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European, U.S. shares fall, Euro recovers as bank lending grows

News Date: 20/10/2015 10:00:07
 

 European shares fell on Tuesday as investors still grapple with weak Chinese growth and falling metal prices. Britain's FTSE 100 fell 22 points, or 0.36% to 6,329. Germany's DAX fell 32 points, or 0.32% to 10,131. France's CAC 40 slid the most, with a 44 points fall, or 0.94% to 4,659.

 

U.S. stocks followed suit, with Dow Jones falling 76 points, or 0.46% to 17,154. NASDAQ fell 16 points, or 0.33% to 4,889. S&P 500 fell 5.5 points, or 0.28% to 2,027.

 

Euro recovered some grounds after heavy losses in the last sessions, after a bank lending survey released by ECD showed lending in the economy at a healthy pace, raising doubts about whether it'll ease policy further in its next meeting on Thursday.

 

Euro rose against dollar to 1.1355 after falling for three consecutive sessions. Against Sterling it rose to 0.7335 after hitting a three-week trough yesterday. It rose to a five-day high against Yen to 135.97.

 

Yen extended its slide against the dollar for the fourth session, falling to 119.77. Against Sterling it hit a fresh 4-week low at 185.40.

 

Oil took divergent routs on Tuesday, with Brent crude futures falling 14 cents, or 0.31% to $48.50 a barrel. U.S. oil futures rose 9 cents, or 0.18% to $46.36 a barrel, as U.S. traders hope a continuing unwinding of oil rigs will cut supply from the market.

 

Spot gold rose 4 dollars, or 0.34% to $1,177 an ounce. Silver rose six cents, or 0.39% to $15.89 an ounce.   

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