Crude prices grew slightly during European the trade on Thursday, following a firm retreat a day before, caused by a potential deal between the six world powers and Iran. WTI futures for August delivery added 0.4% to $57.16 per barrel in New York, while Brent soared 0.9% to $62.56 a barrel in London by 11:15 AM GMT. Both of them sank approximately
Equity futures gained relatively steady in US trading on Thursday, while waiting for the jobs report to be published earlier than usually this week. Futures for the S&P 500 gained 0.11% to 2,073.20 in pre-market trading, while futures for DJIA added 0.15% to 17698 points by 12:00 PM GMT, while approaching the data release.
The US hiring slowed down a bit in June following a five-month high, nevertheless, it is still considered healthy enough to support the Fed interest rate hike in September. Economists expect the US economy to have added 232,000 jobs last month after May's unexpected 280,000 surge.
Gold futures lost 0.44% on Thursday, as investors bet on a strong US non-farm payrolls figure. Gold traded at $1,162 an ounce by 10:45 AM GMT on forecasts that jobless rate slipped to 5.4% from 5.5% and 233,000 jobs were added in June. These jobs figures will have a substantial effect on the strength of the US Dollar and therefore
Oil prices rose marginally after New York traded Brent futures declined 4.2% on Wednesday, as US crude inventories increased by 1.9 million barrels last week. London-traded Brent futures traded 0.4% higher to $62.74 a barrel, while the NYMEX crude oil futures gained 0.2% to $57.05 a barrel by 10:30 AM GMT. It was the first time since April that the
Stock markets across Europe traded lower on Thursday, as investors kept nervously watching developments surrounding Greek debt crisis. The Stoxx 600 lost 0.1% to 386.83 points, the DAX 30 declined 0.1% to 11,167 points, while Spain's IBEX 35 fell 0.1% to 10,905 points. Meanwhile, FTSE traded 0.1% lower to 6,602 points and the France's CAC 40 fell 0.2% to 4,875
The Australian Dollar weakened on Thursday, on expectations that there were 223,000 jobs created in the US in June, down from 280,000 in May. The Aussie dropped 0.4% to the $0.76 level and neared two-month low. Furthermore, Australia's trade deficit missed estimates and narrowed to 2,751 million Australian dollars. Falling gold futures have added to the falling Australian Dollar, as
The Swedish central bank cut its key repo rate to -0.35% from -0.25% on Thursday, due to increased uncertainty abroad and the current situation in Greece. Furthermore, the Riksbank stated that it would purchase government bonds worth 45 billion SEK from September till the end of 2015. Since the last interest rate cut in March, the Swedish currency has strenghtened
The Shanghai Composite Index declined 3.5% to 3913 points on Thursday, as selloff of Chinese equity's continued despite cash injection and lowered regulations by the Chinese government. Meanwhile, the Nikkei 225 stock average added 1% to 20,523 points, the S&P/ASX 200 Index rose 0.8% to 5,599 points, and the Hang Seng Index gained 0.4% to 26,343 points by 7:45 AM
European stock markets climbed on Wednesday, following Athens officials stating that Greece agrees to accept creditors' bailout conditions. Germany's DAX added 2.1% to 11,177.64 points, while the UK FTSE 100 inched up 1.3% to 6,605.72 by 12:00 PM GMT. Among other indices, the Euro Stoxx 50 rose 2.6% to 3,512.27 points and CAC 40 surged 2.5% to 4,909.61 points.
The US stock futures rallied on Wednesday, as report was released saying that Greece's Prime Minister agreed to accept almost all bailout terms from the creditors. DJIA futures grew 0.9% to 17,679, while those for the S&P 500 added 1% to 2,074.5 points by 10:00 AM GMT. Wall Street traders anticipate the US stock market to brighten after losses of
The common currency retreated on Wednesday as the Mediterranean nation became the first developed economy to evade the IMF loan payment. While the sentiment of the market stayed tense, the trading was limited as investors await for the Greek referendum on Sunday. After a slide of noticeably in Asian trading, Euro retrieved some losses and stood down 0.4%.
