Markets down again overnight $ZNc1

  • US markets continue to fall as trouble in Europe again weighs on equity markets. The S&P500 has fallen for the 6th session in a row, falling over 5% in the last 5 trading days. All sectors were down led by losses in energy and financial stocks
  • Markets were stung by a poor German Bond auction which saw 35% of the 10 year bonds on auction go unsold. This rattled markets and provides a poor lead in to weaker upcoming European bond auctions
  • US Economic data was mixed with Consumer Sentiment holding firm, Weekly Jobless Claims edged higher and Durable Goods fell 0.7%
  • US financials were lower as the Fed announced more stress tests
  • Stocks that led the Dow lower were BAC, AA, JPM, HPQ and BA which fell 4.28%, 4.10%, 3.50%, 3.26% and 3.09% respectively
  • Dow Jones –2.05% S&P500 –2.21% NASDAQ –2.43%
  • USD was higher against the EUR, AUD was under pressure overnight
  • Gold declined 0.3% overnight despite uncertainty, Crude fell 1.6%
Spectrum Live
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
{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}