Markets snap five day losing streak $XAUUSD
- Published: 30 April 2012
- US equity markets broke the longest losing streak for the year as European stocks rebounded from a two month low and Spanish bonds rose as a European Central Bank official signalled the ECB may revive its bond purchase program
- US stocks were stronger from the outset after Alcoa posted better than expected profit results closing 6.22% for the session. Alcoa's positive result boosted optimism around the start of the US earnings season
- Equity markets held on to gains in the US after the Federal Reserve said the economy maintained its expansion in all 12 of its regions despite higher fuel prices
- DOW 89.46pts, S&P500 10.12% and Nasdaq 25.24pts
- The euro ended a five day drop against the yen and is currently trading at 106.13 and is holding above 1.3100 against the USD
- Yields on Spanish and Italian 10 year debt dropped 10 basis which helped ease concerns from the prior trading session
- Natural Gas tumbled below $2 per million British thermal units for the first time since January 2002
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
- Download your FREE Trading Software - Demo
- Download your Best Online FX Trading Software - Live
| Tweet | {JFBCLike url=http://www.spectrumlive.com/market-view layout=button_count show_faces=true show_send_button=true width=120 action=like font=verdana colorscheme=light key=sl} |
{JFBCComments href=http://www.spectrumlive.com/market-view width=390 num_posts=1 colorscheme=light key=sl}
