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US bonds tighten marginally reduce on Monday

Nasdaq Composite outperforms via a session

U.S. bonds finished Jun and a second entertain higher, even as a broader marketplace sealed marginally reduce on Monday, 30 Jun 2014. The batch marketplace finished a second entertain on a resigned note with a vital averages finale nearby their prosaic lines. The Nasdaq Composite outperformed via a session, while a SP 500 surrendered a slim benefit into a close. The SP 500 available a fifth uninterrupted month of gains and a biggest second-quarter benefit given 2009.

On Monday, a Dow Jones Industrial Average strew 25.24 points, or 0.2%, to 16,825.96, though gained 1.9% over a past month and 2.2% over a past quarter. The Nasdaq Composite defied a trend and finished a day 10.25 points, or 0.2%, aloft during 4,408.18. The tech-heavy index gained 3.9% in Jun and 5% over a past quarter. The SP 500 sealed reduction than a indicate reduce during 1,960.19, gaining 3.9% over a month and 5% over a quarter.

For a initial half of 2014, a SP 500 available a 6.1% rise, a Dow industrials rose 1.5%, and a Nasdaq gained 5.5%. Five of 10 sectors posted gains with this year’s leaderutilitiessetting a pace.

On Monday, 6 cyclical groups finished on a churned note. Consumer discretionary, energy, financials, and industrials lagged, while record and materials hold gains via a day.

This week will be condensed by a Fourth of Jul holiday on Friday, that means closely watched U.S. jobs information for Jun will be expelled on Thursday. Market is looking for a further of 215,000 nonfarm-payrolls jobs and no change in a stagnation rate of 6.3%.

There was some-more downbeat mercantile information from a European Union expelled on Monday. EU acceleration was unvaried in Jun from May, during 0.5% on an annual basis. The figure was in line with forecasts and remained during a four-year low. The European Central Bank wants to see an annual acceleration rate of around 2%. The same news showed bank lending in a EU fell again, as it has finished for 25 months in a row.

The marketplace place is available critical mercantile information from China, as a purchasing managers index (PMI) is due out on Tuesday. On Monday China housing prices were reported down in June. This is nonetheless another pointer of a negligence rate of expansion in China’s still-booming economy.

U.S. mercantile information due for recover on Monday enclosed a ISM Chicago business survey, tentative home sales, and a Texas production opinion survey. None of that

Manufacturing activity decelerated in a Chicago segment as a Chicago PMI fell to 62.6 in Jun from 65.5 in May. The accord approaching a index to tumble to 61.0
The Chicago PMI has exceeded 60.0 for 3 uninterrupted months. Production strengthened in Jun as a associated index increasing to 70.1 from 64.4 on clever levels of backlogs. New orders expansion faded in Jun as a associated index fell to 65.1 from 70.2. Backlog levels forsaken to 55.4 from 61.4. The Employment Index increasing to 58.4 from 54.6. Pending home sales for May rose 6.1%, that was improved than a 1.5% boost foresee by a consensus. The reading followed final month’s revised boost of 0.5% (from 0.4%)

It was churned finish for bullions on Monday, 30 Jun 2014. Gold futures on Monday staid with their biggest monthly benefit given February, as traders awaited a market’s subsequent expected catalysts, that will expected come in a form of monthly U.S. practice information and a European Central Bank assembly after this week. Silver prices dropped.

Gold for Aug smoothness tacked on $2, or 0.2%, for a event to settle during $1,322 an unit on a Comex multiplication of a New York Mercantile Exchange. Prices saw gains of around 6.1% for a month and 3% for a quarter.

Sep china fell scarcely 8 cents, or 0.4%, to settle during $21.06 an unit following a benefit of around 0.6% final week. For a month, prices were adult scarcely 13% for a month and logged a quarterly benefit of 6.6%.

Crude Oil futures forsaken on Monday, 30 Jun 2014 on flourishing certainty Iraq’s oil exports will sojourn insulated from a turmoil, though prices still logged large gains for a month and quarter. Natural-gas prices, meanwhile, gained to prune behind some of their monthly detriment as traders watched a charge complement building nearby Florida for any intensity disruptions to Gulf of Mexico appetite output.

Brent wanton took a biggest strike for a session, with a Aug agreement on a ICE Futures sell descending 94 cents, or 0.8%, to $112.36 a barrel. Brent wanton saw benefit of around 2.7% for a month, formed on a most-active contracts. For a quarter, it finished 4.3% higher.

Tomorrow, a ISM Index for Jun (consensus 55.8) and May Construction Spending (0.4%) will be reported during 10:00 ET, while automobile and lorry makers will be stating their Jun sales via a day.

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Article source: http://www.business-standard.com/article/news-cm/us-stocks-close-marginally-lower-on-monday-114070100321_1.html

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