| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3539 Registered: 05-2011 Rating: N/A |
Friday Update: World markets on a steady climb to close out a tumultuous week 1. The global equity markets remain in rebound mode. S&P Futures are up about 27 points to trade around the 4134 area. This is just off the session high established at 4138.00. The low was set early on at 4105.25. 2. In Asia, both China and Japan closed around 2% higher. The Shanghai caught an unrelenting bid that enabled the Chinese benchmark to close at the high of the day. In Japan, the Nikkei took back a large portion of the prior day's losses. Strength was led by semiconductors which saw Tokyo Electron and Advantest rise 3-5%. 3. In Europe, the major bourses are rising in tandem with the rest of the world. There is chatter across the region that Germany may be on the verge of lifting pandemic-related restrictions. This is helping travel stocks such as TUI AG and Lufthansa rise well over 1%. 4. The mining sector is an area not complying with the rally. Rio Tinto and Antofagasta are down about 2% with copper futures easing back this morning. S&P Futures vs Fair Value: +27.0 10 yr Note: 1.637% USD/JPY: 109.34 -0.08 EUR/USD: 1.2114 +0.0036 Europe: FTSE: +0.7% DAX: +0.5% CAC: +0.6% Asia: Hang Seng: +1.1% Shanghai: +1.8% Nikkei:+2.3% Gold (1836.20 +12.20) Silver (27.35 +0.29) Crude (64.50 +0.68) |