Equities in Europe opened in green amid more optimism over a new Greece bailout deal and disappointing economic data from China. The Britain's FTSE 300 rose 0.3%, both, French CAC 40 and German DAX were up 0.5%, while the pan-European Stoxx 600 index remained almost flat. European stocks recovered from the slight downturn after the US jobs data boosted expectations of
Equity markets across Asia recorded gains, as investors expect the Chinese government to add further stimulus to prop up its stock markets. The Shanghai Composite jumped 4.9% to 3,928 points, the Sensex rose 0.4% to 28,357 points, while the Nikkei 225 gained 0.4% to 20,809 points. Meanwhile, the Singapore's FTSE Straits Times Index edged 0.2% higher to 3,196.6 points by
The yellow metal edged higher on Monday; however, the precious metal continued to trade below the important $1,100 an ounce level. Strong US non-farm payrolls figure confirmed September as a candidate for a rate hike by the Fed. Nevertheless, the bullion futures rose 0.3% to $1,097.4 an ounce by 7:30 AM GMT. In July, non-farm payrolls added 215,000 jobs, above
The shared currency was traded almost unchanged against the Greenback on Monday, as traders kept focusing on new bailout deal in Greece and the Fed's Lockhart speech. The EUR/USD pair edged 0.07% higher at $1.0974 by 07:15 AM GMT. Meanwhile, optimism among the EU officials is growing, as Greece is more likely to approve new austerity measures.
The common currency traded higher against the Aussie, as the Euro was boosted by hopes of a Greek deal and the Aussie was under pressure by slipping commodity prices. The 19-nation shared currency rose 0.3% to 1.4842 against the Aussie by 7:20 AM GMT. The Australian currency fell, as oil futures declined below the $44 a barrel level and economic
Crude oil futures traded below the $44 a barrel level on Monday, after market sentiment was damaged by economic data from China and the strengthening Dollar. The US benchmark WTI futures slipped 0.3% to $43.72 a barrel, while the European Brent Crude lost 0.1% to $49.19 a barrel by 7:10 AM GMT. Chinese outbound shipments fell 8.3% in July, thus
The stock futures in the US were muted on Friday, as traders kept focusing on the release of non-farm payrolls data as well as unemployment figures. The S&P 500 futures were about unchanged at 4,526, the DJIA futures went up 3 points to 17,378, while those for Nasdaq 100 were flat at 4,526. Meanwhile, analysts say that the upcoming US
The Pound traded sideways against the Greenback, after UK's trade deficit was released and as traders await US non-farm payrolls data release. The Cable was flat at the 1.5517 mark by 9:00 AM GMT. Britain's trade deficit rose to 1,601 million Pounds, mostly due to strengthening Sterling against the European and US counterparts. July payrolls data is expected to show
Bullion was hovering near a five-year low on Friday, on track to extend its losses for seventh consecutive week, gold's longest losing run since 1999. The yellow metal managed to recover above the level of $1,090, reaching the daily high of $1,096.8 by 07:05 AM GMT, but then it resumed the decline. Investors will focus their attention on the US
Equities in Asia traded mixed, as investors wait for the release of the US employment data, which could determine the possible timing of the rate hike by the Federal Reserve. The Japan's Nikkei edged 0.29% higher, Australia's S&P ASX 200 plummeted 2.41%, while Hang Seng rose 0.7%. Meanwhile, stocks in China jumped in sight of new possible support measures from
Equity markets across Europe edged lower on Friday, as investors await the US non-farm payrolls figure released later in the day. The Stoxx 600 fell 0.2% to 400 points, the DAX 30 slipped 0.4% to 11,534 points, while the France's CAC 40 0.2% to 5,181 points. Meanwhile, the Italian FTSE MIB was flat at 23,805 points, while the Spain's IBEX
Prices of oil were in green on Friday, however analysts say it could be just a short-term upward trend, while crude futures still face a sharp weekly decline. WTI were traded up 0.47% at $44.85 a barrel, while futures for Brent rose 0.48% to $49.75 per barrel. Meanwhile, global oversupply and the firm US Dollar still put pressure on oil
