Binary Options Trading analysis written by Bradley Welcher
Equities
Asian markets extended their declines on Wednesday in very thin trading. Korea’s Kospi skidded .9% to 1825, the Nikkei edged down .2%, and the ASX 200 dropped 1.3%. The Hang Seng closed down .6% to 18519, while the Shanghai Composite managed a slight .2% gain.
European markets fell, pressured by an ECB report showing banks were increasingly depositing cash with the central bank, rather than lend to each other. The DAX tumbled 2%, the CAC40 slid 1%, and Italy’s MIB declined .7%. The FTSE closed flat, as gains in retailers offset losses from other sectors. An auction of 6-month Italian bonds was a major success, with yields dropping to 3.25%, compared to 6.5% just one month ago.
US stocks dropped sharply, with the Nasdaq and S&P 500 both dropping 1.3%, and the Dow losing 140 points to 12151.
A sales report by Comscore showed that retail sales for the holidays rose to $35 billion, up 15% from last year.
Treasuries and Commodities
Investors poured into US treasuries, pushing 10-year notes up 24/32 to yield 1.92%. 30-year notes surged 2 8/32, to yield 2.92%.
Metals dropped sharply, led by silver’s massive 5.9% drop to 27.06. Gold tumbled 2.5% to 1556.40, and copper declined 1.6% to 3.3545.
Crude oil erased yesterday’s gains, falling 1.8% to 99.53. Gasoline lost 1.5% to 2.649, and natural gas slipped .6% to 3.13.
Currencies
The Dollar surged, while European currencies plunged. The Euro dropped 1% to 1.2935, hitting a 1-year low, the Pound fell 1.4% to 1.5448, and the Swiss Franc sank .9% to 1.0607. The Australian Dollar declined .6% to 1.0090, and the Canadian Dollar slid .5% to 1.0244. The Yen slipped fractionally to 77.92.
Economic Outlook
Thursday’s economic calendar will include weekly unemployment claims, Chicago PMI, pending home sales, and weekly oil inventories.
No major earnings reports are due.
Equities
Asian markets extended their declines on Wednesday in very thin trading. Korea’s Kospi skidded .9% to 1825, the Nikkei edged down .2%, and the ASX 200 dropped 1.3%. The Hang Seng closed down .6% to 18519, while the Shanghai Composite managed a slight .2% gain.
European markets fell, pressured by an ECB report showing banks were increasingly depositing cash with the central bank, rather than lend to each other. The DAX tumbled 2%, the CAC40 slid 1%, and Italy’s MIB declined .7%. The FTSE closed flat, as gains in retailers offset losses from other sectors. An auction of 6-month Italian bonds was a major success, with yields dropping to 3.25%, compared to 6.5% just one month ago.
US stocks dropped sharply, with the Nasdaq and S&P 500 both dropping 1.3%, and the Dow losing 140 points to 12151.
A sales report by Comscore showed that retail sales for the holidays rose to $35 billion, up 15% from last year.
Treasuries and Commodities
Investors poured into US treasuries, pushing 10-year notes up 24/32 to yield 1.92%. 30-year notes surged 2 8/32, to yield 2.92%.
Metals dropped sharply, led by silver’s massive 5.9% drop to 27.06. Gold tumbled 2.5% to 1556.40, and copper declined 1.6% to 3.3545.
Crude oil erased yesterday’s gains, falling 1.8% to 99.53. Gasoline lost 1.5% to 2.649, and natural gas slipped .6% to 3.13.
Currencies
The Dollar surged, while European currencies plunged. The Euro dropped 1% to 1.2935, hitting a 1-year low, the Pound fell 1.4% to 1.5448, and the Swiss Franc sank .9% to 1.0607. The Australian Dollar declined .6% to 1.0090, and the Canadian Dollar slid .5% to 1.0244. The Yen slipped fractionally to 77.92.
Economic Outlook
Thursday’s economic calendar will include weekly unemployment claims, Chicago PMI, pending home sales, and weekly oil inventories.
No major earnings reports are due.