Dear Trader,
It is our pleasure to present you with daily analysis and a list of important events in the week to come.
U.S. Markets
U.S Markets were closed substantially lower yesterday, on renewed concerns regarding the European debt crisis.
Dow Jones index futures point to a higher opening.
Yesterday, The Dow Jones index was closing at 13,074 -0.95%, the S&P 500 index was closing at 1,398 -1.02% and the NASDAQ index was closing at 3,068 -1.46%.
European Markets
European Markets were closed way lower yesterday.
Following a disappointing bond issuance in Spain, yields on Spain's 10 years government bonds surged to 5.63% - the highest level since January 10.
Yesterday, The FTSE 100 index was closing at 5,703 -2.30%, the German DAX was closing at 6,784 -2.84% and the France CAC was closing at 3,313 -2.74%.
Asian Markets
Asian Markets were trading with a negative sentiment earlier Today.
Chinese Prime Minister Wen Jiabao, criticized the dominance state banks in China have, over the financial sector.
Currently, The SSE Composite Index In China is traded at 2,293 +1.37% while the Hang Seng Index in Hong Kong is traded at 20,564 -1.09%, and the Nikkei 225 Index in Japan is traded at 9,717 -1.04%.
Commodities & Foreign Exchange
The U.S Dollar Index is Higher, Currently traded around 79.69 on a Lower Euro.
Crude NYMEX went up by 0.74% , currently traded around $102.22.
Gold prices went down by 0.61% , the precious metal is currently traded around $1,622, Spot Silver is currently traded around $31.47.
As always, we wish you a successful trading week - and look forward to serving all your trading needs.