World Headlines 2009-10-01

RQ Cross Box: 2009-10-01

Global markets trade lower after it seemed like we would get some gains according to US equity futures in premarket trading. Markets took a plunge after the open and were pushed further down after the release of Chicago PMI. Commodities are trading higher on a weaker US dollar. Gold is up considerably, leading metals higher and testing resistance from the previous uptrend. In the currency markets, the Australian dollar is hitting fresh 2009 highs along with the Canadian dollar trading significantly higher. The US dollar is lower against the major currencies as it has seen a dramatic sell off so far today. European currencies gave back much of their gains in NY afternoon trading.

World Headlines 2009-10-01

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