Breaking News

Oil prices plunge, Euro dips on Draghi's comments.

News Date: 12/11/2015 09:44:05
Update Date: 12/11/2015 10:12:28
 
Euro was knocked out after ECB's chief Mario Draghi singled out the common currency while testifying in front of the European parliament, expressing that the Euro's strength was weighing negatively on inflation, thus enhancing views of more easing in the ECB's next meeting in December. Euro recovered most of its losses however, with its index down 0.07% to 86.44. It lost 0.15% against Dollar to 1.0727. It traded at its close price against Sterling at 0.7061.

European stocks were briefly up after Draghi's comments, before falling deep into red territory, with the pan-European index FTSEurofirst 300 down 1.05% to 1,478. Britain's FTSE fell 68 points, or 1.14% to 6,226. Germany's DAX lost 101 points, or 0.93% to 10,806. France's CAC 40 plunged 75 points, or 1.50% to 4,878.

Wall Street opened sharply lower, with Dow Jones down 137 points, or 0.77% to 17,565. NASDAQ fell 29 points, or 0.58% to 5,037. S&P 500 lost 13 points, or 0.63% to 2,061.

Dollar was back near its recent highs, with its index up 0.16% to 99.22. It gained 0.22% against Sterling to 1.5180. It rose 0.1% against Yen to 122.97.

Oil prices plunged for the second day, with U.S. crude futures falling $1.12, or 2.61% to $41.81 a barrel. Brent futures for December lost 97 cents, or 2.10% to $45.63 a barrel.

Gold futures lost nine dollars, or 0.85% to $1,075 an ounce. Silver futures fell 6 cents, or 0.44% to $14.20 an ounce.

Latest news

Gold futures rose for December delivery according to the Asian session on Friday. As it increased by 0.47%, to be traded at the price of 1959.00 dollars per ounce, and it was previously traded at a
09-2020 18 06:02:31

Oil prices rose this morning, due to the halt in oil and gas production due to a hurricane in the United States of America, as the price of crude oil increased by approximately 1.5%, reaching 41.13 d
09-2020 16 06:30:20

We open the trading week with a rise in gold prices today, after it witnessed a decline in the last days of last week, as it is a safe haven for investors, especially when crises that negatively affe
09-2020 14 06:22:57

Gold prices experienced a remarkable decline at the beginning of the week after it concluded its Asian trading at a high, affected by the great rush of investors, if this morning the gold futures con
08-2020 31 08:11:31

We start today's events, Tuesday, by the rise in oil prices affected by the easing of precautionary measures to combat turquoise corona in the world. US West Texas crude futures are expected to decre
08-2020 26 04:51:45

More News

Logs

Advertisements