Good morning everyone,
Stocks and commodities including metals and oil fell broadly in the wake of yesterday's release of the Fed minutes....Traders were very disappointed that the Fed members made no hints at further economic stimulus in their policy discussions....As a result; the Dollar surged higher in knee jerk reaction sending metals, oil and stocks lower....
Looking across the Pond we find the Euro currency trading at $1.3157 off 74/100ths of a cent against the Dollar.....Crude Oil is down another $1.07 per barrel at $102.94.....
In metals trading Silver fell $1.22 to $31.99....Gold is down $40.00 to $1632.00......Palladium sits at $649.00 off $12.00.....Platinum is $1631.00 down $29.00 per ounce.....
In stock market activity European issues are currently down 1.2% to 1.9%.....Domestically the Dow ended Tuesday with a loss of 65 points and appears to be headed for 100 point decline this morning....The short term negative sentiment might alter depending on today's U.S. economic data.....The March reading of the ADP Private Sector Employment Survey is expected to clock in at 217,000 new jobs versus February's 216,000.....The ISM Services Index is estimated to be 56.7 versus 57.3....The estimates reflect dull expectations, but we have gotten quite a few surprises in some of the recent data.....So; with nervous traders awaiting today's data; that's it......Call for strategies
Peter R.....Southern Trust Metals, Inc.
Toll free 1-877-448-0080
To unsubscribe simply reply to this communication letting us know of your decision.....Thanks
No comments:
Post a Comment
Keep a civil tongue.