Overnight: US stock indices retreat on stimulus expectations and mixed earnings Treasury prices turned mostly lower after Chicago PMI data came in much...

Bell Potter

Overnight: US stock indices retreat on stimulus expectations and mixed earnings Treasury prices turned mostly lower after Chicago PMI data came in much stronger than expected, pulling the government debt market back from its highs. The USD rose against the euro as euro-zone inflation in October dropped below 1% to its lowest level in nearly 4years. Gold futures fell by nearly 2% and silver futures dropped more than 4% and Oil futures fell. Shares of Royal Dutch Shell led UK stocks lower after the oil giant reported earnings below expectations, while BT Group supported the benchmark index after a well-received earnings report European stock markets were mostly higher, as upbeat earnings from Alcatel-Lucent and BNP Paribas offset weak euro-zone unemployment data and concerns over the timing of the US FederalReserve's bond-buying taper. London BHP down 1.31%. Rio down 1.06%. New York BHP down 0.35%. Rio down 0.57% LME Base metals traded lower.


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Bell Potter

Bell Potter

, Stockbroker

Bell Potter is a member of the Bell Financial Group (BFG) of companies. We are one of Australia's largest full service stockbrokers and a leading financial advisory firm, offering a full range of services to private, corporate and institutional...

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