U.S. equities climb on China's trade data

Source: Bloomberg
© Scanpix/AP
U.S. equity markets were green as trade data from China exceeded forecasts and as investors weighed the U.S. unemployment insurance claims report. The S&P500 index added 0.3% to 1,696.50 as of 9:58 a.m. New York time, while the Dow Jones Industrial Average advanced 0.03% to 15,509.26. The S&P 500 lost 1.1% in the last three days on speculation the Fed will taper stimulus this year.
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Thu, 08 Aug 2013 19:03:07 GMT

WTI drops as U.S. jobless report raises stimulus concern

West Texas Intermediate declined for the fifth consecutive day as better-than-expected U.S. unemployment insurance claims data boosted concern the Federal Reserve will taper monetary stimulus. WTI for September settlement lost 0.8%, or 80 cents, to $103.57 per barrel as of 9:50 a.m. on the New York Mercantile Exchange.

Thu, 08 Aug 2013 13:49:07 GMT

Greenback still down after jobless claims data

The U.S. currency was trading lower versus the 17-nation currency, after hitting its 7-week low amid global economic optimism. U.S. jobless claims data for the last week was approximately in line with expectations, the number of claims increased to 330,000, while analysts predicted 335,000. The U.S. Dollar lost 0.21% to $1.3362 versus the Euro, after being at $1.34 earlier today.

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