Financial Markets Today - By - Wed, July 11, 2012

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Financial Markets Today - By - Wed, July 11, 2012

Post  fxwdnet on Wed Jul 11, 2012 4:09 am

It is our pleasure to present you with daily analysis and a list of important events in the week to come.

U.S. Markets

U.S Markets were closed lower yesterday as the start of the earnings seasons confirmed a slowing global growth. Although Alcoa report for the second quarter has surpassed analysts estimations, the prevailing opinion is that the aggregated profit of Wall Street companies will shrink by 2% on the second quarter. Dow Jones index futures points to a flat opening. Yesterday, The Dow Jones index was closing at 12,653 -0.65%, the S&P 500 index was closing at 1,341 -0.81% and the NASDAQ index was closing at 2,902 -1.00%.

European Markets

European Markets were closed higher yesterday. The European finance ministers weekly meeting did not raise the threshold of optimism. The EU Finance ministers agreed that Spain would receive an instant credit line of about 30 billion euros by the end of the month, it was also decided to extent the time frame by which it has to meet its budget deficit set by the EU. Yesterday, The FTSE 100 index was closing at 5,664 0.65%, the German DAX was closing at 6,438 0.79% and the France CAC was closing at 3,175 0.59%.

Asian Markets

Asian Markets were closed lower yesterday. Chinese macro data showed that the import growth has slowed more than expected in June, while the trade surplus has widened sharply in June, analysts are expecting a weaker GDP report later this week. Yesterday, The SSE Composite Index In China was closing at 2,164 -0.29% while the Hang Seng Index in Hong Kong was closing at 19,396 -0.20%, and the Nikkei 225 Index in Japan was closing at 8,858 -0.40%.

Commodities & Foreign Exchange

Commodities & Foreign Exchange The U.S Dollar Index is higher, currently traded around 83.40 on a lower Euro. Crude NYMEX is up by 0.31%, currently traded around $84.17. Gold prices are down by 0.59%, the precious metal is currently traded around $1,570, Spot Silver is currently traded around $26.81.

As always, we wish you a successful trading week - and look forward to serving all your trading needs.


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