US Indices Close Higher After Minimal Disruption Post-Greek Elections, Aer Lingus Approves IAG Bid
January 27, 2015 7:00 am
Most Asian share markets firmed on Tuesday and the Euro clung to rare gains, relieved that European equities had weathered Greece’s election outcome without too much disruption. U.S. stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the Euro zone and energy stocks advanced. The Dow closed 6 points higher closing at 17,678, the S&P500 gained 5 points to close at 2,057.
The Common Currency last traded near $1.1238, having pulled up from Monday’s low of $1.1098, a level not seen since September 2003. The Dollar eased 0.2 percent versus the Yen to 118.26 Yen. Over the past week, the Dollar has traded in a range of roughly between 117.00 Yen to 119.00 Yen.
U.S. crude was quoted 10 cents firmer at $45.25. Brent edged up 16 cents to $48.32, but that followed a 1.3% drop on Monday
Aer Lingus’s board has recommended an improved 1.36 billion euro offer from International Consolidated Airlines Group (IAG), the Irish airline said on Tuesday. Aer Lingus Stock was up over 1.5% in early trade whereas IAG bucked the takeover trend and its stock was up 2% by 8.30am.
Most Asian share markets firmed on Tuesday and the Euro clung to rare gains, relieved that European equities had weathered Greece’s election outcome without too much disruption. U.S. stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the Euro zone and energy stocks advanced. The Dow closed 6 points higher closing at 17,678, the S&P500 gained 5 points to close at 2,057.
The Common Currency last traded near $1.1238, having pulled up from Monday’s low of $1.1098, a level not seen since September 2003. The Dollar eased 0.2 percent versus the Yen to 118.26 Yen. Over the past week, the Dollar has traded in a range of roughly between 117.00 Yen to 119.00 Yen.
U.S. crude was quoted 10 cents firmer at $45.25. Brent edged up 16 cents to $48.32, but that followed a 1.3% drop on Monday
Aer Lingus’s board has recommended an improved 1.36 billion euro offer from International Consolidated Airlines Group (IAG), the Irish airline said on Tuesday. Aer Lingus Stock was up over 1.5% in early trade whereas IAG bucked the takeover trend and its stock was up 2% by 8.30am.
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