Markets are expected to be relatively
cautious ahead of tomorrow’s EU summit where finance ministers from
around the EU will meet to discuss ways to stem the current fiscal
crisis and get the region back on track towards growth and prosperity.
The problem is the meeting’s only a two day affair so, needless to say,
not much is expected to be accomplished. Things aren’t looking any
rosier in Spain as Prime Minister Rajoy acknowledges that current
financing rates are unsustainable…as if we didn’t know
that already. The acknowledgment comes just a few days after the
country formally requested a bailout from the EU. Independent audits
reported last week that Spain would need around €63 billon to avoid a
financial collapse. The EU has pledged up to €100 billion.
U.S. equities markets closed higher on Tuesday as favorable home price
data and insignificant consumer sentiment numbers gave investors
something to cheer about. We’ll see if durable goods orders and pending
home sales, due out this morning, can keep it going.
Have a great day!
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1580.9
|
0.38%
|
1563.1
|
1584.6
|
|
Pt-Jul
|
1417.2
|
-0.67%
|
1403.2
|
1428.4
|
|
Pd-Sep
|
584.35
|
-1.57%
|
575.00
|
596.70
|
|
Ag-Jul
|
27.220
|
0.67%
|
26.600
|
27.275
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1567.5
|
|
Rh
|
1250
|
|
Pt
|
1409
|
1408
|
Ru
|
115
|
|
Pd
|
582.5
|
579
|
Ir
|
1100
|
|
Ag
|
26.84
|
DJI
|
12575.73
|
0.33
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
0.8011
|
79.665
|
0.6418
|
|
EUR
|
1.24751
|
0
|
99.39
|
0.80086
|
|
JPY
|
0.01253
|
1.00583
|
0
|
0.008052
|
|
GBP
|
1.55771
|
1.2481
|
124.107
|
0
|
|
|
|
|
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
|
|||
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