Binary Options Trading analysis written by Bradley Welcher - BinaryOptionStrategy
Equities
News that North Korea’s leader, Kim Jong il, had died, weighed on Asian markets amid concern for the region’s stability. South Korean shares tumbled, with the Kospi closing down 3.4%, after dropping as much as 4.9%. The Nikkei lost 1.3% to 8296, the ASX 200 dropped 2.4%, and the Hang Seng shed 1.2%. China’s Shanghai Composite outperformed, easing a mere .3%, as it erased an earlier drop of 2.6%.
European markets traded mixed, following a speech by ECB president, Mario Draghi, in which he offered no new stability plans. The DAX fell .5%, and the FTSE lost .4%, while the CAC40 inched up fractionally.
US stocks opened higher, but closed significantly lower. The Dow fell 100 points to 11766, the Nasdaq dropped 1.3%, and the S&P 500 declined 1.2%.
Banking shares tumbled, as Bank of America lost 4.1% and Citigroup shed 4.7%.
AT&T abandoned its $39 billion plan to purchase T-Mobile, due to regulatory complications.
Treasuries and Commodities
US bond prices advanced, with 10-year notes climbing 13/32 to yield 1.80%. 30-year notes jumped 1 13/32 to yield 2.78%. In contrast, German bonds fell, with 10-year notes down .27 and 30-year notes down .465.
Crude oil and gasoline ticked up .2% to 93.68 and 2.491 respectively. Natural gas fell .6% to 3.109.
Silver tanked 3.2% to 28.71, while copper fell 1.2% to 3.292, and gold eased .4% to 1591.90.
Silver Sinks more than 3%
Agricultural futures rallied, as corn gained 3.1%, and wheat rose 2.7%.
Currencies
The Dollar traded modestly higher against world currencies, in a light session. The Euro dropped .4% to 1.2996, the Pound declined .3% to 1.5498, and the Yen fell .4% to 78.04. The Australian Dollar sank .8% to .9888.
Economic Outlook
The NAHB housing market index rose from 19 to 21 last month, in line with expectations, posted its 3rd straight gain. Additional housing data is due on Tuesday, when the government will release reports on housing starts and building permits.
Earnings are due from Carnival Cruises, Conagra, General Mills, and Oracle.
Equities
News that North Korea’s leader, Kim Jong il, had died, weighed on Asian markets amid concern for the region’s stability. South Korean shares tumbled, with the Kospi closing down 3.4%, after dropping as much as 4.9%. The Nikkei lost 1.3% to 8296, the ASX 200 dropped 2.4%, and the Hang Seng shed 1.2%. China’s Shanghai Composite outperformed, easing a mere .3%, as it erased an earlier drop of 2.6%.
European markets traded mixed, following a speech by ECB president, Mario Draghi, in which he offered no new stability plans. The DAX fell .5%, and the FTSE lost .4%, while the CAC40 inched up fractionally.
US stocks opened higher, but closed significantly lower. The Dow fell 100 points to 11766, the Nasdaq dropped 1.3%, and the S&P 500 declined 1.2%.
Banking shares tumbled, as Bank of America lost 4.1% and Citigroup shed 4.7%.
AT&T abandoned its $39 billion plan to purchase T-Mobile, due to regulatory complications.
Treasuries and Commodities
US bond prices advanced, with 10-year notes climbing 13/32 to yield 1.80%. 30-year notes jumped 1 13/32 to yield 2.78%. In contrast, German bonds fell, with 10-year notes down .27 and 30-year notes down .465.
Crude oil and gasoline ticked up .2% to 93.68 and 2.491 respectively. Natural gas fell .6% to 3.109.
Silver tanked 3.2% to 28.71, while copper fell 1.2% to 3.292, and gold eased .4% to 1591.90.
Silver Sinks more than 3%
Agricultural futures rallied, as corn gained 3.1%, and wheat rose 2.7%.
Currencies
The Dollar traded modestly higher against world currencies, in a light session. The Euro dropped .4% to 1.2996, the Pound declined .3% to 1.5498, and the Yen fell .4% to 78.04. The Australian Dollar sank .8% to .9888.
Economic Outlook
The NAHB housing market index rose from 19 to 21 last month, in line with expectations, posted its 3rd straight gain. Additional housing data is due on Tuesday, when the government will release reports on housing starts and building permits.
Earnings are due from Carnival Cruises, Conagra, General Mills, and Oracle.