Thursday, 10 April 2014

ASIAN STOCKS

Asian shares look to extend recent solid gains on Thursday, while the dollar drifted at three-week lows against a basket of major currencies.


U.S.STOCKS

US stocks rallied on Wednesday after minutes from the Federal Reserve’s latest policy meeting showed a more supportive central bank than investors had previously expected.

U.S.TREASURIES

The benchmark 10-year cash yield rose 0.5 basis point to 0.615 percent.

FTSE

The FTSE 100 had shed 1.6 percent over the previous two days. However, charts showed the trend for the index remained up and investors were still prepared to buy into market dips, betting on a recovery in the global economy despite geopolitical tensions in Ukraine and volatility in emerging markets.

NIKKEI

The Nikkei gained 1.0 percent to 14,438.52 in mid-morning trade, snapping a four-day losing streak that saw it drop to a three-week low on the previous day.

DOLLAR

The dollar drifted at three-week lows against a basket of major currencies early on Thursday, having fallen for a fourth session after minutes from the Federal Reserve's March meeting disappointed dollar bulls.

U.S.CRUDE

U.S. crude oil stocks rose more than expected last week, but the build was overshadowed by a sharp spike in gasoline demand, according to U.S. Energy Information Administration data.

NYMEX CRUDE

NYMEX-U.S. crude holds above $103 on gasoline demand, Ukraine

U.S.CRUDE

U.S. crude rose more than $1 on Wednesday, driven by a technical rally and unexpectedly high gasoline demand, while tensions between Russia and the West underpinned Brent crude prices.

BRENT CRUDE

Brent crude fell 49 cents to $107.49 a barrel by 0309 GMT, after gaining $2.16 over the past two days. U.S. crude fell 38 cents to $103.22.

OIL

Oil prices look set to rise on the back of a continued soft monetary policy that will allow U.S. consumers to spend more," said Le Brun.

LME COPPER

Three-month copper on the London Metal Exchange climbed by 0.4 percent to $6,641 a tonne by 0105 GMT, paring losses from the previous session when it fell by 0.8 percent.

COPPER

London copper edged up on Thursday, supported by the prospect U.S. interest rates may not rise as soon as previously thought, while investors were awaiting Chinese trade data to shed fresh light on demand in the world's top consumer.

SPDR GOLD

SPDR Gold Trust, the biggest gold-backed exchange-traded fund, saw fresh money coming in earlier in the year but it hasn't recorded any inflow since March 24.

PLATINUM

Platinum rose 0.4 percent to $1,439.49 an ounce

SILVER

Silver was down 0.4 percent at $19.92 an ounce, 

U.S.GOLD

U.S. COMEX gold futures for June delivery settled down $3.20 an ounce at $1,305.90, with trading volume about 35 percent below its 30-day average, preliminary Reuters data showed.

SPOT GOLD

Spot gold was flat at $1,311.45 an ounce by 0034 GMT, after rising for the last two sessions.

GOLD

Gold steadied near two-week highs on Thursday after minutes from the Federal Reserve's policy meeting showed that officials were not keen on increasing interest rates anytime soon.

U.S.MARKET UPDATE

US stocks rallied on Wednesday after minutes from the Federal Reserve’s latest policy meeting showed a more supportive central bank than investors had previously expected.

The Dow Jones industrial average rose 181.04 points or 1.11 percent, to end at 16,437.18. The S&P 500 gained 20.22 points or 1.09 percent, to finish at 1,872.18. The Nasdaq Composite added 70.91 points or 1.72 percent, to close at 4,183.90.


Friday, 4 April 2014

ASIAN MARKET UPDATE

Asian markets settled in for a subdued session on Friday as investors counted down the hours to the U.S. jobs report, while the euro nursed a grudge after the European Central Bank opened the door to more aggressive easing, albeit not just yet.

U.S.TREASURIES

Longer-dated U.S. Treasuries yields edged lower on Thursday after data showed U.S. initial jobless claims rose more than expected last week, causing some jitters ahead of the monthly labor market report due on Friday and spurring a safety bid.

EURO

The euro traded at one-month lows against the dollar early on Friday, having suffered a bit of a setback after the European Central Bank notched up its dovish rhetoric following a widely expected decision to leave interest rates unchanged.

FTSE

British blue-chip shares edged lower after testing a three-week high on Thursday, as the end of a two-week rally in mining shares offset gains by Tullow Oil.

NIKKEI

The Nikkei average slipped from a three-week high on Friday on caution before the release of U.S. jobs data, but speculation that the Bank of Japan may adopt more stimulus next week underpinned shares of real estate and brokerage firms.