Safe-haven buying continues to flow into
fixed income assets that are now offering historically low returns
underscoring the concern over sovereign debt contagion that is plaguing
the European Union. The U.S. 10-year not has broken through
the 1.60% (now 1.598%) and German Bunds are now yielding 1.27%. Spain
is wondering where they are going to find nearly €100 billion to fund a
bailout of its banking system amidst yields on the Spanish 10-year that
are at 6.49% . Anticipation of next month’s
elections in Greece have many worried that the country’s exit from the
euro is becoming more and more inevitable. If you’re looking for any
positive news don’t look across the pond. U.S. initial jobless claims
numbers rose 10,000 to 383,000 and first-quarter
GDP was revised to 1.9% from 2.2%. The ADP report on private sector
jobs is expected to show 157,000 people added to the payroll in May.
However, the ADP report is simply regarded as a preview to the big show…
the government’s monthly jobs report, due tomorrow,
that is expected to show unemployment remaining at 8.1%.
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1570
|
0.28%
|
1560.1
|
1572.6
|
|
Pt-Jul
|
1409.1
|
0.54%
|
1393.2
|
1414.6
|
|
Pd-Jun
|
606.2
|
0.39%
|
602.75
|
609.80
|
|
Ag-Jul
|
27.985
|
0.01%
|
27.725
|
28.190
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1567.5
|
-
|
Rh
|
1260
|
|
Pt
|
1412
|
1405
|
Ru
|
115
|
|
Pd
|
610
|
611
|
Ir
|
1100
|
|
Ag
|
28.1
|
DJI
|
12430.15
|
10.29
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.2398
|
0.012724
|
1.549
|
|
EUR
|
0.8065
|
0
|
1.02628
|
1.2494
|
|
JPY
|
78.59
|
97.44
|
0
|
121.74
|
|
GBP
|
0.6456
|
0.80039
|
0.8214
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
103.37
|
Comex Copper
|
346.35
|
|
|
Crude WTI
|
87.74
|
Nat Gas
|
2.395
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
| |||
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