Asian shares mostly rose on Friday on optimism economic
reform and budget plans unveiled by Spain will help the debt-saddled nation
manage its debt imbalances, in a move seen as an effort to pre-empt the likely
conditions of international assistance.
Friday, 28 September 2012
U.S.STOCK
U.S. stock index futures rose on Thursday, on track to snap a five-day losing streak, as hopes grew that the Chinese government would step in to bolster the nation's slowing growth.
U.S.TREASURIES
Benchmark 10-year note yields rose to 1.65 percent, up from 1.61 percent late on
Wednesday.
FTSE
The blue-chip FTSE 100 index, which fell 1.6 percent on
Wednesday to a three-week low, recovered slightly to close up 0.2 percent, or
11.33 points higher, at 5,779.42 points.
S&P
The
S&P 500 snapped a five-day string of declines in a broad-based rally on
Thursday, as Spain's plans for economic reform eased some worries about one of
the euro zone's most troubled countries.
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NIKKEI
The Nikkei was down 0.4 percent at 8,915.24 by mid-morning, but held above its 75-day moving
average of 8,864.45.
EURO
The euro held firm on Friday, while commodity currencies
started Asian trade sharply higher as worries about the euro zone eased
somewhat after Spain unveiled a crisis budget that many saw was a step towards
a bailout.
U.S.CRUDE
U.S. crude futures extended gains to above $92 a barrel on
Friday, as festering tensions between Iran and the West rekindled worries about
supply disruptions.
BRENT CRUDE
Brent November crude rose $1.97 to settle at $112.01 a
barrel. It reached the day's high of $112.49 in post-settlement trade.
OIL
Oil prices rose on Thursday as tensions between Iran and the
West reinforced concerns about potential supply disruptions, while Spain's
plans for economic reform also lent support to crude and lifted equities on
Wall Street.
SPOT PLATINUM
Spot platinum inched up 0.2 percent to $1,647 an ounce,
heading for a 7.6-percent monthly rise, its second straight month of gains.
SHANGHAI COPPER
The most-traded January copper contract on the Shanghai Futures
Exchange gained 0.54 percent to 59,390 yuan ($9,400) a tonne.
LME COPPER
Three-month copper on the London Metal Exchange had risen
0.44 percent to $8,211 a tonne by 0117 GMT, extending gains from the previous session, after prices
hit their lowest in two weeks at $8,082
a tonne on Wednesday.
COPPER
London copper inched up on Friday after Spain took steps to
buttress its economy, but it was on course for its second weekly loss in a row
as the impact of central bank easing fizzled and concerns over Chinese demand
weighed ahead of week-long holiday.
SPOT GOLD
Spot gold was little changed at $1,776.21 an ounce by 0035 GMT, on course for an 11-percent
quarterly rise -- its biggest quarterly
gain since June, 2010.
GOLD
Gold hovered near a one-week high hit in the previous
session on Friday, as Spain's crisis budget eased worries about Madrid's
control over its finances, strengthening the euro and underpinning gold, while
a rally in oil also helped.
U.S.MARKET UPDATE
The S&P 500 snapped a five-day string of declines in a
broad-based rally on Thursday, as Spain's plans for economic reform eased some
worries about one of the euro zone's most troubled countries.
The Dow Jones industrial average rose 72.46 points, or 0.54
percent, to end unofficially at 13,485.97. The S&P 500 gained 13.84 points, or 0.97 percent, to
finish unofficially at 1,447.16. The Nasdaq Composite added 42.90 points, or
1.39 percent, to close unofficially at 3,136.60.
Wednesday, 26 September 2012
ASIAN SHARES
Asian shares and commodities fell on Wednesday as protests in Spain underscored the country's financing challenges and investors refocused on slowing global growth as rallies, fed by major central bank easing measures, faded.
U.S.STOCK
U.S. stocks declined on Tuesday as investors sought a catalyst
to justify further gains while the euro was under pressure on concerns about a
bailout for debt-laden Spain.
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