Friday, March 15, 2013

US Jobs Data Help Lift S&P 500 Closer to High, Swiss Commodities Traders Feel Singapore Heat

US Stocks firm as traders eye S&P record, Stocks hover just shy of cyclical highs as optimism over the US economy, along with central bank support, pushes Wall Street close to record levels

US Jobs data help lift S&P 500 closer to high, US equity markets boosted by better-than-expected jobless claims, sending the benchmark S&P 500 index closer to its all-time high

And then, Remember lessons of 2007 in rush for junk, While tumbling bond yields have sparked debate, what has received significantly less attention is the issue of maturity transformation

Aussie dollar volatile on strong jobs figures, Traders see the employment data as signalling that the Reserve Bank of Australia's will pause in its interest rate reduction cycle

Retail rally helps London indices, Wm Morrison move to license Ocado's online expertise energises stock in both companies, while Home Retail underlines importance of internet

Meanwhile, Swiss commodities traders feel Singapore heat, Asian city-state's, aggressive marketing and tax advantages, and the presence of leading commodity consumer China, may be giving it momentum

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