Good Morning traders,
US Market Report:
U.S. stocks gave up an early advance and closed little changed Monday as investors looked ahead to corporate reports due throughout the week.
Stocks posted broad-based gains earlier in the session on a spate of deal news and a drop in oil prices following talk of a cease fire in Libya. But the tone turned more cautious in the afternoon, as investors were awaiting the early results of the first-quarter reporting period. [Source: cnnmoney.com]
Market Reflections - Monday, 11th April, 2011
Oil fell back $4 to $109 on hopes for a Libyan settlement but it didn't help stocks which were little changed in another light session. Alcoa issued a mixed statement after the close, confirming full year demand growth of 12% but coming up a little bit short on first-quarter sales. [Source: bloomberg.com]
Market Focus in the US this evening
Import/export data for March are timely in more ways than one. [Source: bloomberg.com]
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The DJIA Index finished the last trading session: Up 1.06 points; and
The SPI Futures are currently: Down 20 points atm.
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Of note in the US this evening:- International Trade [
Market moving indicator]
- Bank of Canada Announcement [
- Import and Export Prices [
Merits extra attention]
- Treasury Budget [
- William Dudley speaks
[New York Federal Reserve Bank President - Speech at seminar of Institute of Regulation and Risk, North Asia, in Hong Kong.]
...AND...
Of note in Australia today:- National Australia Bank's Business Confidence (Mar) [
[The National Australia Bank Business Confidence is a survey of the current business condition in Australia. It indicates the performance of the overall Australian economy in a short-term view. A positive economic growth anticipates bullish movements for the AUD, whereas a negative growth is seen as bearish.]- National Australia Bank's Business Conditions (Mar)
[The NAB�s Business Conditions released by the National Australia Bank looks at trading, profitability and employment conditions in Australia. It serves as an indicator of overall economic situation in the short term. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).]
[Sources used: bloomberg.com; dailyfx.com; fxstreet.com; nasdaq.com]
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Gold is neutral atm & is sitting at US$1,463.20/oz atm [Source: Kitco]
Oil is currently trading Down $0.83 & is sitting at US$109.09/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ $1.0478c against the US Dollar [Source: Forex. Live]
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Have a great day trading today all.
Cheers, Tweets
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