Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy
Equities
Asian markets opened sharply higher on Thursday in response to the announced cooperative central bank liquidity effort. The Hang Seng soared 5.6%, climbing 1013 point to 19002, leading the region. The Shanghai Composite rose 2.3%, the ASX 200 gained 2.6%, and the Nikkei advanced 1.9%. In Korea, the Kospi rallied 3.7% as Samsung Electronics surged 7% to a new record closing high.
Hong Kong's Hang Seng Index Surges 5.6%
In Europe, the major indexes closed lower after Wednesday’s sharp rise. The DAX fell .9%, the CAC40 dropped .8%, and the FTSE slipped .3%, as investors locked in gains from the previous session.
US stocks closed mixed after a choppy session, with the Nasdaq gaining .2%, while the Dow and S&P 500 declined .2%.
GM, Ford, and Toyota all reported a rise in sales for November, yet all 3 companies closed lower.
In earnings news, Barnes & Noble tumbled 16.3% after reporting an unexpected loss, and Lululemon Athletica sank 5.1% after reporting a drop in same-store sales.
Treasuries and Commodities
US bonds ended modestly lower, with 10-year notes down 7/32 to yield 2.09%, and 30-year notes down 23/32 to yield 3.09%. German bonds soared, with 10-year notes up .90, and 30-year notes gaining 2.53.
Commodities closed mixed with no clear market direction. Crude oil fell .4% to 99.97, while natural gas rallied 2.7% to 3.645 as the recent volatility continued.
Copper dropped 1% to 3.539, while silver ticked up .2% and gold settled flat.
Currencies
The currency market ended mixed after Wednesday’s steep dollar selloff. The Euro edged up .2% to 1.3459, and the Canadian Dollar advanced .5% to 1.0142. The Australian Dollar slipped .4% to 1.0226, and the Swiss Franc and Japanese Yen both declined by .2%.
Economic Outlook
Weekly unemployment claims unexpectedly rose to 402K from last week’s 396K reading. ISM manufacturing PMI was slightly better than expected at 52.7 vs. 51.6, and monthly auto sales rose to 13.6M from 13.3M last month.
Friday’s focal report will be the non-farm payroll report. Analysts are expecting a gain of 126K jobs, after last months gain of 80K. The unemployment rate is expected to remain at 9.0%.
Earnings are due from Big Lots and Shanda Interactive.
Equities
Asian markets opened sharply higher on Thursday in response to the announced cooperative central bank liquidity effort. The Hang Seng soared 5.6%, climbing 1013 point to 19002, leading the region. The Shanghai Composite rose 2.3%, the ASX 200 gained 2.6%, and the Nikkei advanced 1.9%. In Korea, the Kospi rallied 3.7% as Samsung Electronics surged 7% to a new record closing high.
Hong Kong's Hang Seng Index Surges 5.6%
In Europe, the major indexes closed lower after Wednesday’s sharp rise. The DAX fell .9%, the CAC40 dropped .8%, and the FTSE slipped .3%, as investors locked in gains from the previous session.
US stocks closed mixed after a choppy session, with the Nasdaq gaining .2%, while the Dow and S&P 500 declined .2%.
GM, Ford, and Toyota all reported a rise in sales for November, yet all 3 companies closed lower.
In earnings news, Barnes & Noble tumbled 16.3% after reporting an unexpected loss, and Lululemon Athletica sank 5.1% after reporting a drop in same-store sales.
Treasuries and Commodities
US bonds ended modestly lower, with 10-year notes down 7/32 to yield 2.09%, and 30-year notes down 23/32 to yield 3.09%. German bonds soared, with 10-year notes up .90, and 30-year notes gaining 2.53.
Commodities closed mixed with no clear market direction. Crude oil fell .4% to 99.97, while natural gas rallied 2.7% to 3.645 as the recent volatility continued.
Copper dropped 1% to 3.539, while silver ticked up .2% and gold settled flat.
Currencies
The currency market ended mixed after Wednesday’s steep dollar selloff. The Euro edged up .2% to 1.3459, and the Canadian Dollar advanced .5% to 1.0142. The Australian Dollar slipped .4% to 1.0226, and the Swiss Franc and Japanese Yen both declined by .2%.
Economic Outlook
Weekly unemployment claims unexpectedly rose to 402K from last week’s 396K reading. ISM manufacturing PMI was slightly better than expected at 52.7 vs. 51.6, and monthly auto sales rose to 13.6M from 13.3M last month.
Friday’s focal report will be the non-farm payroll report. Analysts are expecting a gain of 126K jobs, after last months gain of 80K. The unemployment rate is expected to remain at 9.0%.
Earnings are due from Big Lots and Shanda Interactive.