Let’s play a game. It’s called “You
know things are bad when…”. I’ll go first, you know things are bad when
people are willing to loan their hard earned money for free (virtually)
just to be “safe”. That’s what happened yesterday when Germany
unleashed €4.56 billion ($5.8 billion) worth of 2-year bonds that
offered – get this - a zero percent coupon and an average yield of
.07%. The bond issue of yesterday, and its popularity among investors,
underscores the growing concern surround the Eurozone
debt crisis and the potential for Greece to pull the ejection handle
leaving the rest of the region, and those financially exposed to it,
holding the proverbial bag.
First-time unemployment numbers dipped
by 2,000 last week according to the Labor department but the fact that
HP announced 27,000 job cuts world-wide pretty much makes that a moot
point. Look for markets to thin-out across the financial
landscape as we head into the Memorial Day weekend. However, if you get
bored you can always tune into the unfolding Facebook scandal.
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Jun
|
1571.6
|
1.50%
|
1551.9
|
1577.7
|
|
Pt-Jul
|
1432.5
|
1.30%
|
1413.3
|
1435.2
|
|
Pd-Jun
|
598
|
1.18%
|
586.00
|
600.50
|
|
Ag-Jul
|
28.355
|
3.06%
|
27.585
|
28.515
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1558.5
|
1568.5
|
Rh
|
1340
|
|
Pt
|
1417
|
1431
|
Ru
|
115
|
|
Pd
|
590
|
600
|
Ir
|
1100
|
|
Ag
|
28.08
|
DJI
|
12521.16
|
25.01
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.2595
|
0.012587
|
1.5705
|
|
EUR
|
0.794
|
0
|
0.9994
|
1.247
|
|
JPY
|
79.44
|
100.06
|
0
|
124.769
|
|
GBP
|
0.6367
|
0.80195
|
0.8014
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
106.55
|
Comex Copper
|
344.7
|
|
|
Crude WTI
|
91.18
|
Nat Gas
|
2.699
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
| |||
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