Guest bhinder Posted December 6, 2011 Report Share Posted December 6, 2011 Important Financial Indicators of the day Forecast Previous CAD 13:30 (GMT) Building Permits 2.3% -4.9% CAD 14:00 (GMT) Overnight Rate 1.00% 1.00% CAD 15:00 (GMT) Ivey PMI 55.2 54.4 Currencies • EUR/USD The euro fell for a third day after S&P’s announcement, which put European nations including the six AAA-rated countries on watch for potential downgrades pending the outcome of a Dec. 8-9 leaders summit. o The 17-nation currency declined 0.3 percent to $1.3367 at 12:47 p.m. in Tokyo. • GBP/USD The pound strengthened against the dollar, snapping a two-day decline, as optimism that euro-area leaders are acting to ease the region’s debt crisis spurred demand for higher-yielding assets. o The pound was 0.6 percent stronger at $1.5687 at 4:32 p.m. London time. • AUD/USD The Australian dollar weakened after the Reserve Bank of Australia reduced its key cash rate target by 25 basis points to 4.25 percent. o The so-called Aussie slid 0.6 percent to $1.0213 as of 2:32 p.m. in Sydney. Commodities • US gold fell on Tuesday, tracking spot prices lower on fears of a possible mass credit rating downgrade for euro zone nations by Standard & Poor's. o Gold shed 1.1 percent to $1,714.80. • Oil dropped from the highest in almost three weeks in New York as investors speculated that fuel demand will falter amid signs Europe is struggling to tame its sovereign debt crisis. o Crude for January delivery fell as much as 61 cents to $100.38 a barrel in electronic trading on the New York Mercantile Exchange. Link to comment Share on other sites More sharing options...
Guest bhinder Posted December 7, 2011 Report Share Posted December 7, 2011 December 7th, 2011 Important Financial Indicators of the day Forecast Previous GBP 09:30 (GMT) Manufacturing production m/m -0.1% 0.2% NZD 20:00 (GMT) Official Cash Rate 2.50% 2.50% Currencies • EUR/USD The euro rose against the majority of its 16 main counterparts amid speculation Europe will expand funds available to the region’s most-indebted nations as leaders prepare to meet in Brussels tomorrow. o The euro rose 0.3 percent to $1.3445 at 7 a.m. London time. • USD/CHF The Swiss franc weakened after a report showed consumer prices fell in November, increasing speculation the country’s central bank will lower the ceiling on the currency’s exchange rate. o It weakened 0.8 percent to 92.77 centimes per dollar. • USD/CAD Canada’s dollar rose for a second day after Bank of Canada policy makers said growth in the domestic and U.S. economy is stronger than forecast, easing speculation the central bank would signal further monetary easing. o Canada’s currency appreciated 0.6 percent to C$1.0100 per U.S. dollar at 5 p.m. in Toronto. Commodities • Gold may gain after exchange-traded product holdings climbed to a record, and speculation that European leaders are making progress in containing the debt crisis boosted the euro and equities. o Immediate-delivery gold was little changed at $1,729.68 an ounce at 11:20 a.m. in Singapore after rising 0.3 percent yesterday. • Oil rose for a fourth day in New York on concern global supplies of crude will shrink after the European Union signaled it may ban imports from Iran and U.S. stockpiles declined. o Crude for January delivery rose as much as 37 cents to $101.65 a barrel and was at $101.60 in electronic trading on the New York Mercantile Exchange at 3:45 p.m. Equities • U.S. stocks rose, sending the Standard & Poor’s 500 Index higher a second day, on speculation European leaders may act to contain the debt crisis after S&P put 15 euro nations on review for possible downgrade. o The S&P 500 advanced 0.1 percent to 1,258.47 at 4 p.m. New York time. o The Dow Jones Industrial Average added 52.30 points. • European stocks fell, snapping two days of gains for the benchmark Stoxx Europe 600 Index, as Standard & Poor’s put 15 euro-area nations on watch for potential rating downgrades. o The Stoxx 600 slipped 0.3 percent to 241.92 at the close. o France’s CAC 40 Index (CAC) retreated 0.7 percent. o U.K.’s FTSE 100 Index added less than 0.1 percent. • Asian stocks (MXAPJ) rose on speculation European leaders meeting this week in Brussels will step up efforts to fight the debt crisis and stave off lower national credit ratings that may make funding bailouts more costly. o The MSCI Asia Pacific Index (MXAP) rose 0.8 percent to 117.48 as of 12:48 p.m. in Tokyo. o Japan’s Nikkei 225 Stock Average (NKY) rose 0.8 percent. o Hong Kong’s Hang Seng Index increased 0.8 percent. Link to comment Share on other sites More sharing options...
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