Friday, December 28, 2012

US Stocks Lower Amid Fiscal Cliff Uncertainty, London’s Index Holds Above 5,965.58 as Strong Metals Prices

Good days friends, US equities lower amid cliff uncertainty, US equities opened lower in spite of positive jobless claims numbers as uncertainty continued to surround the economic outlook for the US next year

Japanese Yen hits two-year low on borrowing plans, The yen remains under pressure, falling to a two-year low against the dollar, after Japan's new finance minister signals a rise in borrowing

Meanwhile, Italy's two-year borrowing costs fall, Italy successfully auctions €11.75bn of government debt, hitting the top end of its target range even amid increasing political uncertainty

From FTSE stocks update, Miners lift FTSE over best 2012 close, London's main index holds above 5,965.58 as strong metals prices help the mood and traders bet that US budget talks will work

From Eurozone stocks news, Resource stocks boost European indices, Resource stocks across Europe are boosted amid hopes that an improvement in demand in 2013 will drive another cycle of higher commodity prices

Commodities Iron ore prices hit eight-month high, Recent rally in prices prompts Fortescue to resume A$9bn expansion plan to triple its production capacity to 155m tonnes by the end of next year

Back to Tokyo, Exporters lead jump in Japanese shares, Nikkei climbs as yen hits 27-month low on prospect of more monetary easing, but other Asia equity markets are hobbled by US budget worries

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