Breaking News

Asian shares dip, dollar flat ahead of Fed.

News Date: 28/10/2015 01:11:17
 

 Asian stocks fell on Wednesday ahead of a Fed meeting later today. China's Shanghai index slipped 0.60%. Australia's S&P\ASX 200 index fell 0.11%. Korea's KOSPI retreated 0.56%. India's Nifty lost 0.35%. Japanese stocks bucked the trend, with Nikkei gaining 0.49%.

 

Wall Street ended Tuesday on negative territory as investors assume caution ahead of Fed. Dow Jones fell 0.24% to 17,581. NASDAQ fell 0.09% to 5,030. S&P 500 dipped 0.26% to 2,065.

 

Euro was on the retreat, falling 0.10% against the dollar to $1.1033. Against Yen it hit a fresh seven-week low before stabilizing at 132.86. Against Sterling it slid to 0.7208.

 

Dollar was largely flat ahead of the Fed, with the dollar index inching 0.2% ahead to 97.05. It fell 0.03% against Sterling to 1.5305. Against Yen it eased a similar 0.03% to 120.41.

 

Australian dollar took a beating after inflation data disappointed, raising prospects of further easing by Australia's central bank. The Aussie hit a three-week low at $0.7119. Other commodity currencies were worn out as oil dropped. Canadian dollar fell to a four-week trough at C$1.3274.

 

Oil futures stabilized after a big fall yesterday, with Brent futures for December losing 2 cents, or 0.04% to $46.84 a barrel. U.S. crude futures rose 5 cents, or 0.13% to $43.25 a barrel. Traders will be waiting for the weekly U.S. crude oil inventories survey, forecast to have risen 3.7M, but traders will be cautious as last week's result missed the forecast by a wide margin, rising a heavy 8M.

 

Spot gold gained $1.90, or 0.16% to $1,167.70 an ounce. Silver rose 3 cents, or 0.23% to $15.90 an ounce.

 

From Germany, a survey for import prices for September is forecast to have fallen 0.2% m\m. beating the forecast will give a breather to the beaten up Euro.

 

From the U.S., Goods trade balance is forecast to come t -64.9B in September, better than August's -67.2B. The lesser the negative number is, the more indicative it is of more exports momentum in the U.S., hence pushing the Dollar up.

Latest news

Gold futures contracts ended this week higher, rising 0.14%, to be traded at a price of 1907.35 dollars an ounce. Previously, contracts were traded in a higher session at a price of 1910.20 dollars a
10-2020 23 03:23:18

Today, gold futures are down 0.69%, to be traded at $ 1916.25 an ounce. Previously, the contracts were traded in a lower session at a price of 1913.05 dollars an ounce. Gold is expected to find suppo
10-2020 22 02:02:18

The US stimulus package was discussed on yesterday by the Speaker of the US House of Representatives and Secretary of the Treasury Stephen Mnuchin, in an interview that lasted 45 minutes, and the dis
10-2020 21 01:27:37

US House of Representatives Speaker Nancy Pelosi set today, Tuesday, as the last date for the US Congress, to approve a new stimulus package bill before the presidential election date (November 3), w
10-2020 20 02:30:24

The talk about the implementation package, which is an American plan to support the economy in the face of the epidemic, has continued since last July, with the continuing spread of the Corona virus
10-2020 19 03:46:14

More News

Logs

Advertisements