Thursday 28 February 2013

ASIAN STOCKS


Asian shares extended gains for a second day on Thursday as sentiment improved after U.S. Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to strong stimulus, while  Italy found investor confidence in its debt despite political turmoil.

U.S.STOCKS


U.S. stocks rose on Wednesday, with major indexes posting their best daily gains since early January, as Federal Reserve Chairman Ben Bernanke remained steadfast in supporting the Fed's stimulus policy and data pointed to economic improvement.


U.S.TREASURIES


Benchmark 10-year Treasuries were last up 2/32 in price to yield 1.88 percent, down from 1.89 percent late on Tuesday. The prices have rallied since yields hit around 2 percent last week.


S&P

The Standard & Poor's 500 Index was up 19.07 points, or 1.27 percent, at 1,516.01.

0731-6060666   

FTSE


The benchmark UK index FTSE 100 index closed up 55.44 points, or 0.9 percent, at 6,325.88 points, recovering around two-thirds of Tuesday's 85 point drop suffered after Italian elections ended in a stalemate.


NIKKEI


The Nikkei climbed 1.9 percent to 11,462.63 by the midday break, breaking above its five-day moving average of 11,432.77, after shedding 3.5 percent in the previous two sessions. The index is tracking in a range close to a 53-month high of 11,662.52 marked on Monday.


EURO


The euro held its ground against the dollar and yen on Thursday, with euro bulls taking heart after a relatively smooth auction of Italian government bonds helped ease worries about the country's inconclusive election.

PLATINUM


Spot platinum dropped 1.5 percent to $1,593.50


SILVER


Among other precious metals, silver was down 1.4 percent to $28.94.

U.S.CRUDE


U.S. crude gained 54 cents to $93.17, supported by the EIA's report of a 75,000 barrel decline in crude oil inventories at Cushing, Oklahoma, delivery point of the benchmark contract.


BRENT CRUDE


Brent crude shed 9 cents to $112.62 a barrel by 1725 GMT, earlier hitting a low of $112.23, its weakest point since Jan. 23.

LME COPPER


Three-month copper on the London Metal Exchange had risen 0.60 percent to $7,917.50 a tonne by 0145 GMT, building on small gains in the previous session.


COPPER


London copper climbed for a third session on Thursday as the U.S. Federal Reserve reaffirmed its commitment to existing stimulus measures, while an improving outlook for demand also bolstered prices.    

SPDR GOLD


As a gauge of investor interest, holdings of the SPDR Gold Trust, the world's top gold-backed exchange-traded fund, fell around 2.5 tonnes from the previous session to 1,270.44 tonnes on Feb. 26, in its sixth session of decline.


U.S.GOLD


U.S. gold inched up $1.40 to $1,597.10.


SPOT GOLD


Spot gold traded little changed at $1,597.60 an ounce by 0048 GMT, on course for a monthly decline of 4 percent. It has been in the red for five straight months, the longest such losing streak since late 1996 to early 1997.


GOLD


Gold traded little changed on Thursday, but was headed for its longest stretch of monthly declines in more than 16 years as its safe-haven appeal has dimmed with the global economy showing signs of recovery.

U.S.MARKET UPDATE


U.S. stocks rose on Wednesday, with major indexes posting their best daily gains since early January, as Federal Reserve Chairman Ben Bernanke remained steadfast in supporting the Fed's stimulus policy and data pointed to economic improvement.

The Dow Jones industrial average was up 176.32 points, or 1.27 percent, at 14,076.45. The Standard & Poor's 500 Index was up 19.07 points, or 1.27 percent, at 1,516.01. The Nasdaq Composite Index was up 32.61 points, or 1.04 percent, at 3,162.26. 


Wednesday 27 February 2013

GM BULLION OPENING BUZZ


GM BULLION OPENING BUZZ:- 

GOLD:-30030
SILVER:-54500
COPPER:-424.9
NICKEL:-902 
CRUDE:-5019 
NATURALGAS:-188.10 
LEAD:-124.95 
ZINC:-113.80 
ALUMINIUM-107.5





ASIAN STOCKS

Asian shares rebounded on Wednesday as U.S. equities rose on solid data and the Federal Reserve's affirmation of its commitment to monetary stimulus, but investors remained wary of political gridlock in Italy reigniting the euro zone financial crisis.

U.S.STOCKS

The US markets ended near their best levels, recovering from their worst one-day drop in 2013, following Fed Chairman Ben Bernanke’s speech and buoyed by a batch of upbeat economic reports.  The CBOE volatility index tumbled more than 11 percent to close below 17.


U.S.TREASURIES


After the 10-year note yield posted its biggest one-day drop since early November on Monday, it rose to 1.87 percent on Tuesday from 1.86 percent late on Monday. The 30-year bond price rose 1/32 on Tuesday after rising nearly two full points on Monday.


FTSE


The FTSE 100 ended down 84.93 points, or 1.3 percent, at 6,270.44, its lowest close since Feb. 8. Some strategists, however, reckoned any losses would be short-lived.

NIKKEI


The Nikkei dropped 0.4 percent to 11,356.06 after opening a tad higher. The index fell 2.3 percent on Tuesday on concerns an inconclusive election in Italy could reignite the eurozone debt crisis, moving away from a 53-month high of 11,662.52 touched on Monday.

YEN


The yen held near one-month highs on Wednesday, remaining susceptible to bursts of short-covering as political uncertainty in Italy kept the euro under the gun.