Breaking News

Asian stocks rise on positive U.S. data; Euro stabilizes.

News Date: 16/10/2015 02:07:21
Update Date: 16/10/2015 02:20:36
 

 Asian stocks rose on Friday as positive U.S. data raised hopes that the world's number one economy is growing strongly. Japan's Nikkei rose 1.5%. China's Shanghai index rose 0.60%. Australia's S&P\ASX 200 index rose 0.73%. Other indexes bucked the trend however, with India's Nifty index falling 0.10%, Korea's KOSPI falling 0.13%.

 

U.S. stocks ended Thursday on a high note, as data showed unemployment claims falling to a 42-year low, also core CPI was up 0.2%, beating forecasts of a 0.1% rise. Dow Jones ended 1.28% higher. S&P 500 ended up 1.49%. NASDAQ was the biggest gainer with a 1.82% rise.

 

Dollar recovered strongly after the data. On Friday the Dollar index (DXY) was still up at 94.50. It was flat against Euro at 1.1386 after a big rally yesterday. Against Sterling it tapered some of its gains, trading at 1.5470. It's up against Yen for the second day, rising 0.28% on Friday to 119.17.

 

Euro stabilized after big losses yesterday. It's nearly flat against Sterling at 0.7357. Against Yen it rose to 135.61.

 

U.S. oil futures rose on Thursday on the back of the strong U.S. economic data, with December futures ending up 54 cents, or 1.15% to $47.41 a barrel. Brent futures rose 0.95% to $50.20 a barrel.

 

Spot gold is down 11 dollars, or 0.92% to $1,176 an ounce. Silver fell 13 cents, or 0.83% to $16.03 an ounce.

 

A raft of indicators will be released today, most notably the final CPI for the Eurozone in September, expected to stay at -0.1%. Falling short of expectations would pressure ECB to expand its stimulus, which would push Euro down.

 

Also for the Euro, the trade balance report for August is coming out, forecast to have a surplus of 22.2B, down from 22.4B in July. A higher number would raise Euro, and vice versa.

 

From Canada, manufacturing sales data for August are released today, forecast to have fallen a sharp 0.8% m\m, from July's 1.7 rise. A lower fall would delight Canadian dollar traders and rally it.

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