Thursday, December 31, 2009

Stocks Remained Buoyant Globally

U.S. Dollar Trading (USD) initial Dollar weakness during the European session was reversed aggressively in the US session as Dollar buyers returned in force.

Stocks remained buoyant globally and this helped risk currencies such as the AUD outperform.

December CB Consumer Confidence jumped to 52.9 vs. 49.5 previously.

DJIA -1 points closing at 10545, S&P -1 points closing at 1126 and NASDAQ -2 points closing at 2288.

Looking ahead, December Chicago PMI forecast at 55 vs. 56.1 previously.

Also released, Weekly Crude Oil inventories forecast at -1.7 vs. -4.9 previously.

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