Financial Markets Close

Posted on September 12, 2012, 6:45 pm
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Equities:
DJIA: 13,333 (+0.07%)
S&P500: 1,437 (+0.21%)
Nasdaq: 3,114 (+0.32%)
EuroStoxx: +0.28%
Nikkei: 1.73%
Hang Seng: 1.10%

Equities rise on the German court ratifying the bailout fund. France wants Spain to snub German concerns and request help from the European Union to contain the crisis. This also led to the Markit iTraxx Crossover index to drop 11bp to 491, the lowest since August 2011.

Apple introduced the new iPhone 5, causing shares to gain 1.4% to $669.79 after an initial sell-off earlier in the day.  The product aims to increase the company’s share in the $219.1 billion smartphone market. The phone offers a tighter integration with Facebook, leading to the latter to post a record 7.7% gain.

Credit:
iBoxx IG: 119.78 (-0.2%)
iBoxx HY: 93.29 (+0.3%)
CDX IG S18 5Y: 90.85 (-3.1%)
CDX HY S18 5Y: 100.74 (+0.5%)

Commodities:
WTI Crude: 96.86 (-0.32%)
Nat Gas: +2.31%
Copper: +0.81%
Corn: -1.06%

FX:
EURUSD: 1.29 (+0.03%)
DXY Dollar Index: 79.7 (-0.19%)

Euro climbs to a four month high on the German court ratification.

Rates:
U.S. 10y: 1.76% (+3bp)
German 10y: 1.62% (+7bp)
Spanish 10y: 5.63% (-7bp)
Italian 10y: 5.02% (-5bp)

U.S. 10 year yields rise as the U.S. sold $21 billion of debt and investors bet that the Federal Reserve will add more stimulus at the conclusion of the two-day meeting tomorrow.

 

Jonas Bronck is the pseudonym under which we publish and manage the content and operations of The Bronx Daily.™ / Bronx.com - the largest daily news publication in the borough of "the" Bronx with over 1.5 million annual readers. Publishing under the alias Jonas Bronck is our humble way of paying tribute to the person, whose name lives on in the name of our beloved borough.