The US stocks were set to open in red, with stock futures declining on upcoming second-quarter GDP data. The DJIA futures dropped 0.2%, those for the Nasdaq 100 index slipped 0.1%, while the S&P 500 index futures dipped 0.2%. Meanwhile the GDP data due to the US today, could weight on the Federal Reserve decision on timing of the possible
Stocks around Europe opened higher as a lot of earning reports were published for a second day in a row, with Shell and Deutsche Bank among major gainers, while investors keep focusing on volatility in Chinese shares. The Stoxx 600 index edged 0.6% higher, both the French CAC and the British FTSE 100 rose by 0.6% at the open, while
The shared currency fell versus the US Dollar on Thursday, following the FOMC statement, with the Fed still considering to increase interest rate in September if the data comes in strong. The EUR/USD pair dipped to weekly lows around $1.0960. Meanwhile, data coming from Europe showed the number of unemployed in Germany rose by 9000 in July, while unemployment rate
Crude kept its downtrend on Thursday as the Greenback strengthened after the FOMC statement, which showed that the Fed remained on track for hiking rates in 2015. The WTI futures fell 0.2% to $48.69 a barrel, while Brent crude declined to $53.46 by 06:30 AM GMT. However, recent drop in the US oil inventories to five-month low over the last
The Japanese Yen fell slightly against the Greenback during the trading session in Asia, after FOMC gave no clear signals on the timeline of hiking interest rates. Moreover, the Bank of Japan's comments about concerns over Japan's economic strength sent the pair higher. The Dollar rose 0.15% to 124.1850 against the Japanese counterpart by 7:20 AM GMT and attempts to
The yellow metal slipped on Thursday, after FOMC statement pushed the US Dollar higher. The Dollar strengthened against its major counterparts, as investors speculate on the Fed's rate hike in September. The bullion futures declined 0.7% to 1,086 points by 7:00 AM GMT. Moreover, other dollar-denominated commodities followed the trend of gold and were lower early in the trading session.
Stocks markets across Asia showed mixed results, after the Fed stuck with the current interest rate levels. The Hang Seng was flat at 24,615 points, while the Nikkei 225 soared 20,523 points. Meanwhile, the Sensex rallied 1% to 27,845 points, however, the Singapore's FTSE Straits Times Index lost 0.8% to 3,257.37 points, while The Shanghai Composite fell 0.3% to 3,780
US pending home sales surprisingly declined in June, following five consecutive months of gains. While economists' forecast stood at plus 1%, pending home sales index based on June contracts slid 1.8% to 110.3, third highest level reported this year.
The pound jumped against the US Dollar after the BoE report showed that the number of mortgage approvals increased more than were anticipated in June. The Cable climbed to $1.5640 by 10:30 AM GMT, rebounding from 0.2% drop earlier. Meanwhile, the BoE's report, following yesterday's data on 0.7% growth in Britain's economy in second quarter, added to speculations on possible
The Canadian Dollar fell against its American counterpart, following another session of oversupply-driven decline in oil prices, while the Greenback strengthened ahead of the FOMC meeting. The Loonie dropped below $1.295 by 09.50 AM GMT, staying close to 2004 low. Considering the global glut in oil supply and possible rate hike in the US, the Canadian Dollar will continue to
US stock futures were marginally higher on Wednesday ahead of the Federal Open Market Committee's statement on economy and hints on rate hike timeline. The S&P 500 futures edged 0.1% higher to 2,090.25 points, the NASDAQ 100 Index rose 0.2% to 4,565 points, while the Dow Jones Industrial Average added 0.2% to 17,580 points by 9:25 AM GMT.
The Australian Dollar extended losses versus the Greenback on Wednesday as traders look ahead of Fed announcement. Moreover, commodities rout and high volatility in Chinese stocks dragged the Aussie lower, while stronger Kiwi also added to decline in its Australian counterpart. The AUD/USD pair slip 0.29% at $0.7314 by 08:10 AM GMT, after rebounding from $0.7300 lows.
