Financial Trading Review – 08 November 2011 (Market Trading Review #9)

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Forex Trading Review
At 0400 BST at the moment, the GBP is trading 0.1% sink not in favor of the USD next to $1.6043, 0.1% sink not in favor of the EUR next to €1.1666, and 0.2% sink not in favor of the JPY next to ¥125.18.
The EUR is trading 0.1% sink not in favor of the USD next to $1.3752.
The EUR is trading 0.1% sink not in favor of the JPY next to ¥107.30.
The USD and JPY are trading senior not in favor of the GBP and the EUR. This comes in advance of Italian Prime Minister Silvio Berlusconi facing a financial plan take part in a ballot, and amid concerns to facilitate Italy would struggle to make do its debt, increasing demand representing safer assets.
The AUD/USD is trading sink in the same way as Australia’s trade surplus came in lower-than-expected.
Yesterday, the GPB ended senior not in favor of the EUR, amid speculation to facilitate European policymakers would fail to prevent the multiply of the sovereign-debt disaster.
The CAD rose not in favor of all of its major peers, as the nation’s main export, crude smear with oil prices touched the highest level in three months.
The CHF fell not in favor of the EUR, amid speculation to facilitate the Swiss National Bank would weaken its currency.

Commodities Trading Review
During Asia, crude smear with oil representing December dispensing is trading marginally sink next to $95.46 for every barrel.
Yesterday, crude smear with oil representing December dispensing forward-looking 1.3% or $1.26 to settle next to $95.52 for every barrel, in the same way as a inform showed to facilitate crude smear with oil production in Saudi Arabia had dropped by 140,000 barrels for every generation in October.
Gold representing immediate dispensing is trading 0.2% sink at the moment, next to $1,790.80 for every ounce.
Gold representing December dispensing added 2.0% or $35 to top next to $1,791.10 for every ounce yesteryear. This came in the same way as Germany denied consume of its gold bank account to help spread the region’s rescue collection.
Gold traded senior as remaining concerns around Europe’s debt disaster spurred buy of the precious metal as an alternative investment.

UK Trading Review
UK markets blocked sink yesteryear, amid following uncertainty in Italy and Greece.
Weir Group fell 3.7%, in the same way as analysts indicated to facilitate its order hardback has been priced in and unchanged revenue guidance might disappoint investors.
International Consolidated Airlines Group led the fallers on the FTSE 100 file, falling 4.5%, in the same way as Investec downgraded the run of the mill to “Sell” from “Hold”.
Among banking stocks, Lloyds Banking Group declined 3.1%, while Barclays and Royal Bank of Scotland lost 2.3% and 3.6%, in that order, amid renewed Eurozone qualms.
Insurers, Prudential, Legal & General and Aviva slipped amid 0.4% and 2.0%, as falling fair play markets raised concerns around their portfolios.
Smith & Nephew retreated 1.6%, in the same way as Credit Suisse slashed its ratings on the run of the mill to “Neutral” from “Outperform”.
Essar Energy lost 1.8%, in the same way as helpful worse-than-expected trading renew.
FTSE 100 edged down 0.3% to 5,510.8. FTSE 250 shed 0.8% to settle next to 10,302.2.

European Trading Review
European markets blocked in the unconstructive territory yesteryear, as investors remained concerned around Italy’s capability to touch its debt obligations. This came following reports to facilitate Italian Prime Minister, Berlusconi might resign or a financial plan take part in a ballot in Parliament this week.
Retailers, Metro, Hennes & Mauritz and Carrefour, declined amid 1.1% and 2.6%, in the same way as European retail sales fell more-than-expected in September.
Carrefour furthermore lost survey in the same way as Citigroup downgraded the run of the mill to “Sell” from “Neutral”. Telecommunications-equipment major.
Alcatel-Lucent, plummeted 7.7%, in the same way as Standard & Poor’s Equity Research slice its recommendations on the run of the mill to “Sell” from “Hold”.
Postal operator, PostNL, tumbled 7.4%, in the same way as its third-quarter operating profit fell 22.0%.
Metal-cutting tools maker, Sandvik, fell 3.2%, in the same way as it on hand kr 6.19 billion to pay money for the shares of its subsidiary, Seco Tools.
FTSEurofirst 300 file declined 0.6% to 974.7. German DAX Xetra 30 eased 0.6% to 5,928.7. French CAC-40 fell 0.6% to 3,103.6.

US Trading Review
US markets blocked a little senior on Monday, recouping from youthful losses, in the same way as European Central Bank policymaker, Juergen Stark, predicted to facilitate the Eurozone disaster would be larger than contained by two years.
Drug maker, Amgen, the top riser on the S&P 500 file, surged 5.9%, in the same way as it on hand to repurchase 10.0% of its outstanding shares, worth $5 billion.
Securities and investment banking bracket together, Jefferies forward-looking 1.4%, following a reduction in its gross wealth of independent securities of Portugal, Italy, Ireland, Greece and Spain by almost 50.0%.
Dish Network gained 5.0%, in the same way as it announced a special dividend, as its third-quarter yield rose 30%.
Pharmasset soared 4.9%, in the same way as exposure strong heal toll representing its hepatitis-C management.
General Motors rose 1.7%, in the same way as it reiterated campaign to amplify its once a year sales to 5 million vehicles in figurines by 2015.
DJIA added 0.7% to close next to 12,068.4. NASDAQ edged up 0.3% to settle next to 2,695.3. S&P 500 gained 0.6% to top next to 1,261.1.
 

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