Other Markets
GOLD ANAYLYSIS
Precious metals are trading mixed early in the Asian session, with gold a touch lower. Volumes are likely to remain light as many trading desks in the different parts of the world remain thinly staffed ahead of the year-end.
OIL ANALYSIS
Oil prices have good resistance to the upside at $103.37/bbl, despite Tuesday’s rally by front-month West Texas Intermediate crude, which closed above $100/bbl for the first time in two weeks.
Europe Stock Market Summary
CAC-40 ends little changed at 3103.11 with few investors active after the market’s Monday closure and with the London market shut Tuesday. The traded volume was lower than the daily average.
Are US consumers more positive and is manufacturing picking up?
The US economy is healing, but are consumers? The next round of US economic data starts today with S&P/CaseShiller figures on US house prices expected (14:00 GMT) to show further declines MoM in the 20 largest cities.
Risk of a bounce increases as bullish bets are cut again
Hedge funds and large investors have cut their long exposure in US commodities to the lowest level since March 2009. This was the time when the markets were slowly beginning to recover following the Lehman crisis. As of last Tuesday futures and options positions were cut by 12 percent to 656,000 contracts, a nominal reduction […]
Asian Market – Shares Fell
Chinese stocks fell to a fresh 33-month low to lead Asian markets further down Tuesday, with losses spread across sectors in thin trading and tight liquidity conditions.
European Stocks Close Higher
European stocks closed higher in holiday-thinned trading Friday, helped by energy stocks such as BP PLC and drug shares like Roche Holding AG.
US Stocks rose
U.S. stocks rose for a fourth straight day, pushing the Standard & Poor’s 500-stock index back into positive territory for 2011, as investors cheered the accelerating U.S. economy and a break in the latest Congressional deadlock.
Can US economy pull Europe out of its debt vortex?
Last US economic data presents before Christmas Yesterday economic data out of the US showed yet again that the patient is alive as initial jobless claims came in very strong for the second consecutive week pushing the 12-week rolling trend figure further down. Also the leading indicators came in better than expected driven by a […]
ECB Overnight Deposits – New 2011 High
Use of the European Central Bank’s overnight deposit facility reached a new record high for the year Thursday, suggesting recent measures by central banks and policy makers still aren’t enough to restore confidence in inter-bank lending markets.
BUND ANALYSIS
German government bonds are opening lower Friday following overnight gains in stocks. Volumes are seen as light given Tokyo holiday overnight in observance of the Emperor’s Birthday, and ahead of early close in London & NY for Christmas period.
Market Preview – 23 December 2011
Forex Overnight: EUR trading higher The EUR and the GBP have strengthened against the USD, this morning, as risk appetite amongst traders improved, following largely positive economic data released in the U.S. yesterday. Additionally, market expectations that the U.S. consumer spending and new home sales figures scheduled later today will show an improvement have further […]