Disney Suffers Drastic Drop After Profits Fall, Brent Crude at 6-Month Low
August 6, 2015 6:43 am
Asian shares ended lower on Thursday whilst US stocks were mixed in the previous session after comments from the Fed cooled expectations for a September rate hike and worst than expected results from Disney meant the stock had its largest daily drop in nearly seven years. The Dow fell 10 points to close at 17,540, the S&P500 gained 6 points to close at 2,099.
The Dollar hit a two month peak against the Yen and last traded at 124.79. The Euro bounced back against the dollar to £1.0902 after hitting a two week low of $1.0847. NZD hit a six year low against the Dollar, last trading around the £0.6538 level. The Aussie also dipped against the Dollar to trade 0.3% lower at $0.7332. Sterling also climbed out of Wednesday’s two-week trough of $1.5526 to buy $1.5619, up 0.1 per cent, as investors bet that a “Super Thursday” of Bank of England publications would take it closer to its first increase in rates in nearly a decade.
Within the commodity space, Brent crude, the global oil benchmark, hit a six-month bottom of $49.02 per barrel, its lowest since late January. Gold was trading around the 1086 level; London copper edged up 0.6% and aluminium rose 0.3% from a six-year low as Chinese data weighed on industrial metals, capped by a stronger Dollar.
Within the equity space, British insurer Aviva on Thursday posted a forecast-beating half-year operating profit, boosted by higher premiums in general insurance and ahead-of-schedule integration of recent purchase Friends Life. The stock was up 1% in early trade at 529p per share. Over in the US Disney stock plummeted yesterday after announcing a fall in profits; the company’s share price dropped by 9.21%.
Asian shares ended lower on Thursday whilst US stocks were mixed in the previous session after comments from the Fed cooled expectations for a September rate hike and worst than expected results from Disney meant the stock had its largest daily drop in nearly seven years. The Dow fell 10 points to close at 17,540, the S&P500 gained 6 points to close at 2,099.
The Dollar hit a two month peak against the Yen and last traded at 124.79. The Euro bounced back against the dollar to £1.0902 after hitting a two week low of $1.0847. NZD hit a six year low against the Dollar, last trading around the £0.6538 level. The Aussie also dipped against the Dollar to trade 0.3% lower at $0.7332. Sterling also climbed out of Wednesday’s two-week trough of $1.5526 to buy $1.5619, up 0.1 per cent, as investors bet that a “Super Thursday” of Bank of England publications would take it closer to its first increase in rates in nearly a decade.
Within the commodity space, Brent crude, the global oil benchmark, hit a six-month bottom of $49.02 per barrel, its lowest since late January. Gold was trading around the 1086 level; London copper edged up 0.6% and aluminium rose 0.3% from a six-year low as Chinese data weighed on industrial metals, capped by a stronger Dollar.
Within the equity space, British insurer Aviva on Thursday posted a forecast-beating half-year operating profit, boosted by higher premiums in general insurance and ahead-of-schedule integration of recent purchase Friends Life. The stock was up 1% in early trade at 529p per share. Over in the US Disney stock plummeted yesterday after announcing a fall in profits; the company’s share price dropped by 9.21%.
Related Posts: