Fed Comments Send US & Asian Indices Lower, RDS Shares Slump After Company Statement
January 29, 2015 7:01 am
Asian shares extended losses on Thursday after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates this year, despite an uncertain global outlook. U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector and comments from the Fed. The Dow closed 195 points lower at 17,191 and the S&P500 fell 27 points to 2,002.
The Dollar held its ground against most of its peers, but the Euro, already under renewed pressure on worries about Greece, dipped to $1.1275 and toward an 11-year trough of $1.1098 set first thing this week. Against the Yen, the Dollar added about 0.1% to 117.70 Yen.
U.S. crude futures were nearly flat on the day at $44.48, having sunk as low as $44.08 on Wednesday, their lowest since April 2009
Within the equity space Royal Dutch Shell are bottom of the FTSE100 after the oil major said it would lower its capital investment in 2015 and curtail overall spending by a total of $15 billion over the next 3 years in response to lower oil prices. The stock is down 4% in early trade at 2155p per share.
Asian shares extended losses on Thursday after the Federal Reserve took an upbeat view on the U.S. economy and signalled that it remains firmly on track to raise interest rates this year, despite an uncertain global outlook. U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector and comments from the Fed. The Dow closed 195 points lower at 17,191 and the S&P500 fell 27 points to 2,002.
The Dollar held its ground against most of its peers, but the Euro, already under renewed pressure on worries about Greece, dipped to $1.1275 and toward an 11-year trough of $1.1098 set first thing this week. Against the Yen, the Dollar added about 0.1% to 117.70 Yen.
U.S. crude futures were nearly flat on the day at $44.48, having sunk as low as $44.08 on Wednesday, their lowest since April 2009
Within the equity space Royal Dutch Shell are bottom of the FTSE100 after the oil major said it would lower its capital investment in 2015 and curtail overall spending by a total of $15 billion over the next 3 years in response to lower oil prices. The stock is down 4% in early trade at 2155p per share.
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