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Euro falls on weak growth, oil extends losses.

News Date: 13/11/2015 09:58:04
Update Date: 13/11/2015 10:23:11
 

Eurozone's GDP growth came at 0.3% q\q for the third quarter, missing the forecast of a 0.4% growth. Euro shed 0.77% against Dollar to 1.0734. It fell 0.70% against Sterling to 0.7055. It lost 0.65% against Yen to 131.75.

 

Dollar was back near its highs, with its index up 0.59% to 99.14. It rose 0.05% against Sterling to 1.5221. It inched up 0.11% against Yen to 122.73.

 

European shares extended their fall on Friday, with the pan-European index FTSEurofirst 300 touching its lowest level in three weeks at 1,458, losing 0.82% for the day. Germany's DAX and France's CAC also touched their lowest in three weeks, with DAX down 70 points, or 0.68% to 10,709, while CAC shed 54 points, or 1.12% to 4,802. Britain's FTSE fell to its lowest in about six weeks, losing 60 points, or 0.98% to 6,118.

 

Wall Street opened lower, also locking in three-week lows across the board, with Dow Jones falling 26 points, or 0.15% to 17,430. NASDAQ lost 17 points, or 0.35% to 4,988. S&P 500 slipped 2.4 points, or 0.11% to 2,043.


U.S. crude futures fell to a fresh 10-week low, losing 60 cents, or 1.44% to $41.14 a barrel. Brent futures for December were down 22 cents from their opening price, or 0.50% to $44.94 a barrel.

 

Canadian dollar fell for the second day, affected by the rout in oil prices; it last stood at C$1.3329, losing 0.32% for the day. Australian dollar gave up its earlier gains, trading flat at $0.7122.

 

Gold futures rose half a dollar, or 0.05% to $1,081.50 an ounce. Silver futures lost 3 cents, or 0.25% to $14.19 an ounce.

 

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