Asian shares eased and the euro remained under pressure
on Thursday as investors fretted over the euro zone after a weak debt auction
in Italy and the potential for a run on Cyprus's banks when they reopen later
in the day.
Thursday, 28 March 2013
U.S.STOCKS
The US equity markets recovered from day’s lows to end mixed on Wednesday, but investors were still worried about the chance of a run on Cypriot banks and its possible implications for other euro-zone lenders. The S&P 500 Index was slightly below its closing high.
U.S.TREASURIES
Ten-year Treasuries were last up 17/32 in price to yield
1.85 percent, down from 1.91 percent late on Tuesday.
FTSE
London's blue chips closed down 11.81 points, or 0.2 percent
at 6,387.56, above the intraday low of 6,344.19 and bouncing off 6,380, its
3-month rising support level – one technical measure of support for a market
that is trending up when viewed in the longer term.
NIKKEI
The
Nikkei dropped 0.8 percent to 12,390.18, staying below its 5-day moving average
of 12,448.48.
EURO
The euro languished at four-month lows on Thursday,
having suffered a further setback as a rise in Italy's funding costs weighed on
markets already worried about the ramifications of Cyprus' controversial rescue
deal.
U.S.CRUDE
U.S. May crude
rose 24 cents to settle at $96.58 a barrel, having traded from $95.58 to
$96.84, which was the highest intraday price in five weeks.
BRENT CRUDE
Brent May crude rose 33 cents to settle at $109.69 a barrel,
after reaching $109.98, testing resistance near its 200-day moving average of
$109.90. The session low was $108.85.
OIL
Crude oil prices rose on Wednesday in choppy trading as
U.S. heating oil rallied on falling distillate inventories, while rising crude
oil stockpiles in the United States and the stronger dollar limited gains.
LME COPPER
Three-month copper
on the London Metal Exchange climbed by
0.14 percent to $7,618.75 a tonne by 0211 GMT, reversing a small decline from
the previous session.
COPPER
London copper edged up on Thursday from a one-week low
hit in the previous session as traders closed out short positions ahead of a
long holiday weekend, while prices were set to end the month and quarter down
due to a lack of robust Chinese demand.
SPOT GOLD
Spot gold rose 0.5 percent to $1,606 an ounce by 2:29 p.m.
EDT (1829 GMT), breaking three consecutive sessions of losses.
GOLD
Gold was little changed at $1,604.91 an ounce by 0025 GMT. Gold was on track to rise about 1.6
percent in March, which would be its first monthly gain after posting losses
in the last five months.
U.S.MARKET UPDATE
The US equity markets recovered from day’s lows to end mixed on Wednesday, but investors were still worried about the chance of a run on Cypriot banks and its possible implications for other euro-zone lenders. The S&P 500 Index was slightly below its closing high.
The Dow Jones industrial average slipped 33.49 points to close at 14,526.16. The S&P 500 went down just 0.92 of a point to 1,562.85. Meanwhile, the NasdaqComposite gained 4.04 points to end at 3,256.52.
Tuesday, 26 March 2013
ASIAN STOCKS
Asian shares eased and the euro wobbled on Tuesday as
investors worried about potential risks from the Cyprus bailout scheme, after
initial rallies on the last-minute rescue provided opportunities to book some
profit.
U.S.STOCKS
U.S. stocks fell on Monday but pulled off their session
lows by late afternoon after the president of the
Eurogroup tried to clarify his comments on the Cyprus
bailout.
U.S.TREASURIES
Benchmark 10-year Treasuries were last up 7/32 in price
to yield 1.91 percent, up from a low of 1.90 percent. The debt's yields earlier
rose as high as 1.97 percent on optimism over the Cyprus agreement.
S&P
The
Standard & Poor's 500 Index dipped 5.20 points, or 0.33 percent, to close
at 1,551.69.
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