Breaking News

European shares hit a two-week high as oil muscles up

News Date: 18/2/2016 09:48:30
 
European shares registered some gains on Thursday, buoyed by shining oil prices after Iran welcomed a deal in Doha to cap production at the January levels. Doubts remain over the future of this deal however, and some don't believe that Iran would just abandon its plan for production increases after the lifting on international sanctions, but oil traders are taking their time to celebrate a little nonetheless.

Brent crude futures jumped more than 80 cents, or 2.43% to trade above the $35 level at $35.30 a barrel, while U.S. West Texas Intermediary (WTI) crude futures advanced 82 cents, or 2.61% to hover around $31.47 a barrel.

European shares marched on, with the pan-European FTSEurofirst index climbing to a two-week high at 1,303, up 0.64% on the day, while Germany's DAX added 111 points, or 1.16% to 9,485, vastly outperforming the wider European markets. On the contrary of that, Britain's FTSE index tumbled 0.80% to 5,981, on Brexit fears as worries mount over the kingdom's future in Europe.

Wall Street opened with mixed results, as the Dow Jones rose 12 points, or nearly 0.1%, supported by a rally in IBM shares, while NASDAQ Composite lost four points, or 0.1% to trade at 4,528. S&P 500 gave up three points, or 0.13% to hover around 1,924.

Precious metal prices extended their losses today as risk sentiment grew stronger in the markets, with gold futures sliding a dollar and a half, or 0.12% to $1,210 an ounce, while silver futures made larger losses, down four cents, or 0.33% to trade at $15.33 an ounce.

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News

Logs

Advertisements