Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy
Equities
Manufacturing PMI data from China rose for the first time in 3 months, boosting the region’s indexes. In Greater China, the Shanghai Composite advanced 2.3% and the Hang Seng jumped 4.1%. Around the region, the Nikkei rose 1.9% to 8844, the Kospi rallied 3.3% and the ASX 200 gained 2.7%.
European markets extended their gains from Friday. The CAC40 gained 1.6%, the DAX rose 1.4%, and the FTSE closed up 1.1%. Materials stocks led the advance, as the sector rallied 5.4%, encouraged by China’s PMI data.
In the US, stocks continued to rise. The Nasdaq was the biggest gainer, climbing 2.4%, while the Dow rose 105 points and the S&P 500 advanced 1.3%. The VIX dropped more than 6% to settle at 29.26.
Caterpillar shares climbed 5% after reporting strong earnings.
A flurry of M&A activity was announced on Monday. Cigna announced it will buy Healthspring for $3.8 billion, sending Healthspring shares up 34%. Oracle said it will buy Rightnow Technologies for $1.5 billion. Mattel revealed it will buy HIT Entertainment for $680 million.
Treasuries and Commodities
Bonds closed with slight losses as 10 and 30 year notes both slipped 2/32, to yield 2.23% and 3.27% respectively.
Commodities traded mostly higher, thanks to China’s upbeat data. Crude oil jumped 4.6% to 91.39, and copper posted an impressive 7% gain, closing at 3.4495. Gold advanced 17.20 to 1653.30 and silver settled at 31.65, up 1.5%.
Copper Prices Start to Recover
Currencies
The Australian Dollar jumped 1% to 1.0474, thanks to a recovery in commodity prices. The other major currencies rose modestly against the Dollar. The Euro and Pound both inched up .2%, and the Canadian Dollar rose .3% to 1.0035.
Economic Outlook
Tuesday’s reports will include the Case-Shiller home price index, the FHFA home price index, and consumer confidence.
Earnings are due from 3M, UPS, Amazon, DuPont and Deutsche Bank.
Equities
Manufacturing PMI data from China rose for the first time in 3 months, boosting the region’s indexes. In Greater China, the Shanghai Composite advanced 2.3% and the Hang Seng jumped 4.1%. Around the region, the Nikkei rose 1.9% to 8844, the Kospi rallied 3.3% and the ASX 200 gained 2.7%.
European markets extended their gains from Friday. The CAC40 gained 1.6%, the DAX rose 1.4%, and the FTSE closed up 1.1%. Materials stocks led the advance, as the sector rallied 5.4%, encouraged by China’s PMI data.
In the US, stocks continued to rise. The Nasdaq was the biggest gainer, climbing 2.4%, while the Dow rose 105 points and the S&P 500 advanced 1.3%. The VIX dropped more than 6% to settle at 29.26.
Caterpillar shares climbed 5% after reporting strong earnings.
A flurry of M&A activity was announced on Monday. Cigna announced it will buy Healthspring for $3.8 billion, sending Healthspring shares up 34%. Oracle said it will buy Rightnow Technologies for $1.5 billion. Mattel revealed it will buy HIT Entertainment for $680 million.
Treasuries and Commodities
Bonds closed with slight losses as 10 and 30 year notes both slipped 2/32, to yield 2.23% and 3.27% respectively.
Commodities traded mostly higher, thanks to China’s upbeat data. Crude oil jumped 4.6% to 91.39, and copper posted an impressive 7% gain, closing at 3.4495. Gold advanced 17.20 to 1653.30 and silver settled at 31.65, up 1.5%.
Copper Prices Start to Recover
Currencies
The Australian Dollar jumped 1% to 1.0474, thanks to a recovery in commodity prices. The other major currencies rose modestly against the Dollar. The Euro and Pound both inched up .2%, and the Canadian Dollar rose .3% to 1.0035.
Economic Outlook
Tuesday’s reports will include the Case-Shiller home price index, the FHFA home price index, and consumer confidence.
Earnings are due from 3M, UPS, Amazon, DuPont and Deutsche Bank.