Tuesday 31 December 2013

ASIAN STOCKS

With several Asian stock markets closed Tuesday, world stock markets rose to a six-year high on Monday on optimism about the global economy heading into 2014, while the euro strengthened against the dollar and yen.

U.S.STOCKS

U.S. stocks closed mostly flat on Monday, with the Dow edging up to another record closing high and the S&P 500 index's advance stalling in response to light trading volume and weaker-than-forecast housing data.




U.S.TREASURIES

The 10-year Treasury note rose 9/32 in price on Monday to yield 2.974 percent, after the yields rose to 3.002 percent on Friday, the highest since July 2011.

FTSE

The FTSE 100 closed down 19.60 points, or 0.3 percent, at 6,731.27 points, pausing after its longest winning streak since October, which saw it rise around 4 percent since Dec. 18.

DOLLAR

The dollar last fetched about 104.93 yen, down 0.2 percent on the day and inching away from Monday's five-year high of 105.41 yen, the greenback's strongest level versus the yen since October 2008.

NIKKEI

Japan's Nikkei stock average rose to a fresh six-year high on Monday to close out 2013 with a 57 percent annual gain, its biggest in more than 40 years on the back of aggressive economic stimulus by Prime Minister Shinzo Abe.

U.S.CRUDE

U.S. crude  fell $1.03 to settle at $99.29.

BRENT CRUDE

Brent crude shed 97 cents to settle at $111.21 a barrel after earlier hitting a low of $110.90.

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CRUDE OIL

Crude oil futures tumbled on both sides of the Atlantic on Monday on early signals that oil output in Libya may be starting to recover and concerns over a buildup in local government debt in China, the world's second-largest oil consumer.

LME COPPER

Three-month copper on the London Metal Exchange rose 0.1 percent to $7,381.25 a tonne by 0107 GMT. Copper climbed to $7,415.50 a tonne on Friday, its highest since August 16.

COPPER

London copper edged higher on Tuesday to trade around a four-month high and aluminium rose for a third consecutive session to hover near a two-month top as an improved global economic outlook supported metals.

SILVER

Silver fell 2.4 percent to $19.56 an ounce. Silver is down 35 percent this year in its worst annual performance since at least 1982.

SPOT PLATINUM

Spot platinum was down 1.2 percent at $1,355.50 an ounce, snapping four consecutive sessions of gains. ''

U.S.GOLD

U.S. gold fell 0.47 percent to $1,198.20 an ounce.

SPDR GOLD

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.37 percent to 798.22 tonnes on Monday from 801.22 tonnes on Friday. In terms of ounces, holdings fell to 25,663,578.79 from 25,760,019.68, their lowest since 2009

GOLD

Gold added $2.80 an ounce to $1,198.80 by 0255 GMT, but was set to end this year down around 28 percent. Prices were sharply lower than all-time highs above $1,900 in 2011, when a worsening debt crisis in Europe sparked buying.

U.S.MARKET UPDATE

U.S. stocks closed mostly flat on Monday, with the Dow edging up to another record closing high and the S&P 500 index's advance stalling in response to light trading volume and weaker-than-forecast housing data.


The Dow Jones industrial average rose 25.88 points, or 0.16 percent, to end at 16,504.29, a record close. The Standard & Poor's 500 Index dipped just 0.33 of a point, or 0.02 percent, to finish at 1,841.07. 

Friday 27 December 2013

ASIAN STOCKS

Asian markets looked well placed on Friday as Wall Street reached record heights for a fourth straight session, while rising U.S. yields lifted the dollar to new peaks on the yen.


U.S.STOCKS

U.S. stocks rose on Thursday, with the Dow and S&P 500 ending at record highs as retail shares rallied following strong data about the holiday shopping season.''

U.S.TREASURIES

U.S. benchmark Treasuries yields edged higher on Thursday, just below their two-year high of 3 percent, in light trading as most investors stayed out of the market after the Christmas holiday.

NIKKKEI

The Nikkei shed 0.6 percent to 16,083.30 in mid-morning trade after earlier hitting a six-year high of 16,232.69. The index was on track to end a seventh straight day of gains, its longest such run since October.