SamTrader1
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By, BinaryOptionstrategy.com
Equities
Most Asian markets ended little changed. The Bank of Japan said it is ready to take additional measures to support the Japanese economy’s recovery from the recent disaster. The Shanghai Composite rose .2%, led by banks.
Another earthquake hit Japan during the European afternoon session, and a tsunami warning was issued, but thankfully did not materialize.
European markets fell as another earthquake panicked investors. The FTSE fell .6% to 6007, while the Dax and CAC40 dropped .5%. In Portugal, investors cheered the country’s request for a bailout, sending the PSI 20 index up 1.2%.
Dow Recovers After Morning Selloff
US shares initially dropped at the open on news of the earthquake, but clawed back throughout the day to end with minor losses. The Dow eased 17 points to 12409, after dropping to 12328. The Nasdaq and S&P 500 both fell less than .2%.
Bed Bath & Beyond jumped 10.5% after reporting strong earnings. Drug company XenoPort surged 56% higher after the FDA approved Horizant, a pill designed to treat Restless Legs Syndrome.
Treasuries and Commodities
Bonds ended mixed as 2-7 year notes rose modestly, while 30-yar notes dropped 12/32 to yield 4.62%. The benchmark 10-year note eased 1/32 to yield 3.55%.
In energy, US crude continued its rally, adding 1.37 to 110.20. Natural gas sank 2.2% to 4.056.
Metals rose, with copper once again taking the lead, climbing 1.1% to 4.42. Gold gained .3% to 1462.10 and silver tacked on another .29 to 39.68.
Currencies
As expected, the ECB raised interest rates by .25% to 1.25%, and the Bank of England held interest rates at .5%. Currencies traded narrowly throughout the day. The Euro eased .2% to 1.4303, while the Swiss Franc rose .3% to .9160. The yen rose .6% to 84.93 in the wake of yesterday’s earthquake. The Australian Dollar briefly hit a new record high of 1.0508, and ended up .2% at 104.58.
Economic Outlook
Weekly jobless claims continue to drop, falling to 382K, better than the 38K analysts had expected.
The House of Representatives passed a bill to fund the government for one week, but President Obama said he will veto it, demanding an agreement that will extend to the end of the fiscal year in September.
Canada will report unemployment figures on Friday, as well as housing starts. In the US, the only major report will be Wholesale Inventories.
Equities
Most Asian markets ended little changed. The Bank of Japan said it is ready to take additional measures to support the Japanese economy’s recovery from the recent disaster. The Shanghai Composite rose .2%, led by banks.
Another earthquake hit Japan during the European afternoon session, and a tsunami warning was issued, but thankfully did not materialize.
European markets fell as another earthquake panicked investors. The FTSE fell .6% to 6007, while the Dax and CAC40 dropped .5%. In Portugal, investors cheered the country’s request for a bailout, sending the PSI 20 index up 1.2%.
Dow Recovers After Morning Selloff
US shares initially dropped at the open on news of the earthquake, but clawed back throughout the day to end with minor losses. The Dow eased 17 points to 12409, after dropping to 12328. The Nasdaq and S&P 500 both fell less than .2%.
Bed Bath & Beyond jumped 10.5% after reporting strong earnings. Drug company XenoPort surged 56% higher after the FDA approved Horizant, a pill designed to treat Restless Legs Syndrome.
Treasuries and Commodities
Bonds ended mixed as 2-7 year notes rose modestly, while 30-yar notes dropped 12/32 to yield 4.62%. The benchmark 10-year note eased 1/32 to yield 3.55%.
In energy, US crude continued its rally, adding 1.37 to 110.20. Natural gas sank 2.2% to 4.056.
Metals rose, with copper once again taking the lead, climbing 1.1% to 4.42. Gold gained .3% to 1462.10 and silver tacked on another .29 to 39.68.
Currencies
As expected, the ECB raised interest rates by .25% to 1.25%, and the Bank of England held interest rates at .5%. Currencies traded narrowly throughout the day. The Euro eased .2% to 1.4303, while the Swiss Franc rose .3% to .9160. The yen rose .6% to 84.93 in the wake of yesterday’s earthquake. The Australian Dollar briefly hit a new record high of 1.0508, and ended up .2% at 104.58.
Economic Outlook
Weekly jobless claims continue to drop, falling to 382K, better than the 38K analysts had expected.
The House of Representatives passed a bill to fund the government for one week, but President Obama said he will veto it, demanding an agreement that will extend to the end of the fiscal year in September.
Canada will report unemployment figures on Friday, as well as housing starts. In the US, the only major report will be Wholesale Inventories.