Asian Markets are set to open the trading day lower as European and US stocks fell as investors become nervous. Italian Bond yields continue to rise, with the markets questioning whether the country can implement austerity measures.
European markets were initially up as much as 0.5% on the first trading day after the resignation of Silvio Berlusconi, however markets were unable to hold onto those gains and gradually faded as the trading day wore on.
The Dow lost 74.40 or 0.61% points to close the session at 12078.98.
The EURUSD dropped below 1.36 on the back of investors worrying over the issues in Europe. The fall in the Euro was added by German Chancellor Angela Merkel’s CDU party voting in favour of countries to voluntary exit from the euro. The Euro Last Traded at 1.3634
WTI Oil started the week lower falling 0.9% or 85 cents to close the session at $98.14. The weakness in crude prices came as stock markets sold off. Nymex Forward futures last traded at $98.05
Gold fell slightly as the US dollar rose against most currencies. Prices fell $6.60 or 0.37% to close the session at $1781.50. Gold last traded at 1781.60
INDICES
Last Traded
SPI 200 future 4291
S&P500 Index 1251.78
Dow Jones 12078.98
FTSE 100 Index 5509.14
COMMODITIES
Last Traded
Gold 1781.60
Oil (Nymex) 98.05
CURRENCIES
Last Traded
AUDUSD 1.0209
EURUSD 1.3634
GBPUSD 1.5914
USDJPY 77.09
Source
Bloomberg, Dow Jones News