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Markets close flat as they look towards Non Farm Payrolls $AA:xnys
Last Updated on Monday, 05 March 2012 14:46
- US markets ended the session relatively flat with two of the three major US indexes edging slightly higher. Markets are now looking towards the US Non Farm Payrolls tonight and the continuing Greek debt negotiations with rumours of an imminent deal unfounded
- Leading into the Non Farms data, Weekly Jobless Claims fell 12k to a seasonally adjusted 367k jobs according to the Labor Department
- Fed Chairman Ben Bernanke warned that rising federal budget deficits are posing a significant threat to economy if they are not brought under control
- Earnings season continued with Merck falling 1.11% due to a weaker sales report. Dow Chemical also fell 1.56% due to higher tax charges
- Leading the moves on the Dow was AA and BAC up 2.2% and 1.2%
- DOW –0.07%, S&P500 0.11% and NASDAQ 0.40%
- EUR fell as the Greek debt situation continues, AUD is above 1.0700
- Gold rose on Bernanke comments, Crude fell to six week lows
Published by Spectrum Live Pty Ltd | www.spectrumlive.com
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