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Blog / Forex vijesti / --->10-02-12 - Daily Market Review

--->10-02-12 - Daily Market Review

10.2.2012
 
 
  Important Financial Indicators of the day Forecast Previous
GBP 09:30(GMT) PPI Input 0.4% -0.6%
CAD 13:30(GMT) Trade Balance 0.7B 1.1B
USD 13:30(GMT) Official Bank Rate -48.1B 1.1B
USD 17:30(GMT) Fed Chairman Bernanke speaks    

Currencies

  • EUR/USD The dollar advanced versus most of its major counterparts as Asian stocks fell and European finance ministers withheld an aid package for Greece.
    • The dollar rose 0.2 percent to $1.3255 per euro as of 6:30 a.m. in London
  • AUD/USD Australia's dollar fell from near a six-month high after the Reserve Bank lowered its forecasts for growth and inflation this year, boosting scope for policy makers to reduce interest rates.
    • Australia's dollar slid 0.7 percent to $1.0714 at 4:13 p.m. in Sydney, after reaching $1.0845 on Feb. 8, the most since Aug. 2

Commodities

  • Oil fell from the highest in three weeks, trimming a weekly gain, as concern that Europe's debt crisis will worsen and curb global commodity demand.
    • Oil for March delivery fell as much as 46 cents to $99.38 a barrel in electronic trading on the New York Mercantile Exchange and was at $99.57 at 5 p.m. Sydney time
  • Gold hovered unchanged at around $1,730 an ounce on Friday in cautious trade as euro zone finance ministers held off on approving a bailout package for Greece even after it said it had clinched a deal on economic reforms.
    • Gold Price was little changed at $1,732.34 an ounce by 0315 GMT, after two straight days of losses.

Equities

  • Asian stocks fell, paring the regional index's longest streak of weekly gains since 2005, as European leaders held back aid for debt-laden Greece pending a parliamentary vote on an austerity plan and as companies cut earnings forecasts.
    • The Nikkei 225 Stock Average lost 0.6 percent today.
    • South Korea's Kospi Index dropped 1 percent.
    • Hong Kong's Hang Seng Index both fell 1.2 percent.
  • US stocks rose, sending the Standard & Poor's 500 Index higher for a third day, as Greek political leaders struck a deal on a package of austerity measures needed to secure international rescue funds.
    • The S&P 500 increased 0.2 percent
    • The Dow Jones Industrial Average advanced 6.51 points
  • European stocks rose for the first time in four days as Greek political leaders reached a consensus on austerity measures and the European Central Bank held its benchmark interest rate at a record low.
    • France's CAC 40 added 0.4 percent.
    • Germany's DAX climbed 0.6 percent.
    • U.K.'s FTSE 100 gained 0.3 percent.

Sources: Bloomberg, FT


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