Binary Options Daily Review August 18, 2010
Stocks:
U.S. stocks rallied Tuesday, with the Dow Jones Industrial Average ending a five-session losing streak and rising 103.84 points, or 1%, to end at 10,405.85.
BHP in the news
Potash Corp. of Saskatchewan Inc.’s rejection of suitor BHP Billiton Ltd. unleashed a rally among agricultural companies and retailing giant Wal-Mart Stores Inc.’s earnings topped estimates.
Currencies:
The U.S. dollar declined against the euro on Tuesday, with the euro finding support after an auction of Irish government debt garnered solid demand. The euro rose to $1.2887, up from $1.2813 in late North American trading on Monday. Last week, the euro fell to a three-week low.
Commodities:
Thanks in part to a weaker dollar, Gold futures closed higher Tuesday, to end at a six-week high. Gold for December delivery ended the New York floor session up $2.1, or 0.2%, to $1,228.3 an ounce on the Comex division of the New York Mercantile Exchange.
The euro bounce had a great affect on Oil futures. Crude-oil futures on Tuesday rebounded from five-week lows to break a six-session losing streak, lifted by a weaker U.S. dollar and rising stocks. Crude for September delivery gained 53 cents, or 0.7%, to settle at $75.77 a barrel on the New York Mercantile Exchange.
