Financial Markets Today - By - Wed, July 18, 2012

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Financial Markets Today - By - Wed, July 18, 2012

Post  fxwdnet on Wed Jul 18, 2012 5:02 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 modestly higher following Bernanke's speech to Congress. Bernanke stated that the "Economic activity appears to have decelerated somewhat during the first half of this year." and added that the FED would "take further action as appropriate to promote a stronger economic recovery." Dow Jones index futures points to a lower opening. Yesterday, The Dow Jones index was closing at 12,805 0.61%, the S&P 500 index was closing at 1,363 0.74% and the NASDAQ index was closing at 2,910 0.45%.

European Markets

European Markets were closed with a mixed sentiment yesterday. Spain has completed a successful bond issue yesterday against mixed macro data which was published in Germany and the UK. Yesterday, The FTSE 100 index was closing at 5,629 -0.59, the German DAX was closing at 6,577 0.18% and the France CAC was closing at 3,176 -0.09%.

Asian Markets

Asian Markets were trading with a positive sentiment earlier today as investors reacted to Bernanke's report to Congress. HSBC shares which are traded in Hong Kong is going down while Nissan Motor Co. shares register a sharp rise in Tokyo. Earlier Today, The SSE Composite Index In China was trading around 2,147 -0.64% while the Hang Seng Index in Hong Kong was trading around 19,153 1.55%, and the Nikkei 225 Index in Japan was trading around 8,776 0.25%.

Commodities & Foreign Exchange

The U.S Dollar Index is higher, currently traded around 83.06 on a lower Euro. Crude NYMEX is down by 0.57%, currently traded around $89.03. Gold prices are down by 0.65%, the precious metal is currently traded around $1,579, Spot Silver is currently traded around $27.17.

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


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