| Global Market Wrap-Up - February 13, 2012 |
February 13, 2012 - 8:12pm — mhanna
Stocks rose on Monday after Greece's parliament approved reforms Sunday needed to qualify for a new round of bailout funds. The S&P 500 gained 0.75% and NASDAQ 1%. There were no major economic reports released in the U.S.
In the commodities market crude oil gained 2.3% to $100.91, gold was fractionally down and silver gained 0.35% to $33.72
Britain's FTSE 100 was up 0.9% while Germany's DAX added 0.7% and France's CAC-40 added 0.3%.
Mark Hanna, known in the financial community as "TraderMark," provides his insightful daily market coverage in this column, exclusive to Euro Pacific Capital.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.
Monday, February 13, 2012
By:
Mark Hanna In the commodities market crude oil gained 2.3% to $100.91, gold was fractionally down and silver gained 0.35% to $33.72
Britain's FTSE 100 was up 0.9% while Germany's DAX added 0.7% and France's CAC-40 added 0.3%.
- Greek lawmakers backed cuts in wages, pensions and jobs as the price of a 130 billion euro ($170 billion) bailout by the European Union and International Monetary Fund.
- Eurozone finance ministers will meet Wednesday to discuss progress in making Greece's debt talks, though the approval of the euro130 billion ($170 billion) bailout package is not expected before early March.
- Japan's economy shrank at an annual pace of 2.3% in the fourth quarter as manufacturers were battered by the strong yen, flooding in Thailand and weak export demand amid the European debt crisis.
Mark Hanna, known in the financial community as "TraderMark," provides his insightful daily market coverage in this column, exclusive to Euro Pacific Capital.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Please feel free to repost with proper attribution and all links included.
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