Breaking News

China's data, weak earnings drag U.S. and European shares down

News Date: 19/10/2015 10:08:19
 

 Mineral companies pulled European indexes down after Chinese GDP date showed weak growth and faltering manufacturing momentum. Britain's FTSE 100 fell 32 points, or 0.51% to 6,345. France's CAC 40 fell 10 points, or 0.22% to 4,692. Germany's DAX bucked the trend, rising 0.35% to 10,139.

 

U.S. indexes opened lower as U.S. companies' earnings disappointed.  Dow Jones was down 76 points, or 0.44% to 17,139. NASDAQ fell 18 points, or 0.37% to 4,868. S&P 500 fell 9 points, or 0.45% to 2,024.

 

Crude oil fell sharply on Monday on the back of the Chinese date. Brent oil futures for December fell $1.34, or 2.68% to $49.10 a barrel. U.S. oil futures fell $1.18, or 2.47% to $46.54 a barrel.

 

Dollar rose against a basket of major currencies, with the Dollar index (DXY) gaining 0.11% to 94.79. Dollar rose for the third session against Euro to 1.1327. It was flat against Yen at 119.38. It fell against Sterling to 1.5480.

 

Sterling rose to a four-week high against Yen to 184.86. It made gains against Euro for the fourth session, touching a three-week high at 0.7315.

 

Commodity-linked currencies took a hit after China's data, with Canadian Dollar falling for the second session against U.S. Dollar to 1.2969. Australian Dollar gave up all of its early gains today, trading flat at 0.7255.

 

Spot gold fell $7.90, or 0.67% to $1,175.60 an ounce. Silver fell 22 cents, or 1.38% to $15.88 an ounce.    

Latest news

Advertising sources reported that the number of confirmed cases of Covid virus 19 reached 12 million and 800 thousand cases, as the largest number of infections was recorded with a total of 839,850 c
07-2020 13 03:43:07

On Friday, oil prices continued to harvest more losses, retreating to the lowest levels, with the high rate of coronavirus infections in the United States of America, and due to fears of isolation an
07-2020 10 06:16:09

Oil prices fell today, Wednesday, after the increase in crude inventories, which increases the fears of supply. Therefore, it is expected that US crude production will decline by 600 thousand barrels
07-2020 08 08:20:53

Corona virus infection in the United States of America reached its maximum, reaching two million, 840 thousand and 906 cases, according to the Centers for Disease Control yesterday, after it recorded
07-2020 06 00:36:17

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as
07-2020 03 00:34:55

More News

Logs

Advertisements