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

Stockbroker

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
Stockbroker

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.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment