.53.
Currencies
The dollar was mostly higher against major currencies, rising .5% against the Pound to 1.6004, and .3% vs. the euro to 1.3553. The yen eased .1% to 82.42, and the Swiss Franc slipped .4% to .9732.
The Canadian dollar rallied .8% to .9880 after Canadian trade balance figures showed a $3 billion surplus, whereas analysts had expected a deficit.
Economic Outlook
International trade showed a sharp widening of the trade deficit, jumping 5.9%, and slightly exceeding analyst estimates. Consumer sentiment rose to 75.1, better that expected, and reached an 8-month high.