Tuesday, 5 June 2012

GLOBAL MARKET UPDATE 5-June-2012

ASIAN STOCKS MARKET Asian stocks rose amid speculation global policy makers will join the Reserve Bank of Australia in taking steps to stimulate economic growth and after a four-day drop left the regional gauge at the cheapest level this year.

U.S.STOCK MARKET
U.S. stock futures declined as speculation that global policy makers will increase measures to stimulate growth was overshadowed by concern about the economy. Standard & Poor’s 500 Index futures expiring this month. The S&P 500 reversed losses yesterday as the cheapest price-to-earnings valuation in six months overshadowed a drop in factory orders.

EUROPEAN MARKET
European stocks rose, snapping a four-day decline, amid speculation that policy makers around the world will take steps to stimulate economic growth. U.S. index futures fluctuated, while Asian shares advanced.

U.S.TREASURIES

Yields on Treasuries were close to record lows as Spanish Budget Minister Cristobal Montoro called for European funds to be used to shore up the nation’s banks, adding to concern theEuropean debt crisis is worsening. U.S. government securities had recouped earlier losses after European retail sales fell more in April than economists forecast and German factory orders declined.

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COMMODITY UPDATE 5-June-2012


CRUDE OIL
Oil dropped on speculation Europe’s debt woes would curb energy demand after manufacturing in the continent contracted as global policy makers discuss the region’s crisis. West Texas Intermediate futures fell, giving up earlier gains of as much as 1.1 percent.

GOLD
Gold rose in New York on speculation that policy makers will take measures to stimulate economic growth as finance ministers and central bank governors from the Group of Seven nations plan to discuss Europe’s debt crisis.

SILVER
Supported by a rise in demand at the spot market, silver prices rose Rs 252 to Rs 54,091 per kg at the futures trade today. At the Multi Commodity Exchange, silver for delivery in July rose Rs 252 or 0.47 per cent to Rs 54,091 per kg with a business turnover of 6,463 lots. Similarly, the metal for delivery in September traded higher by Rs 251 or 0.45 per cent to Rs 55,515 per kg in 221 lots.

COPPER
Conditions were thin and choppy with the London Metal Exchange (LME) closed for the Diamond Jubilee holiday on Monday and Tuesday. New York copper prices initially tracked overseas weakness in Shanghai with both markets sinking to their lowest levels since October on follow-through liquidation from Friday's surprisingly soft jobs data in the United States. COMEX copper for July delivery fell 0.65 cent to settle at $3.3070 per lb, failing to sustain an earlier 1-percent rise to $3.3530 per lb.
COMEX copper volumes were relatively healthy with more than 76,000 lots traded in late New York business.


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Monday, 4 June 2012

Commodity Tips and updates...5-June-2012

Commodity Markets: Gold - Silver -Crude-Copper -Nickle

Commodity updates: 5-June-2012
 

Gold and silver in the international market has seen strong growth. Comaks half per cent of the gold is trading at $ 1623 with strength. The silver is at $ 28 with a gain of about 1.5 per cent. Gold in the domestic market on Monday with a fall of half per cent to Rs 29 908, while silver closed at Rs 53 858 1.15 break.

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Stock Tips 5-June-2012

Stock Market Closing  : 4-June-2012 
Nifty Updates On : 4-June-2012

Nifty Technical Levels :5-June- 2012
Stocks to buy :5-June- 2012
 



BSE SENSEX and NIFTY traded in a volatile session on the very first day, recovered later in second half after a top official from weather department reported India’s monsoon rains may hit southern KERLA coast in two days, took SENSEX to close above 16,000 levels. However Reserve Bank of India’s deputy Governor Subir Gokaran said RBI has some possibilities to reduce policy rates also fuelled the fire to get recovered as banking stocks boosted. Bank Nifty took a smart recovery closed 3 percent up from its intraday low. JPASSOCIAT, L&T, and BANK OF BARODA led the rally while TATAPOWER, GAIL and JINDALSTEEL limited the gains.


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COMMODITY UPDATE 4-June-2012


CRUDE OIL
Oil fell for a fifth day in New York to the lowest price in almost eight months on signs of an economic slowdown in the U.S. and China. London-traded Brent crude dropped from the lowest close in more than a year.

GOLD
Gold eased on Monday as a firmer tone to the dollar prompted some investors to cash in gains after the metal's biggest one-day rally in more than three years, but prices were underpinned by speculation the Federal Reserve could unveil a new round of monetary easing. 

SILVER
At the Multi Commodity Exchange, silver for delivery in July fell by Rs 290, or 0.53 per cent, to Rs 54,193 per kg, with a business turnover of 1,877 lots.
Similarly, the metal for delivery in September lost Rs 298, or 0.53 per cent, to Rs 55,582 per kg, with a business turnover of 62 lots. 

COPPER
The metal for delivery in June declined by Rs 7.35, or 1.80 per cent, to Rs 400.25 per kg in 42,758 lots.
Market analysts attributed the fall in copper futures to a weakening global trend. 

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CURRENCY UPDATE 4-June-2012

DOLLAR
Strengthening of dollar against the euro, which plunged to a two-year low on continued euro-zone worries and strong month-end demand from importers, particularly oil refiners, mainly put pressure on the rupee.

EURO
The euro weakened versus the dollar as speculation Europe’s leaders will struggle to agree on how to resolve the sovereign debt crisis boosted concern global economic growth will stall.The 17-nation euro extended its six-week decline against the yen as pressure built on German Chancellor Angela Merkel to back additional measures such as joint debt issuance in the bloc.

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GLOBAL MARKET UPDATE 4-June-2012

ASIAN STOCKS MARKET

Asian stocks fell, with every major benchmark gauge in the region retreating, as economic data in the U.S. and China stoked concern global growth is slowing. Japan’s Topix Index closed at the lowest level since 1983.

U.S.STOCK MARKET


The weakest U.S. hiring in 12 months erased the Dow Jones Industrial Average’s advance for 2012 and pushed valuations in the Standard & Poor’s 500 Index 19 percent below last year’s level. U.S. stock futures pared their decline, following a three-day slide for the benchmark Standard & Poor’s 500 Index.

EUROPEAN MARKET

European stocks fell for a fourth day as a report showed China’s services-industry growth weakened in May and investors awaited the outcome of French debt sales. U.S. index futures rose, while Asian shares dropped.

U.S.TREASURIES

Less than three months after rising yields foretold a bear market in Treasuries, bond market metrics show growing investor confidence that record-low borrowing costs will last for years. As yields on 10-year notes tumbled, dropping below 1.5 percent last week for the first time, investors who had sought protection from bond losses retreated, reducing the so-called payer skew in options on interest-rate swaps from a near one- year high. Money-market traders drove the yield on futures contracts that expire at the end of 2014 to record lows. 

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