Morning all
Thanks to Trees and the others
SPI: -31 @ 5442
XJO Yesterday: + 5 @ 5484
U.S. stocks closed lower on Tuesday, pressured by a rising dollar, while investors digested data from the International Monetary Fund and remarks from a Federal Reserve official.
The Dow Jones industrial average fell as much as 137.59 points before closing about 85 points lower, with 3M contributing the most losses. The S&P 500 fell 0.64 percent, with utilities falling more than 2 percent to lead decliners. The benchmark index fell below 2,150 earlier in the seession, a key support level. "If we break that level, then you could see some more downside momentum," said Deming. 1
Deutsche Bank stock rose 2%
Oil settled slightly lower in choppy trade on Tuesday as a surging dollar and anticipation of higher U.S. crude stockpiles offset optimism about planned OPEC output cuts that initially took Brent to four-month highs.
A slump in equity prices on Wall Street also weighed on oil.
Brent settled down 2 cents at $50.87 a barrel, after rising earlier to $51.37, its highest since June 10.
WTI crude closed down 12 cents at $48.69. At the session high, it hit $49.13, its highest since July 5. 2
Oil: $ 48.63 - .18c
Copper: - .42%
Nickel: - 2.4%
Zinc: - 1.15%
Aluminium: - .4%
Gold futures for December delivery fell more than 3 percent to settle at $1,269.70 per ounce, posting its worst trading day since 2013.
"The sell-off which we are seeing for gold is mainly due to the reason that some Fed members have created noise again that November meeting could be live when it comes to the interest rate. Although it sounds extremely bizarre because we also have the US election in that particular month, and I do not see the Fed combining the two risky events together," Naeem Aslam, chief market analyst at Think Markets, said in a note to clients. 3
Gold: $ 1270 - 3.1%
HUI: - 10%
AUD Gold: $1666
AUD: .7625
On Today:
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Have a good day
Sources:
1 CNBC
2 Reuters
3 *****
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