Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy
Equities
Asian markets slumped in response to a warning by S&P that it was placing 15 euro zone nations on credit watch for a possible downgrade. The Nikkei declined 1.4% to 8575, but Olympus shares jumped more than 9% amid expectations the stock will recover from its scandal induced losses. In Australia, the ASX 200 shed 1.5%., despite a .25% rate cut by the Reserve Bank of Australia. The Kospi fell 1%, the Hang Seng dropped 1.2%, and the Shanghai Composite eased .3%.
European markets traded mostly lower, as the DAX sank 1.3%, the CAC40 lost .7%, and the FTSE closed flat. German retail chain, Metro, plunged 14% on a weak outlook, pulling down the retail sector by 2.1%.
Germany's DAX Sinks 1.3%
US stocks ended mixed, as the Dow climbed 52 points to 12150, the S&P 500 inched up .1%, and the Nasdaq fell .2%.
Toll Brothers rallied 2.7% on home sales that beat estimates. Darden Restaurants tumbled 12.4% after cutting its outlook.
Treasuries and Commodities
Bonds declined, with 10-year notes slipping 10/32 to yield 2.08%, and 30-year notes down 1 3/32 to yield 3.08%.
Energy rose, led by gasoline futures, which advanced 1.1% to 2.6414. Natural gas gained .7%, and crude oil edged up .1% to 101.07.
Silver rallied 1.7% to 32.92, and gold ticked .1% to 1736.10, while copper declined .5% to 3.597.
Currencies
The Canadian Dollar rose .7% to 1.0098, lifted by solid Ivey PMI data, while the Dollar was firm against other currencies. The Euro ended flat at 1.3398, the Pound slipped .3% to 1.5595, and the Australian Dollar declined .2%. The Swiss Franc dropped .6% to 1.0794, while the Yen inched up .1% to 77.74.
Economic Outlook
The news continues to be dominated by the Euro debt crisis, and the focus is now on the proposed stability fund changes, due to be discussed at the EU summit later this week. It remains to be seen if the officials have the will to tackle the enormity of the debt problem.
Wednesday’s reports will include consumer credit, weekly oil inventories, and weekly mortgage applications.
Earnings are due from Pacific Sunwear, and Vail Resorts.
Equities
Asian markets slumped in response to a warning by S&P that it was placing 15 euro zone nations on credit watch for a possible downgrade. The Nikkei declined 1.4% to 8575, but Olympus shares jumped more than 9% amid expectations the stock will recover from its scandal induced losses. In Australia, the ASX 200 shed 1.5%., despite a .25% rate cut by the Reserve Bank of Australia. The Kospi fell 1%, the Hang Seng dropped 1.2%, and the Shanghai Composite eased .3%.
European markets traded mostly lower, as the DAX sank 1.3%, the CAC40 lost .7%, and the FTSE closed flat. German retail chain, Metro, plunged 14% on a weak outlook, pulling down the retail sector by 2.1%.
Germany's DAX Sinks 1.3%
US stocks ended mixed, as the Dow climbed 52 points to 12150, the S&P 500 inched up .1%, and the Nasdaq fell .2%.
Toll Brothers rallied 2.7% on home sales that beat estimates. Darden Restaurants tumbled 12.4% after cutting its outlook.
Treasuries and Commodities
Bonds declined, with 10-year notes slipping 10/32 to yield 2.08%, and 30-year notes down 1 3/32 to yield 3.08%.
Energy rose, led by gasoline futures, which advanced 1.1% to 2.6414. Natural gas gained .7%, and crude oil edged up .1% to 101.07.
Silver rallied 1.7% to 32.92, and gold ticked .1% to 1736.10, while copper declined .5% to 3.597.
Currencies
The Canadian Dollar rose .7% to 1.0098, lifted by solid Ivey PMI data, while the Dollar was firm against other currencies. The Euro ended flat at 1.3398, the Pound slipped .3% to 1.5595, and the Australian Dollar declined .2%. The Swiss Franc dropped .6% to 1.0794, while the Yen inched up .1% to 77.74.
Economic Outlook
The news continues to be dominated by the Euro debt crisis, and the focus is now on the proposed stability fund changes, due to be discussed at the EU summit later this week. It remains to be seen if the officials have the will to tackle the enormity of the debt problem.
Wednesday’s reports will include consumer credit, weekly oil inventories, and weekly mortgage applications.
Earnings are due from Pacific Sunwear, and Vail Resorts.