Facebook Hits All-Time High in Out-of-Hours Trading After Earnings Release, Euro Hits 3.5 Month Low
November 5, 2015 7:33 am
Both US and Asian shares fell in their previous sessions with Asia breaking a two day rally after comments from Janet Yellen and the Fed signalled that the US economy may be gearing up for December rate hike, causing investors to pull out of riskier assets and sending short-term U.S. bond yields to 4-1/2-year highs. The Dow dropped 50 points to close at 17,867.58, the SP500 fell 7.48 points, or 0.35 percent, to 2,102.31; and the Nasdaq Composite dropped 2 to 5,142.48.
The Euro shed 0.9% on Wednesday and hit a three and a half month low of $1.08435. It last traded at $1.0862. The Yen also weakened to 121.42 against the Dollar – its lowest since Aug. 31 – and last stood at 121.58.
Gold slipped to a one-month low of $1,106.70 per ounce while Silver dropped to as low as $15.06 per ounce, also a one-month low. Oil prices erased their gains so far this week, falling 4% on Wednesday after new of rising U.S. crude inventories. Brent crude futures dropped to $48.91 per barrel from Tuesday’s three-week high of $50.91.
AstraZeneca’s third quarter revenues have been hit by foreign exchange woes, but the company has upgraded its revenue outlook for the year. The FTSE 100 pharmaceutical company posted its Q3 results to 30th September on Thursday. While year to date revenues are flat at constant exchange rates on the previous year at $18.3bn (£11.9bn), the quarter only brought in $5.9bn in total revenue, a 2% drop. The stock is trading 3% higher in early trade at 4240p per share.
Meanwhile, yesterday Facebook reported its results for the quarter, announcing a 11% year-on-year growth vs the same quarter last year, with advertising sales boosting revenue. The company is currently trading up by 4.10% pre-market; the stock earlier touched an all-time high of 108.52 in out-of-hours trading.
Both US and Asian shares fell in their previous sessions with Asia breaking a two day rally after comments from Janet Yellen and the Fed signalled that the US economy may be gearing up for December rate hike, causing investors to pull out of riskier assets and sending short-term U.S. bond yields to 4-1/2-year highs. The Dow dropped 50 points to close at 17,867.58, the SP500 fell 7.48 points, or 0.35 percent, to 2,102.31; and the Nasdaq Composite dropped 2 to 5,142.48.
The Euro shed 0.9% on Wednesday and hit a three and a half month low of $1.08435. It last traded at $1.0862. The Yen also weakened to 121.42 against the Dollar – its lowest since Aug. 31 – and last stood at 121.58.
Gold slipped to a one-month low of $1,106.70 per ounce while Silver dropped to as low as $15.06 per ounce, also a one-month low. Oil prices erased their gains so far this week, falling 4% on Wednesday after new of rising U.S. crude inventories. Brent crude futures dropped to $48.91 per barrel from Tuesday’s three-week high of $50.91.
AstraZeneca’s third quarter revenues have been hit by foreign exchange woes, but the company has upgraded its revenue outlook for the year. The FTSE 100 pharmaceutical company posted its Q3 results to 30th September on Thursday. While year to date revenues are flat at constant exchange rates on the previous year at $18.3bn (£11.9bn), the quarter only brought in $5.9bn in total revenue, a 2% drop. The stock is trading 3% higher in early trade at 4240p per share.
Meanwhile, yesterday Facebook reported its results for the quarter, announcing a 11% year-on-year growth vs the same quarter last year, with advertising sales boosting revenue. The company is currently trading up by 4.10% pre-market; the stock earlier touched an all-time high of 108.52 in out-of-hours trading.
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