The Australian Dollar strengthened against the Greenback, after the Reserve Bank of Australia confirmed with its quarterly Statement of Monetary Policy that it was happier with Aussie's depreciation. The Aussie surged 0.45% to 0.7377 against the US Dollar by 7:15 AM GMT. The depreciation in the local currency increased the demand for Australian goods and services. In addition, the RBA
The EUR/GBP pair fell, after the data was released about the UK's industrial sector. The data had limited effect on the cross, as traders await BoE's policy meeting and the report on inflation. The common currency fell 0.2% to 0.6973 against the Sterling by 9:45 AM GMT. Manufacturing production in Britain for June grew by 0.2% on month-over-month basis and
The unemployment rate in Greece declined in May, however, the long term outlook for unemployment in the highly indebted country remains bleak. In May, the unemployment rate fell to 25%, compared to 25.6% in April. Meanwhile, the youth unemployment rate remained above the 50% level. Meanwhile, the Greek government is in talks to strike a deal with its creditors for
The manufacturing industry in the UK showed a slight improvement in June, with a growth of 0.2%, as increased output of metals and weapons helped to boost the sector. Nevertheless, the total industrial production dropped below estimates, following the biggest fall in gas and oil extraction in 17 months. The UK's total production declined by 0.4% against the anticipated rise
The New Zealand Dollar recovered from six-year low seen in the previous session, when the Kiwi was pushed back by weak domestic jobs figures and the robust US ISM data. The NZD/USD was traded up 0.38% at $0.6530, after reaching the daily high of $0.6552. Traders will eye the US labour data ahead in the week, which could boost expectations
The equities in the world's second largest economy inched lower on Thursday, as investors evaluate Beijing's commitment to prop up the stock market. However, rest of markets in Asia recorded mixed performances. The Shanghai Composite fell 0.9% to 3,662 points, the Hang Seng was down 0.5% to 24,388 points, while the Nikkei 225 nudged 0.2% higher to 20,664 points by
The common currency fell slightly against the Sterling on Thursday, as all eyes are on the economic data releases from the UK and BoE's meeting. The Euro slipped 0.1% to 0.6980 against the Pound by 7:50 AM GMT. Besides the BoE's rate hike decision, Manufacturing and Industrial Production figures on a month-over-month basis will be released. Moreover, BoE's inflation report
European equities opened lower on Thursday, as investors await the Bank of England's ‘Super Day'. The Stoxx 600 declined 0.5% to 402 points, the UK's FTSE 100 dropped 0.5% to 6,722 points, while the DAX 30 slipped 0.1% to 11,624 points. Meanwhile, Spain's IBEX 35 lost 0.3% to 11,249, the Italian benchmark FTSE MIB fell 0.4% to 23,828 points, while
The shared currency rose against the Greenback, following the rebound in German factory orders, revealed on Thursday. Industrial orders in the largest European economy grew 2% in June, while analysts anticipated a slight 0.1% growth. The single currency was sent higher to $1.0943 right after the data came in, however soon calmed again to trade up 0.07% at $1.0911 by
Bullion futures traded sideways on Thursday, after strong economic data from the US fuelled a Dollar rally and put pressure on the dollar-denominated commodities. The yellow metal traded flat at $1,085.8 an ounce by 7:20 AM GMT.the Greenback rallied after the Atlanta Fed's Chief, gave bullish comments about the likelihood of a rate hike in September, if strong inflation and
Oil prices edged slightly lower on Thursday morning, as investors evaluated crude inventory data released on Wednesday. The US benchmark WTI futures slipped 0.5% to $44.94 a barrel, while the European Brent Crude lost 0.1% to $49.53 a barrel by 7:10 AM GMT. US Crude inventories saw a 4.4 million decline last week, while analysts had expected a decrease of
The yellow metal dropped on Wednesday after the Fed voting member Dennis Lockhart showed his support for a rate increase in September. Bullion fell 0.38% to $1,086.20 by 11:26 AM GMT, after recovering from session lows of $1,083.30. Ahead in the day, the US ADP employment figure is expected, which could put the Fed closer to the start of policy