|
|
| 30.06 19:51 |
EUR/USD is near intra-week low at 1.3980.
Flows slowing to a trickle now as the month winds down and as traders
brace for event risk ahead on Wednesday and Thursday, even if they have
little appetite for risk ahead of the July 4 holiday weekend. EUR/USD
fell to 1.3999 reaching a fresh intra-day low. The pair has fallen 80
pips since the beginning of the American session. The Euro rebounded at
1.4000 and now is being traded at 1.4025/30 which is 0.35% below
today’s opening price.
|
| 30.06 19:26 |
Hot Stocks:
Adobe Systems Inc
The
software maker has shut down its North American operations for the week
as part of a previously announced cost-cutting plans. This week's
closure is the second of three one-week shut downs that Adobe said it
would implement this year, in addition to Adobe's usual shutdown
between the week of Christmas and New Year's Day.
Apollo Group Inc Cl A
The
provider of online education including The University of Phoenix, Inc.,
reported third-quarter profit rose to $201.1M, or $1.26 a share, from
$139.1M, or 85 cents a share, in the year-ago period. Revenue increased
to $1.05B from $835.2B. 71.45 +5.46 / +8.27%
Dell Inc
The
personal computer maker s is developing a pocket-sized electronic
device for accessing the Internet according to The Wall Street Journal.
Itwill run on Google Inc.'s Android software.
Johnson & Johnson
A
federal jury ordered Abbott Laboratories to pay $1.67B to a J&J
unit for violating a patent related to the arthritis treatment
Remicade. Johnson & Johnson had alleged that Abbott's
rheumatoid-arthritis therapy Humira infringed on a patent held by its
Centocor Ortho Biotech Inc. The patent is co-owned by New York
University.
|
| 30.06 19:11 |
Dollar continues with strength in the market.
GBP/USD is falling sharp and fast. The pair dropped below 1.6520
and fell to 1.6426 in a few minutes, achieving a fresh intra-day low.
During the Asian session the pair reached an 8-month high at 1.6745,
since then it has accumulated a loss of more than 300 pips. So far
today, the pair is 0.75% below today’s opening price. Cable is also
falling in the last hours against the Yen and the Euro.
|
| 30.06 18:50 |
Dow -117.67 at 8412.99, Nasdaq -15.91 at 1828.15, S&P -12.12 at 915.06
Stocks
are moving sideways in a relatively narrow trading range. For the
S&P 500, the range brackets the 915 level by just a couple of
points in either direction. Meanwhile, crude oil prices have slipped
to fresh session lows. Futures contracts are currently pricing the
stuff 3.4% lower at $69.00 per barrel. Energy stocks have contained their losses, though. The energy sector is down 1.3% after being down more than 2% at its low.
|
| 30.06 18:23 |
Fed's Bullard: Loss Of Fed Independence Will Drive Yields Up
- Liquidity Programs Can 'Wind Down Naturally'
- Points To Less Strained Financial Markets
- Fed's Short-Term Goal To Avoid Deflationary Trap
- Current Monetary Policy `Very Accommodative'
- Exit Strategy Needed To Keep Price Expectations Tame
|
| 30.06 18:01 |
Dow -124.70 at 8404.68, Nasdaq -14.87 at 1829.19, S&P -12.62 at 914.61 |
| 30.06 17:47 |
Oil prices fell more than 3 percent to $69 a barrel on Tuesday,
pressured by a stronger U.S. dollar and as weak consumer confidence data hit equities. U.S.
crude for August delivery traded $2.37 lower at $69.12 a barrel, off its earlier eight-month high of $73.38. London
Brent gave up $2.39 to trade at $68.60 a barrel. The U.S. dollar
rose against the euro, adding pressure to oil prices. A stronger dollar
makes commodities denominated in the currency more expensive for
investors. Equity losses also weighed as U.S. and European stock
markets fell following weak consumer confidence data, raising thoughts
of extended economic weakness and subdued demand for fuel.
|
| 30.06 17:44 |
American focus: The dollar gained versus the euro for the first time in four days
The dollar gained versus the euro for the first time in four
days as a
report showed U.S. consumer confidence unexpectedly dropped in June,
increasing demand for the safety of the world’s main reserve currency.
