The Greek elections are “yesterday’s
news” as optimism over a pro-bailout party victory fades… partly because
The New Democracy Party has yet to form a coalition government and
mostly because the country has a long way to go to stabilize
their economy. Spain continues to the center of attention as it was
reported today that a detailed audit of the country’s banking system
will be delayed. Spain has requested €100 billion to prop up its banking
industry but until details of that audit are
released, no one really knows how much they need. Investors are hoping
that the G20 summit that kicked off in Mexico on Monday will provide
some type of direction for a resolution of the Eurozone crisis but
nothing has yet to materialize. The U.S. Federal
Reserve meeting will conclude tomorrow with a much anticipated policy
announcement. Until then, investors can chew on data out of the housing
sector released earlier this morning. U.S. housing starts dropped 4.8%
to 708,000 units but new permits were up 7.9%
to 780,000 units. The precious metal complex is up modestly in early
trading. Have a great day!
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1629.2
|
0.14%
|
1626.2
|
1634.3
|
|
Pt-Jul
|
1486.8
|
0.23%
|
1482.5
|
1492.6
|
|
Pd-Sep
|
634.35
|
0.12%
|
627.85
|
635.25
|
|
Ag-Jul
|
28.715
|
0.21%
|
28.620
|
28.900
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1628.5
|
|
Rh
|
1250
|
|
Pt
|
1486
|
1486
|
Ru
|
115
|
|
Pd
|
629
|
634
|
Ir
|
1100
|
|
Ag
|
28.81
|
DJI
|
12791.66
|
49.84
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.2647
|
0.012653
|
1.5697
|
|
EUR
|
0.7908
|
0
|
1.00051
|
1.2411
|
|
JPY
|
79.03
|
99.95
|
0
|
124.058
|
|
GBP
|
0.6371
|
0.80572
|
0.8061
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
96.58
|
Comex Copper
|
341.55
|
|
|
Crude WTI
|
84.19
|
Nat Gas
|
2.576
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
|
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