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French shares lead Europe down, loonie slides after weak data.

News Date: 16/11/2015 10:03:41
Update Date: 16/11/2015 10:39:35

French shares led continental European shares to a 3-1\2 week low, affected by Paris attacks, before recovering some of the losses. The French CAC 40 dipped to 4,788, with a 0.36% loss. The pan-European index FTSEurofirst 300 was down to 1,454, with a 0.23% loss. Germany's DAX recovered all of its losses, rising 22 points, or 0.22% to 10,728. Britain's FTSE floundered to a fresh six-week low before recovering strongly due to rising energy shares, the index was last up 25 points, or 0.40% to 6,142.


Eurozone's Final CPI for October came at 0.1% y\y, higher than the 0.0% expected. The positive result didn't help the Euro however, with its index down 0.45% to 86.32. The Euro is down 0.55% against dollar to 1.0715. It lost 0.26% against Sterling to 0.7051. It recovered most of its losses against yen, but was still down 0.19% at 131.84.


Canada's Manufacturing Sales for September fell a surprising 1.5% m\m, against forecasts of a 0.3% growth. The loonie tumbled to a six-week low at C$1.3350, with a 0.23% loss.


Dollar was consolidating its gains, with its index up 0.41% to 99.29. It rose 0.27% against sterling to 1.5194. It advanced 0.37% against yen to 123.06.


Wall Street opened higher, with Dow Jones up 66 points, or 0.40% to 17,316. NASDAQ gained 14 points, or 0.28% to 4,940. S&P 500 rose 10 points, or 0.50% to 2,033.


Oil prices gave up their earlier gains as worries over a supply glut persist. Brent futures for December lost 55 cents, or 1.23% to $43.91 a barrel. U.S. futures fell 19 cents, or 0.47% to $40.50 a barrel.


Gold futures gave up most of their gains as well but were still up $3.30, or 0.31% at $1,084.40 an ounce, while Silver futures slipped 0.03% to $14.20 an ounce.  

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