SamTrader1
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By BinaryOptionStrategy.com
Equities
Asian markets closed mixed, with minimal reaction to Thursday’s weak US data. The Nikkei eased slightly, losing 14 points to 9707, and the Australian ASX 200 slid .5%, while the Kospi rallied .8%, and the Shanghai Composite closed flat.
European indexes fell, following another downgrade of Greece’s credit rating. The DAX tumbled 1.2% and the CAC40 fell .9%. THE FTSE escaped mostly unharmed, easing .1%. The German Central Bank warned of a potential economic slowdown in Germany.
In the US, the Dow fell 93 points and the Nasdaq dropped .7%. The VIX jumped more than 12% to 17.43 as European concerns weighed on investors minds.
Gap shares tumbled 17.5% after cutting its outlook for the year, citing high cotton prices.
Salesforce shares gained 8% after blowing past sales expectations, even as profits fell.
Treasuries and Commodities
Bonds posted narrow gains, as the 10-year note rose 7/32 to yield 3.15% and the 30-year note inched up 3/32 to yield 4.3%.
Commodities gained despite the falling stock market. In energy, crude oil rose 1.1% to 99.49, and natural gas jumped 3.3% to 4.23. Metals closed higher, led by copper which gained 1.7% to 4.1215. Gold rallied 1.1% to 1508.90, and silver rose .4% to 35.087.
Currencies
The Euro fell 1.1% to 1.4158, as Greece’s debt troubles remain in focus. The Swiss Franc gained .4% to .8772, while the Canadian Dollar fell .7% to .9742. The Pound and Australian Dollar closed within .1% of Thursday’s close.
Euro Tumbles
Economic Outlook
Monday’s sole report is the Chicago Fed National Activity Index, which incorporates 85 indicators to produce a unified picture of the economic state of the US.
Earnings are due from Campbell Soup and Krispy Kreme Doughnuts.
Equities
Asian markets closed mixed, with minimal reaction to Thursday’s weak US data. The Nikkei eased slightly, losing 14 points to 9707, and the Australian ASX 200 slid .5%, while the Kospi rallied .8%, and the Shanghai Composite closed flat.
European indexes fell, following another downgrade of Greece’s credit rating. The DAX tumbled 1.2% and the CAC40 fell .9%. THE FTSE escaped mostly unharmed, easing .1%. The German Central Bank warned of a potential economic slowdown in Germany.
In the US, the Dow fell 93 points and the Nasdaq dropped .7%. The VIX jumped more than 12% to 17.43 as European concerns weighed on investors minds.
Gap shares tumbled 17.5% after cutting its outlook for the year, citing high cotton prices.
Salesforce shares gained 8% after blowing past sales expectations, even as profits fell.
Treasuries and Commodities
Bonds posted narrow gains, as the 10-year note rose 7/32 to yield 3.15% and the 30-year note inched up 3/32 to yield 4.3%.
Commodities gained despite the falling stock market. In energy, crude oil rose 1.1% to 99.49, and natural gas jumped 3.3% to 4.23. Metals closed higher, led by copper which gained 1.7% to 4.1215. Gold rallied 1.1% to 1508.90, and silver rose .4% to 35.087.
Currencies
The Euro fell 1.1% to 1.4158, as Greece’s debt troubles remain in focus. The Swiss Franc gained .4% to .8772, while the Canadian Dollar fell .7% to .9742. The Pound and Australian Dollar closed within .1% of Thursday’s close.
![may-22-euro-tumbles.png](/proxy.php?image=http%3A%2F%2Fwww.binaryoptionstrategy.com%2Fwp-content%2Fuploads%2F2011%2F05%2Fmay-22-euro-tumbles.png&hash=3f2664a1179cada48b52cfb4b87de3ff)
Euro Tumbles
Economic Outlook
Monday’s sole report is the Chicago Fed National Activity Index, which incorporates 85 indicators to produce a unified picture of the economic state of the US.
Earnings are due from Campbell Soup and Krispy Kreme Doughnuts.