Friday 27 September 2013

ASIAN STOCKS

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS gained 0.1 percent, with Australian shares scaling a five-year high, in sympathy with Wall Street shares, which broke a five-day losing streak on Thursday.

U.S.STOCKS

The S&P 500 and Dow snapped five-day losing streaks on Thursday on positive job market data but gains were limited as investors worried if Washington lawmakers would pass bills to avoid a government shutdown and possible US debt default on time.

U.S.TREASURIES

U.S. Treasuries prices slipped on Thursday, reversing some of their recent gains, after new jobless claims dropped and stock markets edged higher.

NIKKEI

The Nikkei shed 0.1 percent to 14,792.38 in mid-morning trade after opening a tad higher. The index is on track to add 0.2 percent this week.

DOLLAR

The dollar index last traded at 80.541, having risen 0.3 percent on Thursday thanks in part to a report showing fewer Americans filed new claims for jobless benefits last week.

U.S.CRUDE

U.S. crude for November delivery slipped 41 cents to $102.62 a barrel by 0040 GMT. The contract is down 2 percent for the week after hitting an 11-week low of $102.20 on Wednesday, a level it also touched on Thursday.

BRENT CRUDE

Brent oil dropped 23 cents to $108.98 per barrel, and is also on track for a third consecutive week of losses.

OIL

Oil prices firmed on Thursday in light trading, despite easing political worries and an improving supply picture, as traders sought bargains after sharp losses earlier this month.

LME COPPER

Three-month copper on the London Metal Exchange had edged down to $7,229 a tonne by 0105 GMT, from the previous session when it logged gains of 0.8 percent.

COPPER

London copper was steady on Friday but was set for its second weekly loss in three as worries over U.S. fiscal policy clouded the outlook for investors. 

EURO

The euro traded at $1.3487, off seven-month high of $1.3569 hit last week while the dollar fetched 98.87 yen, maintaining its 0.6 percent gain on Thursday.

PLATINUM

Platinum dropped 1.5 percent to $1,404.50 an ounce

SILVER

Among other precious metals, silver fell 0.5 percent to $21.65 an ounce

U.S.GOLD

U.S. Comex gold futures settled down $12.10 an ounce at $1,324.10, with trading volume in line with its 30-dayaverage, preliminary Reuters data showed.

SPOT GOLD

Spot gold eased 0.2 percent to $1,320.79 an ounce by M 0025 GMT, bringing the week's losses to 0.3 percent. The metal has fallen over 5 percent in as many weeks.

GOLD

Gold slipped for a second session on Friday and was on track for its fifth weekly drop, hit by persistent uncertainty over the Federal Reserve's stimulus outlook.

U.S.MARKET UPDATE

The S&P 500 and Dow snapped five-day losing streaks on Thursday on positive job market data but gains were limited as investors worried if Washington lawmakers would pass bills to avoid a government shutdown and possible US debt default on time.

The Dow Jones industrial average was up 55.04 points, or 0.36 percent, at 15,328.30. The Standard & Poor's 500 Index was up 5.90 points, or 0.35 percent, at 1,698.67. The Nasdaq Composite Index was up 26.33 points, or 0.70 percent, at 3,787.43.

GM GOOD MORNING BULLION MARKET UPDATE

GM GOOD MORNING BULLION MARKET UPDATE:-

CRUDE TREND:- SIDEWAYS

STRATEGY:- SELL ON RISE
S1-6350 S2- 6300
R1-6450 R2-6500

NICKEL TREND:- SIDEWAYS

STRATEGY:- SELL ON HIGH
S1-845 S2- 830

R1-860 R2-870

Thursday 26 September 2013

ASIAN STOCKS

MSCI’s broadest index of Asia-Pacific shares outside Japan was barely changed, as was Seoul’s KOSPI. Japan’s Nikkei eased 0.5 percent and Australian shares were down 0.4 percent.

U.S.STOCKS

U.S. stocks fell on Wednesday and the S&P 500 put in a fifth day of losses, its longest losing streak since the end of 2012, on jitters funding for the federal government would run out and after a drop in shares of Wal-Mart Stores.

U.S.TREASURIES

U.S. Treasury Secretary Jack Lew pleaded for quick action in the deeply divided Congress on raising the $16.7 trillion statutory limit on government borrowing, as he projected an Oct. 17 date when borrowing capacity would be nearly exhausted and only $30 billion would be left in his agency's checking account.