Breaking News

Germany's unemployment hits record low, Euro rebounds.

News Date: 1/12/2015 09:40:58

Germany's unemployment rate fell unexpectedly to 6.3% in November, from October's 6.4%, hitting the lowest level since unification in 1990. The wider Eurozone's unemployment rate fell to its lowest in about four years at 10.7%. In other good news, Final Manufacturing PMI for the zone rose to its highest in 19 months at 52.8 for November. The batch of stellar results dampened bets on strong stimulus by the ECB on Thursday, driving the Euro index up 0.45% to 85.72. Euro rose half a percentage against the dollar to 1.0620. It touched a week's high against yen at 130.75, while advancing 0.38% against sterling to 0.7046.


European shares were tapered off by the data, amid fears of less-than expected monetary easing, with the pan-European index FTSEurofirst 300 relinquishing most of its earlier gains, to trade at 1,518, with a 0.03% profit. Germany's DAX lost 24 points, or 0.22% to 11,357. France's CAC fell 16 points, or 0.33% to 4,941. Britain's FTSE outperformed however, buoyed by the success of the stress tests for British banks; the index gained 45 points, or 0.72% to 6,402.


Dollar slid, with its index down 0.36% to 99.90. Dollar lost 0.16% against sterling to 1.5080. It was trading flat against the yen at 123.06.


Wall Street opened higher, with Dow Jones up 73 points, or 0.41% to 17,791. NASDAQ advanced 20 points, or 0.40% to 5,128. S&P 500 added 10 points, or 0.48% to 2,090.


Oil prices floundered, with Brent futures for January diving 30 cents, or 0.65% to $44.30 a barrel. U.S. crude futures edged down 4 cents, or 0.10% to $41.60 a barrel.


The recent losses nursed by the dollar helped gold futures gain 3 dollars, or 0.28% to $1,068.20 an ounce. Silver futures rose 10 cents, or 0.75% to $14.15 an ounce.


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