Good morning Traders,
DOW Snapshot from previous trading session
"Stocks ended mixed Friday, but slightly higher for the week, as investors balanced strong U.S. corporate earnings against currency tensions at a summit of the world's major economies. Only 12 of the 30 blue-chip Dow index components ended higher Friday, while the tech-heavy Nasdaq got a moderate boost from strong earnings after Thursday's closing bell.
"Today's an especially slow day with a lack of economic data," said Stephen Carl, head equity trader at the Williams Capital Group. "The market is basically drifting ahead of more earnings and a lot of reports next week." Over the week, the Dow and the S&P gained 0.6%, while the Nasdaq ticked up 0.4%. Though domestic earnings generally have been strong this quarter, stocks were under some pressure Friday as investors remained concerned about issues abroad.
The two-day Group of 20 finance and central bank ministers meeting kicked off Friday in South Korea, with tensions about a so-called currency war brewing. U.S. officials have been pushing China to allow its currency, the yuan, to rise against the dollar and level the international export playing field.
In a letter to the G-20 ministers, Treasury Secretary Tim Geithner urged some developing countries to stop keeping their currencies artificially low, and to cap their surpluses or deficits to rebalance the world economy." [Source:cnnmoney.com]
The DJIA Index finished the trading session Down 14.01; and
The SPI Futures are currently: Down 4 pts atm.
Of note in the US this evening:- Existing Home Sales (Sep) [Market moving indicator]
...AND...
Of note in Australia today:- Please note there is no noteworthy 'Economic news' due to be reported in Australia today.
Gold is currently trading Up $4.40 & is sitting at US$1,332.10/oz atm [Source: Kitco]
Oil is currently trading Up $0.28 & is sitting at US$81.97/oz atm [Source: Bloomberg]
The Dollar: The AUD/US is currently trading @ 0.9836 cents [Source: Forex. Live]
Have a great day trading today all.
Cheers, Tweets
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Good morning Traders,DOW Snapshot from previous trading...
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