Financial Markets Today - By - Tue, July 24, 2012

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Financial Markets Today - By - Tue, July 24, 2012

Post  fxwdnet on Tue Jul 24, 2012 5:32 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 substantially lower yesterday, yet above session lows. The crisis in Europe continues to affect the global markets. Dow Jones index futures points toward a stable opening. Yesterday, The Dow Jones index was closing at 12,721 -0.79%, the S&P 500 index was closing at 1,350 -0.89% and the NASDAQ index was closing at 2,890 -1.20%.

European Markets

European Markets were closed substantially lower yesterday. Overnight Moody's ratings agency downgraded its outlook for 3 'Aaa' European : Germany, Netherlands and Luxembourg, and emphasized that the burden of support must fall on the more robust European countries. Yesterday, The FTSE 100 index was closing at 5,533 -2.09% , the German DAX was closing at 6,419 -3.18% and the France CAC was closing at 3,101 -2.89%.

Asian Markets

Asian Markets were trading with little change earlier today. Investors continue to stay away from risky assets mainly due to the concerns that the debt crisis in Europe is getting worse. Earlier today, The SSE Composite Index In China was closing at 2,147 0.28% while the Hang Seng Index in Hong Kong was closing at 19,072 0.10%, and the Nikkei 225 Index in Japan was closing at 8,482 -0.30%.

Commodities & Foreign Exchange

The U.S Dollar Index is higher, currently traded around 83.71 on a lower Euro. Crude NYMEX is up by 0.11%, currently traded around $89.80. Gold prices down by 0.06%, the precious metal is currently traded around $1,576, Spot Silver is currently traded around $27.07.

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


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