Crude Prices Rise After Crude Oil Inventory Figures, Surprise Profit for RBS
July 30, 2015 6:30 am
The United States saw Crude Oil Inventories reduce yesterday, falling into negative territory from a previous result of 2.5m barrels to a negative result of 4.2m barrels. Federal Funds Rate remained flat at 0.25% and a pokerfaced FOMC meeting avoided any strong indication that an interest rate was set for September. Today at 13:30 UK time we are expecting a selection of figures from the US including the Unemployment Claims, Advance GDP and Goods Trade Balance. On Wall Street stocks rose yesterday with the tech heavy Nasdaq gaining 0.44%, the Dow Jones up 0.69% and the S&P finished up by 0.73%.
Dollar/Yen pushed up 0.1% to 124.1, the highest level so far this week. EUR/USD fell close to its weekly low, down 0.1% to 1.0955. The Dollar index gained ground to 97.22, rebounding from its two-week low hit on Monday of 96.288.
Overnight in Asian markets, stronger than expected growth in the US helped the Nikkei to rise 1.08%, whilst Australian shares added 0.8%.
In commodities, West Texas Intermediate crude was down 3 cents to $48.76 per barrel, having gained 81 cents yesterday. Brent Crude was trading 20 cents higher at $53.58 a barrel. Early morning trading has Gold trading at $1,087.8 per ounce, down 0.44%.
The Royal Bank of Scotland reported a modest increase in second quarter profit after securing £1.05bn in charges for the costs of restructuring its business and setting aside £459 million to deal with internal conduct and litigation issues. The stock is top of the FTSE 100 in early trade, up 4% at 367p per share.
Facebook released its quarterly figures last night after the closing bell; the company beat official estimates, but still saw its stock fall by nearly 3.5% in after-hours trading. However, the company revealed that it was closing in on both the 1 billion mark for active daily users and the 1.5 billion mark for active monthly users.
The United States saw Crude Oil Inventories reduce yesterday, falling into negative territory from a previous result of 2.5m barrels to a negative result of 4.2m barrels. Federal Funds Rate remained flat at 0.25% and a pokerfaced FOMC meeting avoided any strong indication that an interest rate was set for September. Today at 13:30 UK time we are expecting a selection of figures from the US including the Unemployment Claims, Advance GDP and Goods Trade Balance. On Wall Street stocks rose yesterday with the tech heavy Nasdaq gaining 0.44%, the Dow Jones up 0.69% and the S&P finished up by 0.73%.
Dollar/Yen pushed up 0.1% to 124.1, the highest level so far this week. EUR/USD fell close to its weekly low, down 0.1% to 1.0955. The Dollar index gained ground to 97.22, rebounding from its two-week low hit on Monday of 96.288.
Overnight in Asian markets, stronger than expected growth in the US helped the Nikkei to rise 1.08%, whilst Australian shares added 0.8%.
In commodities, West Texas Intermediate crude was down 3 cents to $48.76 per barrel, having gained 81 cents yesterday. Brent Crude was trading 20 cents higher at $53.58 a barrel. Early morning trading has Gold trading at $1,087.8 per ounce, down 0.44%.
The Royal Bank of Scotland reported a modest increase in second quarter profit after securing £1.05bn in charges for the costs of restructuring its business and setting aside £459 million to deal with internal conduct and litigation issues. The stock is top of the FTSE 100 in early trade, up 4% at 367p per share.
Facebook released its quarterly figures last night after the closing bell; the company beat official estimates, but still saw its stock fall by nearly 3.5% in after-hours trading. However, the company revealed that it was closing in on both the 1 billion mark for active daily users and the 1.5 billion mark for active monthly users.
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