SamTrader1
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Equities
Asian market rose broadly, led by the Nikkei which rose 1.1%, as investors overlooked ongoing radiation challenges. Similarly, the Hang Seng and Shanghai Composite both rose 1.1%, followed by the ASX 200 and Kospi which gained .9%.
Gains in Europe were far more subdued, as the FTSE rose .3% and the Dax edged up .2%. S&P downgraded Portgual’s debt rating, in response to the government’s inability to pass austerity measures.
US shares rose, with the Dow gaining 50 points to 12221, and the S&P up .3%. Nasdaq lagged behind, rising .just 2%, but had the biggest weekly gain of the three, up 3.8%. The VIX fell below 18, signaling a renewed calm in the markets.
Research in Motion tumbled 11% after issuing a weak outlook, while Accenture rose 4.5% after raising its 2011 outlook.
Treasuries and Commodities
Bonds eased slightly, with 10-year notes down 9/32 to yield 3.44%, and 30 year notes lost 8/32 to yield 4.5%.
Commodities ended mostly lower as the dollar rose. Oil eased .2% to .105.40, and gold slipped .6% to 1426.20. Silver fell .9% to 37.049, and copper closed down .1% to 4.419. Natural gas stood out, rallying and impressive 3.8%.
Agricultural futures were mixed, as coffee and sugar both rose more than 1%, while cotton fell 2.1% and corn declined 1.9%.
Currencies
The dollar was mostly higher, particularly against its European counterparts. The Swiss Franc tumbled 1.4% to .9206, and the Euro fell .7% to 1.4075. The Pound dropped .5% to 1.6042. The yen fell .6% to 81.48, ending just below the day’s low.
The sole gainer amongst the majors was the Australian Dollar which rallied to a new record high of 1.0294, and closed up .5% at 1.0261.
Australian Dollar Soars to New Record High
Economic Outlook
Friday’s economic reports were mixed. Consumer Confidence dropped to 65.5, the lowest level since November 2009, while GDP was revised upwards to 3.1% from 2.8%.
The situation in Japan remains far from stable, as reports of leaking radiation continue. A significant change in either direction could have a sizable market impact.
By, BinaryOptionStrategy.com
Asian market rose broadly, led by the Nikkei which rose 1.1%, as investors overlooked ongoing radiation challenges. Similarly, the Hang Seng and Shanghai Composite both rose 1.1%, followed by the ASX 200 and Kospi which gained .9%.
Gains in Europe were far more subdued, as the FTSE rose .3% and the Dax edged up .2%. S&P downgraded Portgual’s debt rating, in response to the government’s inability to pass austerity measures.
US shares rose, with the Dow gaining 50 points to 12221, and the S&P up .3%. Nasdaq lagged behind, rising .just 2%, but had the biggest weekly gain of the three, up 3.8%. The VIX fell below 18, signaling a renewed calm in the markets.
Research in Motion tumbled 11% after issuing a weak outlook, while Accenture rose 4.5% after raising its 2011 outlook.
Treasuries and Commodities
Bonds eased slightly, with 10-year notes down 9/32 to yield 3.44%, and 30 year notes lost 8/32 to yield 4.5%.
Commodities ended mostly lower as the dollar rose. Oil eased .2% to .105.40, and gold slipped .6% to 1426.20. Silver fell .9% to 37.049, and copper closed down .1% to 4.419. Natural gas stood out, rallying and impressive 3.8%.
Agricultural futures were mixed, as coffee and sugar both rose more than 1%, while cotton fell 2.1% and corn declined 1.9%.
Currencies
The dollar was mostly higher, particularly against its European counterparts. The Swiss Franc tumbled 1.4% to .9206, and the Euro fell .7% to 1.4075. The Pound dropped .5% to 1.6042. The yen fell .6% to 81.48, ending just below the day’s low.
The sole gainer amongst the majors was the Australian Dollar which rallied to a new record high of 1.0294, and closed up .5% at 1.0261.
Australian Dollar Soars to New Record High
Economic Outlook
Friday’s economic reports were mixed. Consumer Confidence dropped to 65.5, the lowest level since November 2009, while GDP was revised upwards to 3.1% from 2.8%.
The situation in Japan remains far from stable, as reports of leaking radiation continue. A significant change in either direction could have a sizable market impact.
By, BinaryOptionStrategy.com