Market Update: After posting significant losses on the first day of the trading year, US stocks posted a late rally on Friday to end in the black, after Ben...

Bell Potter

Stockbroker

Market Update: After posting significant losses on the first day of the trading year, US stocks posted a late rally on Friday to end in the black, after Ben Bernanke said growth will accelerate this year, despite tapering. The outgoing Chairman emphasised that cash rate will remain low for the foreseeable future, which encouraged investors to reverse early losses and produce a positive day for US equities Treasury prices edged lower Friday, sending the benchmark 10-year note yield back over 3% as Federal Reserve officials took to the podium at an economics conference. Oil futures decline on Friday, poised for a loss of almost 6% for the week. Gold futures headed higher on Friday for the second consecutive session. London BHP +0.30%. Rio 0.00%. New York BHP +0.84%. Rio -0.18%. Base metal prices retreated across the board during Friday


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Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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