Although Chairman Bernanke’s two-day
testimony was fill with a generally pessimistic view of the current
state of the U.S. and global economy, investors seem rather comfortable
with the Fed chairman’s “as needed” approach to further economic
stimulus. That content feeling coupled with more better-than-expected
corporate earnings reports has the Vix (Volitility Index) at its lowest
level since the beginning of the second quarter (16.2). U.S. Jobless
claims data wasn’t stellar as 34,000 more people
were reported to have filed last week pushing jobless claims to
386,000. U.S. markets don’t seem to be phased by this as stocks are
pointing towards a higher open this morning. A relatively quiet
Eurozone has also eased investor concern but the issues surrounding
the region will remain on the back of investor’s minds. The most recent
auction of Spanish debt was not in high demand, pushing 10-year bond
yields above the 7% threshold. Existing home sales will be released at
10 a.m. EST and could lend support to the notion
that the U.S. housing market may be gaining traction. The Philly Fed
Business Outlook Index will be released at 10 a.m. EST as well. Have a
great day!
|
Metals
|
Last
|
%Change
|
Low
|
High
|
|
Au-Aug
|
1583.3
|
0.79%
|
1572.1
|
1591.5
|
|
Pt-Oct
|
1414.5
|
0.73%
|
1406.1
|
1427.9
|
|
Pd-Sep
|
579.9
|
0.40%
|
574.30
|
586.00
|
|
Ag-Sep
|
27.280
|
0.68%
|
27.100
|
27.575
|
|
London
|
AM
|
PM
|
Minor
|
PGMs
|
|
Au
|
1580
|
|
Rh
|
1250
|
|
Pt
|
1413
|
1415
|
Ru
|
115
|
|
Pd
|
582
|
581
|
Ir
|
1100
|
|
Ag
|
27.45
|
DJI
|
12932.31
|
0.18
|
|
Currencies
|
|
|
|
|
|
|
USD
|
EUR
|
JPY
|
GBP
|
|
USD
|
0
|
0.8162
|
78.629
|
0.6376
|
|
EUR
|
1.2235
|
0
|
96.2
|
0.78031
|
|
JPY
|
0.01269
|
1.03853
|
0
|
0.008103
|
|
GBP
|
1.56774
|
1.2813
|
123.277
|
0
|
|
Oil
|
Last
|
%Change
|
Low
|
High
|
|
Brent - Sep
|
106.93
|
1.68%
|
105.37
|
107.44
|
|
WTI - Sep
|
91.59
|
1.57%
|
90.16
|
91.83
|
|
*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES
|
|
|||
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