Demo account Live Account Spreads & conditions Platforms Blog Partnership About Us
Blog / Forex news / ---> 29-11-10 - Daily Market Review - Forex, Bonds, Commodities, Equities

---> 29-11-10 - Daily Market Review - Forex, Bonds, Commodities, Equities

11/29/2010
 
 
Weekly news Previous Actual Expected
Monday
29th of November
       
Tuesday
30th of November
US Consumer Confidence 50.2   52.0
Ben Bernanke speaks      
Wednesday
1st of December
US ISM Mfg Index - Level 56.9   57
Thursday
2nd of December
US Jobless claims 407k   425k
Friday
3rd of December
US Unemployment Rate - Level 9.6%   9.7%
US non-manufacturing ISM 54.3   55.0

Equities

  • Stocks in Asia increased after Europe and Ireland agreed on a bailout overshadowing concerns that tensions on the Korean peninsula may escalate
    • MSCI Asia Pacific index climbed 0.5% to 129.62 in Tokyo, rebounding from three consecutive weeks of declines. About five stocks climbed for every three that fell
    • Japan’s Nikkei 225 advanced 0.9% as a European Central Bank governing council member,  said in Tokyo that the ECB will maintain emergency measures as long as necessary
    • Australia’s S&P/ASX 200 Index rose 0.4%. South Korea’s Kospi Index fell 0.3% while Hong Kong’s Hang Seng Index was little changed. The Shanghai fell 0.3% in China
  • US stocks declined Friday posting a weekly loss amid concern that an Irish financial bailout will fail to contain Europe’s debt crisis, China will raise interest rates to cool inflation and the Korean peninsula conflict will escalate
    • The S&P 500 Index slid 0.9% last week to 1,189.40 as 8 of 10 industry groups declined. The Dow lost 1% to 11,092, with 25 of its 30 companies posting loses
  • European stocks fell as a bailout for Ireland failed to easy concerns that the sovereign debt problems will not spread in the region
    • The Stoxx 600 fell 0.4% to 266.6

Bonds

  • Treasuries and the German bunds declined snapping a gain from last week as EU arranged a rescue plan for Ireland, decreasing demand for safe haven assets
    • Benchmark 10-year yields rose one basis point to 2.88% early morning in London
  • The yield on the 10-year bund increased four basis points to 2.78% as of 7:07 a.m. in London

Commodities

  • Oil futures rose as much as 0.8% after the EU and the IMF extended an aid- package to Ireland
    • The January contract climbed as much as 70 cents to $84.46 a barrel in electronic trading on the New York Mercantile Exchange and was at $84.30 at 2:41 p.m. Singapore time
  • Gold decreased as military and political tensions on the Korean peninsula drove the dollar to a two-month high making the precious metal expensive for non dollar denominated investors
    • Gold for immediate-delivery fell as much as 0.8% to $1,353.30 an ounce and was at $1,361.85 at 2:47 p.m. in Tokyo

Currencies

  • The dollar increased against the euro Monday on higher risk aversion amid fears more EU countries will be forced to apply for a bailout
  • The euro weakened against 11 of its 16 major peers after an ECB council member said monetary easing creates the potential for global imbalances
  • The dollar was supported as South Korean President Lee Myung Bak vowed to make the North pay for military attacks
  • The dollar traded at $1.3238 per euro as of 6:51 a.m. in London from $1.3242 in New York last week. The US currency was at 84.08 yen from 84.10 yen. The euro was at 111.29 yen from 111.37

Sources: Bloomberg, FT, WSJ


Demo accountLive accountDeposit and Withdrawal
Live Chat
Call backContacts
Demo account|Live Account|Spreads & conditions|Platforms|Blog|Partnership|About Us