Euro Drops as Talks Stall, Brent Crude Futures over $62 per Barrel
February 17, 2015 6:39 am
U.S. stock futures and many share markets in Asia retreated on Tuesday after talks between Greece and Euro zone finance ministers broke down in acrimony, stoking fresh uncertainty over a bailout program that Athens has rejected as “absurd”. US Markets were shut yesterday for Presidents day.
The Euro slipped to $1.1322, more than a full Cent below Monday’s high of $1.14295, before erasing losses to trade at $1.1359. It kept some distance from last week’s low of $1.1270 and its 11-year trough of $1.1098 hit on Jan. 26. The Yen also held firm at 118.50 to the Dollar, keeping its gain from one-month lows of 120.48 hit last week.
Brent crude futures gained more than 1.0 percent to$62.09 per barrel, near an eight-week high of $62.57 on Monday, gaining 38.5 percent from a six-year low hit in January. London copper slipped on Tuesday under some pressure from a slightly stronger Dollar, with traders winding down positions.
InterContinental Hotels Group, one of the world’s largest hoteliers, posted a 10 percent rise in 2014 profit, led by strong growth in its core North American market. The stock was down 1.5% in early trade at 2449p per share.
U.S. stock futures and many share markets in Asia retreated on Tuesday after talks between Greece and Euro zone finance ministers broke down in acrimony, stoking fresh uncertainty over a bailout program that Athens has rejected as “absurd”. US Markets were shut yesterday for Presidents day.
The Euro slipped to $1.1322, more than a full Cent below Monday’s high of $1.14295, before erasing losses to trade at $1.1359. It kept some distance from last week’s low of $1.1270 and its 11-year trough of $1.1098 hit on Jan. 26. The Yen also held firm at 118.50 to the Dollar, keeping its gain from one-month lows of 120.48 hit last week.
Brent crude futures gained more than 1.0 percent to$62.09 per barrel, near an eight-week high of $62.57 on Monday, gaining 38.5 percent from a six-year low hit in January. London copper slipped on Tuesday under some pressure from a slightly stronger Dollar, with traders winding down positions.
InterContinental Hotels Group, one of the world’s largest hoteliers, posted a 10 percent rise in 2014 profit, led by strong growth in its core North American market. The stock was down 1.5% in early trade at 2449p per share.
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