Glencore Begins Share Sale, US Fed Interest Rate Decision Tomorrow
September 16, 2015 10:56 am
US markets saw small gains after the markets prepared for the possibility of an interest hike in the US in tomorrow’s Fed meeting. On Wall Street stocks rose yesterday with the tech heavy Nasdaq gaining 1.14%, the Dow Jones up 1.40% and the S&P up by 1.28%.
Dollar/Yen is currently around 120.14, having fallen 0.2%. EUR/USD is currently trading up 0.2 % on the day around 1.1289. The Dollar Index is continuing its three day rebound from its three week low hit on Monday of 95.125 and is currently at around 95.505.
Oil today was pushed higher by rallying stocks and cheaper petrol prices. West Texas Intermediate crude is at $44.88 per barrel, up on the day 0.7%. Brent Crude is trading around $47.82 barrel. Early morning trading has Gold trading at $1104.8 per ounce, down 0.06%.
Glencore, the British mining and trading group has begun a share sale representing almost 10 percent of its issued capital as part of its previously announced plans to cut debt. On Wednesday, Glencore announced it has raised $2.5 billion through a share placement.
US markets saw small gains after the markets prepared for the possibility of an interest hike in the US in tomorrow’s Fed meeting. On Wall Street stocks rose yesterday with the tech heavy Nasdaq gaining 1.14%, the Dow Jones up 1.40% and the S&P up by 1.28%.
Dollar/Yen is currently around 120.14, having fallen 0.2%. EUR/USD is currently trading up 0.2 % on the day around 1.1289. The Dollar Index is continuing its three day rebound from its three week low hit on Monday of 95.125 and is currently at around 95.505.
Oil today was pushed higher by rallying stocks and cheaper petrol prices. West Texas Intermediate crude is at $44.88 per barrel, up on the day 0.7%. Brent Crude is trading around $47.82 barrel. Early morning trading has Gold trading at $1104.8 per ounce, down 0.06%.
Glencore, the British mining and trading group has begun a share sale representing almost 10 percent of its issued capital as part of its previously announced plans to cut debt. On Wednesday, Glencore announced it has raised $2.5 billion through a share placement.
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