MARKET MONITOR
"Asian stocks rising overnight (MSCI Asia Pacific adding 0.5%) on further speculation central bankers in China and Europe will ease monetary policy.
Rubber advanced 3.3% as U.S. factory orders and auto sales beat estimates.
BHP Billiton rose more than 2% as a surge in the past week boosted the earnings outlook.
Manchester United filed to raise $100 million in a U.S. initial public offering.
Both the S&P and the Dow closed unchanged after SA futures close.
U.S. markets are closed today for the Fourth of July holiday."
• Brent crude slipped, but stayed above $100 per barrel as weak global economic data fuelled expectations of a stimulus response by central banks, and rising tension over Iran's nuclear programme fed worries about supply disruption.
• The euro inched lower on bond redemption-related selling, with some investors stuck on the sidelines for the U.S. market holiday, while others took positions before a European Central Bank policy meeting on Thursday
• London copper edged down as investors locked in recent steep gains, waiting for more signs from central banks to revive a faltering global economy that has dented demand for industrial metals.
• Gold hovered near a two-week high, helped by hopes central banks will ease monetary policy in a bid to nurture a fragile recovery in the global economy.
• Asian shares rose to a seven-week high as investors kept hopes high for more monetary policy stimulus to support the faltering global economy, starting with a likely rate cut by the European Central Bank. European stock index futures pointed to a slightly lower open, with investors seen taking some profits from two-month highs ahead of policy meetings of the European Central Bank and the Bank of England on Thursday. U.S. stocks extended a rally for a third day on Tuesday as sharp gains in oil prices lifted energy shares and traders factored in increased expectations for central bank stimulus."
No comments:
Post a Comment