The common currency declined against the Greenback after opening bell on Wednesday, as market participants anticipate Fed's statement later on. The Euro edged 0.01% lower to 1.1061 against the Dollar by 8:40 AM GMT but traded as much as 0.21% below today's opening price. Moreover, the shared currency added small gains against the Japanese and British counterparts.
European stocks rose on Wednesday amid large number of earning reports, while turmoil in Chinese equities still weights on the market. The Stoxx 600 was 0.5% higher at the open, both the French CAC and the Britain's FTSE 100 rose around 0.6%, while the German DAX increased 0.7%. Meanwhile, investors' attention is turned to Fed's meeting and to any clues
The New Zealand Dollar jumped against the Greenback after the comments of the RBNZ Governor Wheeler, who is satisfied by the performance of economy. Wheeler added that although the Kiwi weakness is required to maintain further growth of domestic economy, there is no necessity in massive OCR cut in the nearest future. Meanwhile, The NZD/USD pair edged 0.3% higher at
Oil futures continued to slide on Wednesday, as strengthening Greenback and softening demand for commodities were weighing on oil prices. The New York traded WTI fell 0.8% to $47.59 a barrel, while across the pond the Brent Crude futures traded 0.8% lower to $52.85 a barrel by 8:10 AM GMT. Moreover, later in the day, Crude inventory data will be
The Shanghai Composite closed out Wednesday's trading session higher, thus ending four-session losing streak, however, rest of the markets in Asia recorded mixed results. The Shanghai Composite rose 3.4% to 3,789 points, the Hang Seng edged 0.4% higher to 24,610 points, while the Sensex advanced 0.5% to 27,600. Meanwhile, Nikkei 225 lost 0.1% to 20,303 points by 8:00 AM GMT.
US consumer confidence dropped steeply in July, following an increase in June. The Conference Board's Consumer Confidence Index tumbled to 90.9 this month, being well below the forecasts, as consumers' short-term expectations decreased. The percentage of those who expected business conditions to amend in 2015 slid from 17.9% to 14.7%, while the number of consumers expecting the conditions to deteriorate
New Zealand shares declined sharply today, as the Wall Street's 'fear gauge' increased to its highest level in two weeks amid 8.5% drop in China's Shanghai Composite index the previous day. The S&P/NZX 50 Index lost 23.68 points, or 0.4%, falling to 5848.38. Inside the benchmark index, eight stocks jumped, thirty seven slid and only five remained unchanged.
Concerns over weaker imports to China along with a stronger Greenback (against the background of the expected US interest rate hike in September) dragged the price of the precious metal down even further today, leaving it near the 2010 low. Bullion's futures were down 0.40% to settle at $1,092 per ounce. Some experts believe Chinese gold imports will fall 40%
The Pound jumped against the Greenback on Tuesday, following the growth in the UK economy, showed in the second quarter. The Cable rose 0.17% to $1.5585, after being traded in red before the announcement of GDP data, which met the forecasts of 0.7% growth in Q2. The favourable economic-output numbers could trigger the BoE to consider the possible interest rate
The US stock indices are set to open higher on Tuesday, on highly awaited Fed meeting. Moreover, traders are anticipating consumer-confidence data later in the day. The NASDAQ 100 Index rose 0.4% to 4,540.75 points, the S&P 500 futures advanced 0.5% to 2,075.25 points, while the futures of Dow Jones Industrial Average rose 0.4% to 17,475 points by 9:15 AM
Stock markets across Europe edged higher on Tuesday, even though Chinese equities recorded losses for the second straight day. The Stoxx 600 advanced 0.5% to 388 points, the DAX 30 edged 0.3% to 11,093 points, while the CAC 40 added 0.4% to 4,947 points. Furthermore, Spain's IBEX 35 rose 0.5% to 11,207 points, the FTSE MIB soared 1.2% to 23,078
The Pound jumped after the British economy grew in line with economist expectations. The UK's Gross Domestic Product rose by 0.7% in Q2, while it grew year-over-year slightly below the market expectations at 2.6%. The main driver behind growth was the service sector, which makes up 78% of the total economic output. The Pound rose 0.35% to 1.4075 against the