“It’s a classic risk-aversion trade following the dreadful
consumer-confidence number,” said Jacob Oubina, a currency strategist at FOREX.com, a unit of the online currency trading firm Gain Capital in Bedminster, New Jersey. “That’s a dramatic surprise.” The dollar climbed 0.4 percent to $1.4027 versus the euro
at 10:27 a.m. in New York, from $1.4083 yesterday. The euro traded at
135.09 yen, compared with 135.31 yen. The dollar appreciated 0.3
percent to 96.34 yen from 96.06. The Conference Board’s sentiment index decreased
this month to 49.3 from a revised 54.8 in May, the New York-based
research group said today. The median forecast of 70 economists
surveyed by Bloomberg News was for a gain to 55.3 from a previously
reported 54.9 in the prior month. GBP/USD is falling sharp and fast. The pair dropped below 1.6520 and fell to 1.6426 in a few minutes, achieving a fresh intra-day low.
|
| 30.06 16:50 |
European equity bourses are set to close lower Tuesday, taking direction from a sell-off in the US markets.
Oil and energy stocks have pulled the blue-chip indices lower on the
back of falling crude prices, with E.ON AG (EOAN), Total SA (FP), and
Royal Dutch Shell (RDSA RDSB) hitting hardest. Mining stocks have made
similar moves as metals prices tumbled this afternoon, with Anglo
American (AAL) and Rio Tinto (RIO) leading losses. In Frankfurt,
automakers are still weaker amid continued uncertainty surrounding
Porsche (PAH3), after they rejected a E3-4mln bid by Volkswagen (VOW).
The FTSE-100 is currently down 52pts (-1.2%), CAC-40 down 63pts (-2.0%), and the Xetra-DAX down 80pts (-1.6%).
|
| 30.06 16:35 |
Dow -95.38 at 8434.00, Nasdaq -8.72 at 1835.34, S&P -10.05 at 917.18
The
S&P 500 recently extended its decline so that it fell back to the
915 level, where it has since found support. Still, losses are
broad-based among the major sectors in the S&P 500 and range from
the tech sector's 0.4% decline to the utilities sector's 1.8% decline.
The
relatively limited loss by the tech sector has helped the Nasdaq hold
up better against the recent selling effort than its counterparts. The
Nasdaq actually lagged the other headline indices in the previous
session.
|
| 30.06 16:21 |
WTI Nymex crude has broke back through the $70/bbl level in US trade, pushed by gathering strength in the greenback, with the Aug09 contract currently off $2.35 at $69.08. |
| 30.06 16:08 |
HFE says Chi PM data "are mostly back more or less to their April levels" and "we reckon the regional surveys are consistent with the national ISM tomorrow rising to about 46 from 42.8." |
| 30.06 15:54 |
Dow -70.21 at 8459.17, Nasdaq -8.53 at 1835.53, S&P -8.90 at 918.33
Crude is extending morning losses, currently 1.7% lower at $70.31 per barrel, and is trading near early morning lows. Natural gas is trading sharply lower as well, breaking further below the $4.00 level. Nat gas is 2.4% currently lower at $3.86. Precious
metals are lower on a higher dollar this morning. August gold is 1.5%
lower at $940.70 per ounce, while July silver is 1.9% lower at $13.71.
|
| 30.06 15:31 |
Options expiries of note for today's 1400GMT cut:
EUR/USD $1.4090, $1.4035, $1.4000, $1.4100, $1.4190
USD/JPY Y97.20, Y95.20, Y95.50
AUD/USD $0.8050
USD/CAD C$1.1500, C$1.1610
|
| 30.06 15:16 |
Dow -12.17 at 8517.21, Nasdaq -1.81 at 1842.25, S&P -2.43 at 924.80
Stocks have dropped sharply into negative territory in the wake of the latest consumer confidence and expectations readings. The
Consumer Confidence Index for June came in at 49.3, which is below the
55.3 that was expected and down from the previously reported 54.9.
Meanwhile, the Expectations Index came in at 65.5, which is below the
75.5 that was expected and down from the 71.5 in the previous report. The
downturns in the Confidence and Expectations Indices come as consumers
continue to grapple with a tough labor market, depreciating home
values, and a flat stock prices during June. Early Movers: Trading
up -- VICL +21.8%, GERN +17.3%, XCO +16.5%, CGEN +12.2%, APOL +8.9%,
HRB +8.2%, ESI +7.3%, TSL +7%, CECO +6.9%, PACR +6.7%, ARM +6.3%, DV
+6.2%, COCO +5.6%, FUQI +5.6%, GMXR +5.4%, OSK +4.8%, AXL +4.8%, MOT
+4.7%; Trading down -- RZ -21.8%, SRZ -20.9%, SCHN -7.2%, PSEC -6.8%,
ASBC -6.4%, UAUA -6.1%, UEC -5.4%
|
| 30.06 15:01 |
US: June Conf Bd consumer conf 40.3 vs 54.8r May |
| 30.06 14:53 |
Dow +24.18 at 8553.56, Nasdaq +9.94 at 1854.00, S&P +1.85 at 929.08 |
| 30.06 14:46 |
US: June Chicago PM index 39.9 vs 34.9 in May, showing a little gain after auto weakness in the prior month.
