MF Global Daily Report - 2011/10/11 Base Metals

Oct. 12 (MF Global) -- This market comment was written at 6:50 a.m. on October 11th, US east coast time...

Metals rose yesterday, but the advance was not as convincing as what we saw in other markets, particularly in US equities, where the Dow tacked on 329 points, while the S&P and NASDAQ each finished the day with a 3.5% advance. Oil gained almost $3 a barrel, while the Euro had one of its best sessions in recent weeks, ending up almost $.03 higher at one point against the dollar to almost reach $1.37.