Asian Stocks Closed in Negative Territory In View of a Possible Raise in US Interest Rates
September 15, 2015 5:46 am
Asian Stocks continued to lack direction and US stocks closed in negative territory after caution remained high on investors’ minds on whether the US will raise interest rates on Thursday as well as more worse than expected economic data came out of China, adding to the possibility that we may see further stimulus from the region. The Dow lost 62 points to close at 16,370.96, the S&P 500 gave back 8 points to end at 1,953.03.
The Japanese yen moved higher after the BOJ refrained from any new policy steps, with the dollar trading at 120.04 yen, down 0.2%. The euro slid 0.1% to 135.93 yen whereas against the dollar the common currency moved up to $1.132. The Aussie’s rally stopped at $0.7166. The currency last stood at $0.7133, as it gave up gains also after the minutes of the Reserve Bank of Australia’s September policy contained few surprises and triggered profit-taking.
U.S. crude rose about 0.4% to $44.16 a barrel, caused by a drop in U.S. supplies. It shed 1.4% on Monday. Brent crude saw its early gains erased, slipping 0.2% to $46.28, after it dropped 3.7% on Monday to its lowest level in two weeks. Spot gold edged down about 0.1 percent to $1,106.73 an ounce.
This morning brings more M&A activity chatter in the equity markets after Thomas Cook could get swept up in a wave of mergers in the travel industry.. Talk also cited that TUI Travel or Fosun, bidding directly or via Thomas Cook may launch a play for Swiss tour operator Kuoni. Thomas Cook Stock opened 2% higher at 116p per share.
Asian Stocks continued to lack direction and US stocks closed in negative territory after caution remained high on investors’ minds on whether the US will raise interest rates on Thursday as well as more worse than expected economic data came out of China, adding to the possibility that we may see further stimulus from the region. The Dow lost 62 points to close at 16,370.96, the S&P 500 gave back 8 points to end at 1,953.03.
The Japanese yen moved higher after the BOJ refrained from any new policy steps, with the dollar trading at 120.04 yen, down 0.2%. The euro slid 0.1% to 135.93 yen whereas against the dollar the common currency moved up to $1.132. The Aussie’s rally stopped at $0.7166. The currency last stood at $0.7133, as it gave up gains also after the minutes of the Reserve Bank of Australia’s September policy contained few surprises and triggered profit-taking.
U.S. crude rose about 0.4% to $44.16 a barrel, caused by a drop in U.S. supplies. It shed 1.4% on Monday. Brent crude saw its early gains erased, slipping 0.2% to $46.28, after it dropped 3.7% on Monday to its lowest level in two weeks. Spot gold edged down about 0.1 percent to $1,106.73 an ounce.
This morning brings more M&A activity chatter in the equity markets after Thomas Cook could get swept up in a wave of mergers in the travel industry.. Talk also cited that TUI Travel or Fosun, bidding directly or via Thomas Cook may launch a play for Swiss tour operator Kuoni. Thomas Cook Stock opened 2% higher at 116p per share.
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