Oil Prices Down After Saudi Arabia Ends Yemen Campaign, Tesco Announces its Worst Annual Loss Ever
April 22, 2015 6:40 am
Asian equities were mostly firmer on Wednesday with stimulus-fuelled Chinese shares taking the lead, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East. U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high (5,014) following a proposed biotech merger. The Dow closed 85 points lower at 17,949, the SP500 lost 3 points to close 2,097.
The Euro drifted down about 0.1% to 128.29 Yen, moving back toward its overnight low of 127.45. Against the Greenback, the Euro slipped about 0.1% to $1.0722. The Euro drifted down about 0.1% to 128.29 Yen, moving back toward its overnight low of 127.45. Against the Greenback, the Euro slipped about 0.1% to $1.0722. The Dollar last stood at 119.66 Yen, flat on the day and not far from a one-week high of 119.83 Yen set overnight. The Australian Dollar was up about 0.7% at $0.7759 after rising as high as $0.7772, after core inflation – one of the Reserve Bank of Australia’s favoured price measures – rose 0.6% in the first quarter, a touch higher than a forecast of 0.5%
Brent for June delivery was down 43 cents at $61.65 a barrel by 0650 GMT, after settling $1.27 lower on Tuesday. U.S. crude for June delivery was 70 cents lower at $55.91 a barrel. The May contract, which expired on Tuesday, ended down $1.12
Within the equity space, Britain’s biggest retailer Tesco posted the worst annual loss in its 96-year history after writing down the value of its stores by £4.7bn Tesco’s trading profit was £1.4bn, in line with company guidance but less than half of the £3.3bn made the year before and a third straight year of decline. The stock was trading 0.5% higher in early trade at 235p per share.
Asian equities were mostly firmer on Wednesday with stimulus-fuelled Chinese shares taking the lead, while oil sagged after Saudi Arabia ended its military campaign in Yemen, easing tensions in the energy-rich Middle East. U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high (5,014) following a proposed biotech merger. The Dow closed 85 points lower at 17,949, the SP500 lost 3 points to close 2,097.
The Euro drifted down about 0.1% to 128.29 Yen, moving back toward its overnight low of 127.45. Against the Greenback, the Euro slipped about 0.1% to $1.0722. The Euro drifted down about 0.1% to 128.29 Yen, moving back toward its overnight low of 127.45. Against the Greenback, the Euro slipped about 0.1% to $1.0722. The Dollar last stood at 119.66 Yen, flat on the day and not far from a one-week high of 119.83 Yen set overnight. The Australian Dollar was up about 0.7% at $0.7759 after rising as high as $0.7772, after core inflation – one of the Reserve Bank of Australia’s favoured price measures – rose 0.6% in the first quarter, a touch higher than a forecast of 0.5%
Brent for June delivery was down 43 cents at $61.65 a barrel by 0650 GMT, after settling $1.27 lower on Tuesday. U.S. crude for June delivery was 70 cents lower at $55.91 a barrel. The May contract, which expired on Tuesday, ended down $1.12
Within the equity space, Britain’s biggest retailer Tesco posted the worst annual loss in its 96-year history after writing down the value of its stores by £4.7bn Tesco’s trading profit was £1.4bn, in line with company guidance but less than half of the £3.3bn made the year before and a third straight year of decline. The stock was trading 0.5% higher in early trade at 235p per share.
Related Posts: