Saturday 26 May 2012

ASIAN STOCK

Asian currencies fell for a fourth week, the longest stretch of losses this year, on speculation Europe’s debt crisis will stall the global economic recovery and hurt demand for the region’s exports.
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U.S.STOCK

U.S. stocks ended their first positive week in four with a down day on Friday as investors were reluctant to buy going into a long weekend, with uncertainty still swirling around Europe.
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S&P

The Standard & Poor’s 500 Index dropped 0.2 percent to 1,317.82 at the close in New York.
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U.S.TREASURY

The yield on the benchmark 10-year Treasury note decreased to 1.74 percent from 1.78 percent late yesterday.
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DOLLAR

The dollar spiked to a near two-year high against the euro, weighing on demand for dollar-denominated raw materials such as wheat and copper from those using the euro.
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EURO

The euro tumbled to near two-year lows against the dollar and remained on track for its worst weekly showing in five months,rattled by fears of a possible Greek exit and the risk other debt-plagued countries could also leave the euro zone.
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OIL

Oil rose on reports showing that U.S. consumer confidence gained and the United Nations’ atomic agency found evidence Iran boosted its output of enriched uranium that could be used for a nuclear weapon.
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SPOT PLATINUM

Spot platinum also rose about 1 percent to around $1,428 an ounce.
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PLATINUM

Platinum has underperformed gold recently, with the gold/platinum ratio – which measures the number of platinum ounces needed to buy an ounce of gold – rising to its highest since the end of January at 1.1.
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LME COPPER

LME copper settled at $7,654 per tonne in the official session, up 0.59 percent from the previous day’s evening evaluation. Prices hit the lowest since early January at $7,503 this week.
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SPOT GOLD

Spot gold hovered at just under $1,572 an ounce, up 1 percent on the day and down 1.3 percent on the week.
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GOLD

Gold prices edged higher on Friday after another day of choppy trading but the shiny metal still finished the week lower after broad commodities selling earlier in the week due in part to a strong dollar.
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U.S. MARKET UPDATE

U.S. stocks ended their first positive week in four with a down day on Friday as investors were reluctant to buy going into a long weekend, with uncertainty still swirling around Europe.
The Dow Jones industrial average .DJI fell 74.92 points, or 0.60 percent, to 12,454.83 at the close. The Standard & Poor’s 500 Index .SPX dipped 2.86 points, or 0.22 percent, to 1,317.82. The Nasdaq Composite Index .IXIC was down 1.85 points, or 0.07 percent, at 2,837.53.
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Friday 25 May 2012

ASIAN STOCK

Asian shares inched higher on Friday, helped by a slight uptick in U.S. shares overnight that encouraged investors to return cautiously to buy up bargains after recent slides, but weak global data and Europe’s fiscal woes limited the gains.
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U.S.STOCK

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.
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S&P

The Standard & Poor’s 500 Index  was up 1.82 points, or 0.14 percent, at 1,320.68.
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U.S.TREASURY

U.S. Treasuries prices drifted lower on Thursday after a well-received auction of seven-year notes and as traders prepared for an abbreviated session ahead of a long holiday weekend.
Seven-year notes, last down 2/32 in price to yield 1.176 percent, are among the most sensitive to speculation over further quantitative easing by the Federal Reserve as they have benefited from the Fed’s bond purchases.
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FTSE

The blue-chip FTSE 100 index closed up 83.64 points,or 1.6 percent, to 5,350.05 points.
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NIKKEI

The average advanced 0.3 percent to 8,592.21 on Friday, but is still down 0.3 percent this week. If the Nikkei were to end the week lower it would be the eighth straight week of losses,its longest such run since 1992.

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DOLLAR

The dollar index measured against key currencies hovered near a 20-month high of 82.376 hit on Thursday, due to its safe-haven appeal.
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EURO

The euro fetched $1.2535, gently pulling away from $1.2516, its lowest since July 2010. Against the yen, the euro recovered from a four-month trough of 99.37 yen  to last stand at 99.73.
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BRENT CRUDE

Brent crude climbed 37 cents to $106.92 a barrel.
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U.S.CRUDE

U.S. crude is down about 18 percent from its 2012 high of $110.55, also hit on March 1.
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PLATINUM

Platinum prices have fallen after data showing imports into Switzerland, a major PGM clearing hub, at their lowest in over four years in April, largely due to a steep decline in shipments from top producer South Africa.
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SILVER

Silver tracked gold higher to rise about 2 percent to above $28 ounce.
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SHANGHAI COPPER

The most-traded September copper contract on the Shanghai Futures Exchange inched down 0.1 percent to 55,090 yuan ($8,700) a tonne.
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LME COPPER

Three-month copper on the London Metal Exchange was little changed at $7,613.25 a tonne by 0101 GMT, on track for a 0.5 percent decline from the week before, its fourth consecutive week in the red.
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COPPER

Copper rose 1 percent in a mild recovery from the prior session’s 4-1/2 month low, though gains were held firmly in check by a round of soft manufacturing data that continued to cloud near-term demand prospects.
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U.S.GOLD

U.S. gold for June delivery was hardly changed at $1,558.00 an ounce.
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GOLD

Gold barely moved on Friday in line with calmer equities but the metal was on track for a 6 percent loss this month, hit by fears the debt crisis in Europe could spiral out of control and trigger a global economic slowdown.
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