Financial Markets Today - By - Fri, July 20, 2012

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Financial Markets Today - By - Fri, July 20, 2012

Post  fxwdnet on Fri Jul 20, 2012 6:00 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 on investors hopes for a combined move by the world's central banks to incentive the markets. Initial claims for unemployment benefits, went up by 34 thousand to 386 thousand versus an expected 367 thousand claims. Dow Jones index futures points to a higher opening. Yesterday, The Dow Jones index was closing at 12,943 0.27%, the S&P 500 index was closing at 1,376 0.27% and the NASDAQ index was closing at 2,965 0.79%.

European Markets

European Markets were closed higher yesterday. The German parliament approved the Spanish rescue package, designed for banks in the country, totaling 100 billion euros. Finance ministers of the Euro zone, are expected to meet over the weekend to discuss the stabilisation of the Euro zone. Yesterday, The FTSE 100 index was closing at 5,714 0.50% , the German DAX was closing at 6,758 1.11% and the France CAC was closing at 3,263 0.87%.

Asian Markets
Asian Markets were trading with a positive sentiment yesterday. It seems that the markets are running on hopes for government intervention rather than on actual positive data. Yesterday, The SSE Composite Index In China was trading around 2,184 0.73% while the Hang Seng Index in Hong Kong was trading around 19,559 1.66%, and the Nikkei 225 Index in Japan was trading around 8,795 0.79%.

Commodities & Foreign Exchange
The U.S Dollar Index is lower, currently traded around 82.93 on a higher Euro. Crude NYMEX is up by 2.78%, currently traded around $92.37. Gold prices up by 0.62%, the precious metal is currently traded around $1,580, Spot Silver is currently traded around $27.22.

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


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