RBS Warns on Future Costs, BoJ Decides Against Expanding QE Programme For Now
October 30, 2015 7:26 am
US stocks ended the session slightly lower, as better than expected jobless claims data was offset by weaker than expected US GDP numbers and the threat of US rate rise this year kept investors nerves on edge. Asian shares however bucked the trend and ended the final session of the week in positive territory, on track for their best month since January 2012. The Dow dropped 23 points to 17,755.8, the SP500 fell to 2,089.41.
The Dollar extended losses after the BoJ policy decision to hold back from expanding its quantitative easing programme, slipping to an intraday low of 120.29, and was last down about 0.2% at 120.83 Yen. It was still up 0.8% for the month against the backdrop of divergent monetary policy expectations. The Euro was nearly flat against the Dollar at $1.0979 but down about 1.8% for the month, with European Central Bank chief Mario Draghi taking a surprisingly dovish stance that suggested further monetary easing steps were possible in December.
U.S. crude was down 0.5% at $45.83 a barrel, but was up nearly 3% for the week and 1.6% for the month, while Brent slipped about 0.2% to $48.69, up 1.4% for the week and 0.6% for October. Spot Gold was trading at $1148 per troy ounce.
Royal Bank of Scotland warned future costs relating to past misconduct could be substantially higher than expected after reporting a Q3 loss due to restructuring and litigation charges. RBS, which is 73% owned by the British government, reported a Q3 operating loss of £134m, down from a profit of £1.1b the year before, hit by restructuring and misconduct costs. RBS stock is down 1.14% in early trade at 317p per share.
US stocks ended the session slightly lower, as better than expected jobless claims data was offset by weaker than expected US GDP numbers and the threat of US rate rise this year kept investors nerves on edge. Asian shares however bucked the trend and ended the final session of the week in positive territory, on track for their best month since January 2012. The Dow dropped 23 points to 17,755.8, the SP500 fell to 2,089.41.
The Dollar extended losses after the BoJ policy decision to hold back from expanding its quantitative easing programme, slipping to an intraday low of 120.29, and was last down about 0.2% at 120.83 Yen. It was still up 0.8% for the month against the backdrop of divergent monetary policy expectations. The Euro was nearly flat against the Dollar at $1.0979 but down about 1.8% for the month, with European Central Bank chief Mario Draghi taking a surprisingly dovish stance that suggested further monetary easing steps were possible in December.
U.S. crude was down 0.5% at $45.83 a barrel, but was up nearly 3% for the week and 1.6% for the month, while Brent slipped about 0.2% to $48.69, up 1.4% for the week and 0.6% for October. Spot Gold was trading at $1148 per troy ounce.
Royal Bank of Scotland warned future costs relating to past misconduct could be substantially higher than expected after reporting a Q3 loss due to restructuring and litigation charges. RBS, which is 73% owned by the British government, reported a Q3 operating loss of £134m, down from a profit of £1.1b the year before, hit by restructuring and misconduct costs. RBS stock is down 1.14% in early trade at 317p per share.
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