Breaking News

Yen makes gains, U.S crude tumbles to a new low.

News Date: 10/12/2015 09:55:15
 

Yen extended its gains, as other currencies tumbled due to local factors, and after data showed vehicle sales soared by 20.0% in China, the second biggest consumer for cars in the world, and a lucrative market for Japanese manufacturers. Yen advanced by 0.62% against the euro to 133.06. It jumped to a seven-week high against sterling at 183.40, before settling back to 184.12, still up 0.13% for the day. Yen inched up 0.08% against the dollar to 121.35.

 

Dollar's index was up 0.35% for the day at 97.68, away from a 5-week trough touched yesterday. It rose 0.60% against the euro to 1.0985. Sterling on the other hand was pressured downward, after minutes from the last Bank of England meeting showed that policymakers are unprompted to raise interest rates any time soon, citing new drops in oil prices and slower wage growth, which pushes inflation away from the bank's targets. Sterling fell to 1.5115 against the dollar, before recovering some losses and trading at 1.5173 with a 0.06% loss.

 

Oil prices extended their losses, affected by the stronger performance of the dollar; U.S. crude futures hit a fresh 7-year low at $36.55 before scaling back to $36.75 a barrel, losing 40 cents, 1.10% for the day. Brent crude futures lost 30 cents, or 0.70% to $39.84 a barrel.

 

European shares were shaky, affected negatively by the commodities rout and the U.S. near-certain rate hike next week. The pan-European index FTSEurofirst hit a two-month low at 1,419, before trading at 1,427, losing 0.25% for the day. Britain's FTSE gave up 27 points, or 0.45% to 6,099. Germany's DAX and France's CAC indexes were more upbeat, recording gains of 0.34% and 0.14% respectively.  

 

Wall Street opened higher, supported by a mega deal being considered between the two chemicals giants, Dow and DuPont, which would create a joined company worth about 130 billion dollars.  Dow Jones gained 0.34%, while NASDAQ rose by 0.41%. S&P 500 added 0.34%.   

 

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

Logs

Advertisements