Bobbys Corner-Open Market-Nov.11.2009
Good Morning:
Today is Veteran’s Day in the US, and most US banks and Government offices are closed.
The USD took another beating overnight as speculation mounts that the FED will not raise interest rates any time soon. GBP also dropped, and Iceland’s krona lost ground after Moody’s lowered the nations credit rating to the lowest investment grade.
World wide equity markets rose, and US Futures are looking positive for this morning’s opening.
Gold set a record of $1117.+ /oz.
Bloomberg Professional Global Confidence Index dropped as signs by central banks to ease their stimulus policies may be perceived as too soon. Questions regarding the strength of this recovery are becoming a concern throughout the marketplace.
Oil:$ 79.55 Gold:$1116.90
HAVE A GREAT DAY & GOOD LUCK
Loading ...
No Responses to “Bobbys Corner-Open Market-Nov.11.2009”
Add a comment