SamTrader1
Active member
- Messages
- 164
- Likes
- 0
By BinaryoptionStrategy.com
Equities
Asian markets rose, led by automakers after analysts said they expect a strong recovery in the second half of the year. The Nikkei rose .9% , and the Kospi rallied 1.6% led by Hyundai Motors which jumped 6.2% In China, the Shanghai Composite climbed 1%, and the Hang Seng rose .7%. Austalia lagged behind, rising just .3%, as losses in miners weighed on the index.
In Europe, major indexes ended higher, getting an afternoon lift after JP Morgan announced earnings which beat forecasts. The FTSE and CAC40 both rose .8%, while the Dax gained 1.1%.
US markets rose more moderately, led by the Nasdaq which closed .6% higher. The Dow rose .1% and the S&P 500 closed flat. Shares in JP Morgan closed down .8% after opening 1.5% higher.
Zoom technologies rocketed 31% higher after signing a licensing deal with Qualcomm.
Treasuries and Commodities
Bonds rose modestly, as hints of economic weakness encouraged purchases of fixed-income assets. 10-year notes rose 8/32 to yield 3.46% and 30-year notes rose 16/32 to yield 4.54%. A $21 billion auction of 10-year notes brought a high yield of 3.494% and a bid-to-cover ratio of 3.13.
Commodities mostly rose following Tuesday’s steep declines. US crude rose .6% to 106.92, while gasoline futures jumped 2.4% following a decline in inventories.
Metals ended mixed, as copper fell 2.4% to 4.28, while silver rose 1.3% and gold edged up .3%.
Similarly, softs ended mixed, as sugar futures fell 3.1% while cotton rallied 2.5%.
Currencies
The dollar ended mixed, as the Euro eased .2%, and the yen slipped .3% while the Australian dollar jumped .6% to 1.0506. The Swiss Franc hit a new record high of .8928, before bouncing back to ended up just .1% at .8962.
Swiss Franc Hits New Record High Against the Dollar
Economic Outlook
President Obama announced a plan for a $4 trillion deficit reduction plan, including a cancelation of Bush-era tax cuts. In other budget news, the IMF called on the US to cut its dangerously high level of debt, warning it could pose a threat to global economic growth.
The Fed’s Beige Book showed the US economy is improving, although slowly. Retails Sales rose .4% less than the .5% expected, while business inventories rose .5% less than analyst estimates.
Thursday’s reports will include PPI, and weekly jobless claims.
Earnings are due from Hasbro and Google.
Equities
Asian markets rose, led by automakers after analysts said they expect a strong recovery in the second half of the year. The Nikkei rose .9% , and the Kospi rallied 1.6% led by Hyundai Motors which jumped 6.2% In China, the Shanghai Composite climbed 1%, and the Hang Seng rose .7%. Austalia lagged behind, rising just .3%, as losses in miners weighed on the index.
In Europe, major indexes ended higher, getting an afternoon lift after JP Morgan announced earnings which beat forecasts. The FTSE and CAC40 both rose .8%, while the Dax gained 1.1%.
US markets rose more moderately, led by the Nasdaq which closed .6% higher. The Dow rose .1% and the S&P 500 closed flat. Shares in JP Morgan closed down .8% after opening 1.5% higher.
Zoom technologies rocketed 31% higher after signing a licensing deal with Qualcomm.
Treasuries and Commodities
Bonds rose modestly, as hints of economic weakness encouraged purchases of fixed-income assets. 10-year notes rose 8/32 to yield 3.46% and 30-year notes rose 16/32 to yield 4.54%. A $21 billion auction of 10-year notes brought a high yield of 3.494% and a bid-to-cover ratio of 3.13.
Commodities mostly rose following Tuesday’s steep declines. US crude rose .6% to 106.92, while gasoline futures jumped 2.4% following a decline in inventories.
Metals ended mixed, as copper fell 2.4% to 4.28, while silver rose 1.3% and gold edged up .3%.
Similarly, softs ended mixed, as sugar futures fell 3.1% while cotton rallied 2.5%.
Currencies
The dollar ended mixed, as the Euro eased .2%, and the yen slipped .3% while the Australian dollar jumped .6% to 1.0506. The Swiss Franc hit a new record high of .8928, before bouncing back to ended up just .1% at .8962.
Swiss Franc Hits New Record High Against the Dollar
Economic Outlook
President Obama announced a plan for a $4 trillion deficit reduction plan, including a cancelation of Bush-era tax cuts. In other budget news, the IMF called on the US to cut its dangerously high level of debt, warning it could pose a threat to global economic growth.
The Fed’s Beige Book showed the US economy is improving, although slowly. Retails Sales rose .4% less than the .5% expected, while business inventories rose .5% less than analyst estimates.
Thursday’s reports will include PPI, and weekly jobless claims.
Earnings are due from Hasbro and Google.
