Overnight: US stocks rallied, boosted by better-than-expected data on weekly jobless claims and as investors reconsidered their concerns about the Federal...

Bell Potter

Overnight: US stocks rallied, boosted by better-than-expected data on weekly jobless claims and as investors reconsidered their concerns about the Federal Reserve's potential reduction in its bond buying program. T-Bonds Treasury prices swung higher after a round of mixed economic data. Gold futures traded lower after mostly upbeat US economic data and following hints that the Federal Reserve will decide to taper its gold-supportive stimulus program. Oil futures rallied above $95 a barrel, finding support as a bigger-than-expected fall in U.S. jobless claims brightened the outlook for energy demand. U.K. stocks defied the negative trading mood across Europe. European stocks were mostly lower, hurt by disappointing Chinese and French data London BHP down 1.37%. Rio down 1.62%. New York BHP down 0.84%. Rio down 1.0% LME Base metals 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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