This morning’s report on U.S. jobless
claims exceeded expectations by 11,000 coming in at 386,000 last week.
Trading futures initially dipped ahead of the open but have since
rebounded. Much of the focus will remain overseas following recent
developments in Spain. The country’s 10-year bond yields broke through
7% following downgrades from both Moody’s and Egan-Jones. Concerns over
Spain’s debt loads and a tightening credit markets have been further
heightened by their request for a €100 billion
bailout from the European Union…an amount that some believe might not
be enough. This weekend’s Greek elections could prove to be pivotal in
the country’s future as a member of the European Union. They’re actually
using the term “Grexit” now to describe the
potential return to the drachma. When they start combining economic
terms like they do with the names of movie star couples – does
“Brangelina” ring a bell? – you know there’s trouble brewing! Gold and
silver are lower in early trading. However, platinum and
palladium are trading higher at $1485 and $626 respectively. Have a
Great Day!
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1617.7
|
-0.10%
|
1610.4
|
1629
|
|
Pt-Jul
|
1484.7
|
1.22%
|
1458.0
|
1488.7
|
|
Pd-Sep
|
626.35
|
0.49%
|
617.80
|
626.45
|
|
Ag-Jul
|
28.460
|
-1.66%
|
28.150
|
29.075
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1619
|
1613.5
|
Rh
|
1260
|
|
Pt
|
1485
|
1485
|
Ru
|
115
|
|
Pd
|
622
|
624.5
|
Ir
|
1100
|
|
Ag
|
28.88
|
DJI
|
12583.19
|
86.81
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
1.2601
|
0.012615
|
1.5552
|
|
EUR
|
0.7936
|
0
|
1.00119
|
1.2343
|
|
JPY
|
79.27
|
99.88
|
0
|
123.288
|
|
GBP
|
0.643
|
0.81021
|
0.8111
|
0
|
|
|
|
|
|
|
|
Crude Brent
|
96.82
|
Comex Copper
|
333.75
|
|
|
Crude WTI
|
82.87
|
Nat Gas
|
2.22
|
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
|
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