There was a report over the weekend
that a 16 year-old had solved a mathematical problem that stumped Sir
Isaac Newton and has since baffled the world’s great minds for over 300
years. It had something to do with the angle of trajectory
of a ball when subjected to gravity and wind resistance. However, the
16 year-old didn’t stop there, he also ventured to explain what happens
when a ball hits a wall. Now, that’s all well and good but unless his
newly derived equations can keep home prices
in the U.S. from hitting the floor, keep the Eurozone together and help
China maintain sustainable growth he’s not exactly solving some of the
world’s more pressing problems. Nonetheless, kudos for the
accomplishment! The extended weekend in the U.S. seems
to be just what the doctor ordered for investors as markets kick off
the short week on the upside. Major financial institutions in Greece
were able to replenish capital with the help of a bailout on Monday
easing concerns, for now, that the country may exit
the Euro. However, Spain and it’s banking system are raising new
concerns following bank downgrades at the end of last week. China’s
slowing economy had weighed on the psyche of investors but hopes of
stimulus spending in the world’s #2 economy has eased those
concerns as well. Home prices in the U.S. have hit new lows with
average home prices down 2.6% from the same time last year. According to
S&P/Case-Shiller, prices haven’t been this low since 2002.
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1582.3
|
0.72%
|
1572.9
|
1584.8
|
|
Pt-Jul
|
1447.8
|
1.47%
|
1429.4
|
1448.7
|
|
Pd-Jun
|
610.65
|
3.50%
|
588.70
|
613.55
|
|
Ag-Jul
|
28.590
|
0.72%
|
28.140
|
28.760
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1573.75
|
1579.5
|
Rh
|
1280
|
|
Pt
|
1436
|
1435
|
Ru
|
115
|
|
Pd
|
606
|
608
|
Ir
|
1100
|
|
Ag
|
28.25
|
DJI
|
12602.26
|
147.43
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.2535
|
0.012584
|
1.5687
|
|
EUR
|
0.7978
|
0
|
1.00389
|
1.2515
|
|
JPY
|
79.46
|
99.61
|
0
|
124.659
|
|
GBP
|
0.6375
|
0.79908
|
0.8022
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
107.75
|
Comex Copper
|
349.45
|
|
|
Crude WTI
|
91.79
|
Nat Gas
|
2.525
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
| ||||
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