Reports indicate that Greece has formed
a coalition government just days after the pro-bailout New Democracy
Party won elections this past Sunday but the news doesn’t seem to have
sparked much enthusiasm from the markets. Forming the coalition
government is a step in the right direction but merely one hurdle in a
line of many that Greece will have to navigate in order to revive their
economy. Much of today’s focus will be on the U.S. Federal Reserve and
the conclusion of their two-day Open Market
Committee meeting. Weak economic and jobs data reported in recent weeks
might lead some to believe that further stimulus measures are needed to
combat slowing growth. Anticipation of further stimulus measures by the
Fed will have investors on the edge of their
seats…at least until 12:30 p.m. EST when the report is released.
Chairman Bernanke will then follow-up with a news conference at 2:15
p.m. EST. The precious metals complex is under some pressure in early trading with gold down 1.10% to $1605 and platinum down
nearly 1.5% to $1459. Have a great day!
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1605.4
|
-1.10%
|
1600.7
|
1623.6
|
|
Pt-Jul
|
1458.9
|
-1.49%
|
1455.0
|
1487.4
|
|
Pd-Sep
|
624.8
|
-0.73%
|
621.30
|
631.70
|
|
Ag-Jul
|
28.105
|
-0.94%
|
27.930
|
28.495
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1618.75
|
|
Rh
|
1250
|
|
Pt
|
1481
|
1459
|
Ru
|
115
|
|
Pd
|
628
|
624
|
Ir
|
1100
|
|
Ag
|
28.31
|
DJI
|
12837.33
|
95.51
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.2701
|
0.012626
|
1.5747
|
|
EUR
|
0.7873
|
0
|
0.99404
|
1.2398
|
|
JPY
|
79.2
|
100.59
|
0
|
124.719
|
|
GBP
|
0.6351
|
0.80657
|
0.8018
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
95.04
|
Comex Copper
|
341.3
|
|
|
Crude WTI
|
83.82
|
Nat Gas
|
2.617
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
|
|||
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