Gold Price Forecasts For 2010
Market Brief 17/02/2010
MARKET BRIEF – 17/02/2010
The market value ChangeDJIA10% 1.68% 144.19 NASDAQ2, S 177.41 1.40% 1.80% & P 5001,078.47
NEW YORK, Feb 16 (Reuters) – U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after Merck's strong revenues and regional pharmaceutical manufacturing data instilled confidence in economic prospects.
Shares in the maximum session ended at its best percentage advance of sessions of three months as buyers returned from a long weekend to offer broad-based populations support.Nearly 95% of the names on the S & P 500 gains booked this session but the movements were strongest power plays that took a collective 2.7%. The move was helped by a rise of 3.9% in crude oil prices, which established trading pit at $ 77.01 a barrel.
Sectors Moving Forward: Materials (+1.6%), Energy (+1.6%), Industrials (+1.5%), Consumer Discretionary (+1.1%), consumer goods Tech (+1.1%) (+0.9%), Health (+0.7%), Utilities (+0.5%), Telecom (+0.5%), Finance (+0.2% )
Declining sectors: (None)
– Briefing.com source.
ASIA – Source Reuters
The market value ChangeNIKKEI10306.83% 1.31%
index Japan's Nikkei rose 2.7 percent on Wednesday, scoring its biggest one-day gain in more than two months as investors bought Mitsubishi Corp and other securities related resources after a jump in commodity prices.
U.S. Dollar Index closed at 79.65, down 0.91%
The USD index measures the performance of the U.S. dollar against a basket of currencies: EUR, JPY, GBP, CAD, CHF and SEK.
(Note weaker USD generally tends to lead to higher commodity prices)
COMMODITIES
The market value ChangeGOLD1119.80% 2.73%
(Gold is seen as defensive and a hedge against inflation)
The market value ChangeOIL77.010% 3.89%
(Oil is often seen as a barometer for global economic health – a growing economy needs a lot of oil!)
What can move markets TODAY
09.30 am Change Claimant Count UK
These data measured the change in the number of people claiming benefits related with unemployment during the previous month, a higher than expected real asnegative would be seen for the economy as a reading theUK lowest bepositive – This information will be the impact of the GBP and the FTSE.
1600 – USA Building Permits
This data shows thenumber of new housing permits issued during the month Previous – A higher than current estimates would be considered for theU.S aspositive economy, while a lower reading would be negative "These data have a impact DOW, S & P and U $ S
Watch these released in real time on the agenda of events in the getdealing.com deal room.
reporting companies today. – FT source
Earnings
BNP Paribas FY? 4.91 (? 2.98)
Hewlett-Packard Q1 $ 1.05 ($ 0.93)
ING Q4? 0.23 (-? 1.40)
Westfield FY U.S. $ 0.90 (U.S. $ 0.86)
Any other mobile market breaking news will also be presented to you in the href = "http://www.getdealing.com/DR.html"> occupying the room.
This article is for informational purposes only and does not constitute an offer or solicitation for an investment product.
The information contained in this article is for informational purposes only and does not constitute financial advice.
About the Author
pt 3/5 Top Trends 2010 – Gerald Celente
