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Blog / Forex news / --->06-06-11 - Daily Market Review

--->06-06-11 - Daily Market Review

6/6/2011
 
 
  Important Financial Indicators of the day Forecast Previous
Markets in China, Hong Kong, South Korea, Taiwan and New Zealand are closed for holidays.
GBP 09:00 (GMT) PPI m/m 0.8% 0.9%
CAD 12:30 (GMT) Building Permits m/m -2.3% 17.2%
CAD 14:00 (GMT) Ivey PMI 59.1 57.7
USD 17:15 (GMT) Treasury Sec Geithner Speaks    

Currencies

  • EUR/USD The euro touched a month high versus the dollar on prospects officials from the European Union will recap their intention to prepare a new aid package for Greece, easing concern over the region's debt crisis.
    • The euro climbed as high as $1.4658, before trading at $1.4639 at 1:37 p.m. in Tokyo.

  • USD/JPY The dollar fell against the Japanese currency since Friday.
    • The pair was trading around 80.34 as of 7 a.m. London time.

  • GBP/USD The pair increased since Friday.
    • The British pound rose to $1.6442 from $1.6424.

Commodities

  • Gold futures extended gains in electronic trading on Monday, as jitters about the strength of the global recovery supported buying in the traditional safe-haven asset.
    • Gold for August delivery, the most active contract, gained $3.60, or 0.2%, to $1,546.00 an ounce on the Comex division of the New York Mercantile Exchange during Asian trading hours.
  • Oil Saudi Aramco, the world's largest oil exporter, cut official selling prices for light crude grades for July shipments to the U.S. and Asia
    • Aramco set the price for July loadings of Extra Light crude to U.S. buyers at a $2.90 premium to the Argus Sour Crude Index, or 55 cents less than June cargoes, the company said.
    • U.S. crude futures ended last week at $100.22 on the New York Mercantile Exchange.

Equities

  • U.S. fell last week, after worse-than-estimated reports on jobs and manufacturing fueled concern earnings growth will slow.
    • The S&P 500 lost 2.3 percent to 1,300.16.
    • The Dow Jones Industrial Average fell 290.32 points, or 2.3 percent, to 12,151.26.

  • European stock declined for a fifth straight week, as U.S. jobs and manufacturing data that missed forecasts fueled concern the recovery in the world's largest economy may weaken.
    • The U.K.'s FTSE 100 declined 1.4 percent.
    • Germany's DAX slipped 0.8 percent and France's CAC 40 fell 1.5 percent.

  • Asian stocks declined, dragging the regional benchmark index to its lowest level in a week, as slowing jobs growth in the U.S. added to signs the global economic recovery is faltering.
    • The MSCI Asia Pacific Index slipped 0.2 percent to 133.79 as of 1:35 p.m. in Tokyo.
    • Japan's Nikkei 225 Stock Average fell 0.7 percent.
    • Markets in China, Hong Kong, South Korea, Taiwan and New Zealand are closed for holidays.

Sources: Bloomberg, FT


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