ECB Further QE Prospects See Markets Rise Worldwide, TalkTalk Hit by Major Hack
October 23, 2015 6:54 am
After the ECB signalled it was ready to extend its QE programme, US stocks had a strong one day session, with the S&P500 gaining 33 points, closing at a two month high of 2052 and Wall St rallying 320 points to close at 17489. The rally was extended in Asia with the Nikkei closing at its highest level since late August, climbing 2% to finish the week at 18825.
The Euro gained 0.1% to $1.1116 on Friday, after earlier falling to a two-month low of $1.1072. The Dollar was also steady against the Yen at 120.69, after touching a one-month high of 120.99 earlier.
Brent added 0.8% to $48.44 a barrel, but was on track for a weekly loss of 4%. U.S. crude added 0.5% to $45.60 but was down 3.5 percent for the week. The stronger Dollar weighed on spot gold prices; gold was last trading at $1,168.4 an ounce after touching a nine-day low of $1,162.50 overnight, and was down 0.8% for the week.
Within the equity space Anglo American reported a 2% rise in Q3 production. The miner also said on Thursday it was postponing major project investment decisions at its platinum unit until at least 2017 and had cut diamond production in the face of soft demand. The stock is down 1% in early trade at 592p per share.
UK broadband provider TalkTalk has been hit by a major cyber-attack, with the firm admitting that the hackers may have gained access to users’ banking details. TalkTalk’s share price is currently down by 7.64%, having dropped as low as 10% earlier this morning.
After the ECB signalled it was ready to extend its QE programme, US stocks had a strong one day session, with the S&P500 gaining 33 points, closing at a two month high of 2052 and Wall St rallying 320 points to close at 17489. The rally was extended in Asia with the Nikkei closing at its highest level since late August, climbing 2% to finish the week at 18825.
The Euro gained 0.1% to $1.1116 on Friday, after earlier falling to a two-month low of $1.1072. The Dollar was also steady against the Yen at 120.69, after touching a one-month high of 120.99 earlier.
Brent added 0.8% to $48.44 a barrel, but was on track for a weekly loss of 4%. U.S. crude added 0.5% to $45.60 but was down 3.5 percent for the week. The stronger Dollar weighed on spot gold prices; gold was last trading at $1,168.4 an ounce after touching a nine-day low of $1,162.50 overnight, and was down 0.8% for the week.
Within the equity space Anglo American reported a 2% rise in Q3 production. The miner also said on Thursday it was postponing major project investment decisions at its platinum unit until at least 2017 and had cut diamond production in the face of soft demand. The stock is down 1% in early trade at 592p per share.
UK broadband provider TalkTalk has been hit by a major cyber-attack, with the firm admitting that the hackers may have gained access to users’ banking details. TalkTalk’s share price is currently down by 7.64%, having dropped as low as 10% earlier this morning.
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