Brent Crude Touches $63 per Barrel, Full Stream Ahead for Netflix
April 16, 2015 6:18 am
Most Asian share markets took cues from a global surge in equities and rose on Thursday, while weak U.S. economic data sent the Dollar lower whilst U.S. stocks closed higher on Wednesday, fuelled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought. The Dow closed 75 points higher at 18,112, the S&P500 gained 10 points to close at 2,106.
The Euro rose 0.1% to $1.0686, adding to overnight gains. The Dollar, which neared 121 Yen at the start of the week, was up 0.2% at 119.33 after slipping to 118.79 overnight. The Australian Dollar was up 1% at $0.7755 after a potential sign that the labour market was not as weak as many had assumed.
Brent crude rose as high as $63.10 a barrel, highest since December 2014. U.S. crude was up 0.1% at $56.44 a barrel after jumping nearly 6% on Wednesday.
In the equities space, Netflix’s earnings showed an increase in year-on-year revenue; the video-streaming service also exceeded expectations by adding 5 million new users in Q1 2015. The company’s share price rose by 11.79% in after-hours trading. Firms due to report their earnings figures today include American Express, Citigroup and Goldman Sachs.
Most Asian share markets took cues from a global surge in equities and rose on Thursday, while weak U.S. economic data sent the Dollar lower whilst U.S. stocks closed higher on Wednesday, fuelled by gains in oil companies and speculation that upcoming first-quarter earnings reports might not be quite as weak as previously thought. The Dow closed 75 points higher at 18,112, the S&P500 gained 10 points to close at 2,106.
The Euro rose 0.1% to $1.0686, adding to overnight gains. The Dollar, which neared 121 Yen at the start of the week, was up 0.2% at 119.33 after slipping to 118.79 overnight. The Australian Dollar was up 1% at $0.7755 after a potential sign that the labour market was not as weak as many had assumed.
Brent crude rose as high as $63.10 a barrel, highest since December 2014. U.S. crude was up 0.1% at $56.44 a barrel after jumping nearly 6% on Wednesday.
In the equities space, Netflix’s earnings showed an increase in year-on-year revenue; the video-streaming service also exceeded expectations by adding 5 million new users in Q1 2015. The company’s share price rose by 11.79% in after-hours trading. Firms due to report their earnings figures today include American Express, Citigroup and Goldman Sachs.
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