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Market Update
The markets were very mixed today with the European Markets closing negative and the US markets making a last minute rebound and closing positive in the end.
There was a lot of pressure today due to weak earnings performance from the US, but at the end Apple saved the day.
Commodities were negative throughout the day, but Gold and Silver showing some strengths on expectations of Wednesday’s FED meeting.
We don’t expect any big news from the next FED meeting, but Gold and Silver had a rebound coming. We might get some direction at the end of the week with the US Presidential coming closer.
Talking about it, tonight is the last Presidential debate which will focus on foreign policy and the opponents will use this chance to shoot their last bullets, before the election in two weeks.
Enjoy the following links:
- U.S. Stocks Erase Losses as Apple Leads Technology Rally
- Chinese Gold Imports Through August Surpass Total ECB Holdings, Imports From Australia Surge 900%
- ADM Offers A$2.7 Billion for GrainCorp to Tap Asian Demand
- German auditors urge controlling gold reserves
- Rosneft Buys BP’s TNK-BP Stake for $26 Billion in Cash, Shares
2012-10-22 16:01:51
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