SamTrader1
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By, http://www.BinaryOptionStrategy.com
Equities
The Nikkei rose 31 points to 10836, extending its winning streak to 4 days, and the Hang Seng gained .6% to 23302. Elsewhere in Asia, China’s Shanghai Composite ended up a mere .1%, while the Kospi slid .6%.
Most European markets closed flat, while the Dax slipped .2%. The food and beverage sector rose .4%, spurred by strong sales growth from Nestle.
US markets managed to close with a small gain after opening lower. The Dow rose 30 points to 12318, and the S&P closed up .3% at 1340.5.
Several stocks rallied on strong earnings. Weight Watchers soared 45.6% after blowing pat analyst estimates. Drink maker, Dr. Pepper, rallied 5.7% on strong earnings. Chip maker, Nvidia jumped 9.8% after reporting strong chip sales.
Treasuries and Commodities
Treasuries rose, despite data showing a rise in inflation. 10-year notes rose 12/32 to yield 3.57%, while 30-yer notes rose 6/32 to yield 4.67%.
Oil jumped 1.43 to 86.42, while natural gas slipped 1.3%. Metals rose, le by silver which rocketed 3.6% higher, settling at 31.73. Copper, gold and platinum all rose .8%.
Silver Jumps 3.6%
Agricultural futures saw strong gains, with cotton up 3.6%, corn gaining 3.2%, and coffee rising 3.4%.
Currencies
The Swiss Franc leaped 1.1% against the dollar, closing at .9494, which analysts have attributed to tensions in the Middle East, as Iran plans on sending warships through the Suez Canal. Interestingly, these concerns did little to affect the Israeli shekel, which is up nearly 2% for the week.
The dollar once again fell against the majors, with the Euro up .3% and the Pound gaining .5%. The Australian Dollar rallied .8%, and the Yen rose .4%.
Economic Outlook
CPI data showed a .4% rise in consumer prices, more than expected. The Philadelphia Fed Index came in at 35.9, blowing past expectations, and reaching its highest level in 7 years.
Weekly unemployment claims came in slightly below expectations (410K vs. 401K).
-Bradley Welcher
Equities
The Nikkei rose 31 points to 10836, extending its winning streak to 4 days, and the Hang Seng gained .6% to 23302. Elsewhere in Asia, China’s Shanghai Composite ended up a mere .1%, while the Kospi slid .6%.
Most European markets closed flat, while the Dax slipped .2%. The food and beverage sector rose .4%, spurred by strong sales growth from Nestle.
US markets managed to close with a small gain after opening lower. The Dow rose 30 points to 12318, and the S&P closed up .3% at 1340.5.
Several stocks rallied on strong earnings. Weight Watchers soared 45.6% after blowing pat analyst estimates. Drink maker, Dr. Pepper, rallied 5.7% on strong earnings. Chip maker, Nvidia jumped 9.8% after reporting strong chip sales.
Treasuries and Commodities
Treasuries rose, despite data showing a rise in inflation. 10-year notes rose 12/32 to yield 3.57%, while 30-yer notes rose 6/32 to yield 4.67%.
Oil jumped 1.43 to 86.42, while natural gas slipped 1.3%. Metals rose, le by silver which rocketed 3.6% higher, settling at 31.73. Copper, gold and platinum all rose .8%.
Silver Jumps 3.6%
Agricultural futures saw strong gains, with cotton up 3.6%, corn gaining 3.2%, and coffee rising 3.4%.
Currencies
The Swiss Franc leaped 1.1% against the dollar, closing at .9494, which analysts have attributed to tensions in the Middle East, as Iran plans on sending warships through the Suez Canal. Interestingly, these concerns did little to affect the Israeli shekel, which is up nearly 2% for the week.
The dollar once again fell against the majors, with the Euro up .3% and the Pound gaining .5%. The Australian Dollar rallied .8%, and the Yen rose .4%.
Economic Outlook
CPI data showed a .4% rise in consumer prices, more than expected. The Philadelphia Fed Index came in at 35.9, blowing past expectations, and reaching its highest level in 7 years.
Weekly unemployment claims came in slightly below expectations (410K vs. 401K).
-Bradley Welcher