Despite the S&P downgrade of European countries and the European Rescue Fund, the Euro is trading higher against the dollar this morning. Greece and Spain both had successful bond sales this morning which alleviated short term debt concerns in both countries. China’s GDP grew at 8.9% in the 4th quarter which is higher than the surveyed figure of 8.7% but the growth was at 2 ½ year low. Most economists expect China to slow down in 2012 but differ on how much. A combination of weaker dollar, short term relief in the Euro crisis, and better than expected China GDP is driving the risk on trade today. Commodities are all making significant moves up with platinum, palladium, and copper leading the way with more than 2% gains in each.
| Metals | Last | %Change | Low | High |
| Au- Feb | 1659.2 | 1.75% | 1631.9 | 1668 |
| Pt-Apr | 1528.1 | 2.59% | 1477.4 | 1538.4 |
| Pd-Mar | 654.35 | 2.93% | 631.05 | 663.70 |
| Ag-Mar | 30.400 | 2.92% | 29.455 | 30.570 |
| London | AM | PM | Minor | PGMs |
| Au | 1662 | 1656 | Rh | 1375 |
| Pt | 1526 | 1523 | Ru | 110 |
| Pd | 653 | 656 | Ir | 1100 |
| Ag | 30.41 | DJI | 12533.42 | 111.36 |
| Currencies |
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| USD | EUR | JPY | GBP |
| USD | 0 | 1.2727 | 0.013017 | 1.5348 |
| EUR | 0.7857 | 0 | 1.02278 | 1.206 |
| JPY | 76.82 | 97.77 | 0 | 117.906 |
| GBP | 0.6516 | 0.82925 | 0.8481 | 0 |
| *THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES | ||||
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