1203 GMT [Dow Jones] EUROPEAN SUMMARY: German bund futures moved into positive territory ahead of the US open, recouping earlier weakness. The June contract traded at 122.59 at 1150 GMT, up from 122.53 at the end of last week and well above the day's 122.36 low. However, in the cash market, the 10-year benchmark bund traded at 104.69, down from 104.76, to yield 3.177%. Earlier, euro-zone April manufacturing PMI data recorded a rise to 36.8 from 33.9 in March. The index was expected at 36.7. Over in the foreign exchanges, EUR/USD eased to 1.3238 from 1.3275 late Friday and the dollar also firmed against the yen, with USD/JPY rising to 99.34 from 99.11. GBP/USD slipped to 1.4860 from 1.4923. In the stock markets, the DAX in Frankfurt gained 1.4% and the CAC-40 in Paris 0.8%; Fiat shares, +7%, on news it may spin off its car business from the rest of its operations and merge it with General Motors' German unit Opel. June Nymex crude futures were a few cents weaker; gold was a touch firmer. The London markets were closed for a public holiday. (MEX)
Contact us in London. +44-20-7842-9464
Markettalk.eu@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=fv3U%2FvqUAbA3cugysnnPCQ%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
May 04, 2009 08:03 ET (12:03 GMT) |
