Markets Continue On The Rise

Published by Filipe R. Costa on Mon, 20/08/2012 - 14:14
Samaras and Merkel

Daily Market Commentary for August 20: Equities continued the uptrend last Friday with FTSE rising just 0.09% but peripheral countries as Italy and Spain recovering very well. Economic data was positive.

Consumer sentiment in the US rose to 73.6 after registering 72.3 in July. Analysts were expecting a reading of 72.0. Market reaction was positive although investors have been undecided between which route to follow. Positive data is good for equities generally, but it means a lower likelihood of further FED intervention, and markets have been rising on the expectation of further stimulus.

Liquidity has been low and it is not expected to recover much this week as many investors are still on holiday. This week some important meetings will occur regarding the Greek problem. Samaras will try to get an extension to the bailout terms but Germany is not willing to concede much more to Greece.

Name Last price Close Close -1 Close + / - Price % 5-Day %
CAC 40 17/08/2012 3488.38 3480.49 7.8899 0.23 1.54
Crude oil (Light Sweet) Composite 17/08/2012 96.16 95.26 0.9 0.94 3.07
DAX (Xetra) 17/08/2012 7040.88 6996.29 44.5898 0.64 1.39
Dow Jones Industrial Average 17/08/2012 13275.2 13250.11 25.0898 0.19 0.51
EUR/GBP - £ per Euro 17/08/2012 0.7857 0.7853 0.0004 0.05 0.33
EUR/USD - US$ per Euro 17/08/2012 1.2333 1.2359 -0.0026 -0.21 0.38
FTSE 100 17/08/2012 5852.42 5834.51 17.9102 0.31 0.09
FTSE MIB 17/08/2012 15124.75 14930.25 194.5 1.3 3.96
GBP/USD - US $ per £ 17/08/2012 1.5694 1.5737 -0.0043 -0.27 0.05
Gold (LBM) $ 17/08/2012 1616.1 1615.9 0.2 0.01 -0.38
IBEX 35 17/08/2012 7561 7417.3 143.6997 1.94 7.28
Nasdaq 100 Index 17/08/2012 2780.3 2768.09 12.2102 0.44 2.11
Nikkei 225 20/08/2012 9171.25 9162.5 8.75 0.1 3.22
S&P 500 17/08/2012 1418.16 1415.51 2.6499 0.19 0.87
Silver (LBM) $ 17/08/2012 28.16 28.19 -0.03 -0.11 -0.07
USD/JPY - JPY per US$ 17/08/2012 79.56 79.28 0.28 0.35 1.7