U.S. markets are rebounding amid hopes
that the European Central Bank’s president Mario Draghi will indicate
that there’s some progress towards a unified effort to solve, or at
least stem, the ongoing debt crisis on the continent. A plan
for a continent-wide banking union, complete with its own version of
the FDIC, was also announced. A promising idea, the continent-wide
banking union would no doubt take significant time to coordinate and
implement. Earlier Wednesday the ECB announced that
the main interest rate will remain at 1%. Europe’s first-quarter GDP
was also unchanged from the previous quarter and while some may take
all of the above as relatively good news there’s still a couple of
elephants in the room – Spain and Greece. Nonetheless,
European markets were up as much as 1.7% for the day’s session. Back at
home, investors will await the Beige Book set to be released this
afternoon. The Beige Book gives investors a glimpse into the economic
conditions throughout the U.S. Have a great day!
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1637.9
|
1.30%
|
1616.5
|
1642.4
|
|
Pt-Jul
|
1464.8
|
1.74%
|
1433.8
|
1470
|
|
Pd-Sep
|
625.45
|
0.91%
|
620.35
|
631.00
|
|
Ag-Jul
|
29.745
|
4.72%
|
28.410
|
29.780
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1633.25
|
-
|
Rh
|
1260
|
|
Pt
|
1462
|
1458
|
Ru
|
115
|
|
Pd
|
623
|
620
|
Ir
|
1100
|
|
Ag
|
29.36
|
DJI
|
12283.25
|
155.3
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.2514
|
0.012632
|
1.5485
|
|
EUR
|
0.7991
|
0
|
1.00948
|
1.2374
|
|
JPY
|
79.17
|
99.08
|
0
|
122.601
|
|
GBP
|
0.6458
|
0.80813
|
0.8158
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
100.7
|
Comex Copper
|
336.85
|
|
|
Crude WTI
|
86.07
|
Nat Gas
|
2.439
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
|
|||
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