Euro zone Finance Ministers Due to Meet Today, Apple Becomes First US Company to Top $700 Billion
February 11, 2015 7:00 am
Asian stock markets turned cautious on Wednesday while the U.S. Dollar crept higher as looming Euro zone meetings to discuss the Greek debt crisis threatened to produce more confusion than clarity. U.S. stocks rose on Tuesday on hopes that Greek debt negotiations could result in a deal that stabilizes Europe, while Apple helped lift both the S&P 500 and Nasdaq as it became the first U.S. company worth more than $700 billion. The Dow closed 139 points higher at 17,868, while the S&P500 rose 21 points to close at 2,058.
The Euro struggled to find any direction amid all the brinkmanship over Greece and last stood at $1.1317. The Dollar edged up 0.1% to 119.57 Yen. As of 05:33 GMT, its intraday high was 119.67 Yen, the Dollar’s strongest level since early January. Against the Yen, the Euro touched its highest level in about three weeks at 135.47 Yen. The Euro last traded at 135.34 Yen, up 0.1% on the day. The Australian Dollar inched up 0.1% to $0.7776. Earlier on Wednesday, the Australian Dollar had edged up to $0.7795 after domestic data showed strong consumer confidence and a robust housing market.
U.S. crude futures bounced 40 cents to $50.42 a barrel on news of a smaller-than-expected rise in crude inventories. Brent crude could only gain 6 cents to $56.49, having shed $1.91 on Tuesday.
Pay-TV group Sky has agreed to pay £4.2bn to show 126 live English Premier League matches a season from 2016 to 2019, pressured by fierce rival BT to smash analysts’ forecasts and secure the best games. The stock is down 5% in early trade at 907p per share.
Asian stock markets turned cautious on Wednesday while the U.S. Dollar crept higher as looming Euro zone meetings to discuss the Greek debt crisis threatened to produce more confusion than clarity. U.S. stocks rose on Tuesday on hopes that Greek debt negotiations could result in a deal that stabilizes Europe, while Apple helped lift both the S&P 500 and Nasdaq as it became the first U.S. company worth more than $700 billion. The Dow closed 139 points higher at 17,868, while the S&P500 rose 21 points to close at 2,058.
The Euro struggled to find any direction amid all the brinkmanship over Greece and last stood at $1.1317. The Dollar edged up 0.1% to 119.57 Yen. As of 05:33 GMT, its intraday high was 119.67 Yen, the Dollar’s strongest level since early January. Against the Yen, the Euro touched its highest level in about three weeks at 135.47 Yen. The Euro last traded at 135.34 Yen, up 0.1% on the day. The Australian Dollar inched up 0.1% to $0.7776. Earlier on Wednesday, the Australian Dollar had edged up to $0.7795 after domestic data showed strong consumer confidence and a robust housing market.
U.S. crude futures bounced 40 cents to $50.42 a barrel on news of a smaller-than-expected rise in crude inventories. Brent crude could only gain 6 cents to $56.49, having shed $1.91 on Tuesday.
Pay-TV group Sky has agreed to pay £4.2bn to show 126 live English Premier League matches a season from 2016 to 2019, pressured by fierce rival BT to smash analysts’ forecasts and secure the best games. The stock is down 5% in early trade at 907p per share.
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