Commodities Futures Today

Stock Market News – SanDisk Corp (SNDK) Altera Corp (ALTR) Expeditors (EXPD) and Intuit (INTU) Among Laggards

Logo for Intuit and Sandisk

(Best Syndication News) Stocks are opening lower in Asia early Monday after closing slightly higher last week (see stock charts below). There is little good news in Asia: the Australian Producer Price Index (PPI) declined last quarter and the HSBC Manufacturing PMI for China climbed to just 49.1 in April.

The dollar (USD) was lower against all major currencies on Friday; however on the week the greenback eked-out a 0.94 percent gain vs the Japanese yen (JPY). The euro (EUR) has been hit hard by the political and economic uncertainty surrounding Spanish sovereign debt (see the average forex chart below).

Stock Market Today – First Solar (FSLR) and Apple (AAPL) Among Losers while Rowan (RDC) Among Winners

fslr adn rdc logos

(Best Syndication News) Markets were higher in Asia Friday but are opening mixed in Europe on continued EU concerns (see the stock charts below). Commodities and equities were higher Thursday as the dollar crumbled against most major currencies.

While the Shanghai composite index (China) advanced only 0.35 percent, the Hang Seng (Hong Kong) and Nikkei 225 (Japan) were up over one percent Friday. The FTSE 100 (England) has opened higher while the CAC-40 (France) and DAX (Germany) were lower (see the world chart below for Thursday’s results).

Stock Market Today – SanDisk (SNDK) Slips while American Intl. Group (AIG) Gains – Gold Higher after Close

Images of SNDK and AIG

(Best Syndication News) Stock markets are opening lower in Asia Thursday after another sell-off in the United States (see stock charts below). Equities were lower Wednesday after a near-failed bond sale in Spain and a disappointing statement from the Federal Reserve.

Investors were optimistic there would be more quantitative easing (QE3) after statements made by Ben Bernanke last week. While the Fed Chairman didn’t say there would be another round of QE, the door was left open. The Federal Open Market Committee (FOMC) statement Tuesday was discouraging and didn’t hint there would be more easy money.

Stock Market News – Micron (MU) NIKE (NKE) DELL (DELL) and SanDisk (SNDK) Report

sndk and mu logos

(Best Syndication News) Stock markets are opening mixed in Asia Monday after an up-day in the United States Friday (see the stock charts below).

The Nikkei 225 (Japan) is 0.18 percent higher while the Shanghai composite (China) and the Hang Seng (Hong Kong) are down 0.24 percent and 0.04 percent respectively. Slower than expected manufacturing growth in China has raised concerns both domestically and in markets that supply the raw materials.

Many commodities had been lower, however on Friday gold, oil, and silver prices all advanced. April gold futures on the COMEX climbed nearly twenty dollars (1.21%) to $1,662.40 an ounce while May crude oil on the New York Mercantile Exchange (NYMEX) gained $1.50 (+1.44%) to $106.87 a barrel. Brent crude oil was up nearly two dollars (+1.62%) to $125.13 a barrel.

Stock Market Today – Research In Motion (RIMM) China Unicom (CHU) Suncor (SU) Report

su and rimm logos

(Best Syndication News) Stock markets in Europe are opening higher Tuesday morning after similar results on Monday (see stock charts below). There was very little enthusiasm on Wall Street ahead of the Federal Reserve’s Federal Open Market Committee Meeting on Tuesday.

The positive movement in equities is occurring despite an announcement this weekend that a China trade surplus has turned into a trade deficit. The Bank of Japan (BOJ) held their interest rates unchanged at a monetary policy meeting on Tuesday.

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