Forex – Commodities – Stocks: Headlines of The Day

BinaryOptionsNow | Published on August 23, 2011 at 7:40 am

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Here are the main headlines of the day about the Forex, Commodities and Stock markets:


  • American Equities gave up early gains on Monday to finish the session largely unchanged.
    The S&P closed marginally higher as gains in technology shares were
    overshadowed by lower financials. This morning, most Asian shares trade in positive
  • China’s Flash Manufacturing PMI rised from 49.3 to 49.8 this month, but left
    the index a touch below the 50-mark, implying that the Chinese industrial sector is
    certainly going to sluggish for a second consecutive month.
  • Libyan rebels’ conquest of most parts of Tripoli underlined a major advance
    for revolutionary movements in the Middle East, but rebels still face resistance.
  • Japan’s government decided yesterday to ask ministers to cut discretionary
    spending in the fiscal 2012 budget by 10% form the current year’s level in order to prevent
    public finances from worsening and meet targets for overall spending and new
    debt issuance.
  • Rating agency Standard & Poor’s said its president is stepping down, capping
    two weeks of controversy following the rating agency’s downgrade of US government
    debt on August 5.
  • Gold prices soared to a new all-time high above $1900/ounce this morning due to
    persistent worries about global economic growth. Crude oil prices rose this morning
    as fighting in Libya continued.
  • Today, the economic calendar contains the euro zone PMI’s, the German ZEW survey,
    the European Commission’s consumer confidence, the Richmond Fed manufacturing
    survey and US new home sales.

Source: KBC


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