European shares plummeted and the shared currency depreciated, following the Greek voters' elimination of austerity measures, forcing the investors to choose safety of the bunds. The Stoxx Europe 600 slid 0.6% to 381.11 points by 10:30 AM GMT after the index tumbled 3.4% last week. Meanwhile, ten-year government bunds paid 0.73% versus 2.32% and 2.29% on Italian and Spanish bonds
The Swiss statistic's office stated that the CPI for the month of June saw a 0.1% rise, compared with a increase of 0.2% in May. The cost of living decreased 1%, compared to the June of 2014, lower than the market expectation of a 1.2% decline. The strengthening Swiss Franc has had its effects on the Swiss economy, as the
The Euro recovered some of the losses against the Dollar, after Yanis Varoufakis has surprisingly stepped down as the Greek Finance Minister. The common currency traded at 1.1058 against the greenback, or 0.5% lower by 7:30 AM GMT. After the results of the Greek referendum the Euro declined below the 1.10 level, as the the results increase the possibility of Greece's
Bullion spot prices inched up on the London exchange, after the US Bureau of Labor Statistics announced the last month's non-farm payrolls below the expectations, which resulted in the weaker Greenback. Gold was growing 0.4% to $1,167.60 per troy ounce at the start of European trading Friday. Among other precious metals, platinum was trading up 0.5% to $1,084.06 an ounce.
European shares contracted towards the biggest weekly decline in two months, while closely monitoring discussions over Greece referendum. The FTSEurofirst300 fell 0.2% to 1,524.75 by 07:00 AM GMT, in total reaching 3.1% drop for the week. Meanwhile Stoxx600 index retreated 0.1% to 385.01 by 09:45 AM GMT.
Crude-oil prices declined on Friday on US oil production and rig count increased. The New York-traded Crude futures fell 0.7% to $56.54 a barrel, while the London-traded Brent Crude futures slipped 0.7% to $62.13 a barrel by 9:00 AM GMT. The US oil-rig count increased for the first time in 29 weeks, as in the past week oil-rig figure increased
Service sector in France continued to expand in June, as activity growth sped up. June services PMI figure came out at 54.1, compared with May's 52.8, thus providing optimism for further expansion in the sector and in the French economy. This solid PMI figure could suggest that Gross Domestic Product in Q2 might add strong expansion on top of the
Chile's equity valuations are the most attractive since November 2009, as the stocks are cheaper than the rest of Latin America. The MSCI Chile index's price to future earnings ratio is seen at a discount first time in more than five years. Moreover, Latin America's biggest economy is expected to contract 1.3%, while Chile's should advance 2.7% this year.
The Australian Dollar continued to slide against the US Dollar on disappointing consumer spending data and slump in prices of iron ore. The Aussie dropped 0.8% to $0.7571 by 7:45 AM GMT, which is the three-month low, however, above the six-year low of $0.7533. Retail sales in Australia increased by 0.3% in May, compared with the expectation of 0.5%, and
Stock markets in the Asia-Pacific region showed mixed results ahead of the weekend and the Greek referendum. The Shanghai composite continued to slide, as it fell 5.9% on the day to 3,684 points and the Hong Kong's Hang Seng declined 0.5% to 26,163 points. Meanwhile, Nikkei 225 Index added 0.01% to 20,540, the Sensex Index rose 0.5% to 28,095 points,
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