EU finance ministers will have plenty to
talk about at their summit that begins on Thursday. Following Spain’s
official request for a bailout on Monday, Moody’s poured some salt on
the wound by downgrading 28 Spanish banks citing the creditworthiness
of the Spanish government as a key factor in the decision. With Spanish
10-year bond yields at 6.69% and today’s auction of short-term debt
commanding 2.362% for 3-year bills it’s no surprise that there is still a
great deal of concern surrounding the Spanish
economy regardless of the EU’s pledge of €100 billon. Also weighing on
investors’ concerns are reports that Cyprus has officially requested a
bailout as well, becoming the 5th country to make the
request. On a more positive note, home prices in
the U.S. were said to have jumped 1.3% in April according to the
S&P/Case Shiller index. Also on tap for today, Consumer Confidence
data that is due out at 10 a.m. ET. Have a great day!
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1577.4
|
-0.69%
|
1575.3
|
1588.4
|
|
Pt-Jul
|
1435
|
-0.30%
|
1431.9
|
1443.6
|
|
Pd-Sep
|
601.9
|
-0.87%
|
600.50
|
607.50
|
|
Ag-Jul
|
27.200
|
-1.16%
|
27.130
|
27.495
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1583.25
|
|
Rh
|
1250
|
|
Pt
|
1439
|
|
Ru
|
115
|
|
Pd
|
604
|
|
Ir
|
1100
|
|
Ag
|
27.44
|
DJI
|
|
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
0.8011
|
79.487
|
0.6408
|
|
EUR
|
1.2476
|
0
|
99.19
|
0.7999
|
|
JPY
|
0.01256
|
1.00814
|
0
|
0.008062
|
|
GBP
|
1.55978
|
1.2496
|
123.99
|
0
|
|
|
|
|
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
|
|||
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