Binary Options Daily Review – May 13, 2010
Stock Binary Options News
European shares surged on Monday behind outsize gains for financials, after European finance ministers and central bankers agreed a program designed to stop a crisis that started in Greece spreading through the rest of the region. The gains (FTSE and CAC40 indexes as much as 6%, Barclays jumped 11.2%), came after European finance ministers and central bankers agreed late Sunday on a new loan program that could top 750 billion euros ($970.6 billion), designed to keep the Greek debt crisis from spreading to other vulnerable European countries. The European Central Bank confirmed late Sunday that it will buy bonds in the secondary market to ensure liquidity for “dysfunctional” market segments.
The European Union’s massive funding to help defend vulnerable nations in the euro zone served to boost risk appetite that lifted most Asian stocks and currencies Monday. But while analysts described the move as just what the doctor prescribed to repair investor sentiment, some said worries about the ability of member European countries to slash their yawning fiscal deficits still remain.
Currency Binary Options News
The EURUSD surged against its major counterparts in early Asian trading Monday, after European finance ministers agreed late Sunday the rescue package aimed at containing damage from Greece’s debt woes. The EURJPY was up 2.7%. The EURUSD was trading as high as $1.30500, up from $1.2714 in late North American trading on Friday morning.
Commodities Binary Options News
Gold futures fell as far as $14 an ounce Monday in electronic trading on Globex afternoon in Asia, poised to give back Friday’s gain as news of a plan to prevent the spread of the Greek debt crisis dulled gold’s investment appeal. By the early Asian afternoon, Gold for June delivery was down $13, or 1.1%, to $1,197.40 an ounce on Globex, after touching an intraday low of $1,196.10 in electronic trading. rude-oil futures climbed more than 2% in electronic trading on Globex Monday afternoon in Asia, rebounding on the heels of a European plan to prevent the Greek debt crisis from spreading.
Crude Oil for June delivery, the most active contract, climbed $1.75, or 2.3%, to $76.86 a barrel on Globex after tapping an intraday high of $76.91 in electronic trading.
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