Thursday 28 March 2013

ASIAN STOCKS


Asian shares eased and the euro remained under pressure on Thursday as investors fretted over the euro zone after a weak debt auction in Italy and the potential for a run on Cyprus's banks when they reopen later in the day.

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U.S.STOCKS

The US equity markets recovered from day’s lows to end mixed on Wednesday, but investors were still worried about the chance of a run on Cypriot banks and its possible implications for other euro-zone lenders. The S&P 500 Index was slightly below its closing high.


U.S.TREASURIES


Ten-year Treasuries were last up 17/32 in price to yield 1.85 percent, down from 1.91 percent late on Tuesday.

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S&P

The S&P 500 went down just 0.92 of a point to 1,562.85.


FTSE


London's blue chips closed down 11.81 points, or 0.2 percent at 6,387.56, above the intraday low of 6,344.19 and bouncing off 6,380, its 3-month rising support level – one technical measure of support for a market that is trending up when viewed in the longer term.

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NIKKEI

The Nikkei dropped 0.8 percent to 12,390.18, staying below its 5-day moving average of 12,448.48.



EURO


The euro languished at four-month lows on Thursday, having suffered a further setback as a rise in Italy's funding costs weighed on markets already worried about the ramifications of Cyprus' controversial rescue deal.


DOLLAR


The dollar has firm support at 93.78 yen, kijun line on its daily Ichimoku charts.



U.S.CRUDE


 U.S. May crude rose 24 cents to settle at $96.58 a barrel, having traded from $95.58 to $96.84, which was the highest intraday price in five weeks.



BRENT CRUDE


Brent May crude rose 33 cents to settle at $109.69 a barrel, after reaching $109.98, testing resistance near its 200-day moving average of $109.90. The session low was $108.85.



OIL


Crude oil prices rose on Wednesday in choppy trading as U.S. heating oil rallied on falling distillate inventories, while rising crude oil stockpiles in the United States and the stronger dollar limited gains.



LME COPPER


Three-month copper on the London Metal Exchange  climbed by 0.14 percent to $7,618.75 a tonne by 0211 GMT, reversing a small decline from the previous session.



COPPER


London copper edged up on Thursday from a one-week low hit in the previous session as traders closed out short positions ahead of a long holiday weekend, while prices were set to end the month and quarter down due to a lack of robust Chinese demand.


PLATINUM

Platinum and palladium also faltered. Platinum edged up 0.2 percent to $1,578 an ounce .



SILVER

Silver inched up 0.1 percent to $28.73 an ounce. 





U.S.GOLD


U.S. gold for April was at $1,605.50 an ounce, down 70 cents.




SPOT GOLD


Spot gold rose 0.5 percent to $1,606 an ounce by 2:29 p.m. EDT (1829 GMT), breaking three consecutive sessions of losses.




GOLD


Gold was little changed at $1,604.91 an ounce by  0025 GMT. Gold was on track to rise about 1.6 percent in March, which would be its first monthly gain after posting losses in  the last five months.



U.S.MARKET UPDATE


The US equity markets recovered from day’s lows to end mixed on Wednesday, but investors were still worried about the chance of a run on Cypriot banks and its possible implications for other euro-zone lenders. The S&P 500 Index was slightly below its closing high.
The Dow Jones industrial average slipped 33.49 points to close at 14,526.16. The S&P 500 went down just 0.92 of a point to 1,562.85. Meanwhile, the NasdaqComposite gained 4.04 points to end at 3,256.52.

Tuesday 26 March 2013

ASIAN STOCKS


Asian shares eased and the euro wobbled on Tuesday as investors worried about potential risks from the Cyprus bailout scheme, after initial rallies on the last-minute rescue provided opportunities to book some profit.


U.S.STOCKS


U.S. stocks fell on Monday but pulled off their session lows by late afternoon after the president of the
Eurogroup tried to clarify his comments on the Cyprus bailout.


U.S.TREASURIES


Benchmark 10-year Treasuries were last up 7/32 in price to yield 1.91 percent, up from a low of 1.90 percent. The debt's yields earlier rose as high as 1.97 percent on optimism over the Cyprus agreement.


S&P

The Standard & Poor's 500 Index dipped 5.20 points, or 0.33 percent, to close at 1,551.69.

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