Breaking News

Dollar advances on falling jobless claims, Euro wobbles on flagging German exports

News Date: 8/10/2015 10:28:26

 German exports plunged in August by 5.2%, continuing a barrage of bad German economic reports. German DAX index shrugged the downfall nonetheless, rising 17 points, or 0.18%, as of 13:43 GMT.


Other main stock indexes posted mixed results; the French CAC 40 index was barely changed from its yesterday closing price, while the British FTSE 100 gained 24 points, or 0.38%, reaching 6,361.


U.S. stocks fell on Thursday, despite a jobless claims report showing claims near a 42-year low in last week, at 263,000, falling 13,000 from the previous week, and surprising forecasts of 274,000 new claims. The report highlighted consolidating employment market despite earlier reports showing falling hiring in September and August.


   The Dow Jones fell 22 points, or 0.13%, to 16,890. NASDAQ 100 also fell 22 points, or 0.47%, to 4,768. S&P 500 fell 6 points, or 0.29%, reaching 1,989.


The Euro lost some of its earlier gains after the disappointing German exports report, it was slightly up against the dollar on late Thursday, at 1.1246 after rising to 1.1314 earlier in the session. Against Sterling, it stood at 0.7364. Against the Yen it was barely changed from yesterday, hovering around 134.86.


The Dollar gained ground after the positive jobless claims report. Against Sterling it erased earlier losses, rising to 1.5274. It pared most of its losses for the day against the Yen, reaching 119.94. The dollar pushed back against big rises for commodity currencies the Australian and Canadian dollars. The Aussie fell to $0.7185 while the dollar advanced slightly against the loonie for the second day, fetching 1.3065.


Bank of England left its interest rate unchanged at 0.50% as expected, by an 8 to 1 vote.  


Crude oil recovered modestly on Thursday, shrugging off a more-than expected rise in U.S. inventories. U.S. oil rose 30 cents, reaching $48.32 a barrel. Brent oil, the global benchmark, rose 35 cents, hovering at $52.09 a barrel.


Spot gold fell eight dollars, or 0.71%, getting $1,141.97 an ounce. Silver lost 45 cents, or 2.77%, down to $15.66 an ounce.      



Latest news

Futures contracts for gold declined with European trading after it was high in the Asian session : with the beginning of today’s hours, futures contracts rose by 0.66%, to be traded at a price
09-2020 21 09:52:41

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

More News