Financial Trading Review – 04 November 2011 (Market Trading Review #7)

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UK Trading Review
UK markets congested top the recent past, following an unexpected rate cutback by European Central Bank (ECB) and amid reports with the aim of Greece had cancelled the proposal of holding a referendum on the European Union’s bailout set up.
Commercial announcer, ITV, the top gainer on the FTSE 100 symbol, jumped 5.9%, as Credit Suisse reiterated its “Outperform” rating on the carry.
RSA Insurance and Tate & Lyle gained 3.9% and 5.2%, correspondingly, following robust pay packet reports.
Aviva added 1.4%, as it reported strong operating performance in the nine months to September.
Among miners, Antofagasta, Kazakhmys and Vedanta Resources gained relating 1.4% and 3.6%, as center metal prices crushed up.
Gentleman Group rose 2.4%, afterward it reported a smaller-than-forecast decline in pay packet in the originally partly.
BT Group gained 2.8%, afterward its second-quarter pay packet beat marketplace expectations.
FTSE 100 surged 1.1% to 5,545.6, while FTSE 250 soared 1.5% to settle by 10,406.7.

European Trading Review
European markets finished sharply top the recent past, led by a precisely arise in banking sector stocks, as the European Central Bank unexpectedly cutback yardstick attention charge, and as Greece encouraged closer to accepting the hottest bailout package. Moreover, hopeful corporate pay packet buoyed marketplace sentiment broaden.
Banks, National Bank of Greece, Intesa Sanpaolo and Credit Agricole, surged relating 3.7% and 11.1%, as threat hunger increased surrounded by investors.
Among other banking stocks, BNP Paribas, rallied 7.5%, despite coverage a 72.0% slump in third-quarter web profit, as the company unambiguous to cutback its exposure to Italy, Spain and Greece by €12.0 billion.
MAN surged 7.7%, afterward Volkswagen time-honored regulatory say-so to obtain a majority stake in the company.
BMW gained 4.6%, afterward the company reported third-quarter profit with the aim of surpassed marketplace expectations.
FTSEurofirst 300 symbol added 1.9% to 990.1. German DAX Xetra 30 future 2.8% to 6,133.2. French CAC-40 edged up 2.7% to 3,195.5.

US Trading Review
US markets rallied the recent past, afterward Greek Prime Minister abandoned strategy to call a referendum on the hottest bail-out package and as the European Central Bank unexpectedly cutback the yardstick attention rate.
Estee Lauder, the top gainer on the S&P 500 symbol, surged 17.9%, afterward its first-quarter pay packet rose 46% on strong macro sales.
Kraft Foods added 3.3%, afterward it reported strong pay packet growth.
Coal miner, Alpha Natural Resources jumped 13.3%, afterward it raised its coal consignment guidance instead of 2012.
Biopharmaceutical company, Medivation surged 140.5%, and emerged as the top riser on the NASDAQ following unbeaten trials and remarkable results instead of its prostate cancer drug.
Chip maker, Qualcomm rose 7.5%, as it raised its outlook instead of the fourth quarter.
Adding to the certain sentiment, data showed with the aim of US weekly without a job claims fell in the third quarter.
DJIA surged 1.8% to 12,044.5. NASDAQ gained 2.2% to 2,698.0. S&P 500 jumped 1.9% to 1,261.2.

Forex Trading Review
At 0400 BST these days, the GBP is trading 0.1% poorer critical of the USD by $1.6012, marginally poorer critical of the EUR by €1.1597, and 0.2% poorer critical of the JPY by ¥124.89.
The EUR / USD is trading 0.1% poorer by $1.3806.
The EUR is trading 0.2% poorer critical of the JPY by ¥107.69.
The EUR is trading poorer critical of the USD and the JPY, amid reservations above the self-governing debt catastrophe, afterward Greece’s leading opposition troop rejected sharing power with Papandreou, raising the hunt of elections.
The USD is trading poorer critical of the JPY, amid speculation with the aim of US jobs growth slowed and the unemployment rate remained unchanged, aid the issue with the aim of the Federal Reserve might consider monetary easing.
The AUD is trading poorer critical of the USD and the JPY, afterward the Australian Central Bank cutback forecasts instead of money-spinning growth and inflation instead of the subsequently two years.
Yesterday, the EUR and the CAD ended top critical of the USD, following reports with the aim of Greece would not organize a referendum on the bail-out package, hopeful demand instead of higher-yielding assets.

Commodities Trading Review
Indoors Asia, crude lubricate instead of December technique is trading 0.2% or $0.20 poorer by $93.87 apiece barrel.
Yesterday, crude instead of December technique added 1.7% or $1.56 to put an end to by $94.07 apiece barrel. This came as a decline in US without a job claims, an interest-rate cutback by the European Central Bank and hopes with the aim of Greek would cancel a referendum on the hottest bailout package, buoyed marketplace sentiments.
Gold instead of immediate technique is trading marginally top these days, by $1,759.42 apiece ounce.
Gold instead of December technique future 2.1% or $35.50 to settle by $1,765.10 apiece ounce the recent past. This came as the dough diluted critical of the euro, increasing the demand instead of the precious metal as a barricade critical of inflation.
Gold additionally gained importance afterward the US Institute instead of Supply Management reported with the aim of doings in the service sectors of the US reduction prolonged by a faintly slower pace in October, raising concerns just about the country’s reduction.


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