Prices paid 36.3. New orders 41.6, employment 28.9 vs 25.0, inventories 34.2, production 39.3.
|
| 30.06 14:36 |
EUR/USD printed new low
Low print was notched around $1.4060 with the pair skidding lower on
conspicuous sales by US investment name, said to be between half and
three-quarters of a yard of euros. Sales tripped stops under the
overnight low area near $1.4070. A few more stops said in place sub
$1.4050 where bids are also reported. More stops sub $1.4040.
|
| 30.06 14:12 |
Before the bell:
U.S. stocks were poised to open the last session of 2009's first half
slightly higher, ahead of economic reports on consumer confidence and
housing.
Going into the second quarter's final day, the Dow is
up more than 900 points, or 12%. The S&P 500 is 16% higher while
the Nasdaq composite has gained nearly 21%.
For the first half,
the Dow is down 247 points, or 2.8%, while the S&P is 2.7% higher
and the Nasdaq has risen more than 14%.
All financial markets are closed Friday for the Independence Day weekend.
The
June Consumer Confidence index from the Conference Board is expected to
have risen to 55.3 from 54.9, according to a consensus of economists
surveyed by Briefing.com.
The Chicago PMI, a regional read on manufacturing, is expected to have risen to 39 in June from 34.9 in May.
Asian markets ended mixed Tuesday, with Tokyo's Nikkei index up 1.8%. European markets were little changed in early trading.
The price of oil rose 10 cents a barrel to $71.59.
|
| 30.06 13:51 |
GBP/USD back under pressure
Slowly slipping lower again, after recent failure to gain a toe
hold back above $1.6600. Rate trades back around $1.6570 after dipping
to $1.6560. Bids remain in place between $1.6555/50, stops on a break
of $1.6540.
|
| 30.06 13:17 |
DB says sharp downside risks are "out of the outlook. In light of the dramatic shift in market psychology, further dramatic tightening in credit conditions looks highly unlikely; hence second-half growth prospects have improved." |
| 30.06 13:00 |
European session:
Data: 06:00 UK Nationwide house price index (June) 0.9% 06:00 UK Nationwide house price index (June) Y/Y -9.3% 06:45 France PPI (May) -0.3% 06:45 France PPI (May)Y/Y -7.8% 07:55 Germany Unemployment (June) seasonally adjusted +31K 07:55 Germany Unemployment (June) seasonally adjusted, mln 3.495 07:55 Germany Unemployment rate (June) seasonally adjusted 8.3% 07:55 Germany Unemployment (June) seasonally unadjusted, mln 3.410 07:55 Germany Unemployment rate (June) seasonally unadjusted 8.1% 08:00 Е16 M3 money supply (May) adjusted Y/Y 3,7% 08:30 UK Current account (Q1), bln -8,5 08:30 UK GDP (Q1) final Y/Y -4,9% 08:30 UK GDP (Q1) final -2,4% 09:00 Е16 Harmonized CPI (June) Y/Y preliminary -0.1%
The dollar fell
for a fourth day against the euro as stocks rose on speculation the
global recession is abating, damping demand for the U.S. currency as a
refuge. The dollar declined against 13 of the 16 most-traded
currencies before a U.S. report that economists say will show consumer
confidence rose to a nine-month high, giving investors more confidence
to buy higher-yielding assets. The yen rose from a two-week low against
the euro and gained versus the dollar on speculation investors reduced
bets Japan’s currency will weaken before the Bank of Japan’s quarterly
Tankan survey tomorrow. Confidence among U.S. consumers rose to
55.3 in June, the highest level since September 2008, from 54.90 in
May, according to a survey of economists. The Conference Board will
release the sentiment index at 14:00 GMT in Washington. The Dollar Index,
which tracks the greenback against the currencies of six major U.S.
trading partners including the euro, yen and pound, declined 0.2
percent to 79.672. The yen reversed earlier losses against
the dollar and the euro. The Tankan survey will show an index of
sentiment among large manufacturers rose to minus 43 from a record low
of minus 58 in March, according to a survey of economists. A negative
number means pessimists outnumber optimists. The euro gained
versus the dollar on speculation ECB council member Ewald Nowotny will
today signal the central bank will keep interest rates on hold into
next year to aid the recovery. Nowotny was scheduled to speak in Vienna
today.
EUR/USD the pair lead the most part of session within the limits of $1,4080-$ 1,4150
 GBP/USD the rate shown low in the field of $1,6740 then sharply decreased in area $1,6550
USD/JPY the pair receded from a session low on Y95,30 and at present bargains in the field of Y95,80
Among the US report focus will be on Chicago PMI with analysts predict index rose to 38.4 in June after 34.9 month earlier.
|
| 30.06 12:42 |
Crude oil: WTI Nymex $71,18 (-$0,31) |
| 30.06 12:21 |
Citi abput US GDP
Citi economist Steven Weiting saus US output is still falling, but Q3 will see a modest rise in GDP that "could well mark the end of statistical recession." Citi ests +0.5% Q3 real GDP and +1.2% 4Q but warns "near term we face weaker employment and core retail sales news in June."
|
| 30.06 12:04 |
FTSE -5.29 (-0.12% ) at 4,288.74, CAC -3.84 (-0.12% ) at 3,189.84, Dax -1.98 (-0.04% ) at 4,883.11 |
| 30.06 11:40 |
European session:
The dollar fell for a fourth day against the euro as stocks rose on speculation the global recession is abating, damping demand for the U.S. currency as a refuge. The dollar declined against 13 of the 16 most-traded currencies before a U.S. report that economists say will show consumer confidence rose to a nine-month high, giving investors more confidence to buy higher-yielding assets. The yen rose from a two-week low against the euro and gained versus the dollar on speculation investors reduced bets Japan’s currency will weaken before the Bank of Japan’s quarterly Tankan survey tomorrow. “The dollar acted as a safe haven during the crisis, appreciating notably,” Ulrich Leuchtmann, head of foreign- exchange research in Frankfurt at Commerzbank AG, Germany’s second-largest lender, wrote in a client note today. “So, it’s to be expected that this situation would change once things returned to normal.” Confidence among U.S. consumers rose to 55.3 in June, the highest level since September 2008, from 54.90 in May, according to a survey of economists. The Conference Board will release the sentiment index at 14:00 GMT in Washington. The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners including the euro, yen and pound, declined 0.2 percent to 79.672. The yen reversed earlier losses against the dollar and the euro. The Tankan survey will show an index of sentiment among large manufacturers rose to minus 43 from a record low of minus 58 in March, according to a survey of economists. A negative number means pessimists outnumber optimists. The euro gained versus the dollar on speculation ECB council member Ewald Nowotny will today signal the central bank will keep interest rates on hold into next year to aid the recovery. Nowotny was scheduled to speak in Vienna today.
|
| 30.06 11:20 |
Techs on USD/JPY:
Resistance 3: Y97.20 Resistance 2: Y96.50 Resistance 1: Y96.00 Current price: Y95.80 Support 1: Y95.30 Support 2: Y93.80 Support 3: Y93.50 COMMENTS:
The pair established session low in the field Y95.30 which at present
is the nearest support. Break under will target May 22 lows on Y93.80
and further to Y93.50. Resistance is around hourly high on Y96.00.
Strong resistance comes on Y96.50 (Jun 25 high), then - near Friday’s
highs on Y97.20.
|
| 30.06 11:00 |
Techs on USD/CHF:
Resistance 3:Chf1.1150 Resistance 2:Chf1.1020 Resistance 1:Chf1.0920 Current price: Chf 1.0797 Support 1:Chf1.0800 Support 2:Chf1.0760 Support 3:Chf1.0630 СOMMENTS:
Dollar probes support at Chf1.0800 with a break under opens the way to
Chf1.0760 and Chf1.0630 (Wednesday’s low). Minor resistance comes at
yesterday’s highs on Chf1.0910/20. Strong resistance comes near
Wednesday’s highs on Chf1.1020 (also 38.2% Fibo of Chf1.1720 -
Chf1.0590 decline). Above the bullish momentum strengthens and opens
the way to Chf1.1150 (50%).
|
| 30.06 10:41 |
Techs on GBP/USD:
Resistance 3:$1.7400 Resistance 2:$1.6820 Resistance 1:$1.6740 Current price: $1.6620 Support 1: $1.6600 Support 2: $1.6540 Support 3: $1.6420 COMMENTS:
Tech hasn't changed. Minor resistance at $1.6740. Stronger level
remains at $1.6820 (50% Fibo of $2.0144 - $1.3470 decline), then – at
$1.6920. Minor support is at hourly low on $1.6600, then – at session
low on $1.6540. Break under will widen losses to $1.6420.
|
| 30.06 10:21 |
Techs on EUR/USD:
Resistance 3:$1.4330 Resistance 2:$1.4270 Resistance 1:$1.4140 Current price: $1.4091 Support 1:$1.4060 Support 2:$1.3980 Support 3:$1.3780 COMMENTS:
Tech hasn't changed. Resistance - $1.4140. Break above opens the way to
$1.4240/70 (04-05 Jun highs). Stronger level is near Jun 03 high on
$1.4330. Support comes at session low on $1.4060, below – on $1.3980(
Monday’s lows). Strong level is near $1.3780 (38,2% Fibo of
$1,2880-$1,4330 rise).
|
| 30.06 10:01 |
Е16 Harmonized CPI (June) Y/Y preliminary -0.1% |
| 30.06 09:46 |
Orders
EUR/USD Offers $1.4200, $1.4180/85, $1.4160 Bids $1.4100/095, $1.4050/40, $1.4025/20, $1.4000, $1.3980
USDJPY Offers Y96.90/00, Y96.45/50, Y95.80/85 Bids Y95.10/00
|
| 30.06 09:33 |
UK data
Current account (Q1), bln -8,5 GDP (Q1) final Y/Y -4,9% GDP (Q1) final -2,4%
|
| 30.06 09:13 |
Asian session: Dollar falls for fourth day against Euro
The dollar weakened for a fourth day against the euro as Asian
stocks advanced on speculation the global recession is abating, damping
demand for the U.S. currency as a refuge. The dollar declined before a
U.S. report that economists say will show consumer confidence rose to a
nine-month high, giving investors more confidence to buy
higher-yielding assets. The euro gained versus the dollar
on speculation ECB council member Ewald Nowotny will today signal the
central bank will keep interest rates on hold into next year to aid an
economic recovery. The U.S. currency headed for a 6.2% loss
against the euro this quarter, its first decline since March 2008. The
yen is poised for a 6.1% drop versus the euro this year. The yen rose
from a two-week low against the euro and gained versus the dollar on
speculation investors reduced bets Japan’s currency will weaken before
the Bank of Japan’s quarterly Tankan survey tomorrow. The Tankan survey
will show an index of sentiment among large manufacturers rose to -43
from a record low of -58 in March, according to a survey of economists.
EUR/USD rose from $1.4070 and for the rest of the session rate held within the $1.4090/$1.4150 range. Currently euro back to the figure.
GBP/USD held between the $1.6610/60 range before rose up the $1.6743 highs.
USD/JPY fell from Y96.30 to Y95.30.
In Europe attention will be on UK GDP final estimated for the first quarter and EU inflation data. Among the US report focus will be on Chicago PMI with analysts predict index rose to 38.4 in June after 34.9 month earlier.
|
| 30.06 09:00 |
GERMAN: Jun seasonally unadjusted jobless rate 8.1% |
| 30.06 08:59 |
GERMAN: Jun seasonally adjusted unemployment rate at 8.3% |
| 30.06 08:58 |
GERMAN: Jun seasonally adjusted unemployment rose 31,000 m/m to 3.495 mln |
| 30.06 08:54 |
OPTIONS: Expiries of note for today's 1400GMT cut,
EUR/USD: $1.4100, $1.4190, $1.4090, $1.4035 USD/JPY: Y95.20, Y95.50 USD/CAD: C$1.1500, C$1.1610
|
| 30.06 08:49 |
Japan stocks closed higher
Japan's benchmark stock indices ended Tuesday's session higher, boosted by overnight gains in the U.S. and data showing stronger-than-expected consumer spending. However, the market was unable to break decisively above the key 10,000 level. The Nikkei 225 was higher by 174.97 points, or 1.79%, to stand at 9958.44. The broader-based TOPIX was 14.44 points higher at 929.76.
|
| 30.06 08:44 |
STOCKS: Monday’s review
Majors close Nikkei -93.92 -1.00% 9,783.47 Topix -11.48 -1.2% 915.32 FTSE +53.02 +1.25% 4,294.03 CAC +63.95 +2.04% 3,193.68 Dax +108.62 +2.27% 4,885.09 Dow +90.99 +1.08% 8,529.38 NASDAQ +5.84 +0.32% 1,844.06 S&P +8.33 +0.91% 927.23 10yr Note -0.1400 -0.040% 3.492% NYMEX Crude Oil +2.33 +3.37% 71.49 Gold -0.30 -0.03% 940.70
Japanese
stocks fell for the first time in four days as plans by Daiwa
Securities Group Inc. and Mizuho Financial Group Inc. to sell new
shares raised concern shareholder value will be diluted. Daiwa,
Japan’s No. 2 brokerage, lost 12 percent, the sharpest decline in nine
years, after announcing its first public offering in two decades. Mizuho,
the third-biggest bank by market value, dropped 3.4 percent after
people familiar with the deal said the bank may start selling shares as
early as this week. Oji Paper Co., the nation’s biggest user of high-sulfur fuel oil, climbed 2.2 percent as crude prices fell. Stocks
rose in the morning session after a Trade Ministry report on factory
output stoked optimism the nation’s economy was recovering. Industrial
production rose 5.9 percent in May from the previous month, the
Ministry said. Output gained at the same pace in April, which was the
biggest jump in a half century. Mitsui O.S.K. Lines Ltd., Japan’s
No. 2 shipping line, sank 3.1 percent to 618 yen, and smaller rival
Kawasaki Kisen Kaisha Ltd. fell 3.4 percent to 398 yen. The Baltic Dry
Index, a measure of transport costs for commodities, lost 9 percent
last week, the biggest weekly drop since the five days ended April 3.
European
stocks rose, with the Dow Jones Stoxx 600 Index rebounding from its
first back-to-back weekly declines since March, as economic confidence
in the region climbed to the highest in seven months. Deutsche
Telekom AG advanced 2.5 percent after a person familiar with the
situation said Vodafone Group Plc is considering a bid for its U.K.
wireless unit. Lloyds Banking Group Plc jumped 6.1 percent as Goldman
Sachs Group Inc. added the shares to its “conviction buy” list. Royal
Dutch Shell Plc increased 1.8 percent as oil gained. European
confidence in the economic outlook rose more than economists forecast
in June, adding to signs that record low interest rates and stimulus
measures are helping to pull the region out of a recession. Lloyds
surged 6.1 percent to 70.56 pence. Britain’s biggest mortgage lender
was raised to “buy” from “neutral” at Goldman Sachs Group Inc., which
said the company will be a “key beneficiary” of higher market share
concentration in the U.K. Shell, Europe’s largest oil company,
added 1.8 percent to 1,536 pence as crude rallied as much as 3.2
percent to more than $71 a barrel. BP Plc, the second-biggest, climbed
2 percent to 482.75 pence. Novo Nordisk A/S, the world’s largest
insulin maker, climbed 6.9 percent to 288.5 kroner, rebounding from
last week’s 5.3 percent drop. The European Association for the Study of
Diabetes said its research into the cancer risk from a Sanofi- Aventis
SA diabetes drug didn’t include Novo Nordisk’s competing product,
Levemir.
Buyers on Wall Street showed confidence and bid stocks higher in broad-based fashion.
Aside from some early gyrations, stocks spent nearly all of the session
moving sideways with the S&P 500 stuck between 925 and 928, which
translated to gains from 0.7% to 1.0%. A lack of clear leadership
seemed to restrain stocks from moving higher and breaking above the
intraday highs registered in recent weeks. All 10 major sectors in
the S&P 500 logged healthy gains. Financials (+1.4%), utilities
(+1.3%), telecom (+1.2%), and energy (+1.3%) all made similar gains. Energy
stocks were bolstered by higher oil prices, which finished 3.4% higher
at $71.49 per barrel. The gains came despite news that the IEA cut its
annual oil demand forecasts through 2013. That was countered by news
that China is looking to boost its oil reserves by 160%. Health
care stocks (+0.5%) lagged for the entire session, but were able to
recover from morning losses. The sector's weakness spanned health care
facilities, health care tech, and health care distributors amid ongoing
efforts to reform health care, which have often made for unsuccessful
endeavors in past years. Tech stocks had showed relative strength
in the early going, but also lagged the broader market into the close.
