Overnight and weekly wrap up
Saturday, 9 April 2011 11:53
Overnight in the US treasuries and stocks dropped lower as inflation expectations surged and the markets continue to believe the Fed will lag behind other central banks in raising rates. As of this writing the US government has finally reached an agreement and agreed to cuts totally almost 38 billion dollars, the largest cuts […]
Read MoreThe Aussie $ has hit a 29 year high against the US $
Friday, 8 April 2011 01:22
The Aussie $ has hit a 29 year high against the US $, boosted by strong jobs data, soaring metal prices and the looming risk of a US government shutdown
Read MoreMetals rise accross the board
Friday, 8 April 2011 11:07
Copper in London gained for a fourth day, on track for its best week in two months, on growing optimism that supplies will fall short of demand. Gains in Tin, Zinc, Lead and ALU were also strong in the past week.
Read MoreEuropean stocks rose in early trade on Friday
Friday, 8 April 2011 10:58
European stocks rose in early trade on Friday, off the back of the European Central Bank’s decision to raise interest rates helped fuel optimism over the health of euro zone economy. The FTSE, DAX, CAC and IBEX were all up over 0.75% in early trading.
Read MoreThe euro sold off from highs
Friday, 8 April 2011 08:21
The euro sold off from highs after the European Central Bank’s widely expected interest rate rise and a broad sell-off in the yen stalled.
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