Major averages rose yesterday on mixed volume.
Bank of Japan Governor Haruhiko Kuroda said that more easing is possible, but chances for another rate cut are low. Bank of Japan and the European Central Bank remain the two major central banks which have given some indication of no more further interest rate reductions, and even eventually leveling off and possibly reigning in their respective quantitative easing programs.
FCX gapped down yesterday on news that it failed to reach an agreement on exporting copper from Indonesia.The stock has now violated its 50-day moving average.
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