Nasdaq Ends 10-Day Winning Streak, RBS Shares Down After 2014 Earnings Release
February 26, 2015 8:30 am
Asian shares prices edged away from five-month highs on Thursday, while the Dollar steadied after slipping on Federal Reserve Chair Janet Yellen’s indication that the U.S. central bank is in no hurry to hike interest rates. The S&P 500 closed down and the Nasdaq snapped a 10-session winning streak on Wednesday as investors took profits in Apple shares, while the Dow eked out another record high close. The Dow rose 15 points to close at 18,224, the S&P500 lost 1 point to close at 2,113.
The Euro edged up to $1.1364, up from this week’s trough of $1.1288, but remained stuck in a $1.12-$1.15 range held since hitting an 11-year trough of $1.1098 a month ago. Against the Yen, the Greenback slipped to 118.925 Yen, off this week’s high of 119.84. Yet, it too has been struggling for direction since peaking at a 7-1/2-year high of 121.86 Yen in early December. The Dollar, however, made a clear break lower against the Sterling. The Pound touched a two-month high of $1.5554. The Australian Dollar was down 0.5% at $0.7848 retreating from the one-month peak of $0.7903 touched overnight on upbeat Chinese flash HSBC/Markit PMI and the Greenback’s broad weakness.
Brent crude shed about 0.1 percent to $61.58 a barrel, while U.S. crude was down 0.4 percent at $50.78. Spot gold added about 0.5% on the day to $1,211.20 per ounce, rising for a second straight session and pulling away from a seven-week low hit on Tuesday.
Royal Bank of Scotland reported a 2014 loss of 3.5 billion pounds ($5.4 billion), hit by a write down on the value of its U.S. business Citizens Bank and new charges relating to foreign exchange investigations and mis-selling. RBS, which is 79% owned by the British taxpayer, also announced the appointment of ex-financial regulator Howard Davies as its new chairman. The stock is down 2.7% in early trade at 392p per share.
Asian shares prices edged away from five-month highs on Thursday, while the Dollar steadied after slipping on Federal Reserve Chair Janet Yellen’s indication that the U.S. central bank is in no hurry to hike interest rates. The S&P 500 closed down and the Nasdaq snapped a 10-session winning streak on Wednesday as investors took profits in Apple shares, while the Dow eked out another record high close. The Dow rose 15 points to close at 18,224, the S&P500 lost 1 point to close at 2,113.
The Euro edged up to $1.1364, up from this week’s trough of $1.1288, but remained stuck in a $1.12-$1.15 range held since hitting an 11-year trough of $1.1098 a month ago. Against the Yen, the Greenback slipped to 118.925 Yen, off this week’s high of 119.84. Yet, it too has been struggling for direction since peaking at a 7-1/2-year high of 121.86 Yen in early December. The Dollar, however, made a clear break lower against the Sterling. The Pound touched a two-month high of $1.5554. The Australian Dollar was down 0.5% at $0.7848 retreating from the one-month peak of $0.7903 touched overnight on upbeat Chinese flash HSBC/Markit PMI and the Greenback’s broad weakness.
Brent crude shed about 0.1 percent to $61.58 a barrel, while U.S. crude was down 0.4 percent at $50.78. Spot gold added about 0.5% on the day to $1,211.20 per ounce, rising for a second straight session and pulling away from a seven-week low hit on Tuesday.
Royal Bank of Scotland reported a 2014 loss of 3.5 billion pounds ($5.4 billion), hit by a write down on the value of its U.S. business Citizens Bank and new charges relating to foreign exchange investigations and mis-selling. RBS, which is 79% owned by the British taxpayer, also announced the appointment of ex-financial regulator Howard Davies as its new chairman. The stock is down 2.7% in early trade at 392p per share.
Related Posts: