Breaking News

Yen scores gains as sentiment sours anew, U.S. treasury yields drop

News Date: 17/2/2016 01:34:25
Asian stock markets returned lower on Wednesday after vast gains scored at the beginning of this week, with investors getting nervous in particular after China's central bank lowered the yuan's midpoint a little bit today. Safe havens like yen made some small gains, while U.S. treasury bonds rose handily, leading yields lower amid renewed worries in the markets.

Additionally, Japan's core machinery orders rose just 4.2% m/m in December, lower than expectations of a 4.6% rise. Japan's Nikkei index dropped 1.40% to below the level of 16,000 again, while Australian shares gave up more than half a percentage point. South Korea's KOSPI dipped 0.23%, but China's Shanghai index bucked the losing trend, advancing 0.46%.

Yen made some noticeable gains, rising 0.30% against the dollar to trade at 113.77, while climbing by a similar percentage versus the struggling sterling to hover around 162.66, threatening to go below 160 like it did last week. Euro edged down 0.1% against the Japanese currency to 127.02.

U.S. treasury yields fell as investors pick up the ultra-safe bonds, with the two year bond yields tumbling 2.84% to 0.702, while five-year yields slid 2.23% to below two percent. Ten-year yields similarly gave up 1.82% to hover around 1.745.

Wall Street closed with big gains on Tuesday, with Dow Jones ending up 222 points, or 1.39% at 16,196. NASDAQ Composite drove 98 points higher, or 2.27% to 4,435, making it the biggest winner. S&P 500 added 30 points, or 1.65% to close at 1,895, a whisker away from the 1,900 level.

Oil prices were largely lower today as investors still digest a deal between Russia and Saudi Arabia to freeze production volumes at the January levels, provided other countries join forces with them. Brent crude futures fell five cents, or 0.14% to $32.13 a barrel, while U.S. crude futures shed 13 cents, or 0.46% to $28.90 a barrel.

An Array of data is awaited today, with Britain's unemployment rate expected to drop in December to 5.0% from 5.1% in November, which would be a multi-year, good news for the suffering sterling.

From the U.S, building permits are expected to have risen to an annualized 1.21 million in January, from December's 1.20M, which is largely good news for the economy and the greenback.

Latest news

Gold futures rose for December delivery according to the Asian session on Friday. As it increased by 0.47%, to be traded at the price of 1959.00 dollars per ounce, and it was previously traded at a
09-2020 18 06:02:31

Oil prices rose this morning, due to the halt in oil and gas production due to a hurricane in the United States of America, as the price of crude oil increased by approximately 1.5%, reaching 41.13 d
09-2020 16 06:30:20

We open the trading week with a rise in gold prices today, after it witnessed a decline in the last days of last week, as it is a safe haven for investors, especially when crises that negatively affe
09-2020 14 06:22:57

Gold prices experienced a remarkable decline at the beginning of the week after it concluded its Asian trading at a high, affected by the great rush of investors, if this morning the gold futures con
08-2020 31 08:11:31

We start today's events, Tuesday, by the rise in oil prices affected by the easing of precautionary measures to combat turquoise corona in the world. US West Texas crude futures are expected to decre
08-2020 26 04:51:45

More News