Oil Prices Still Falling, Shire Announces Forthcoming Purchase of NPS Pharmaceuticals
January 12, 2015 7:00 am
The U.S. Dollar took a dip on Monday as Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, while oil prices showed no sign of escaping their downward spiral. U.S. stocks fell on Friday following a two-day rally as December’s jobs report gave a mixed view of the economy, with financial shares leading the way lower. The Dow fell 170 points to close at 17,737, while the S&P500 lost 17 points to close at 2,044.
The Greenback slipped as far as 118.12 Yen on Monday, reaching a low last seen on Jan. 6, before steadying at 118.25. The Euro edged up to $1.1855 and away from last week’s nine-year trough of $1.1754.
Brent was quoted down 83 cents at $49.28 a barrel, after touching a trough of $48.90 on Friday. U.S. crude skidded 79 cents to $47.57 a barrel. The drop in the Dollar helped Gold nudge up to its highest in a month around $1.228.20 an ounce.
Within the equity space, Shire has agreed to buy NPS Pharmaceuticals Inc for $5.2 billion in its biggest acquisition yet, as the Dublin-based drug maker strengthens its position in the lucrative field of medicines for rare diseases. Shire’s stock was up 0.5% at 4763p per share in early trade.
The U.S. Dollar took a dip on Monday as Asian investors caught up with a benign payrolls report and the subsequent slide in Treasury yields, while oil prices showed no sign of escaping their downward spiral. U.S. stocks fell on Friday following a two-day rally as December’s jobs report gave a mixed view of the economy, with financial shares leading the way lower. The Dow fell 170 points to close at 17,737, while the S&P500 lost 17 points to close at 2,044.
The Greenback slipped as far as 118.12 Yen on Monday, reaching a low last seen on Jan. 6, before steadying at 118.25. The Euro edged up to $1.1855 and away from last week’s nine-year trough of $1.1754.
Brent was quoted down 83 cents at $49.28 a barrel, after touching a trough of $48.90 on Friday. U.S. crude skidded 79 cents to $47.57 a barrel. The drop in the Dollar helped Gold nudge up to its highest in a month around $1.228.20 an ounce.
Within the equity space, Shire has agreed to buy NPS Pharmaceuticals Inc for $5.2 billion in its biggest acquisition yet, as the Dublin-based drug maker strengthens its position in the lucrative field of medicines for rare diseases. Shire’s stock was up 0.5% at 4763p per share in early trade.
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