Equities & Treasuries:
The Nikkei 225 gained 1.01% as it hit another high for the year at 11,097.14. In Europe, the FTSE 100 closed down 38.34 points and the ESTX 50 gave up a quarter percent as investors are jittery over Greece’s continued economic situation. On Wall Street, better than expected economic prints prompted a minor rally as the DJIA looks to make a new high for the year at 10,907.42. The 10yr Treasury yield spiked on the Home Prices report which showed an unexpected minor tick up. Consumer Confidence also came in higher than expected.
Gold experienced a mild sell off as Gold lost more than $6 an ounce. It finished the day at 1,103.60, just below the 50 day Moving Average. Oil was flat on the day picking up 20 cents a barrel to finish the U.S session at 82.37. The recently volatile Copper fell on profit taking.
Following a dismal day on Monday the Dollar firmed. The DXY managed to add .12 points to close at 81.47. The Dollar initially headed lower but a better then expected print in Consumer Confidence coupled with the Case Schiller Home Price Report showing an up-tick in housing prices allowed the Greenback to reverse some of its losses.
Australian Retail Sales printed earlier this morning. It came in a dismal -1.4% versus expectations of a .3% gain. The AUD tumbled on the news falling below 91.45. In the Euro-zone later today, German Change in Unemployment will print. In Canada, GDP MoM will be released. In the U.S, traders will get a good look at Manufacturing Data with the Chicago Purchasing Managers Report, U.S Factory Orders, and NAPM-Milwaukee. Lastly, the ADP Change in Employment will print. This number will be widely watched by traders ahead of the U.S Unemployment Rate on Friday.
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