Asian shares recouped some of the two previous session's
steep losses on Thursday as fears abated that U.S.-led forces would soon launch
a military strike on Syria, and oil prices retreated from a six-month peak.
Thursday, 29 August 2013
U.S.STOCK
Wall Street rose on Wednesday as energy shares rallied on
higher oil prices as the United States and its allies edged closer to military
action against Syria.
U.S.TREASURIES
U.S. Treasury debt prices fell on Wednesday, with a debt
sale coming in lukewarm, after Treasuries posted gains for three straight
sessions as investors worried about weaker U.S. economic data and possible
military action in Syria.
YEN
The Japanese currency was last traded at 97.65 yen against
the dollar, moving away from 96.81 yen touched on Wednesday, a level last
visited two weeks ago.
NIKKEI
The benchmark Nikkei advanced 0.4 percent to 13,390.14 in
midmorning trade, after shedding 1.5 percent to a two-month low of 13,338.46 on
Wednesday. The broader Topix was little
changed at 1,113.55.
FTSE
The FTSE 100 was down 10.91 points, or 0.2 percent, at
6,430.06 points at the close as the United States and its allies appeared to be
gearing up for a strike against Syria, pushing
oil prices to multi-month highs on concerns about Middle Eastern crude supply.
U.S.CRUDE
U.S. crude for October delivery fell 73 cents to $109.37 a
barrel by 0024 GMT after gaining nearly 4 percent in the previous two sessions
to hit a two-year high of $112.24 on Wednesday.
BRENT CRUDE
Brent crude for October was at $115.82, down 79 cents after
touching a 6-month high of $117.34 on Wednesday.
OIL
Oil has jumped this week to multi-month highs on fears that
the potential strike on Syria could spread unrest to major oil producers in the
Middle East and disrupt supply.
LME COPPER
Three-month copper on the London Metal Exchange edged down by 0.2 percent to $7,273.75 a tonne
by 0106 GMT, from the previous session.
COPPER
London copper drifted lower on Monday as the dollar rose
against a basket of currencies, but was underpinned by steady Chinese demand
and the prospect of a slow revival in global growth.
U.S.GOLD
U.S. gold futures for December delivery settled down $1.40
an ounce at $1,418.60, with trading volume about 10 percent below its 30-day
average, preliminary Reuters data showed.
GOLD
Gold eased on Thursday after a five-day rally but was still
holding near its highest since mid-May, as possible U.S. military strikes
against Syria stoked safe-haven buying of the metal.
U.S.MARKET UPDATE
Wall Street rose on Wednesday as energy shares rallied on
higher oil prices as the United States and its allies edged closer to military
action against Syria.
Trading volume was thin and came after a drop in the S&P
500 index on Tuesday to its lowest in two months. On Wednesday stocks recouped
some of the losses as traders bought energy stocks, which rose on a spike in
oil prices as markets feared supply interruptions from the Middle East.
GM GOOD MORNING BULLION MARKET UPDATE
GM GOOD MORNING BULLION MARKET UPDATE:-
GOLD TREND:- BEARISH
STRATEGY:- SELL ON HIGH
S1- 33000 S2- 32500
R1- 34000 R2- 34500
SILVER TREND:- BEARISH
STRATEGY:- SELL ON HIGH
S1-55000 S2- 54000
R1- 56500 R2- 57500
COPPER TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-475 S2- 468
R1-490 R2- 495
NICKEL TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-930 S2- 920
R1-960 R2-975
GM GOOD MORNING BULLION MARKET UPDATE
GM
GOOD MORNING BULLION MARKET UPDATE:-
CRUDE TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-7250 S2- 7150
R1-7400 R2-7500
NATURAL GAS TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-232 S2- 226
R1-240 R2- 245
LEAD TREND:- SIDEWAYS
STRATEGY:- SELL ON HIGH
S1-145 S2- 143
R1- 148 R2- 150
Wednesday, 28 August 2013
ASIAN STOCKS
MSCI's broadest index of Asia-Pacific shares outside Japan
shed 1 percent, hitting its lowest level since July 9 and extending the
previous session's 1.2 percent drop.
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