SamTrader1
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Equities
Most Asian markets closed lower, with the Kospi sinking 1.3% and the ASX 200 down .8%. Hong Kong’s Hang Seng Index eased .4%, while the Shanghai Composite rose .7%. Japanese markets were closed for a holiday.
In Europe, the major indexes closed mixed as the FTSE rose .2%, while the DAX dropped .4% and the CAC40 closed down .3%. Deutsche Bank fell 2.1% after the US government filed a billion dollar lawsuit against the bank, accusing the bank of fraud.
In the US, the Dow closed flat, while the Nasdaq dropped .8%. The S&P 500 fell .3%, and the VIX spiked above 17 before closing up 4.4% at 16.70.
Alcoa shares rallied 2.6% on rumors that Rio Tinto had plans to buy the company.
Beazer Homes fell 5% after reporting a large loss than expected, and Pfizer dropped 2.8% after revenues came in below estimates. Sears tumbled 9.9% after forecasting a loss for the quarter.
Treasuries and Commodities
Bonds rose with 10-year notes up 7/32 to yield 3.25% and 30-year notes up 14/32 to yield 4.35%.
Commodities sold off, led down by silver which tumbled 7.6% to 42.576, and had fallen nearly 10% earlier in the session. Oil fell 2.2% to 111.05, and gold shed 1.5%, closing at 1533.20. Copper was a bright spot, rising 1.4% to 4.24.
Silver Tumbles Nearly 20% in less than 3 Days
Currencies
The Pound fell 1.1% to 1.6473, following news that the UK’s manufacturing PMI data was significantly below estimates. The currency market experienced a flight to safety, as the Swiss Franc and Yen both gained .4%, while the Australian dollar sank .7%. The Euro inched up less than .1%.
Economic Outlook
Factory Orders rose 3%, significantly more than expected, and auto sales were slightly above expectations.
Wednesday’s heavy dose of reports will include the ADP employment report, the Challenge job cut report, the ISM non-manufacturing index, weekly oil inventories and weekly mortgage applications.
Earnings are due from Kellogg, AOL, Electronic Arts, Metlife and Whole Foods.
By BinaryOptionStrategy.com
Most Asian markets closed lower, with the Kospi sinking 1.3% and the ASX 200 down .8%. Hong Kong’s Hang Seng Index eased .4%, while the Shanghai Composite rose .7%. Japanese markets were closed for a holiday.
In Europe, the major indexes closed mixed as the FTSE rose .2%, while the DAX dropped .4% and the CAC40 closed down .3%. Deutsche Bank fell 2.1% after the US government filed a billion dollar lawsuit against the bank, accusing the bank of fraud.
In the US, the Dow closed flat, while the Nasdaq dropped .8%. The S&P 500 fell .3%, and the VIX spiked above 17 before closing up 4.4% at 16.70.
Alcoa shares rallied 2.6% on rumors that Rio Tinto had plans to buy the company.
Beazer Homes fell 5% after reporting a large loss than expected, and Pfizer dropped 2.8% after revenues came in below estimates. Sears tumbled 9.9% after forecasting a loss for the quarter.
Treasuries and Commodities
Bonds rose with 10-year notes up 7/32 to yield 3.25% and 30-year notes up 14/32 to yield 4.35%.
Commodities sold off, led down by silver which tumbled 7.6% to 42.576, and had fallen nearly 10% earlier in the session. Oil fell 2.2% to 111.05, and gold shed 1.5%, closing at 1533.20. Copper was a bright spot, rising 1.4% to 4.24.
Silver Tumbles Nearly 20% in less than 3 Days
Currencies
The Pound fell 1.1% to 1.6473, following news that the UK’s manufacturing PMI data was significantly below estimates. The currency market experienced a flight to safety, as the Swiss Franc and Yen both gained .4%, while the Australian dollar sank .7%. The Euro inched up less than .1%.
Economic Outlook
Factory Orders rose 3%, significantly more than expected, and auto sales were slightly above expectations.
Wednesday’s heavy dose of reports will include the ADP employment report, the Challenge job cut report, the ISM non-manufacturing index, weekly oil inventories and weekly mortgage applications.
Earnings are due from Kellogg, AOL, Electronic Arts, Metlife and Whole Foods.
By BinaryOptionStrategy.com