Financial Markets Today - By Winoptions.com - Tue, July 10, 2012

[fxwdnet]

It is our pleasure to present you with daily analysis and a list of important events in the week to come.


U.S. Markets
U.S Markets were closed lower yesterday.
Alcoa report for the second quarter has surpassed analysts estimations, and opened the report season.
Although many companies have managed to surpass analysts' forecasts in the first quarter, the prevailing opinion is that the aggregated profit of Wall Street companies will shrink by 2% on the second quarter.
Dow Jones index futures points to a lower opening.
Yesterday, The Dow Jones index was closing at 12,736 -0.28%, the S&P 500 index was closing at 1,352 -0.16% and the NASDAQ index was closing at 2,931 -0.19%.



European Markets
European Markets were closed lower yesterday.
Finance ministers of the euro zone met yesterday to lay the groundwork for the establishment of a central agency to oversee the 25 largest banks in the EU.
The EU Finance ministers will also discuss the rescue package granted to Spain a few weeks ago and Cyprus request for extraction.
Yesterday, The FTSE 100 index was closing at 5,627 -0.62%, the German DAX was closing at 6,387 -0.35% and the France CAC was closing at 3,156 -0.38%.

Asian Markets
Asian Markets were closed substantially lower yesterday.
China's consumer price index fell to a 29-month low of 2.2 percent in June from 3 percent in May.
Yesterday, The SSE Composite Index In China was closing at 2,170 -2.37% while the Hang Seng Index in Hong Kong was closing at 19,428 -1.88%, and the Nikkei 225 Index in Japan was closing at 8,896 -1.37%.

Commodities & Foreign Exchange
The U.S Dollar Index is higher, currently traded around 83.18 on a lower Euro.
Crude NYMEX is up by 1.56%, currently traded around $85.76.
Gold prices are up by 0.63%, the precious metal is currently traded around $1,588, Spot Silver is currently traded around $27.38.

As always, we wish you a successful trading week - and look forward to serving all your trading needs.
Sincerely,

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