Stock markets across the Asia-Pacific regions took a dive after Chinese manufacturing PMI figure disappointed for July, therefore, indicating slowing manufacturing activity. The Asia Dow slipped 0.9% to 3,102 points, the Shanghai Composite slid 1.3% to 4,071 points, while the Hang Seng declined 1.1% to 25,133. Meanwhile Sensex fell 0.3% to 28,292 by 7:45 AM GMT.
Commodity prices of industrial metals hit recent year lows on Friday, as sluggish Chinese PMI data put further pressure on the future outlook for commodities. Three-month delivery copper futures dove 1.6% to $5272.5 a ton, while aluminium declined 1.4% to $1,636 a ton. Moreover, Zinc slid 1% to $1,981 a ton, however, tin jumped 1% to $14,950 a ton by
Gold rallied above the $1,100 level on Thursday, despite the investor bearish outlook on the precious metal, as they believe the Dollar will continue to appreciate. The bullion futures advanced 0.9% to $1,101.9 an ounce by 8:10 AM GMT. On Monday, the yellow metal traded as low as $1,080 an ounce, the lowest level in five years. According to ABN
Stock markets across the Asia-Pacific regions booked mixed results, as investors kept an eye on earnings season and turbulence in the commodity markets. The Shanghai Composite Index rose 2.4% to 4,124 points, the Nikkei 225 edged 0.4% to 20,684 points, while the Hang Seng advanced 0.5% to 25,419 points. Meanwhile, Sensex was flat at 25,503 points and the Australia's S&P/ASX
The Euro traded higher against the US and the Japanese counterparts, after the Greek government voted for second round of preconditions from creditors needed to start negotiating for a bailout package. The Euro rose 0.5% higher to 1.0980 against the Greenback, while it advanced 0.3% to 135.8830 against the Yen by 7:40 AM GMT, however, traders are sceptical whether the
US Crude futures traded below $50 dollars a barrel, after unexpectedly rise of 2.5 million barrels in weekly crude inventories. The US-traded NYMEX edged 0.2% higher to $49.29 a barrel, while across the pond, the Brent Crude futures were 0.1% lower to $56.05 a barrel by 7:20 AM GMT. Moreover, the NYMEX futures have fallen by more than 17% in
The common currency fell against the Pound after Bank of England revealed that all nine committee members voted to keep interest rates at 0.5%. The Euro fell 0.6% to 0.6990 against the Pound by 10:50 AM GMT. Moreover, traders on Thursday will pay close attention to June retail sales in UK, which should see an improvement from May's figure.
Stock indexes in America are set to open lower on Wednesday, after Apple and Microsoft corporations posted disappointing Q2 results for investors. The S&P 500 futures were down 0.4% to 2,106 points, the futures of Dow Jones Industrial Average traded 0.4% to 17,789 points, while the tech-heavy Nasdaq 100 Index fell 1.1% to 4,615.5 points by 10:20 AM GMT. Microsoft
The yellow metal was lower for the tenth straight day on Wednesday, as the Dollar continued to appreciate and its strength has impact on Dollar-denominated commodities. The gold futures traded 1% lower to $1,092.9 an ounce by 8:50 AM GMT. The possibility of a rate hike by the Fed later in the year is pushing the Greenback higher. In addition,
The Pound advanced against the Greenback on Wednesday, as traders in the UK await the Bank of England's meeting minutes release. The pair soared 0.35% to 1.5611 by 8:30 AM GMT, but was trading at 1.5624 shortly after the European stock markets opened. In addition, on Tuesday it was released that the UK government's net borrowing in June decreased to
Standard and Poor's rating agency upgraded Greece's credit rating from CCC- to CCC+, on a positive outlook that Greece will not default on its commercial debt in the following six to twelve months. The decision came after Greece paid its last two missed payments to the IMF and paid back 4.2 billion euros to the ECB on Monday using a
Crude oil prices fell on Wednesday, amid oversupply, declining global demand, stronger Dollar, and upcoming US crude stockpiles data. New York-traded Crude for September delivery fell 1.2% to $50.25 a barrel, while the London-traded Brent Crude lost 0.8% to $56.59 by 7:10 AM GMT. Commodity investors are expecting that the US crude inventories decreased by 1.7 million barrels last week.
