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Markets Bounce after Friday’s Sell off

U.S. Dollar Trading (USD)

U.S. Dollar Trading (USD) bargain hunting began in Asia with stocks staging a modest rally around the globe. US Company Earnings were quite positive but after the bell IBM released results that missed expectations and US futures turn negative. In US stocks, DJIA +56 points closing at 10154, S&P +6 points closing at 1071 and NASDAQ +19 points closing at 2198. Looking ahead, June Housing Starts forecast at 0.57mn and Building Permits forecast at 0.58mn.

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