The economic news out of the US this am points to little change in inflation, better weekly employment data, and continuing slump in the housing market. The CPI month over month was unchanged and ex food & energy increased by 0.1%. The year over year figures showed an increase of 3.0% and 2.2% respectively. The housing starts were down 4.1% month over month. The initial jobless claims dropped to 352k while continuing claim dropped to 3432k. The Euro continues the strong weekly trend against the dollar as long term Spanish and French bond sales exceeded expectations. The commodities are mixed as palladium, platinum, oil, and copper post small gains and gold and silver post small declines. We expect the sideways trading in commodities to continue until clearer global economic picture emerges.
| Metals | Last | %Change | Low | High |
| Au- Feb | 1657.9 | -0.11% | 1651.6 | 1670.6 |
| Pt-Apr | 1534.7 | 0.64% | 1524.6 | 1541.5 |
| Pd-Mar | 679.5 | 1.71% | 666.95 | 681.50 |
| Ag-Mar | 30.520 | -0.06% | 30.335 | 30.900 |
| London | AM | PM | Minor | PGMs |
| Au | 1664 | 1655 | Rh | 1375 |
| Pt | 1537 | 1530 | Ru | 110 |
| Pd | 670.5 | 678 | Ir | 1100 |
| Ag | 30.79 | DJI | 12591.06 | 12.11 |
| Currencies |
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| USD | EUR | JPY | GBP |
| USD | 0 | 1.2884 | 0.012998 | 1.5454 |
| EUR | 0.7763 | 0 | 1.00884 | 1.1995 |
| JPY | 76.94 | 99.12 | 0 | 118.898 |
| GBP | 0.6471 | 0.83367 | 0.8411 | 0 |
| *THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES | | |||
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