U.S. markets are expected to be quiet
today as traders position themselves ahead of the extended holiday
weekend. So quiet, in fact, that even a COMEX margin cut in the yellow
metal may not entice market participants to do anything that
may jeopardize a relatively relaxing 3-day weekend. The CME Group
decision will take effect at close of business on Tuesday, May 29th.
The Eurozone turmoil, highlighted by Greece and Spain’s economic
uncertainty, coupled with the prospects of slowing
growth in China will give investors plenty to think about over the next
few days as they contemplate their next moves. Greece will lend some of
the spotlight to Spain today amid an inevitable bailout request from
the county’s fourth largest bank, Bankia. The
request is expected to top €15 billon ($19 billion). Consumer sentiment
in the U.S. hit a four-year high with the University of Michigan’s
index climbing to 79.3 from Aprils 76.4. I suppose that when you can’t
be any more pessimistic the only thing you can
do is be optimistic? Best wishes to you all for a safe and enjoyable
weekend.
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Jun
|
1565.7
|
0.53%
|
1550.7
|
1569.9
|
|
Pt-Jul
|
1422.6
|
0.03%
|
1412.0
|
1433.8
|
|
Pd-Jun
|
590.25
|
0.37%
|
584.70
|
595.00
|
|
Ag-Jul
|
28.320
|
0.58%
|
27.875
|
28.475
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1560.5
|
1569.5
|
Rh
|
1340
|
|
Pt
|
1430
|
1423
|
Ru
|
115
|
|
Pd
|
592
|
590
|
Ir
|
1100
|
|
Ag
|
28.24
|
DJI
|
12504.25
|
-25.5
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.2528
|
0.012557
|
1.5671
|
|
EUR
|
0.7981
|
0
|
1.00228
|
1.2509
|
|
JPY
|
79.64
|
99.77
|
0
|
124.801
|
|
GBP
|
0.6381
|
0.7994
|
0.8013
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
106.92
|
Comex Copper
|
345.6
|
|
|
Crude WTI
|
90.86
|
Nat Gas
|
2.566
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
| |||
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