Daily Video Review - 30/06
- Donald Herison
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- MARKETS NEWS
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Most U.S. stocks fell on Monday after Greek bailout talks collapsed, intensifying fears that the country could be the first to exit the euro zone.
Trading was heavy, with investors dropping riskier assets such as equities and commodities. The S&P 500 (SPX) fell nearly 1 percent and nine of the 10 main S&P sectors retreated. The only group to rise was utilities, considered a defensive play.
The European Central Bank froze funding to Greek banks, forcing Athens to shut banks for a week to keep them from collapsing.
Contracts to buy previously owned U.S. homes rose to their highest level in just over nine years in May, in a further boost to the housing market and the broader economic outlook.
The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, increased 0.9 percent to 112.6, the highest level since April
The dollar pared gains against a basket of other major currencies on Monday, even after data showed that pending home sales in the U.S. rose to the highest level since 2006 in May, as concerns over the deadlock in Greek debt negotiations slightly eased.
The National Association of Realtors said its pending home sales index increased by 0.9% last month, compared to expectations for a gain of 1.2%.
Pending home sales in April rose by 2.7%, whose figure was revised down from a previously reported gain of 3.4%.
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U.S. stocks were mixed at the open on Friday ahead of a EuroGroup meeting about extending Greece's bailout program.
The Dow Jones industrial average (DJI) rose 58.02 points, or 0.32 percent, to 17,948.38, the S&P 500 (SPX) gained 1.9 points, or 0.09 percent, to 2,104.21 and the Nasdaq Composite (IXIC) dropped 4.17 points, or 0.08 percent, to 5,108.02.
The dollar held steadt against a basket of other major currencies on Friday, as investors eyed the release of U.S. consumer sentiment data later in the day and continued to focus on Greek debt talks.
The dollar found support after data on Thursday showed that U.S. personal spending rose by 0.9% in May, above expectations for a gain of 0.7%.
Crude oil futures fell to one-week lows on Friday, as the U.S. dollar remained supported by the previous session's upbeat U.S. data and amid growing concerns over the outcome of Greek debt negotiations.
The U.S. dollar rose against its Canadian counterpart on Friday, as Thursday's upbeat U.S. data continued to support the greenback and investors continued to focus on Greek debt talks.
USD/CAD hit 1.2397 during early U.S. trade, the session high; the pair subsequently consolidated at 1.2380, gaining 0.46%.
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Wall Street opened higher on Thursday as data showed that the U.S. economy was on the path to recovery after consumer spending recorded its largest increase in nearly six years.
Investors have been keeping a sharp eye on economic data for signs of a recovery in the U.S. economy, which came to a crawl in the first quarter, as the Federal Reserve prepares to raise interest rates for the first time in almost a decade.
The euro was fractionally lower against the dollar on Thursday as investors remained on the sidelines to monitor developments in Greece’s bailout talks.
Natural gas futures trimmed gains on Thursday, despite data showing that U.S. natural gas supplies rose less than expected last week.
Natural gas for delivery in August rose 2.4 cents, or 0.88%, on the New York Mercantile Exchange to trade at $2.806 per million British thermal units during U.S. morning hours. Prices were at around $2.846 prior to the release of the supply data.
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S&P 500 VIX and NIKKIE 225 are going up.
Silver, Natural Gas and Copper are going up in the commodities market.
Apple and Facebook continue to rise. SoftBank is rising.
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EURO is falling, While USD is going up.
U.S INDEX'S: S&P NASDAQ and DOW are on the rise.
DAX and NIKKEI are rising as well.
US 3, 10 and 30Y YIELD is rising.
In the commodities arena, Natural Gas and Copper are going up.
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