Friday, 25 May 2012

U.S. MARKET UPDATE

U.S. stocks ended slightly higher in a third session marked by late-day swings, but the Nasdaq fell after NetApp gave a weak revenue forecast, casting doubt on the outlook for tech spending.
The Dow Jones industrial average was up 33.60 points,or 0.27 percent, at 12,529.75. The Standard & Poor’s 500 Index was up 1.82 points, or 0.14 percent, at 1,320.68. The Nasdaq Composite Index was down 10.74 points, or 0.38 percent, at 2,839.38.
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Commodity Market Outlook :25-05-2012

Copper up from 4-1/2 month low
LME zinc stocks fall from 12-year high
Crude oil futures rebounded on Thursday
U.S. durable goods data up less than expected
Gold prices rise 1 percent as dollar retreats
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Thursday, 24 May 2012

ASIAN STOCK

Asian shares were steady but remained vulnerable on Thursday amid signs European leaders were unable to deliver meaningful measures to resolve the region’s deepening debt crisis.
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U.S.STOCK

U.S. stocks staged a late-day reversal on Wednesday, rallying into the close as a sharp rise in materials shares boosted the S&P 500 and gains in Apple helped lift the Nasdaq.
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S&P

The S&P 500 Index edged up 2.23 points, or 0.17 percent, to 1,318.86.
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U.S.TREASURY

U.S. Treasuries prices rose on Wednesday as concerns over repercussions from a possible Greek exit from the euro zone increased demand for safe haven U.S. debt.
Benchmark 10-year notes traded 14/32 higher in price to yield 1.73 percent on Wednesday, down from 1.78 percent late Tuesday. The notes last week traded as low as 1.69 percent,only 2 basis points above the lowest in at least 60 years, which was set in September.
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FTSE

The FTSE 100 slid 2.5 percent to 5,266.41, its biggest one-day percentage drop since Nov. 21 and its lowest close since Nov 25, when markets were similarly beset with worries about the euro zone’s debt crisis.
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NIKKEI

The Nikkei was down 0.1 percent at 8,548.06 and is still down 0.7 percent for the week. If the benchmark were to end the week lower it would mark an eighth straight week of losses, its longest such run since 1992.
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YEN

The yen also gained, with the dollar falling 0.7 percent to 79.41. The Bank of Japan kept its monetary policy unchanged, in line with most expectations, although a few participants had been speculating the central bank could follow up with new easing steps after its monetary easing in April.
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DOLLAR

The dollar index .DXY, which measures the dollar’s value against a basket of major currencies, rose to 82.221, its strongest level since September 2010.
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