Breaking News

Asian shares head for weekly profits, oil recovers but remains pressured.

News Date: 20/11/2015 01:00:16

Asian shares posted mixed results on Friday but were gearing up for weekly profits, with Japan's Nikkei index falling 0.40% to 19,782, in line for a weekly gain of 0.94%. China's CSI 300 index fell 0.15%, but it's heading for a weekly gain of 0.64%. Australia's S&P\ASX 200 index rose 0.26%, in line for a big weekly gain of 4.06%. Korea's KOSPI fell 0.08%, heading for a weekly profit of 0.71%. India's Nifty index advanced a robust 0.56%, with a weekly profit of 1.58%.


Wall Street closed flat yesterday, with Dow Jones down 4 points, or 0.02% to 17,732. NASDAQ lost 1.5 points, or 0.03% to 5,073. S&P 500 gave up 2.3 points, or 0.11% to 2,081.


Dollar clawed back some of its losses, with its index up 0.1% to 99.18. Dollar gained 0.18% against Euro to 1.0715. It rose 0.06% against Sterling to 1.5282, while trading flat against the yen at 122.86.


Euro retreated a bit, with its index down 0.12% to 86.25. It lost 0.1% against Sterling to 0.7013. It slipped 0.16% against the yen to 131.67.


Oil prices recovered some ground but remained under pressure. Brent futures for January rose 10 cents, or 0.23% to $44.31 a barrel. U.S. oil futures gained 16 cents, or 0.40% to $41.89 a barrel.


Australian dollar hit a two-week high yesterday at 0.7195, it steadied today to 0.7191. Canadian dollar touched a week high yesterday before slipping 0.11% today to C$1.3299.


Gold futures rose 6 dollars, or 0.56% to $1,084 an ounce. Silver futures gained a cent, or 0.1% to $14.24 an ounce.


From the U.K., Public Sector Net Borrowing is forecast to come at 5.5B for October, lower than September's 8.6B. The less public borrowing there is, the better it is for Sterling.


From Canada, Core CPI –which excludes volatile items like energy and food- is forecast to have grown 0.2% m\m in October, same as September's, which bodes well for the currency. Canada's Core Retail Sales –which excludes automobiles- are forecast to have fallen 0.3% m\m in September, which might have a negative effect on the loonie.       

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