Saxo Bank Market call 9 july 2008 Positive Markets As Fed ex

Added: Jul 9, 2008

From: Saxobankvideo

Duration: 5:35

Positive Markets As Fed extends the duration of lending facilitiesIn overnight trading, Asian stocks have surged with biggest gains in nearly 3-month period. Overnight News BulletsAU NAB Business Conditions, Jun, out at 0 vs 7 prior.AU NAB Business Confidence, Jun, out -9 vs -4 prior.JN Bankruptcies YoY, Jun, out at 11.7% vs -1.5% prior.UK GCLG UK House Prices YoY, May, out at 3.7% vs 3.3% exp. Prior 4.9%US Pending Home Sales MoM, May, out at -4.7% vs -3.0% exp. Prior 7.1%US Wholesale Inventories, May, out at 0.8% vs 0.6% exp. Prior 1.4%US Consumer Credit, May, out at $7.8B vs $7.5B exp. Prior 7.8BMarketsFX: Canadian dollar falls the most in a week while EUR is still well bid.Fixed Income: Treasuries little changed while JGBs marginally lower.Equities: American and Asian equities rally strongly after losses in Europe. Nasdaq closes 2.28% higher, while Hang Seng up by more than 2%Commodities: Crude oil falls below $137, also bringing the precious metals lower.

Channel: News

Tags: analysis  bank  call  commentary  financial24  market  news  saxo 

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