Brent and US Crude Futures Rise, Sainsbury’s Posts 6th Straight Quarter Decline in Underlying Sales
June 10, 2015 6:11 am
US stocks ended the session more or less flat on Tuesday, although the S&P500 bounced back from a three day losing streak, buoyed by consumer and financial shares. In Asia, shares rebounded from three month lows; however, the threat of higher borrowing costs in the US and the lack of progress in Greek debt negotiations have dented investors’ confidence.
The Euro was little changed at $1.1296, the Dollar fell as low as 122.77 Yen from the day’s high of 124.63 and last stood at 123.03. The Aussie Dollar fell a quarter of a U.S. cent to $0.7650 in reaction to the country’s central bank’s indication that it is open to the possibility of further policy easing.
Brent crude futures rose 1%, or 68 cents, to $65.55 a barrel. U.S. crude climbed 1.6%, or 92 cents, to $61.06 a barrel.
There is further woe for British supermarket Sainsbury’s on Wednesday after the firm posted a sixth straight quarter of declining underlying sales as deflation continued to weigh on the business. The stock initially opened flat, but is currently up by 1.5% at 252.74p.
US stocks ended the session more or less flat on Tuesday, although the S&P500 bounced back from a three day losing streak, buoyed by consumer and financial shares. In Asia, shares rebounded from three month lows; however, the threat of higher borrowing costs in the US and the lack of progress in Greek debt negotiations have dented investors’ confidence.
The Euro was little changed at $1.1296, the Dollar fell as low as 122.77 Yen from the day’s high of 124.63 and last stood at 123.03. The Aussie Dollar fell a quarter of a U.S. cent to $0.7650 in reaction to the country’s central bank’s indication that it is open to the possibility of further policy easing.
Brent crude futures rose 1%, or 68 cents, to $65.55 a barrel. U.S. crude climbed 1.6%, or 92 cents, to $61.06 a barrel.
There is further woe for British supermarket Sainsbury’s on Wednesday after the firm posted a sixth straight quarter of declining underlying sales as deflation continued to weigh on the business. The stock initially opened flat, but is currently up by 1.5% at 252.74p.
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