They finished with a gain of 0.7%. Apple (AAPL 141.97, +0.47) was an
early leader in the group, but surrendered its gains despite news that
chief executive Steve Jobs will return to work at Apple after being on
medical leave. Relative weakness in other large-cap tech stocks caused
the Nasdaq to underperform its counterparts.
|
| 30.06 08:26 |
FOREX: Monday’s review
Data released 08:30 UK M4 money supply (May) final 0.2% 0.2% 0.2% 08:30 UK M4 money supply (May) final Y/Y 16.6% 16.6% 16.6% 08:30 UK Consumer credit (May), bln 0.3 0.3 0.2 (0.3) 09:00 EU(16) Economic sentiment index (June) 73.3 71.0 70.2 (69.3) 09:00 EU(16) Business climate indicator (June) -2.97 - -3.11 (-3.17) 23:01 UK Gfk consumer confidence (June) -25 -25 -27 23:30 Japan Unemployment (May) 5.2% 5.2% 5.0% 23:30 Japan Household spending (May) real Y/Y 0.3% -1.5% -1.3%
The yen dropped
versus most of its major counterparts as a report showed confidence in
the European economy increased in June, encouraging Japanese investors
to buy higher-yielding assets overseas. The euro gained versus the
yen as the increase in European sentiment added to evidence record low
interest rates are helping to pull the region out of a recession. The
yen dropped after the European Commission said in Brussels today that
an index of executive and consumer sentiment in the 16 nations that use
the euro increased to 73.3, the highest level since November, from a
revised 70.2 in May. The European Central Bank is likely to keep its
main refinancing rate at a record low of 1% on July 2, according to the
median forecast of economists. The same day, the U.S. Labor Department
will report employers cut 355,000 jobs in June, according to the median
forecast of economists. The elimination of 345,000 positions in May was
the lowest number since September.
EUR/USD
fell down to $1.3984, with traders then noting Russian demand around
the base. A UK clearer then said to be the buyer as the rate lifted
back above $1.4000, the recovery stretching to the $1.4030 area and
then – to $1.4100.
GBP/USD traded through the overnight base to $1.6429 before it broke above $1.6500, posting eventual highs at $1.6570.
USD/JPY held within the Y95.30/60 range before rising to Y96.20.
In Europe attention will be on Germany’s labor market data, UK GDP final estimated for the first quarter and EU inflation data. Among the US report focus will be on Chicago PMI with analysts predict index rose to 38.4 in June after 34.9 month earlier.
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| 30.06 08:14 |
Techs on USD/JPY:
Resistance 3: Y97.20 Resistance 2: Y96.50 Resistance 1: Y96.00 Current price: Y95.46 Support 1: Y95.00 Support 2: Y93.80 Support 3: Y93.50 COMMENTS: Dollar weakens Tuesday with support comes at Monday’s low on Y95.00. Break under will target May 22 lows on Y93.80 and further to Y93.50. Resistance is around hourly high on Y96.00. Strong resistance comes on Y96.50 (Jun 25 high), then - near Friday’s highs on Y97.20.
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| 30.06 08:05 |
Techs on USD/CHF:
Resistance 3:Chf1.1150 Resistance 2:Chf1.1020 Resistance 1:Chf1.0920 Current price: Chf 1.0795 Support 1:Chf1.0800 Support 2:Chf1.0760 Support 3:Chf1.0630 СOMMENTS: Dollar probes support at Chf1.0800 with a break under opens the way to Chf1.0760 and Chf1.0630 (Wednesday’s low). Minor resistance comes at yesterday’s highs on Chf1.0910/20. Strong resistance comes near Wednesday’s highs on Chf1.1020 (also 38.2% Fibo of Chf1.1720 - Chf1.0590 decline). Above the bullish momentum strengthens and opens the way to Chf1.1150 (50%).
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| 30.06 07:50 |
FRANCE: May PPI -0.3% m/m, -7.8% y/y |
| 30.06 07:39 |
Techs on GBP/USD:
Resistance 3:$1.6920 Resistance 2:$1.6800 Resistance 1:$1.6740 Current price: $1.6715 Support 1: $1.6600 Support 2: $1.6540 Support 3: $1.6420 COMMENTS: Sterling rallies, heading for minor resistance at $1.6740. Stronger level remains at $1.6800 (50% Fibo of $2.0144 - $1.3470 decline), then – at $1.6920. Minor support is at hourly low on $1.6600, then – at session low on $1.6540. Break under will widen losses to $1.6420.
|
| 30.06 07:22 |
Techs on EUR/USD:
Resistance 3:$1.4330 Resistance 2:$1.4270 Resistance 1:$1.4140 Current price: $1.4140 Support 1:$1.4060 Support 2:$1.3980 Support 3:$1.3780 COMMENTS: Euro rises Tuesday, currently testin resistance at $1.4140. Break above opens the way to $1.4240/70 (04-05 Jun highs). Stronger level is near Jun 03 high on $1.4330. Support comes at session low on $1.4060, below – on $1.3980( Monday’s lows). Strong level is near $1.3780 (38,2% Fibo of $1,2880-$1,4330 rise).
