UK Trading Review
UK markets retreated sharply yesteryear, amid renewed trepidation around the Eurozone debt disaster in the same way as Greece absolute to foothold a referendum on its up-to-the-minute bailout deal and in the same way as data indicated to facilitate Britain’s manufacturing sector commotion contracted in October.
Among pecuniary stocks, Barclays, the top loser on the FTSE 100 file, plunged 9.5%, while Lloyds Banking Group and Royal Bank of Scotland lost 6.0% and 8.1%, in that order, amid renewed qualms larger than the Greece debt-default.
Among mining stocks, Rio Tinto, Antofagasta and Kazakhmys shed amid 3.9% and 7.1%, in the same way as data showed to facilitate China’s manufacturing commotion slowed in October.
Retailer, inscription & Spencer dropped 3.1%, in the same way as HSBC downgraded its rating on the run of the mill to “Neutral” from “Overweight”.
Tullow Oil slipped 4.1%, in the same way as its partner Anadarko warned to facilitate several wells next to its Jubilee project, sour Ghana, were producing under expectations.
FTSE 100 baggy 2.2% to close next to 5,421.6. FTSE 250 tumbled 3.0% to settle next to 10,167.6.
European Trading Review
European markets ended sharply sink yesteryear, amid fears of Greece’s default. This came in the same way as the Greek Prime Minister George Papandreou announced to facilitate the government would foothold a referendum on the bail-out deal it struck with the European Union after everything else week.
Banking stocks, Societe Generale and BNP Paribas baggy 16.2% and 13.1%, in that order, amid qualms around their exposure to the Greek debt.
Among other banking stocks, Danske Bank and Credit Suisse tumbled 6.8% and 8.2%, in that order, in the same way as both the companies announced job cuts and as their third-quarter yield fell terse of advertise expectations.
Carmaker, Daimler, plummeted 5.9%, in the same way as Barclays downgraded the run of the mill to “Underweight” from “Equal weight”.
FTSEurofirst 300 file declined 3.4% to 961.8. German DAX Xetra 30 fell 5.0% to 5,834.5. French CAC-40 tumbled 5.4% to settle next to 3,068.3.
US Trading Review
US markets baggy yesteryear, as an unexpected move by Greece’s government to foothold a referendum on the contemporary bail-out mean, renewed concerns to facilitate the nation state might default on its debt.
Wireless carrier, MetroPCS Communications, the top laggard on the S&P 500 file, declined 9.9%, as its third-quarter yield missed advertise expectations.
Exchange operators, Nasdaq OMX Group, NYSE Euronext and CME Group lost amid 2.8% and 8.6%, as US lawmakers anticipated a accuse on pecuniary transactions.
Bank of America retreated 6.3% and emerged as the top loser on the DJIA file, while Goldman Sachs and JPMorgan follow slipped 5.5% and 5.9%, in that order, amid fears of a Greece default.
AMD baggy 9.1%, in the same way as a US federal pronounce denied a call to halt a patent dispute S3 Graphics has not in favor of Apple next to the US International Trade Commission.
DJIA tumbled 2.5% to settle next to 11,658.0. NASDAQ shed 2.9% to close next to 2,607.0. S&P 500 baggy 2.8% to top next to 1,218.3.
Forex Trading Review
At 0400 BST at the moment, the GBP is trading 0.2% senior not in favor of the USD next to $1.5973, 0.2% sink not in favor of the EUR next to €1.1647, and marginally sink not in favor of the JPY next to ¥124.8.
The EUR is trading 0.4% senior not in favor of the USD next to $1.3715.
The EUR is trading 0.2% senior not in favor of the JPY next to ¥107.15.
The EUR is trading senior not in favor of the USD and the JPY, in the same way as a Greek government endorsed announced to facilitate the Cabinet has absolute to collapse Prime Minister George Papandreou unanimous funding representing his campaign to foothold a referendum.
The AUD is trading sink not in favor of the USD, following a inform to facilitate showed home-building approvals in Australia dropped 13.6% in September compared to majestic.
Yesterday, the EUR and the CAD blocked sink not in favor of the USD, in the same way as the Greek government absolute to call a referendum on the country’s up-to-the-minute bailout package, spurring be anxious to facilitate the independent debt disaster might multiply to other European economies.
The AUD and NZD ended sink not in favor of the USD, amid renewed speculation of a Greek default, decreasing demand representing riskier assets
The USD/CHF blocked senior in the same way as an industry inform showed to facilitate Swiss manufacturing commotion shrank more-than-expected in October, tallying to secret code to facilitate the country’s cheap was stalling.
The JPY blocked senior not in favor of the USD, as a selloff in Asian equities increased the demand representing the currency.
Commodities Trading Review
During Asia, crude smear with oil representing December dispensing is trading 0.8% or $0.71 sink next to $91.48 for every barrel.
Yesterday, crude smear with oil representing December dispensing dropped 1.1% or $1.0 to top next to $92.19 for every barrel. This came amid qualms larger than demand prospects, as data indicated a slowdown in manufacturing commotion in figurines and the US, and in the same way as Greece Prime Minister, George Papandreou, called representing a referendum on the European bailout package.
Gold representing immediate dispensing is trading 0.4% senior at the moment, next to $1,722.34 for every ounce.
Gold representing December dispensing declined 0.8% or $13.40 to settle next to $1,711.80 for every ounce yesteryear. This came as the buck rose not in favor of the major currencies, decreasing the demand representing the precious metal as a circumvent not in favor of inflation.
Losses representing gold were some degree of on weaker-than-expected US manufacturing data and renewed concerns larger than a Greek default.