El Nasdaq composite registró este lunes otro máximo histórico, cerrando en 5.218,86, es decir que el índice se expandió 8,72 unidades, obteniendo un 0,17%. De sus componentes, Exelixis Inc fue el más beneficiado al expandirse un 50,38%. Finalmente en cuanto al DJ 30, el índice subió un 0,08%, despidiéndose en los 18.100,41.
Stock markets across the Asia-Pacific regions rose on Friday, as concerns over Greece and China lessened. The Shanghai Composite Index soared 3.5% to 3,957 points, the Hong Kong's Hang Seng rose 1% to 25,415 points, while the Nikkei 225 Index gained more modest 0.2% to 20,651 points. Meanwhile, FTSE Straits Times Index added 0.4% to 3,353 points by 8:30 AM
The common currency continued to decline against its UK counterpart, to pair's lowest level since November 2007. The Euro traded 0.26% lower to 0.6952 against the Pound by 7:55 AM GMT, as the gap for monetary policies between the UK and the Euro zone widens. Marc Carney hinted a possible rate hike by end of the year, while Mario Draghi
Oil futures were flat on Friday, ahead of the weekend with concerns remaining on the oil oversupply. The New York-traded NYMEX declined 0.02% to $50.91 a barrel, while the London-traded Brent Crude traded 0.2% higher to $57.03 a barrel by 6:40 AM GMT. Last week, the US crude stockpiles decreased by 4.346 million barrels to 461.4 million barrels, while the
Equity markets closed the trading session higher on Thursday, as more than 100 stocks resumed trading on the China stock markets. The Shanghai Composite Index rose 0.5% to 3,823 points, while the smaller Shenzhen Composite jumped 1.3% to 2,086 points. Elsewhere in the region, the Nikkei 225 added 0.7% to 20,600 points, the Sensex Index soared 0.9% to 28,454 points
US stock futures rose on Thursday, after Greek parliament voted for austerity measures to obtain financial aid and thus the investor fears of Greece's exit from the Euro zone lessened. The Dow Jones Industrial Average edged 0.3% higher to 18,048 points, the S&P 500 futures Index added 0.3% to 2,111 points, while the NASDAQ 100 added 4,556 points by 10:00
The common currency fell against the Pound to seven and a half year low on Thursday, as the gap between fiscal policies in the UK and in the Euro zone widened. The Euro traded 0.34% lower to 0.6978 against the Pound by 9:35 AM GMT, which is the lowest level since November 2007. Investors are awaiting Mario Draghi's speech later
Stock markets across Europe rose on Thursday, after Greek parliament approved austerity measures in order to obtain financial aid. The Stoxx 600 gained 1.2% to 405 points, the DAX 30 jumped 1.4% to 11,706 points, while the France's CAC 40 rose 1.4% to 5,120 points. Meanwhile, Spain's IBEX 35 soared 1.4% to 11,491 points and the FTSE 100 posted more
Share market in Europe did not show major changes after 5-day highs, before the Greek parliament meeting concerning the package of auxiliary reforms. The futures of the Euro Stoxx 50 Index added 0.1% to trade at 3,607 level, while gains in energy stocks spurred the Stoxx Europe 600 Index higher on Tuesday, the most since 2011. The hopes of Greece
Oil futures declined on Wednesday, as investors await the US crude stockpiles data release later in the day. New York-traded Crude for August delivery fell 0.8% to $52.61 a barrel, while the London-traded Brent Crude lost 0.9% to $58.14 a barrel by 10:40 AM GMT. Market expects that the Crude stockpiles decreased by 2 million barrels, compared with the last
The Dollar rose against the Yen on Wednesday, as traders patiently awaited Janet Yellen's comments on monetary policy and hints over the timeline for the Fed's rate hike. The Greenback advanced 0.2% to 123.6 against the Japanese counterpart by 10:15 AM GMT. The pair has been volatile over the past month, since the US economy data has reported mixed signals
Stock markets across Europe edged higher on Wednesday, after being down early in the trading session, as the deadline nears for the Greek lawmakers to accept austerity measures. The Stoxx 600 rose 0.2% to 399 points, the DAX 30 edged 0.01% to 11,524 points, while the IBEX 35 added 0.3% to 11,291 points. Meanwhile, CAC 40 and FTSE 100 was