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Equities
Asian markets fell for a second day. InJapan, the Nikkei fell 1.3%, ofToyota s forward earnings. After closing, 32% Toyotareported a steep drop in profits and retracted his annual weather due to flooding inThailand. Olympusfell 29%, the daily limit, after admitting he had defrauded investors to cover losses.
The Kospi fell. 8 percent, weighed down by Hynix Semiconductor's 4.6% loss. Australia's ASX 200 managed to buck the trend, gaining. 5%. China's Shanghai Composite eased. 2 percent and the Hang Seng finished dishes, handing early gains.
In Europe, major indices rallied. CAC40 advanced 1.3%, the FTSE climbed 1% and the DAX rose. 6%. InItaly, the Government narrowly approved a package of budget, but with a very narrow margin. In the course of the day, Prime Minister Berlusconi announced he will resign, a move long-awaited.
U.s. markets have continued to rise, in a broad rally that lifted all major sectors of the S & P. The Dow closed up 102 points to 12170, while the Nasdaq and S & P 500 rallied 1.2%.
Priceline shares jumped 8.6% after reporting strong profits. Amylin Pharmaceuticals fell 11% after announcing the end of the collaboration with Eli Lilly.
Treasuries and commodities
Bond prices eased, reversing Monday's gains. Note 10 years closed 11/32 to yield 2.08%, and 30 year Notes fell to 3.13% 24/32.
An auction of 32 billion dollars in notes 3 years had a high yield. 379% and offered to cover 3.41. On Wednesday, the Treasury will auction 24 billion dollars in bills of 10 years.
Raw settled mostly higher. Crude oil gained 1.5% 96.96, its highest close in 3 months. Natural Gas closed up 1.7% to 3,759, while gasoline slipped. 4 percent to 2.7179.
Flock climbs to its highest level since August
Metals traded mixed, with gold down 5.90 to 1785.20, while the silver rose. 4% and copper gained. 6%.
Agrarian was mixed as well. Wheat jumped 2.9% and sugar rose to 2.3%, while coffee fell 1.5%.
Currencies
The dollar traded lower against the major currencies. The Euro and the Yen has risen. 5 percent and the Swiss franc has earned. 6 percent to 1.1171. The pound sterling edged up. 2% to 1.6089, and the Canadian dollar increased. 4 percent to 1.0093.
Economic prospects
The index of small business optimism that has risen to 40.6 from 40.3, but was below expectations.
Economic reports Wednesday s include wholesale, weekly mortgage applications and weekly oil inventories.
Earnings are due by GM, HSBC, Macy 's, Cisco and Anheuser Busch.
Binary Options Trading analysis written by Bradley Welcher
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