Financial Markets Today - By - Thu, July 12, 2012

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Financial Markets Today - By - Thu, July 12, 2012

Post  fxwdnet on Thu Jul 12, 2012 4:48 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 disappointed from the FED protocols. Fed Members do not support a new program for purchasing bonds, although some of them do support the development of "new tools" to aid the financial system. Dow Jones index futures points to a lower opening. Yesterday, The Dow Jones index was closing at 12,604 -0.38%, the S&P 500 index was closing at 1,341 -0.00% and the NASDAQ index was closing at 2,887 -0.49%.

European Markets

European Markets were closed with a mixed sentiment yesterday as investors are waiting for the approval of the European stabilization mechanism. Spain has introduced a 65 billion euros austerity program, including VAT and pension cuts. Yesterday, The FTSE 100 index was closing at 5,664 0.01%, the German DAX was closing at 6,453 0.24% and the France CAC was closing at 3,157 -0.57%.

Asian Markets

Asian Markets were closed with a mixed sentiment yesterday. The Chinese government continues to focus on reviving the economy and may take additional fiscal measures to support growth. Yesterday, The SSE Composite Index In China was closing at 2,175 0.51% while the Hang Seng Index in Hong Kong was closing at 19,419 0.12%, and the Nikkei 225 Index in Japan was closing at 8,851 -0.08%.

Commodities & Foreign Exchange

The U.S Dollar Index is higher, currently traded around 83.52 on a lower Euro. Crude NYMEX is up by 2.66%, currently traded around $86.13. Gold prices are down by 0.21%, the precious metal is currently traded around $1,576, Spot Silver is currently traded around $27.11.

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


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