Gold prices saw a bright day

[gnutrade.satya]

Crude Oil prices ended up lower

Oil prices ended up lower, as concerns that Europe's debt crisis will widen battered the euro and added to ongoing concerns about China's economic growth. Oil and dollar-denominated commodities often move inversely to the dollar.Chris Dillman, analyst at Tradition Energy in Stamford, Connecticut said: "Crude sold off mainly on the concerns about the euro zone economy and the Shanghai index slipping didn't help."

 

[gnutrade.satya]

European equities FTSE,CAC and DAX ended on a higher note

Encouraged by better-than-anticipated US labor data and miners gaining on strong factory output numbers from China which is the top metal consumer, helped the European equities like the FTSE , CAC and DAX to end up on a biggest close for the day.Spain's two biggest banks were among the standout risers.Mark Webster, head of European active equities at State Street in London said: "Some stocks were getting cheap. People have just had a chance to reflect on some of the corporate earnings we've had this year. My sense is that people are still looking to buy on weakness rather than sell into strength."German stocks like the DAX rose as investors speculated that the sovereign-debt crisis might force European Central Bank policy makers to expand their arsenal at their meeting tomorrow.
Robert Halver, head of research at Baader Bank AG in Frankfurt said: We have a really good economic background in Europe and Asia and thats wonderful news. Theres a big hope the ECB will delay its exit strategy and follow the Feds example and buy more government bonds.

 

[gnutrade.satya]

Oil prices ended up higher

Oil prices ended up higher as a weaker dollar prompted investors to buy riskier assets such as oil and other commodities. Oil investors took the cue from Wall Street, which show-cased positive data on housing and retail sales, indicating the economic recovery was getting traction and boding well for future oil demand.Jim Ritterbusch, president of independent consultants Ritterbusch & Associates in Galena, Illinois said: "The improved U.S. economic climate that has spurred this week's upside acceleration in equities is an important driver of higher oil values and we look for this pattern to be continued with tomorrow's release of the nonfarm payrolls number."

 

[profit13]

Re: Oil prices ended up higher

Oil prices were hovering around a two-year high in Asian trading amid signs that economic momentum is picking up in the US, the world's largest energy consumer.

 

[gnutrade.satya]

Gold prices rose on a good note

Gold prices rose on a good note as the dollar tumbled when disappointing jobs data cast doubt on the strength of the US economic recovery.
Tom Pawlicki, precious metals and energy analyst at MF Global said: "The employment data today makes it more likely that the US Congress is going to have to extend unemployment insurance and the tax cuts. The market sees that as more deficits spending, creating a more positive atmosphere for gold because the dollar is going down on it."

 

[gnutrade.satya]

Bouncing prices in oil lifted the European equities

Bouncing prices in oil lifted the European equities like the FTSE , CAC and DAX to end up on a good note as crude prices remained strong, just about offsetting nerves over the outcome of a euro zone meeting expected to outline further plans to contain the debt crisis.Energy firms rose as crude prices hovered on expectations of higher demand for fuel due to freezing weather in Europe and parts of the United States.
Heino Ruland, strategist at Ruland Research in Frankfurt said: "The market is clearly looking for an enlargement of the rescue fund. They want to know what the plans are and if it is going to be sustainable. If that is not on the table, people will continue speculating against the euro."

 

[gnutrade.satya]

US Markets at Wall Street ended on a moderate note

The Wall Street saw a moderate day as investors' enthusiasm over a tax cut extension deal was short-circuited by rising bond yields and reports regulators were stepping up an insider-trading probe.The Dow Jones Industrial Average slipped 3.03 points. Tthe Standard &Poor's 500 added 0.63 points. But the Nasdaq Composite Index ended up 3.57 points.

 

[gnutrade.satya]

US tax cuts has encouraged the dollar against the yen

Proposed extension in the US tax cuts has encouraged the dollar against the yen and this has also lifted the exporters shares, this news directly made a positive impact on the Japanese market especially the Nikkei which settled higher. Major exporters were standing hig yesterday and thus helped the markets in Asia.Kenichi Hirano, operating officer at Tachibana Securities said: "The dollar/yen rate now stands at well over 83 yen, and that's pretty much the biggest positive factor supporting stocks today."

 

[gnutrade.satya]

Oil prices to ended up lower for second consecutive day

Unanticipated huge increases in the US fuel inventoires and a stronger dollar sparked selling in crude which took the Oil prices to ended up lower for second consecutive day. Prospects that the US President Barack Obama would push through a tax cut extension deal helped limit the day's losses because more money in consumer pockets could boost energy demand.It is expected that oil's downward trend could persist if China proceeded with a speculated rise in interest rates to cool down its overheated economic growth.Mike Zarembski of OptionsXpress in Chicago said: "We don't have the extremes of yesterday's API number, but on the surface this is a bearish report showing lackluster demand with the increase in products."

 

[gnutrade.satya]

Oil prices to ended up lower for third consecutive day

Concerns that China's moves to cool inflation would curb energy demand, while slumping gasoline futures hit crude futures which had risen on news of surging Chinese imports and this news took the Oil prices to ended up lower for third consecutive day. Tom Bentz, broker at BNP Paribas Commodity Futures in New York said: "The market just continues to struggle in the high $80s. The Chinese rise in November imports and exports is supportive but being offset by the China central bank raising reserves as well as the potential for an interest rate hike over the weekend."