Euro in Six-Session Straight Decline, New High for Shanghai Composite
April 14, 2015 5:51 am
U.S. stocks dipped on Monday as fears increased that the strong Dollar and lower oil prices will hurt U.S. first-quarter earnings, whereas Chinese shares extended their meteoric ascent to reach new heights on Tuesday, while much of the rest of Asia took a breather after recent hefty gains. The Dow fell 80 points to close at 17,977, the S&P500 eased 9 points to close at 2,092.
The Euro has fallen for six straight sessions, and was last down about 0.2% on the day at $1.0549, moving back toward its overnight low of $1.0520 and a 12-year trough of $1.0457 plumbed last month. The Dollar was down at 119.83 Yen, from an early 120.10, while the Euro languished at 126.78 Yen after reaching lows not seen since June 2013. Sterling slipped about 0.1% to $1.4656 but remained above a five-year low of $1.4567 hit on Monday. The Aussie edged up about 0.1% to $0.7594, after shedding 1.2% in the previous session toward a six-year trough of $0.7530 set earlier this month.
U.S. crude was quoted 46 cents firmer at $52.38, while Brent May crude added 48 cents to $58.39.
Emerging markets-focused fund management company Ashmore Group said on Tuesday its third-quarter assets under management fell by 4.1% to $61.1b, as clients pulled cash and it lost money on its investments. The stock is bottom of the FTSE 250 in early trade, down 2.4% at 300p per share.
U.S. stocks dipped on Monday as fears increased that the strong Dollar and lower oil prices will hurt U.S. first-quarter earnings, whereas Chinese shares extended their meteoric ascent to reach new heights on Tuesday, while much of the rest of Asia took a breather after recent hefty gains. The Dow fell 80 points to close at 17,977, the S&P500 eased 9 points to close at 2,092.
The Euro has fallen for six straight sessions, and was last down about 0.2% on the day at $1.0549, moving back toward its overnight low of $1.0520 and a 12-year trough of $1.0457 plumbed last month. The Dollar was down at 119.83 Yen, from an early 120.10, while the Euro languished at 126.78 Yen after reaching lows not seen since June 2013. Sterling slipped about 0.1% to $1.4656 but remained above a five-year low of $1.4567 hit on Monday. The Aussie edged up about 0.1% to $0.7594, after shedding 1.2% in the previous session toward a six-year trough of $0.7530 set earlier this month.
U.S. crude was quoted 46 cents firmer at $52.38, while Brent May crude added 48 cents to $58.39.
Emerging markets-focused fund management company Ashmore Group said on Tuesday its third-quarter assets under management fell by 4.1% to $61.1b, as clients pulled cash and it lost money on its investments. The stock is bottom of the FTSE 250 in early trade, down 2.4% at 300p per share.
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