Markets Facing Low Volume Trading During Last Week In 2011

The year 2011 is coming to an end, and markets are facing low volume trading, noting that many markets are closed today including UK and Australia, but the US data that came out today showed that the US economy improved lately.

While eyes still focused on Italian bond’s sales, as their results are expected to come out later on this week which could make movement in markets, yet the European and American stocks managed to rise after the better than expected US confidence.

In Europe DAX jumped nearly 0.3% while CAC 40 rose by 0.2%, on the other hand, the euro inclined slightly trading around the 1.3071 level compared with the opening level today of 1.3054, while the pound rose to trade around 1.5661 level.

The yen is trading around the 77.82 level. The AUD declined trading around the 1.0156 level. The CHF is dropped slightly trading around 0.9341 levels, on the other hand, the USD declined trading around the 79.80 level.

As low volume trading spread the markets, gold dropped trading around the $1595.54 level from the opening at $1606.95, while oil is trading around the $101.14 per barrel level.