Europe opens lower on Thursday after Fed minutes

Source: WBP Online
Stock exchanges in Europe opened in the red on Thursday, as investors were in fear that the Federal Reserve will hike rates in June. German DAX 30 index decreased by 0.9% to 9,857.81 points, UK's FTSE 100 fell 0.8% to 6,116.34 points. In the meantime, French CAC 40 lost 0.5% to 4,297.74 and Euro Stoxx 50 index lost 0.4% to 2,945.51.
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Thu, 19 May 2016 09:27:06 GMT

Australian unemployment still flat

Despite the lack of growth in job openings, the Australian jobless rate remained lowest since 2014 at 5.7% in April. The gauge beat analyst expectations which lied at 5.8%, however, the number of added jobs failed to meet analyst forecasts with 10 800 new jobs. Meanwhile, an unanticipated fall in the participation rate cut the supply of available workers.

Thu, 19 May 2016 08:51:15 GMT

Gold prices fall as US Dollar gains strength on Wednesday

Bullion broke support at $1,256, as it is its moving average of 200-days in a four hour frame, and might move lower than $1,230. Gold decreased 1.5% on Wednesday, as the Greenback gained strength after the Fed committee's minutes gave a big boost for the Buck. The Federal Reserve returned to hawkish rhetoric, which increased rate hike possibility in June.

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