Oil prices decreased on Wednesday after OPEC's output rose to 31.6 million barrels a day and Greece defaulted on its 1.54 billion euros' payment to the IMF. New York-traded crude oil declined 1.3% to $58.74 a barrel, while the UK-traded Brent crude oil traded 0.8% lower to $63.64 a barrel by 10:00 AM GMT. In addition, last week US crude
On Wednesday, stock markets across Europe rose, as investors took into account Greece's default on its 1.54 billion euros' payment to the IMF. The Stoxx 600 added 1% to 385 points, the UK's FTSE 100 rose 1.1% to 6,595 points, while the DAX 30 was up 1.6% to 11,117 points. Meanwhile, the France's CAC 40 soared 1.8% to 4,877 points
As business and consumer spending continued to decrease in June, the Greek Manufacturing PMI reached 46.9 points, which, under the level of 50, indicated a steeper decline than in May, concluding the worst quarter in two years. Moreover, the survey data showed even further fall of the PMI during the next months.
In Q1 of 2015, Italy's budget deficit contracted to 5.6% of GDP from 6% in Q1 of 2014, as public expenditure declined 0.7% to 189.7 billion euros, while total revenue rose 0.3% to 167.9 billion euros. For 2015, Italian government predicts a public budget gap of 2.6%, compared with a deficit of 3% in 2014 and 2.9% of GDP in
Chinese equity markets fell substantially late in Wednesday's trading session, after trading flat a day before. The Shanghai Composite Index fell 5.2% to 4,053.7 points, while the Shenzhen Composite Index shed 4.8% to 2,346.13 points, after being up as much as 2.4%. Meanwhile, the Shenzhen ChiNext Price Index declined 3.5% to 2,759.41 points by 9:00 AM GMT, after trading 5.2%
The HSBC China's June manufacturing PMI rose marginally to 49.4 from a May figure of 49.2, with a figure below 50 signalling a decrease in manufacturing. The June PMI reading further added to the declining activity in the manufacturing sector, as output fell for the month. China's manufacturing sector has been shedding large number of workers at a fastest rate
After advancing in value for two days, bullion prices fell by 0.3% to $1,176.35 an ounce by 06:45 AM GMT on Tuesday. Traders claim the drop in precious metal prices are explained by slower international demand, following the strengthening of the Greenback. Measured monthly, gold seems to be heading for a 1% decline.
Oil prices advanced, as negotiations on Iran's nuclear deal was set to miss the Tuesday's deadline. London-traded August Brent crude futures soared 1.5% to $62.93 a barrel and the New York-traded WTI futures for August rose 0.9% to $58.82 a barrel. If a deal were to be struck between Tehran and the West, it would allow Iran to export oil
According to official data released on Tuesday, UK economy was underestimated in 2014 and in the Q1 of 2015. British GDP grew 1.5% year-over-year versus the previous figure of 1.2%, moreover, the GDP rose 0.4% against the estimate of 0.3% in Q1 of 2015. In addition, the output expanded 3% in 2014, compared with the initial reading of 2.8%. Analysts
The New Zealand Dollar fell against its US peer down to 0.677, as downbeat business sentiment along with low building intentions raised expectations for further interest rate cuts. The New Zealand companies turned pessimistic about the economic outlook for the first time since 2011, after Deutsche Bank New Zealand predicted an interest rate cut in October reaching the level of
The German CPI reading dropped 0.1% in June despite the economists' expectations of a 0.1% gain. Measured annually, the Consumer price index rose 0.3% in June, while failing to reach the forecast of a 0.5% gain, following a 0.7% rise in May. The annual indicator remained positive for the fifth consecutive month, after retreating in January to the level seen
Equity markets across Europe declined, as investors were cautious about Greece's future in the Euro zone and European Union's future as a whole. The Stoxx Europe 600 lost 1.3% to 381 points, the DAX 30 slid 1.5% to 10,912 points, and the France's CAC 40 fell 1.5% to 4,796 points. Meanwhile, the Spain's IBEX 35 dropped 1.1% to 10,735 points