Asian shares extended gains for a second day on Thursday as
sentiment improved after U.S. Federal Reserve Chairman Ben Bernanke reaffirmed
his commitment to strong stimulus, while Italy found investor confidence in its debt
despite political turmoil.
Thursday, 28 February 2013
U.S.STOCKS
U.S. stocks rose on Wednesday, with major indexes posting
their best daily gains since early January, as Federal Reserve Chairman Ben
Bernanke remained steadfast in supporting the Fed's stimulus policy and data
pointed to economic improvement.
U.S.TREASURIES
Benchmark 10-year Treasuries were last up 2/32 in price to
yield 1.88 percent, down from 1.89 percent late on Tuesday. The prices have
rallied since yields hit around 2 percent last week.
FTSE
The benchmark UK index FTSE 100 index closed up 55.44 points,
or 0.9 percent, at 6,325.88 points, recovering around two-thirds of Tuesday's
85 point drop suffered after Italian elections ended in a stalemate.
NIKKEI
The Nikkei climbed 1.9 percent to 11,462.63 by the midday
break, breaking above its five-day moving average of 11,432.77, after shedding
3.5 percent in the previous two sessions. The index is tracking in a range
close to a 53-month high of 11,662.52 marked on Monday.
EURO
The euro held its ground against the dollar and yen on
Thursday, with euro bulls taking heart after a relatively smooth auction of
Italian government bonds helped ease worries about the country's inconclusive
election.
U.S.CRUDE
U.S. crude gained 54 cents to $93.17, supported by the EIA's
report of a 75,000 barrel decline in crude oil inventories at Cushing,
Oklahoma, delivery point of the benchmark contract.
BRENT CRUDE
Brent crude shed 9 cents to $112.62 a barrel by 1725 GMT,
earlier hitting a low of $112.23, its weakest point since Jan. 23.
LME COPPER
Three-month copper on the London Metal Exchange had risen
0.60 percent to $7,917.50 a tonne by 0145 GMT, building on small gains in the
previous session.
COPPER
London copper climbed for a third session on Thursday as the
U.S. Federal Reserve reaffirmed its commitment to existing stimulus measures,
while an improving outlook for demand also bolstered prices.
SPDR GOLD
As a gauge of investor interest, holdings of the SPDR Gold Trust,
the world's top gold-backed exchange-traded fund, fell around 2.5 tonnes from
the previous session to 1,270.44 tonnes on Feb. 26, in its sixth session of
decline.
SPOT GOLD
Spot gold traded little changed at $1,597.60 an ounce by
0048 GMT, on course for a monthly decline of 4 percent. It has been in the red
for five straight months, the longest such losing streak since late 1996 to
early 1997.
GOLD
Gold traded little changed on Thursday, but was headed for
its longest stretch of monthly declines in more than 16 years as its safe-haven
appeal has dimmed with the global economy showing signs of recovery.
U.S.MARKET UPDATE
U.S. stocks rose on Wednesday, with major indexes posting
their best daily gains since early January, as Federal Reserve Chairman Ben
Bernanke remained steadfast in supporting the Fed's stimulus policy and data
pointed to economic improvement.
The Dow Jones
industrial average was up 176.32 points, or 1.27 percent, at 14,076.45. The
Standard & Poor's 500 Index was up 19.07 points, or 1.27 percent, at
1,516.01. The Nasdaq Composite Index was up 32.61 points, or 1.04 percent, at
3,162.26.
Wednesday, 27 February 2013
GM BULLION OPENING BUZZ
GM BULLION OPENING BUZZ:-
GOLD:-30030
SILVER:-54500
COPPER:-424.9
NICKEL:-902
CRUDE:-5019
NATURALGAS:-188.10
LEAD:-124.95
ZINC:-113.80
ALUMINIUM-107.5
ASIAN STOCKS
Asian shares rebounded on Wednesday as U.S. equities rose
on solid data and the Federal Reserve's affirmation of its commitment to
monetary stimulus, but investors remained wary of political gridlock in Italy
reigniting the euro zone financial crisis.
U.S.STOCKS
The US markets ended near their best levels, recovering from their worst one-day drop in 2013, following Fed Chairman Ben Bernanke’s speech and buoyed by a batch of upbeat economic reports. The CBOE volatility index tumbled more than 11 percent to close below 17.
U.S.TREASURIES
After the 10-year note yield posted its biggest one-day
drop since early November on Monday, it rose to 1.87 percent on Tuesday from 1.86
percent late on Monday. The 30-year bond price rose 1/32 on Tuesday after
rising nearly two full points on Monday.
FTSE
The FTSE 100 ended down 84.93 points, or 1.3 percent, at
6,270.44, its lowest close since Feb. 8. Some strategists, however, reckoned
any losses would be short-lived.
NIKKEI
The Nikkei dropped 0.4 percent to 11,356.06 after opening
a tad higher. The index fell 2.3 percent on Tuesday on concerns an inconclusive
election in Italy could reignite the eurozone debt crisis, moving away from a
53-month high of 11,662.52 touched on Monday.
YEN
The yen held near one-month highs on Wednesday, remaining
susceptible to bursts of short-covering as political uncertainty in Italy kept
the euro under the gun.
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