SamTrader1
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Equities
Asian markets closed mostly higher, following Wall Street’s advance on Monday. The Nikkei rose .3%, and the Shanghai Composite gained .6%. Australia’s ASX 200 dropped .7%, bucking the trend. Markets in Hong Kong and South Korea were closed.
China released trade data which showed a huge rise in the trade surplus, rising to $11.4 billion in April.
European markets rallied strongly as investors dismissed concerns over Greece’s debt. An auction in Greek debt was deemed a success, reassuring investors. The FTSE gained 1.3% and the DAX rose 1.2%. Greek banks led the advance, rising 5.4%.
FTSE Gains 1.3% as European Markets Rally
US extended their gains, with the Dow rising 76 points to 12760, and the Nasdaq up 1%.
Microsoft announced it would buy Skype for $8.5 billion. Microsoft shares dropped .6%, while Ebay, which has a 30% stake in Skype, gained 2.5%.
Dean Foods rocketed 11.5% higher after beating earnings expectations.
Treasuries and Commodities
Bonds fell, as import price data showed price rising faster than expected, fueling inflation concerns. 10-year notes fell 12/32 to yield 3.2%, and 30-year notes dropped 18/32 to yield 4.34%.
Commodities continued their advance, as investors took advantage of last week’s steep declines. Crude rose 1% to 103.55 and gasoline futures gained 2.6%. Metals advanced, led by silver which jumped 3.9% to 38.55 while gold added 13.50 to 1516.70. Copper rose .9% to 4.052.
Agricultural futures closed mostly higher, as sugar surged 4.3% and wheat rose 1%.
Currencies
The US dollar ended mixed against major currencies. Among the gainers, the Euro rose .3% to 1.4405, recovering from early losses, and the Australian dollar climbed .5% to 1.0838. The Swiss Franc skidded .9% to .8804, while the Yen dropped .7%, as the appeal of safe haven currencies diminished.
Economic Outlook
Wholesale inventories rose 1.1% in March, slightly more than expected, but the NFIB small business index showed a rise in optimism. Import Prices rose by 2.2% in April, more than expected, but lower than March’s jump of 2.6%.
Wednesday’s reports will include the International Trade Balance, weekly mortgage applications and weekly oil inventories.
Earnings are due from Toyota, Cisco and Symantec.
By, BinaryOPtionStrategy.com
Asian markets closed mostly higher, following Wall Street’s advance on Monday. The Nikkei rose .3%, and the Shanghai Composite gained .6%. Australia’s ASX 200 dropped .7%, bucking the trend. Markets in Hong Kong and South Korea were closed.
China released trade data which showed a huge rise in the trade surplus, rising to $11.4 billion in April.
European markets rallied strongly as investors dismissed concerns over Greece’s debt. An auction in Greek debt was deemed a success, reassuring investors. The FTSE gained 1.3% and the DAX rose 1.2%. Greek banks led the advance, rising 5.4%.
FTSE Gains 1.3% as European Markets Rally
US extended their gains, with the Dow rising 76 points to 12760, and the Nasdaq up 1%.
Microsoft announced it would buy Skype for $8.5 billion. Microsoft shares dropped .6%, while Ebay, which has a 30% stake in Skype, gained 2.5%.
Dean Foods rocketed 11.5% higher after beating earnings expectations.
Treasuries and Commodities
Bonds fell, as import price data showed price rising faster than expected, fueling inflation concerns. 10-year notes fell 12/32 to yield 3.2%, and 30-year notes dropped 18/32 to yield 4.34%.
Commodities continued their advance, as investors took advantage of last week’s steep declines. Crude rose 1% to 103.55 and gasoline futures gained 2.6%. Metals advanced, led by silver which jumped 3.9% to 38.55 while gold added 13.50 to 1516.70. Copper rose .9% to 4.052.
Agricultural futures closed mostly higher, as sugar surged 4.3% and wheat rose 1%.
Currencies
The US dollar ended mixed against major currencies. Among the gainers, the Euro rose .3% to 1.4405, recovering from early losses, and the Australian dollar climbed .5% to 1.0838. The Swiss Franc skidded .9% to .8804, while the Yen dropped .7%, as the appeal of safe haven currencies diminished.
Economic Outlook
Wholesale inventories rose 1.1% in March, slightly more than expected, but the NFIB small business index showed a rise in optimism. Import Prices rose by 2.2% in April, more than expected, but lower than March’s jump of 2.6%.
Wednesday’s reports will include the International Trade Balance, weekly mortgage applications and weekly oil inventories.
Earnings are due from Toyota, Cisco and Symantec.
By, BinaryOPtionStrategy.com