| Log In | Register Now
The Greenback is still holding its gains across the broad after the disappointing release of June US consumers confidence survey could contain the market sentiment effecting negatively on the risk appetite. The figure came at just 49.3 and it was expected to get better to 57 after May jump to 54.9 from 44 in April which fueled the market optimism in the beginning of June but the collapse of June. Dow closed at 8447 losing 82 points after gaining in its first session this week by 1.08% after 2 consecutive weeks of losing after reaching this year high at 8875 on 11 st of last month from the index low on 9 th of last March when it reached 6469. By god's will, the market is expected to focus today on the release of US manufacturing index of June which is expected to be 44 from 42.8 in May. It is also important to watch the current recession impact on the US labor market in May when we have tomorrow the release of June US non-farm payroll which is expected to lose further 368k jobs and the US unemployment rate to increase to 9.6%. If we had further weaker performances of these important indicators, the market expectations of a halting unreliable recovery can increase weighing negatively on the equities market and the risk appetite adding further gains to the greenback.
No More Compromise on Birth Control, Obama Staff Chief Vows
Dad Shoots Laptop Video Goes Viral on YouTube After Daughter’s Facebook Rant [VIDEO]
Free Edition
TAKE A TOURWe value your privacy. Your email address will not be shared.
