Overnight: US stocks rose, recovering some of the sharp losses from the previous session, as investors welcomed stronger-than-expected retail sales and...

Bell Potter

Stockbroker

Overnight: US stocks rose, recovering some of the sharp losses from the previous session, as investors welcomed stronger-than-expected retail sales and absorbed earnings results from J.P. Morgan Chase and Wells Fargo. Treasury prices extended a drop after retail-sales data beat Wall Street forecasts, as investors sought a fuller picture of the economic recovery. Gold futures dropped below $1,250 an ounce, with strength in U.S. equities and a rise in retail sales drawing attention away from the metal. Oil futures climbed back above $92 a barrel. European stock markets traded lower, tracking steep losses on Wall Street the prior day on concerns about further cuts to monetary stimulus in the U.S., the world's largest economy. London BHP down 0.86%. Rio down 0.28%. New York BHP down 0.18%. Rio up 1.36% Base metal traded mixed.


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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