Asian shares recovered after lacklustre U.S. data eased concerns
about an early end to the Federal Reserve's strong stimulus programme which has
sharpened investor appetite for risk.
Friday 31 May 2013
U.S.STOCKS
U.S. stocks rose on Thursday, rebounding from the previous
session's losses, as tepid economic data eased concerns the U.S. Federal
Reserve would begin to gradually scale back its policy of stimulating growth.
U.S.TREASURIES
U.S. Treasuries traded nearly unchanged on Thursday as
investors waited for clues about future moves by the U.S. Federal Reserve,
which has hinted recently it could soon slow its massive monetary easing
program.
SPDR GOLD TRUST
Holdings in SPDR Gold Trust, the world's largest gold-backed
exchange-traded fund, rose on Wednesday for the first time since May 9, to
1,013.15 tonnes. But the holdings are still near four-year lows as investors
jumped to higher-yielding stocks this year.
FTSE
Britain's top share index edged up from two-week lows on
Thursday, with some investors seeing value in previously laggard miners, but
low volumes and the small scale of the rise signalled caution.
NIKKEI
The Nikkei, which slumped 5.2 percent to a five-week low on
Thursday, rose 2.4 percent to 13,914.42 in mid-morning trade.
YEN
While the yen showed little immediate response to a slew of generally
positive Japanese economic data, traders were focused on whether the data would
help stem a steep 6-day slide in Tokyo shares since late last week.
DOLLAR
The U.S. dollar hovered near a three-week low against the
euro on Friday after unexpectedly weak U.S. economic data dampened expectations
that the Federal Reserve will reduce its monetary stimulus soon.
SILVER
Silver extended gains to a one-week high of $23.09 an ounce
and was up 0.98 percent at $22.70 per ounce at 3:46 p.m. EDT (1946 GMT).
U.S.CRUDE
U.S. crude futures settled 48 cents higher at $93.61 per
barrel, rising one-half percent after sinking as low as $91.65.
BRENT CRUDE
Brent crude oil futures settled 24 cents lower at $102.19 a
barrel after trading between $101.08 and $102.85.
CRUDE OIL
Crude oil futures ended mixed on Thursday, with Brent
falling on a weak global economic outlook and U.S. crude lifted by optimism
about the Federal Reserve's stimulus program.
LME COPPER
Three-month copper on the London Metal Exchange had gained
0.3 percent to $7,343.50 a tonne by 0108 GMT. The metal is up 4.1 percent for
the month.
COPPER
London copper futures rose for a second session on Friday
and are on course to post their first monthly gain in four after soft U.S. data
helped ease fears the Federal Reserve may soon scale down its monetary
stimulus, boosting risk appetite.
SPOT GOLD
Spot gold rose 0.14 percent to $1,415.21 an ounce by 0027
GMT, after rising to a two-week high of $1,417.81 on
GOLD
Gold climbed on Friday, hovering near a two-week high hit in
the previous session, as weak U.S. economic data eased fears that the Federal
Reserve could soon wind down its bullion-friendly bond buying programme.
U.S.MARKET UPDATE
U.S. stocks rose on Thursday, rebounding from the previous
session's losses, as tepid economic data eased concerns the U.S. Federal
Reserve would begin to gradually scale back its policy of stimulating growth.
The Dow Jones industrial average was up 21.73 points, or
0.14 percent, at 15,324.53. The Standard & Poor's 500 Index was up 6.05 points, or 0.37 percent, at
1,654.41. The Nasdaq Composite Index was
up 23.78 points, or 0.69 percent, at 3,491.30.
GM BULLION OPENING BUZZ
GM BULLION OPENING BUZZ:-
GOLD:- 27176
SILVER:- 44377
COPPER:-414.70
NICKEL:- 835.10
CRUDE:- 5290
NATURALGAS:- 229.60
LEAD:- 122.85
ZINC:- 106.30
ALUMINIUM:- 106
GOLD:- 27176
SILVER:- 44377
COPPER:-414.70
NICKEL:- 835.10
CRUDE:- 5290
NATURALGAS:- 229.60
LEAD:- 122.85
ZINC:- 106.30
ALUMINIUM:- 106
GM GOOD MORNING BULLION MARKET UPDATE
GM GOOD MORNING BULLION MARKET UPDATE:-
GOLD TREND: SIDEWAYS
STRATEGY:- SELL ON HIGH
S1- 26400 S2- 26200
R1- 26800 R2- 27000
SILVER TREND: SIDEWAYS
STRATEGY ELL ON HIGH
S1-43000 S2- 42500
R1- 44000 R2- 44500
COPPER TRENDIDEWAYS
STRATEGY:- BUY ON DIPS
S1-408 S2- 404
R1-414 R2- 418
GM GOOD MORNING BULLION MARKET UPDATE
GM
GOOD MORNING BULLION MARKET UPDATE:-
CRUDE TREND: BEARISH
STRATEGY :-SELL ON HIGH
S1-5200 S2- 5150
R1- 5320 R2- 5400
NATURAL GAS TREND: SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-225 S2- 220
R1-235R2- 240
LEAD TREND: CONSOLIDATE
STRATEGY:- BUY ON DIPS
S1-119 S2- 117
R1- 124 R2- 126
Thursday 30 May 2013
ASIAN STOCKS
Asian shares were pressured on Thursday, undermined by an overnight
pullback in global equities as investors assessed the implications of a
potential softening of the Federal Reserve's monetary stimulus programme.
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