Futures
Gold edges up encouraging consumer confidence
Gold futures on the New York Merc ended a bit higher Tuesday as stock markets continued to rise on Bullish consumer confidence, Silver and Platinum slid South.
The most active Gold contract for February delivery gained US$2.60, or 0.2%, to finish at US$1,098.30 oz.
The US dollar climbed sharply overnight after a some of negative economic events [...]
Early Premarket
Europe and U.S. stock-index futures fell and Asian shares retreated as Japan’s economy failed to grow as much as expected, while falling metals and oil prices lowered the earnings outlook for many commodities producers.
BHP, the world’s largest mining company, retreated 3 percent in Australia as copper prices fell.
Futures of the Euro Stoxx 50 Index sank 0.5 percent at 7:26 a.m. in London. The [...]
Today’s Premarket Round Up, Futures Flat
After being down early USA futures have recovered after news that the cost of living in the U.S. was unchanged in July, underscoring the Federal Reserve’s view that inflation will be contained.
The worst consumer-spending slump since 1980 has curbed pricing power as companies boost incentives to trim inventories. The lack of inflation will give the Federal [...]
The Sell in May strategy failed this year as MSCI world rallies + 19%
Investors who followed the Wall Street addage to “sell in May and go away” have missed out on the biggest gains in at 40 + yrs.
The MSCI World Index climbed 19% from May 1 through yesterday, the steepest advance for that period in the 23 country measure’s history stretching back to 1970.
“If you had sold [...]
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