Wednesday, May 15, 2013

Market Update from Richard L Nunes

May 15, 2013 News
DXY- 83.890 +.295
EUR- 1.2865 -.0056
TYM3 131-17 -.05
RXM3 144.49 -.25 (Bunds)
SPM3 1647.80 -.2
VGM3 2792.00 +15.00 (Euro Stoxx)
CLM3 93.46 -.76 (WTI)
COM3 102.53 -.09 (Brent)
XAU 1409.29 -16.18

Asian equities were mostly higher with the regional MSCI Asia Pacific Index up 0.8%. The Nikkei was up 2.3% on the weak Yen. The Hang Seng was up 0.5% and the Shanghai Composite rose 0.4%. The Kospi was up 0.1%. The Indian Sensex was up 2.5% after the Reserve Bank of India highlighted the possibility of further monetary policy easing on softer inflation.
European equities are trading 0.5% higher in the aggregate. S&P futures point to a flat open.
Treasuries are rallying across the curve, with 10-year and 30-year yields down 1bp to 1.97% and 3.18%, respectively. UK gilts are up 3bp to 1.92%, and both German bunds and Spanish 10-year yields have risen 2bp to 1.39% and 4.35%, respectively. Italian 10-year yields are unchanged at 4.01%.

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