Positive Finish To The Week
June 26th, 2009 by Lawrence Grasso
Closing Data
| Current | +/- | % | |
|---|---|---|---|
| Dow Jones | 8472.4 | 172.54 | 2.1% |
| NASDAQ | 1829.54 | 37.2 | 2.1% |
| S P 500 | 920.26 | 19.32 | 2.1% |
| FTSE 100 | 4252.57 | -27.41 | -0.6% |
| Nikkei 225 | 9796.08 | 205.76 | 2.1% |
| SFE 200 Futures | 3862 | 32 | 0.8% |
| US Bond 10 Yr | 3.536 | -0.1492 | -4.0% |
| US Bond 30 Yr | 4.3285 | -0.1 | -2.3% |
| Aluminium | 1622 | 28 | 1.8% |
| Copper | 5023.5 | 133 | 2.7% |
| Lead | 1710 | 65 | 4.0% |
| Nickel | 15355 | 160 | 1.1% |
| Tin | 14800 | 100 | 0.7% |
| Zinc | 1583 | 47.5 | 3.1% |
| WTI Spot | 69.7 | 1.56 | 2.3% |
The Dow Industrials gained 172.54 points, or 2.08%, to 8,472.40. Stocks climbed even though data showed that the number of U.S. workers filing new claims for jobless benefits jumped last week. Thursday's gains came after a big drop for stocks early in the week. Positive earnings from retailers helped consumer discretionary stocks do well.
Australian shares are expected to rise on Friday, after Wall Street was lifted by retailers and home builders. Firmer metals prices are likely to buoy the resources sector. Keep an eye on BHP and RIO to have a bounce on the upside today between 1-2%.
Commodities
Crude oil climbed and gasoline rose after militants attacked a Royal Dutch Shell pipeline supplying an export terminal in Nigeria, Africa's largest producer. The Movement for the Emancipation of the Niger Delta, or MEND, said it attacked a pipeline supplying Shell's Bonny terminal. Gold prices rose on speculation that record-low US interest rates will boost demand for the metal as an alternative investment.
Silver also advanced.
Contact your Freeman Fox Stockbroker on 07 3031 9960 or 1800 003 369 Ext 7.
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