Market overview for Monday 9th July 2012‏

عربي      فارسى              LIVE CHAT      CONTACT US      FUNDING                                              OPEN TRADING ACCOUNT                                                            LEARN HOW TO JOIN NOW             تعرف على كيفية الانضمام الأن   Market Overview for Monday 9th July 2012 Currencies The euro gained against the dollar o n Monday in a mostly technical rebound from a two-year low touched earlier in the session even as the single currency faces more headwinds from global growth concerns and the region's ongoing debt crisis.        Euro zone finance chiefs were meeting to flesh out plans to reinforce their common currency, but investors are cautious the talks in Brussels may do little more than highlight the limitations of last month's deal to help indebted states and banks.      The euro was last up 0.2 percent against the dollar at $1.2314 after climbing as high as $1.2324 and well off a low of $1.2255 hit in early trade.      The dollar was last down 0.1 percent at 79.58 yen, moving away from a two-week high hit on Thursday. Energy Oil prices jumped 2 percent on Monday, with Brent futures rising back above $100 a barrel as a strike by workers and a planned lockout by companies threatened to completely shut Norway's crude oil production.    Prices were off session highs in post-settlement trading on news that Iran's foreign minister downplayed in an interview recent threats to shut the Strait of Hormuz and said that Iran is ready to negotiate on uranium enrichment.    Brent August crude jumped $2.13 to settle at $100.32 a barrel, having reached $101.06.     U.S. August crude rose $1.54 to settle at $85.99 a barrel, after trading from $84 to $86.48.    Total crude trading volume for Brent was only 2.2 percent above the 30-day average, but outpaced U.S. crude dealings by more than 2000,000 lots traded.    Monday's price strength followed the drops on Friday in both Brent, down more than 2 percent, and U.S. crude, down more than 3 percent, after a disappointing U.S. June jobs report.  Precious metals Gold rose in quiet trade on Monday after the previous session's sharp drop, lifted by higher commodity prices and benign inflation data from China.     Fears of rising commodity prices because of a record high in U.S. soybean futures and corn's rally amid severe dry conditions in the U.S. Midwest boosted the metal's inflation-hedge appeal.     Spot gold climbed 0.5 percent at $1,590.50 an ounce.      U.S. COMEX gold futures for August delivery settled up $10.20 at $1,589.10, with volume at about 40 percent below its 30-day average.     Silver rose 1.3 percent to $27.41 an ounce.     Among platinum group metals, platinum inched up 0.1 percent to $1,439.23 an ounce, while palladium rose by 1.1 percent to $579.08 an ounce.  Stock indices U.S. stocks slipped in light trading on Monday, weighed down by weak economic data from Asia and signs of economic trouble in Europe, underscored by higher Spanish and Italian bond yields.  Monday's decline, the third in a row for the S&P 500 index, comes as quarterly earnings reports get under way.    The Dow Jones industrial average ended down 36.18 points, or 0.28 percent, at 12,736.29. The Standard & Poor's 500 Index was down 2.22 points, or 0.16 percent, at 1,352.46. The Nasdaq Composite Index was down 5.56 points, or 0.19 percent, at 2,931.77. Volume was among the lightest of the year. About 5.1 billion shares changed hands on the New York Stock Exchange, the NASDAQ and Amex, compared with the year-to-date daily average of 6.85 billion shares.  Disclaimer & Risk Warning Trading with financial instruments on margin carries a high level of risk, and may not be suitable for all investors. Trading with financial instruments is not suitable for an investor seeking an income since profits are not guaranteed. It is recommended to seek independent investment advice if necessary. This communication is provided for information purposes only and no information contained herein constitutes a solicitation for the purpose of purchase or sale of any financial instrument, nor should it serve as the basis for any investment decision. Accordingly, Clients should consider that the communication and information contained herein, is not prepared in accordance with legal requirements designed to promote the independence of investment research, and is not subject to any prohibition on dealing ahead of the dissemination of investment research. Windsor Brokers Ltd does not guarantee the accuracy or completeness of any information or analysis supplied and shall not be liable to any client or third person for the accuracy of the information or any market quotations supplied through this service to a client, nor for any delays, inaccuracies, errors, interruptions or omissions in the furnishing thereof, for any direct or consequential damages arising from or occasioned by said delays, inaccuracies, errors, interruptions or omissions, or for any discontinuance of the service.