New High for the S&P500, Tesco Announces New Chairman
February 18, 2015 8:00 am
Asian equities rose on Wednesday as pessimism over the Greek debt saga receded somewhat, while the Dollar held firm against the Yen after spiking up on higher U.S. debt yields. US markets saw gains as optimism grew that a debt deal would be reached with Greece and as bond prices sold off. The Dow closed 28 points higher to close at 18,047 and the S&P500 gained 3 points to close at a record high of 2,100.
The Euro was steady at $1.1406 after gaining 0.4% the previous day on Greek optimism. The Dollar hovered around 119.00 Yen after jumping from a low of 118.235 overnight. Against the Yen, the Euro stood at 135.87 Yen, down 0.1% on the day but well above Tuesday’s low of 133.96 Yen. The Australian Dollar fetched $0.7826 and was in sight of this month’s peak of $0.7877.
U.S. crude oil was down 25 cents at $53.28 a barrel as the market took a breather after rallying earlier in the week amid threats to Middle East production and a falling U.S. rig count. Benchmark Brent crude futures were down 29 cents at $62.24 a barrel.
Within the equity space, Britain’s biggest retailer has named its new chairman. John Allan will be succeeding Richard Broadbent at Tesco; Mr Broadbent said in October he would step down in the wake of the supermarket’s 263 million pounds ($403 million) profit overstatement. The news was taken well by the market, with the stock currently trading up by around 0.6%.
Asian equities rose on Wednesday as pessimism over the Greek debt saga receded somewhat, while the Dollar held firm against the Yen after spiking up on higher U.S. debt yields. US markets saw gains as optimism grew that a debt deal would be reached with Greece and as bond prices sold off. The Dow closed 28 points higher to close at 18,047 and the S&P500 gained 3 points to close at a record high of 2,100.
The Euro was steady at $1.1406 after gaining 0.4% the previous day on Greek optimism. The Dollar hovered around 119.00 Yen after jumping from a low of 118.235 overnight. Against the Yen, the Euro stood at 135.87 Yen, down 0.1% on the day but well above Tuesday’s low of 133.96 Yen. The Australian Dollar fetched $0.7826 and was in sight of this month’s peak of $0.7877.
U.S. crude oil was down 25 cents at $53.28 a barrel as the market took a breather after rallying earlier in the week amid threats to Middle East production and a falling U.S. rig count. Benchmark Brent crude futures were down 29 cents at $62.24 a barrel.
Within the equity space, Britain’s biggest retailer has named its new chairman. John Allan will be succeeding Richard Broadbent at Tesco; Mr Broadbent said in October he would step down in the wake of the supermarket’s 263 million pounds ($403 million) profit overstatement. The news was taken well by the market, with the stock currently trading up by around 0.6%.
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