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U.S. and Europeans shares edge up, oil slides upon Iran's supreme leader nuclear decision.

News Date: 21/10/2015 10:23:06
Update Date: 21/10/2015 10:46:58
 

Europeans shares rose on Wednesday as third quarter results for a host of key companies beat expectations. Britain's FTSE 100 rose 6 points, or 0.10% to 6,350. France's CAC 40 rose 22 points, or 0.48% to 4,696. Germany's DAX was the biggest gainer with a 90 points rise, or 0.87% to 10,235.

 

U.S. indexes rose in tandem, with Dow Jones gaining 40 points, or 0.25% to 17,260. S&P 500 rose 3 points, or 0.14% to 2,033. NASDAQ rose 12 points, or 0.24% to 4,892.

 

Oil lost heavily on Wednesday as traders believe an expected future drop in U.S. production will be more than offset with new Iranian oil due after its nuclear deal implementation. Iran's supreme leader Khamenei gave his approval to the deal today. Brent crude futures for December fell 70 cents, or 1.40% to $48.02 a barrel. U.S. crude futures fell 89 cents, or 1.92% to $45.40 a barrel.

 

Dollar was little changed, with the dollar index (DXY) rising 0.09% to 94.94. Against Euro it was flat at 1.1344. It was also flat against Sterling at 1.5441. Against Yen it kept its early gains, sitting on a one-week high at 119.97.

 

Euro was steady ahead of tomorrow's ECB policy meeting; it last stood at 0.7344 against Sterling. Against Yen it made inroads, hovering around 136.12.

 

Commodity-linked currencies took a slide as commodities fell. Canadian dollar fell to a one-week trough, trading at 1.3057 against U.S. dollar. Australian dollar fell to $0.7212.

 

Spot gold lost 11 dollars, or 0.97% to $1,166 an ounce. Silver fell 24 cents, or 1.54% to $15.66 an ounce.  

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