Overnight: US stocks leaned lower, putting the S&P 500 and Dow on pace for a fifth straight down day, as better-than-expected readings on employment and...

Bell Potter

Overnight: US stocks leaned lower, putting the S&P 500 and Dow on pace for a fifth straight down day, as better-than-expected readings on employment and economic growth boosted bets that a stimulus reduction could come this month. Treasury prices fell after a round of economic data lifted investor expectations that the Fed could pull back on its bond-buying program soon, but some unsavory details in the report helped keep a lid on rates. Gold futures fell sharply and oil futures extended their gains to a fifth-straight session. The UK's FTSE stayed around the flat line after the BOE as expected made no changes to its monetary policy. Meanwhile, the Office for Budget Responsibility more than doubled its growth forecast for the country for 2013. London BHP down 0.14%. Rio up 0.44%. New York BHP down 0.45%. Rio down 0.95% LME Base metals pushed traded mixed.


Bell Potter

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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