Monday, 31 December 2012

U.S.TREASURIES


Benchmark 10-year notes traded 12/32 higher in price, with yields falling to 1.69 percent, marking the lowest in two weeks and down from 1.73 percent late Thursday. Benchmark notes posted their biggest daily dip in yield in over seven weeks and were down about eight basis points on the week.

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EURO

The euro inched up 0.14 percent to 1.323 on Monday. An agreement on the U.S. budget would be viewed as positive for riskier currencies such as the euro and Australian dollar, while a deadlock is deemed positive for the safe-haven and highly liquid dollar.

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S&P

The S&P 500 each lost 1.9 percent last week, after stocks fell for five straight sessions, which marked the S&P 500's longest losing streak in three months.

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FTSE


The blue-chip FTSE 100 closed down 0.5 percent, or 28.93 points lower, at 5,925.37 points, marking its worst intraday fall since losing 0.6 percent on November 26.

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NIKKEI


 The Nikkei advanced 0.7 percent to 10,395.18 on the last trading day of the year, after touching its highest level since March 10, 2011, in intraday trade. 

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DOLLAR


The dollar last stood at 85.91 yen, having retreated from Friday's high of 86.64 yen, which was the greenback's strongest level versus the Japanese currency since August 2010.

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YEN


The yen held above a two-year low versus the dollar on Monday but remained on track for its largest annual drop in seven years, pressured by expectations for more forceful monetary easing by the Bank of Japan.

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U.S.CRUDE


U.S. crude was at $90.59, down 21 cents.

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BRENT CRUDE


Brent crude fell 30 cents to $110.32 a barrel by 0234 GMT after hitting a low of $110.08 earlier in the session.

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OIL


Oil slipped on Monday for a third straight session, with Brent holding above $110 per barrel, on worries the United States may not reach a deal by Jan. 1 to prevent a fiscal crisis that could erode fuel demand at the world's largest oil consumer.

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LME COPPER


Three-month copper on the London Metal Exchange  inched up 0.3 percent to $7,907 a tonne by 0101 GMT, but was headed for a 1 percent drop this month.

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COPPER


London copper inched up on Monday and was on track for an annual rise of 4 percent, but concerns about the absence of a deal to avert a U.S. "fiscal cliff" even as the deadline draws near is expected to keep a lid on prices.

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U.S.GOLD


U.S. gold for February rose $1.70 to $1,657.60 an ounce.      

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SPOT GOLD


Spot gold drew support from the euro that edged up 0.1 percent to $1.3231, but hovered below an 8-month high of $1.33085 hit on December 19.

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GOLD


Gold added $1.25 an ounce to $1,656.64 by 0004 GMT.

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U.S.MARKET UPDATE


Equity futures were slightly higher on Sunday night as talks continued in Washington over resolving the “fiscal cliff.” While the Senate will not vote Sunday night on any bill to avoid a series of $600 billion in tax hikes and spending cuts, as many had hoped, negotiations continued between lawmakers and the White House.
 The Dow industrials and the S&P 500 each lost 1.9 percent last week, after stocks fell for five straight sessions, which marked the S&P 500′s longest losing streak in three months. Equities have largely performed well in the last two months despite constant chatter about the fiscal cliff, but the last few days shows a bit of increased worry.
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Saturday, 29 December 2012

U.S.STOCKS


Stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight.

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U.S.TREASURIES


Benchmark 10-year notes were last up 7/32 in price, with yields falling to 1.71 percent, down from 1.73 percent on Thursday and from a two-month high of 1.85 percent a week and a half ago.

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S&P


The Standard & Poor's 500 Index .SPX lost 15.67 points, or 1.11 percent, to 1,402.43.
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EURO


The euro slipped 0.1 percent to $1.3221, having hit a session low of $1.3164 on Reuters data after triggering stop-loss sell orders around $1.3170. On the week, the euro gained 0.3 percent versus the dollar, its third straight week of gains.

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DOLLAR


The dollar hit a two-week high against a basket of currencies at 79.930. It was last up 0.1 percent at 79.665 .DXY.

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U.S.CRUDE


U.S. crude rose 41 cents to $91.28, set for its first yearly loss in four years, although it was on track to end the week about 3 percent higher.

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BRENT CRUDE


Brent February crude fell 18 cents, or 0.16 percent, to settle at $110.62 a barrel, having traded from $109.83 to $111.38.

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OIL


Oil also rose as Japan, the world's third largest consumer of the commodity, sped up efforts to turn around its economy.

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SHANGHAI COPPER


The most-traded April copper contract on the Shanghai Futures Exchange closed up 0.2 percent at 57,680 yuan ($9,200) a tonne, gaining 1.8 percent for the week.

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COPPER


Copper fell almost 2 percent last week and is up just 4 percent so far this year, while three-month zinc has risen 12 percent.

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SILVER


Silver was down 0.5 percent at $30 an ounce.

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PLATINUM


Platinum eased 1 percent to $1,516.50 after hitting its weakest level since end-August at $511.75.

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U.S.GOLD


U.S. gold futures for February delivery settled down $7.80, or 0.5 percent, at $1,655.90 an ounce in New York.

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SPOT GOLD


Spot gold ended the day close to its day lows around $1,655 an ounce, versus Thursday's last bid at $1,663.29.
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GOLD


Gold fell on Friday, wiping out what would have been its first weekly gain since November, as traders priced the market lower while awaiting the outcome of last-ditch U.S. budget talks ahead of a year-end deadline.

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U.S.MARKET UPDATE

Stocks fell for a fifth straight day on Friday, dropping 1 percent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight.

The Dow Jones industrial average .DJI dropped 158.20 points, or 1.21 percent, to 12,938.11 at the close. The Standard & Poor's 500 Index .SPXlost 15.67 points, or 1.11 percent, to 1,402.43. The Nasdaq Composite Index .IXIC fell 25.59 points, or 0.86 percent, to end at 2,960.31.

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