BinaryOptionStrategy
Equities
Global markets rallied on renewed hopes that Europe will succeed in improving its bailout plan. In Asia, the Nikkei jumped 1.6% to 8287, the Kospi rallied 2.2%, and Australia’s ASX 200 climbed 1.9%. Hong Kong’s Hang Seng gained 2% to 18037, while the Shanghai Composite lagged the region, edging up a mere .1%.
European markets soared, with the CAC40 leading the advance, gaining 5.5% to 3013. The DAX jumped 4.6% and the FTSE advanced 2.9%. The Stoxx European banking index posted gains of 5.7%, as financials bounced strongly.
The rally continued in the US, with the Dow gaining 291 points to 11523. The Nasdaq and S&P 500 both snapped a 7-day losing streak, climbing 3.5% and 2.9% respectively.
Retailers reported record sales of $52.4 billion over the Thanksgiving weekend, 16% higher than last year’s figures.
Treasuries and Commodities
Bonds posted marginal losses, despite the spike in equities. 10-year notes edged down 2/32 to yield 1.97%, and 30-year notes eased 6/32 to yield 2.93%.
Commodities rallied as a whole, but natural gas tumbled 5% to 3.364 as the December contract expired. Oil rose 1% to 97.76, and gasoline advanced 2.7% to 2.515.
Natural Gas Tumbles 5%
Silver once again led metals higher, climbing 3.3% to 32.03. Copper rose 2.3% to 3.3465, and gold gained 1.5% to 1710.70.
Currencies
The US Dollar declined as a spike in optimism encouraged risk taking, but settled well of its lows. The Australian Dollar soared 1.9% to .9898 after trading as high as .9976, and the Canadian Dollar jumped 1.1% to 1.0354. The Euro gained .6% to 1.3312, the Swiss Franc rose .8% to 1.0834, and the British Pound closed up .4% to 1.5505. The Japanese Yen declined .3% to 77.95, bucking the trend.
Economic Outlook
New home sales rose by 4000 to 307K, but were below expectations of 313K.
Tuesday’s economic calendar will include both the Case-Shiller home price index, and the FHFA home price index, as well as consumer confidence.
Earnings are due from Omnivision and Tiffany.
Equities
Global markets rallied on renewed hopes that Europe will succeed in improving its bailout plan. In Asia, the Nikkei jumped 1.6% to 8287, the Kospi rallied 2.2%, and Australia’s ASX 200 climbed 1.9%. Hong Kong’s Hang Seng gained 2% to 18037, while the Shanghai Composite lagged the region, edging up a mere .1%.
European markets soared, with the CAC40 leading the advance, gaining 5.5% to 3013. The DAX jumped 4.6% and the FTSE advanced 2.9%. The Stoxx European banking index posted gains of 5.7%, as financials bounced strongly.
The rally continued in the US, with the Dow gaining 291 points to 11523. The Nasdaq and S&P 500 both snapped a 7-day losing streak, climbing 3.5% and 2.9% respectively.
Retailers reported record sales of $52.4 billion over the Thanksgiving weekend, 16% higher than last year’s figures.
Treasuries and Commodities
Bonds posted marginal losses, despite the spike in equities. 10-year notes edged down 2/32 to yield 1.97%, and 30-year notes eased 6/32 to yield 2.93%.
Commodities rallied as a whole, but natural gas tumbled 5% to 3.364 as the December contract expired. Oil rose 1% to 97.76, and gasoline advanced 2.7% to 2.515.
Natural Gas Tumbles 5%
Silver once again led metals higher, climbing 3.3% to 32.03. Copper rose 2.3% to 3.3465, and gold gained 1.5% to 1710.70.
Currencies
The US Dollar declined as a spike in optimism encouraged risk taking, but settled well of its lows. The Australian Dollar soared 1.9% to .9898 after trading as high as .9976, and the Canadian Dollar jumped 1.1% to 1.0354. The Euro gained .6% to 1.3312, the Swiss Franc rose .8% to 1.0834, and the British Pound closed up .4% to 1.5505. The Japanese Yen declined .3% to 77.95, bucking the trend.
Economic Outlook
New home sales rose by 4000 to 307K, but were below expectations of 313K.
Tuesday’s economic calendar will include both the Case-Shiller home price index, and the FHFA home price index, as well as consumer confidence.
Earnings are due from Omnivision and Tiffany.