Markets Recovered From Bullard

Published by Filipe R. Costa on Mon, 27/08/2012 - 09:06
ben bernanke

Daily Market Commentary for August 27: Investors were scared by Philadelphia FED’s President James Bullard when he said the FED won’t act under the current economic conditions but Ben Bernanke said in a letter to a top lawmaker in Capitol Hill that there is scope for further action, reviving investors’ expectations.

Equities recovered from the downturn started Thursday but there is uncertainty that is kicking many investors out of equities now.

US durable goods orders jumped 4.2%, much above the expected 1.9% but when taken out transportation, orders decreased 0.4%. Aircraft orders have been strong lately, but if we taken out the sector, durable goods orders are not in the best pace.

This week investors will be looking for new clues about the FED when Bernanke speaks at Jackson Hole. This game will never end and we will certainly continue to see equities rising and dropping inside a band until next FED meeting.

Name Last price Close Price % 5-Day % YTD %
Nasdaq 100 Index 24/08/2012 2778.05 0.58 -0.08 21.96
Crude oil (Brent) Composite 24/08/2012 113.5 -0.24 -0.26 5.67
S&P 500 24/08/2012 1411.13 0.65 -0.5 12.21
Crude oil (Light Sweet) Composite 24/08/2012 96.01 0.15 -0.16 -3.02
Dow Jones Industrial Average 24/08/2012 13158 0.77 -0.88 7.7
DAX (Xetra) 24/08/2012 6971.07 0.31 -0.99 18.19
Gold (LBM) $ 24/08/2012 1672.3 -0.12 3.48 6.73
AUD/USD - US$ per Australian $ 24/08/2012 1.0404 -0.28 -0.12 1.93
FTSE 100 24/08/2012 5776.6   -1.3 3.67
Euronext 100 24/08/2012 652.59 0.1 -1.47 10.08
CAC 40 24/08/2012 3433.21 0.02 -1.58 8.65
AUD/JPY - JPY per Australian $ 24/08/2012 81.86 -0.16 -1.27 4.3
Nikkei 225 24/08/2012 9070.75 -1.17 -1 7.28
GBP/USD - US $ per £ 24/08/2012 1.581 -0.3 0.74 1.8
EUR/USD - US$ per Euro 24/08/2012 1.2512 -0.37 1.45 -3.41
EUR/GBP - £ per Euro 24/08/2012 0.7913 -0.1 0.71 -5.03
USD/CHF - Swiss Fr per US$ 24/08/2012 0.9598 0.38 -1.45 2.37
EUR/CHF - Swiss Fr per Euro 24/08/2012 1.2008 -0.02 -0.03 -1.18