Nikkei Hits Seven Year High, Aussie Dollar Drops After RBA Official’s Comments
November 13, 2014 7:39 am
Asian shares were resilient in the face of a cooling Chinese economy while oil prices flirted with multi-year lows, unable to stem a drawn-out decline on fears of a glut. The Nikkei ended 1.1% higher to close at 17,392.79, its highest closing level since June 2007. The Dow and S&P 500 ended slightly lower on Wednesday, breaking their five-day streak of record closing highs as energy and utility shares lost ground, while the Nasdaq climbed. The Dow closed at 17,612 whereas the S&P500 closed at 2,038.
The Greenback was up 0.2% at 115.74 Yen, nearing the seven-year high of 116.11 Yen reached on Tuesday, The Euro was flat at $1.2444, confined to a narrow range and managing to stay clear of a two-year low of $1.2358 hit last week. The Australian Dollar was down 0.25% at $0.8699 after Reserve Bank of Australia Assistant Governor Christopher Kent repeated that intervention to weaken the currency remained an option.
Within the equity space ITV revenue growth accelerated in the third quarter as the broadcaster and TV producer continued to generate television advertising revenues significantly ahead of the market. Total external revenues rose 8% to £1.8bn in the nine months to 30 September, up from 7% growth in the first half of the year, with broadcast and online revenues up 7% and online, pay and interactive up 24%. The stock is currently down just over 0.5% at 199p per share.
Data today sees US jobless claims at 1.30pm with the expected figure at 280k vs 278 previous.
Asian shares were resilient in the face of a cooling Chinese economy while oil prices flirted with multi-year lows, unable to stem a drawn-out decline on fears of a glut. The Nikkei ended 1.1% higher to close at 17,392.79, its highest closing level since June 2007. The Dow and S&P 500 ended slightly lower on Wednesday, breaking their five-day streak of record closing highs as energy and utility shares lost ground, while the Nasdaq climbed. The Dow closed at 17,612 whereas the S&P500 closed at 2,038.
The Greenback was up 0.2% at 115.74 Yen, nearing the seven-year high of 116.11 Yen reached on Tuesday, The Euro was flat at $1.2444, confined to a narrow range and managing to stay clear of a two-year low of $1.2358 hit last week. The Australian Dollar was down 0.25% at $0.8699 after Reserve Bank of Australia Assistant Governor Christopher Kent repeated that intervention to weaken the currency remained an option.
Within the equity space ITV revenue growth accelerated in the third quarter as the broadcaster and TV producer continued to generate television advertising revenues significantly ahead of the market. Total external revenues rose 8% to £1.8bn in the nine months to 30 September, up from 7% growth in the first half of the year, with broadcast and online revenues up 7% and online, pay and interactive up 24%. The stock is currently down just over 0.5% at 199p per share.
Data today sees US jobless claims at 1.30pm with the expected figure at 280k vs 278 previous.
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