Kiwi lower versus Greenback after Friday's US jobs data

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Source: WBP Online
The New Zealand Dollar slipped against the Greenback on Monday, as the US labour data release on Friday showed basically positive results and put more pressure on commodity currencies, even though the US payrolls missed estimates. The NZD/USD pair was traded 0.24% lower at $0.6271 by 07:40 AM GMT. Meanwhile, the Fed's rate hike prospects in September remains on the table, as the growth in the US is running ahead of the Fed's projections, however the fragility of global financial markets prevails. 
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Mon, 07 Sep 2015 09:26:12 GMT

Stocks in Europe higher despite China sell-off

European equity markets jumped on Monday, ignoring the high volatility in Asian stocks and worries over Chinese economy. Germany's DAX index increased 1.13%, the UK's FTSE 100 index rallied 1.09%, while the French CAC gained 1.18%. The pan-European Stoxx 50 index added 1.12%. Among main gainers were shares of commodity trader Glencore, which soared by 12% after company unveiled its

Mon, 07 Sep 2015 08:54:06 GMT

Asian stocks wobble, China widens losses

Equity markets in Asia turned mostly lower amid choppy trade on Monday, as nervousness among investors prevailed following the concerns over the health of Chinese economy. The Shanghai Composite Index slumped 2.52% after news that the economy in China grew less last year than the market initially thought. Elsewhere, Hong Kong's Hang Seng slipped 0.42%, the Japanese Nikkei advanced 0.38%,

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