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
The central bank has been betting on a strong flow of new inhabitants to spur the economy, since Australia's mining boom calms down. Nevertheless, the country's unemployment benefits level exceeded the US rate, while the population is expected to show the slowest growth in nine years, reaching the 1.3% this year. Moreover, consumer confidence decreased 3.2% in July.
The Pound rose against the Greenback ahead of the UK jobs figure data release at 9:30 AM GMT. The British Pounds traded 0.16% higher to 1.5659 against the Dollar by 7:30 AM GMT, as jobless claims in June is forecasted to have decreased by 9,000, compared with 6,500 in May. Meanwhile, Tuesday's hawkish comments by the Bank of England suggested
GDP of the world's second largest economy grew at 7% in Q2 of 2015, therefore beating economist growth estimate of 6.8%. During the second quarter the growth slowed of almost every sector besides the financial sector. However, despite the positive data release the Shanghai Composite Index fell 3.2% to 3,799 points by 7:15 AM GMT, as investors and economists are
The Aussie posted a slight increase after hitting a six-year low, since the Chinese economy growth in the second quarter exceeding economists' expectations. According to the National Bureau of Statistics, China's GDP advanced 7% in the second quarter compared to the previous year. Therefore, the Australian Dollar added 0.2% to trade at 74.68 US cents after slipping to 73.72 cents
United Kingdom's consumer price inflation slowed in June, therefore giving the Bank of England time to continue its relaxed monetary policy. Britain's inflation slowed to 0.0% from 0.1% in May due to declining prices for food and clothing. Meanwhile, air fair prices increased at a slower pace when compared with June of 2014. In August the Bank of England will
The Australian Dollar rose against the US Dollar after domestic business confidence figure posted better-than-expected results. The Business Confidence Index in June jumped to 10 from revised 8 in May, while the Business Conditions Index rose to 11 from the May's figure of 6. The Aussie added 0.3% to 0.7426 against the Greenback by 8:40 AM GMT, the gains were
The Euro fell 0.04% to 1.1001 against the Greenback by 8:15 AM GMT, after Europe's largest economy's inflation figure in June failed to impress. German CPI declined 0.1% from May, however inflation saw 0.3% increase from June in 2014. Right after the data release, the common currency fell below the 1.10 level against the Dollar. Later in the day the
Consumer confidence in Australia declined 8% in the last two weeks, amid plunging share prices in China, falling iron-ore prices and an unclear Greek future in the Euro zone. Consumer confidence fell, despite improved conditions in the job market and decrease in the unemployment. However, since the last week's survey, Chinese equities have recovered some of the losses, Greek situation
Stock markets in the Asia-Pacific region showed mixed results on Tuesday, as fears of Greece's exit from the Euro zone has disappeared and selloff in Chinese equities has halted. The Nikkei 225 rose 1.5% to 20,385 points, the Asia Dow added 0.4% to 3,128 points, while the Singapore's FTSE Straits Times Index gained 0.1% to 3,314.65 points. Meanwhile, the Shanghai
Oil prices declined significantly on Tuesday after a deal was signed between Tehran and the West. The New York-traded WTI futures declined 2.4% to $50.94 a barrel, while the London-traded Brent Crude traded 2.1% lower to $56.97 a barrel by 7:15 AM GMT. This nuclear deal allows Iran to export oil to a market that has a current surplus of
European stock markets advanced along with Italian government bonds, while German bonds contracted, following the news about a possible agreement between Greece and its creditors. The Stoxx Europe 600 added 1.3% to 395.25 points by 08:15 AM GMT. Meanwhile ten-year Treasury bond yield added three basis points, following the Italian notes regaining its earlier losses.
The Chinese equity market led Asian-Pacific gains on Monday, as the huge selloff, which wiped out $3.2 Trillion in value over three weeks, has stopped due to Beijing's intervention. The Shanghai Composite rose 2.4% to 3,970 points, the Nikkei 225 added 1.6% to 20,090 points, while the Hong Kong's Hang Seng rose 1.4% to 25,243 points. Meanwhile, the Australia's S&P/ASX
The Australian Dollar rose slightly against the Greenback, as Chinese equities rallied for a third straight trading session and an agreement has been reached to assist Greece in its debt crisis. The Aussie added 0.2% to 0.7449 against the Dollar by 7:40 AM GMT. The Chinese economy remains a key factor for the Aussie, as Australia's economy relies heavily on
Stock markets across Europe jumped significantly higher, as according to sources a deal between Greece and its creditors has been reached, however, no detailed information on the deal has been released. The Stoxx 600 rose 2.1% to 389 points, the DAX 30 soared 2.9% to 11,316 points, while the FTSE 100 rose 1.4% to 6,673 points. Meanwhile, Spain's IBEX 35
Oil futures fell sharply on Monday, as a deal between Iran and the West could be signed in the next few days and no bailout plan has been signed between Greece and its creditors. New York-traded Crude oil traded 2.5% lower to $51.44 a barrel, while the London-traded Brent Crude lost 2.7% to $57.39 a barrel by 6:50 AM GMT.
Europe's shares advanced on Friday at the opening after Greece proposed fresh reform proposal. The FTSEurofirst 300 added 1.5% to 1,533.63 points by 07:00 AM GMT, while Euro STOXX 50, representing Euro zone's blue chip companies, rallied 4.2% to 3511.13 points by 8:00 AM GMT. Traders stated to be cautiously optimistic about the possible deal by Sunday.
The British Pound rose against the Greenback on Friday, as the Dollar weakened on upcoming Janet Yellen's speech on US economic outlook and optimism surrounding Greek crisis. The Pound traded 0.5% higher to 1.5455 against the Dollar by 9:00 AM GMT. However, the Cable did not nudge, after the UK trade balance narrowed, meanwhile analysts had expected the trade deficit