GLOBAL MARKET UPDATE
ASIAN STOCKS MARKET
Asian stocks fell for a fourth day on concern a meeting of European Union leaders this week will fail to tame the region’s debt crisis and as HSBC Holdings Plc (5) joined Citigroup Inc. in cutting growth forecasts for China. The MSCI Asia Pacific Index (MXAP) fell 0.2 percent to 113.34 as of 5:09 p.m. in Tokyo, with about five shares declining for every four that rose. The gauge has dropped 0.5 percent this year amid concern economic growth in the U.S. and China is slowing as Europe’s crisis deepens.
U.S.STOCK MARKET
U.S. stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.18 percent, Dow Jones futures up 0.12 percent and NASDAQ 100 futures up 0.36 percent at 0715 GMT. U.S. stocks fell sharply on Monday, putting the S&P 500 near break-even for June so far, as investors saw little reason to be optimistic about a European Union summit this week.
EUROPEAN MARKET
European stocks erased their gains as demand declined at an auction of Spanish debt. U.S. index futures climbed, while Asian shares fell. The Stoxx Europe 600 Index (SXXP) declined 0.1 percent to 242.64 at 9:51 a.m. in London, having earlier climbed as much as 0.4 percent. The benchmark measure has fallen 11 percent from its 2012 high on March 16, bringing the decline in the first six months of the year to 0.8 percent, amid concern that Greece will be forced to leave the euro.
U.S.TREASURIES
Treasuries dropped, snapping a gain from yesterday, on concern 10-year yields that have fallen more than half a percentage point in the past three months will damp demand when the U.S. sells $99 billion of notes this week. The 10-year yield climbed two basis points, or 0.02 percentage point, to 1.62 percent. The yield dropped seven basis points yesterday. The 1.75 percent note due in May 2022 fell 5/32, or $1.56 per $1,000 face amount, to 101 5/32.
CURRENCY UPDATE
DOLLAR
The dollar weakened against the euro and the yen. The U.S. currency dropped 0.2 percent to $1.2525 as of 9:14 a.m. London time, and declined 0.2 percent to 79.50 yen. In the event of risk sell off, the US Dollar stands to be the biggest beneficiary of Euro Summit indecision.
EURO
The euro fell to 99.04 yen on trading platform EBS, its lowest level in two weeks and down 0.5 percent on the day. The latest drop came after Spain sold short term debt at the cost of yields at their highest level since November amid waning demand from the country's struggling banks. The euro fell to a two-week low against the safe-haven yen on Tuesday as peripheral bond yields rose and expectations receded for any durable solution to the euro zone debt crisis at a European Union summit later this week.
COMMODITY UPDATE
CRUDE OIL
Oil was little changed in New York after a storm avoided the Gulf of Mexico’s energy-producing area and speculation European leaders will fail to stem its debt crisis that threatens to curb fuel demand. The contract yesterday slipped 55 cents to $79.21, the lowest close since June 21. Prices have fallen 23 percent this quarter, the biggest drop since the final three months of 2008.
GOLD
Gold prices rose by Rs 330 to Rs 30,600 per 10 grams, while silver gained Rs 1,200 to Rs 54,400 per kg in the bullion market here today on rise in demand and strong cues from the global markets. Sentiment turned better after gold climbed in global markets as European debt concerns mounted, spurring demand for the metal as a safe haven, they added. Gold rose by USD 13 dollar to USD 1,585.30 an ounce and silver by 0.64 per cent to USD 27.54 an ounce in New York last night.
SILVER
Silver gained Rs 1,200 to Rs 54,400 per kg in the bullion market here today on rise in demand and strong cues from the global markets. In line with a general firming trend, silver ready added Rs 1,200 to Rs 54,400 per kg and weekly-based delivery gained Rs 1,195 to Rs 53,630 per kg. Silver coins also jumped up by Rs 1,000 to Rs 63,000 for buying and Rs 64,000 for selling of 100 pieces.
COPPER
Base metals have closed mixed in lackluster trading on the London Metal Exchange (LME) as investors remain nervous about the state of the global economy, particularly Europe, and with trading likely to remain jittery ahead a European Union summit this week. At the PM kerb close, LME three-month copper was up 0.4 per cent on the day at $US7, 335 a metric ton. The London-based broker said Chinese investors would likely start buying LME copper at around $US7, 150/ton to $US7, 200/ton.
With Best Indian Stock Market Tips you can make money from these markets by trading in our Intra-day & long term Stock Market Calls with great accuracy and high profitability…
stock tips 27 June, nifty trend 27 June 2012, stock tips today nifty outlook, intraday tips for today, stock recommendations,nse tips for today, nifty futures, Stock Tips today, free stock market tips , stock market tomorrow, best stock to buy today, best share to buy/sell, which stock to buy/sell, nse tips for 27 June , nifty futures tips 27 June , stock cash tips, nifty future levels, bank nifty levels, nse intraday tips today, stock future and option tips, stock market today, stock tips free trial,MCX commodity Tips, commodity updates, MCX tips,NCDEX tips,precious metals,bullion & energy Tips, AGRI tips, HNI Pack ,bullion premium,Base metal Trend,Gold price, Silver Price,Gold levels, Silver levels, Copper levels, Lead levels, Nickel levels, Zinc levels, Crude oil levels MCX Gold Tips,MCX Silver Tips,Free Gold Tips, Silver Tips, free commodity tips,intraday commodity tips,intraday silver tips,intraday tips,MCX Commodity review ,mcx updates,best commodity tips,mcx commodity,commodity tips today
22:07
SHARE MARKET REVIEW
Commodity Markets: Gold - Silver -Crude-Copper -Nickle
