US stocks stepped back from early highs, the Dow industrials traded above 16,000 for the first time and the S&P 500 near its own milestone of 1,800

Bell Potter

Stockbroker

US stocks stepped back from early highs, the Dow industrials traded above 16,000 for the first time and the S&P 500 near its own milestone of 1,800. Treasury prices pushed higher, continuing a strengthening trend that began last week as the bond market refined its expectations of an accommodative monetary policy under Yellen to take over the Federal Reserve. The USD fell against other major currencies. Gold futures edged lower. Oil futures traded below $94 a barrel. The UK's FTSE rose as Aberdeen Asset Management rallied after an acquisition, although Petrofac posted a record decline after an outlook update.European stock markets erased earlier losses and moved broadly higher after data showed the euro zone's trade surplus grew more than expected in September. London BHP up 0.48%. Rio up 0.20%. New York BHP up 0.12%. Rio up 0.25% LME Base metals traded lower.


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