Thanks Endless and Good Morning all,
US - Market Reflections - Tuesday 5th July, 2011
A rating cut for Portugal late in Tuesday's session gave a boost to safe-haven assets. The Moody's action is a reminder that sovereign risk, despite last week's progress over Greece, remains a key uncertainty for the outlook. Money moved into short-term Treasuries including the 2-year note where the yield fell a sharp four basis points to 0.43 percent. The dollar index rose 1/2 percent while gold rose $30 to $1,515. Despite the Moody's cut, the Dow, ending at 12,569, was only fractionally changed while commodities firmed including oil which gained $2 to $97.
Market Focus in the US this evening
ADP offered the right signal last month, one of trouble for the monthly jobs report. Markets will be watching this report closely today.
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The DJIA Index finished it's last trading session: Down 12.90 points; and
The the SPI Futures are currently trading: Up 9 points.
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On the 'Economic news' front, please note the following:-
Of note in the US this evening:
ISM Non-Mfg Index
Of note in Australia today:
Please note there is no key data due to be reported in Australia today.
Of note elsewhere today/this evening:
European Monetary Union - Gross Domestic Product s.a. (QoQ) (YoY) (Q1)
Germany - Factory Orders n.s.a. (MoM) (YoY) (May)
New Zealand - Gross Domestic Product (QoQ) (YoY) (Q1)- denotes: Market Moving Indicator
- denotes: Merits Extra Attention
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Gold is currently sitting trading Down $3.80 atm and is sitting at US$1,512.50/oz atm;
Oil (Nymex Crude) is currently trading Up $0.19 atm and is sitting at US$97.08/bbl atm
The Dollar: The AUD is currently trading @ $1.0690c against the US Dollar
Sources used above: bloomberg.com; nasdaq.com; dailyfx.com; fxstreet.com; & kitco.com
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Have a great day.
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daytrades july 6 morning ...
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