Breaking News

Euro, Asian shares tumble after Paris attacks.

News Date: 16/11/2015 01:00:55

Asian shares were in the red as Paris attacks spread fears about consumer spending slowdown in France and the Eurozone, also data from Japan showed its economy contracting by 0.2% q\q, the second quarter contraction in a row, which indicates a technical recession. Japan's Nikkei lost 0.80%, while China's Shanghai index slipped 0.20%. Australia's S&P\ASX 200 index fell 0.76%. Korea's KOSPOI plunged 1.28%, while India's Nifty slid 0.32%.


Euro was affected negatively by the attacks, with its index losing 0.43% to 86.34. Euro fell to 1.0687 against the dollar, before recovering some losses to trade at 1.0722, with a 0.48% loss. Euro fell to a 3-1\2 month low against Sterling before recovering to 0.7047, with a 0.31% loss. It tumbled to a 6-1\2 month low against yen at 130.68, before pulling back to 131.28, still in the six-month nadir, with a loss of 0.60%.


Dollar rose modestly as investors began buying the safe haven U.S. treasuries, with the dollar index up 0.30% to 99.17. Dollar gained 0.15% against Sterling to 1.5214. It rose to a ten-day high against yen at 122.22, before losing some gains and trading at 122.45, with a 0.11% gain.


Wall Street futures point to a low opening today. U.S. indexes lost heavily on Friday, with Dow Jones closing down 202 points, or 1.16% to 17,245. S&P 500 closed with a 22-point loss, or 1.12% to 2,023. NASDAQ fell the most, 77 points, or 1.54% to 4,927.


Crude prices recovered some of their losses, with Brent futures for December up 47 cents, or 1.05% to $44.94 a barrel. U.S. oil futures gained 26 cents, or 0.65% to $41 a barrel.


Gold futures gained as well, rising $11.40, or 1.08% to $1,092.80 an ounce. Silver futures rose 16 cents, or 1.17% to $14.37 an ounce.  


Being released today, the Final CPI for the Eurozone, expected to stay the same for October as September at 0.0% y\y. Flat or negative inflation would push the ECB into more monetary easing in December to spur growth.  


From Canada, Manufacturing Sales for September are forecast to have grown 0.3% m\m, better than August's contraction of 0.2%. A high sales growth would push the loonie up and vice versa.


From the U.S., Empire State Manufacturing Index, which tracks New York State's manufacturing sector, is forecast at -5.3 for November, better than October's -11.4. A result lower than zero indicates worsening conditions, higher than zero indicates better conditions.     

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News