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
Chinese stocks grew for the second day on Friday following an unprecedented government intervention to stabilise its plunging stock market. The Shanghai Composite Index surged 4.5% to 3877.8 points intraday adding to the previous day's 5.8% gain. Index's rebound pared losses to 25% since its highs in June 12.
The New Zealand Dollar traded slightly higher against the Greenback on Friday, as investors focused on the Greek crisis and upcoming Janet Yellen's speech about the US economic outlook. The Kiwi rose 0.2% to 0.6753 against the US Dollar by 8:40 AM GMT, thus the Kiwi is higher for the third straight day. The Reserve Bank of New Zealand is
Gold inched higher on Friday, as the Euro strengthened on hopes that Greece will not exit the Euro zone by accepting a deal from its creditors. Spot gold was 0.3% higher to $1,162.5 an ounce by 8:15 AM GMT. On Wednesday gold touched the $1,146.75 an ounce on Wednesday, the lowest price since March 18th. The Euro strengthened against the
Stocks across Europe traded higher on Friday, as investors felt optimistic that a deal will be signed between Greece and its creditors. The Stoxx 600 Index gained 1.6% to 387 points, the DAX 30 jumped 2.2% to 11,237 points, and the FTSE 100 rose 0.9% to 6,656 points. Meanwhile, the CAC 40 added 2.45% to 4,874 points, and the Spain's
Oil futures rallied on Friday amid rebound in the Chinese stocks and the weakening Dollar, while investors kept an eye on Iran's nuclear talks. New York-traded NYMEX traded 1.8% higher to $53.70 a barrel and the London-traded Brent Crude rose 1.7% to $59.85 a barrel by 7:20 AM GMT. On Friday, major Chinese equity indexes rallied between two and five
Bank of England decided to leave its policies unchanged amid mixed signals from macroeconomic data and the uncertainty over Greece's future in the Euro zone. England's central bank kept its key benchmark interest rate at 0.5%, which has not changed since March 2009. Economists predict that the Bank of England's first interest rate hike will come in the Q1 of
Chinese stocks rose the most in six years on Thursday, while rest of the stock markets in Asia-Pacific region added modest gains. The Shanghai Composite jumped 5.8% to 3709.33 points, the Hong Kong's Hang Seng Index rose 3.7% to 24,393 points, while the Nikkei 225 gained 0.6% to 19,856 points. Meanwhile, Sensex fell 0.4% to 27,574 points and the Australia's
Stock markets across Europe rose on Thursday, as the Chinese stock market regained some of its losses and the deadline for the Greek talks approached without a deal in sight. The Stoxx 600 soared 1.6% to 379 points, the DAX 30 gained 1.5% to 10,911 points, while the FTSE 100 rose 0.9% to 6,547 points. Meanwhile, the IBEX 35 added
Germany's trade surplus swelled to a record-high in May on increasing foreign demand for German goods. Europe's largest economy's trade surplus rose to 22.8 billion euros from 21.5 billion euros in April, however, economists had forecasted only a surplus of 20.3 billion euros. Moreover, exports increased by 1.7% from previous month to 102.1 billion euros, while inbound shipments rose 0.4%
Bank of England will most probably not raise the rates on Thursday, following the Greek uncertainties and unconvincing domestic economic picture, therefore keeping it at a 0.5% level. UK inflation in May was 0.1%, far from the BOE's target of 2%, meanwhile some concerns about downward pressure are raised by the appreciating Sterling.
Crude futures gained on Thursday, as the Chinese equity markets rallied approximately 5.5% on the day. However, investors are still cautious about the Chinese stock market, crisis in Greece and rising crude reserves. New York-traded WTI rose 1.6% to $52.48 a barrel, while London-traded Brent Crude added 1.1% to $58.02 a barrel by 7:15 AM GMT. During the past week
The Yen traded higher against the Dollar and the Euro on Wednesday, amid turmoil in Greece and selloff in China. The Yen rose 0.5% higher to 134.02 against the common currency while it rose 0.8% to 121.53 against the Greenback by 8:00 AM GMT. Moreover, Japan's current account surplus in May reached 1.8 trillion yen, which is the biggest figure
Gold prices declined to four-month low, as investors chose other safer assets amid the Greek crisis and bear stock market in China. Bullion futures fell 0.4% to $1,147.5 per ounce by 7:30 AM GMT. Analysts stated that the selloff in Chinese equities is pushing commodity prices lower, and the uncertainty over Greece is forcing investors to sell commodities and invest
The shared currency contracted on Tuesday amid deepening political uncertainty regarding Greece. Intraday the Euro zone's currency sank 0.9% to 1.0959, which is the lowest level since June 2015. Nevertheless, the Greenback is also affected by essential US data, while the investors are monitoring the Fed on its decision to raise interest rates September.
Australia's stock markets closed higher on Tuesday with main contributors coming from financial, telecom services and consumer discretionary sectors. The S&P/ASX 200 added 1.94% to 5,581.4 points, while the S&P/ASX 200 VIX showing the S&P/ASX 200 options' implied volatility contracted 11% to 17.8 points.
Stocks in European markets retreat, especially those recognized as vulnerable to Greece's contagion. Italy's and Portugal's stocks sank more than 3.8%, while benchmark indexes lost 2% in Germany and France on Monday. Moreover, half of the 18 stock markets in Western Europe have lost at least 10% of their value from the 2015 highs.
US stocks are set to open lower on Monday, as worries over possible Greek exit from the Euro zone increased. The futures for Dow Jones Industrial Average fell 0.8% to 17,514 points, the S&P 500 futures dropped 0.7% to 2,054 points, while Nasdaq 100 Index was down 0.8% to 4,392 points by 11:40 AM GMT. The selloff occurred after approximately