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| 30.06 07:02 |
Germany: May ILO sa employed 40.108 mn, -14k m/m |
| 30.06 07:02 |
UK: Nationwide June House Prices +0.9% m/m; -9.3% y/y |
| 30.06 06:50 |
Major European bourse are initially seen narrowly mixed Tuesday: the FTSE down 7, the DAX up 2, the CAC down 7 and the Eurostoxx 50 down 3. |
| 30.06 06:36 |
Daily History for Monday, June’29’2009 [таб]:
High Low Close EUR/USD 1.4100 1.3980 1.4080 GBP/USD 1.6582 1.6426 1.6564 USD/JPY 96.15 95.15 96.06 USD/CHF 1.0910 1.0807 1.0821
EUR/JPY 135.46 133.36 135.28 EUR/GBP 0.8523 0.8476 0.8500 GBP/JPY 159.28 156.70 159.12 GBP/CHF 1.8008 1.7860 1.7926
Change % Change Last Nikkei -93.92 -1.00% 9,783.47 Topix -11.48 -1.2% 915.32 FTSE +53.02 +1.25% 4,294.03 CAC +63.95 +2.04% 3,193.68 Dax +108.62 +2.27% 4,885.09 Dow +90.99 +1.08% 8,529.38 NASDAQ +5.84 +0.32% 1,844.06 S&P +8.33 +0.91% 927.23 10yr Note -0.1400 -0.040% 3.492% NYMEX Crude Oil +2.33 +3.37% 71.49 Gold -0.30 -0.03% 940.70
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| 30.06 06:24 |
Schedule for today, Tuesday, June’30’2009
05:00 Japan Housing starts (May) Y/Y -27.8% -32.4% 05:00 Japan Construction orders (May) Y/Y - -25.9% 06:00 UK Nationwide house price index (June) 0.2% 1.2% 06:00 UK Nationwide house price index (June) Y/Y -10.1% -11.3% 06:00 Germany Retail sales (May) real adjusted - 0.5% 06:00 Germany Retail sales (May) real unadjusted Y/Y - -0.8% 06:45 France PPI (May) - -0.6% 06:45 France PPI (May)Y/Y - -5.5% 07:55 Germany Unemployment (June) seasonally adjusted +45K +1K 07:55 Germany Unemployment (June) seasonally adjusted, mln - 3.456 07:55 Germany Unemployment rate (June) seasonally adjusted 8.3% 8.2% 07:55 Germany Unemployment (June) seasonally unadjusted, mln - 3.458 07:55 Germany Unemployment rate (June) seasonally unadjusted - 8.2% 08:00 Italy PPI (May) - -0.5% 08:00 Italy PPI (May) Y/Y - -5.3% 08:00 EU(16) M3 money supply (May) adjusted Y/Y 4.6% 4.9% 08:00 EU(16) M3 money supply (3 months to May) adjusted Y/Y 4.9% 5.2% 08:30 UK GDP (Q1) final -1.9% -1.9% 08:30 UK GDP (Q1) final Y/Y -4.1% -4.1% 08:30 UK Current account (Q1), bln -6.7 -7.6 09:00 Italy CPI (June) preliminary 0.2% 0.2% 09:00 Italy CPI (June) preliminary Y/Y 0.2% 0.9% 09:00 Italy HICP (June) preliminary Y/Y - 0.8% 09:00 EU(16) Harmonized CPI (June) Y/Y preliminary - 0.0% 12:55 USA Redbook (27.06) 13:45 USA Chicago PMI (June) 38.4 34.9 14:00 USA Consumer confidence (June) 55.2 54.9 23:50 Japan BoJ Tankan survey (Q2) -43 -58
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| 30.06 06:03 |
JAPAN: May housing starts fall 30.8% on year |
| 30.06 06:03 |
JAPAN: May construction orders down 41.9% on year |
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