US Indices Drop Ahead of Non Farm Payroll Numbers, William Hill Stock Drops After Earnings Release
August 7, 2015 6:01 am
Asian shares dropped for a third consecutive week and US stocks ended in negative territory as weak earnings caused a down turn in the media sector and investors became cautious that today’s Nonfarm payrolls could move the Fed to raise interest rates as early as next month. The Dow fell 0.69% to close at 17,419.75 and the S&P 500 lost 0.78% to finish the session at 2,083.56.
The Dollar edged climbed to 124.78 Yen after the BoJ policy announcements, the Euro nudged up slightly to $1.0914. After a not-so-super Thursday the Pound was flat at $1.5511 after falling as low as $1.5465.
U.S. crude rose 0.6% at $44.92 after sliding as low as $44.20 on Thursday, not far from the six-year low of $42.05 hit in March, Brent rose 0.6% to $49.81 a barrel, pulling away from Thursday’s six-month low. Gold bounced $10 from the previous session to hover around the $1093 level.
Within the equity space, Britain’s largest bookmaker William Hill posted a 12% fall in first-half operating profit, weighed down by increased machine games duty and a new tax on bets made online by its UK-based customers. In a separate statement, the group said it had acquired 29.4% of Neo Games, an online lottery software and services provider, for $25m. The stock is down 4% in early trade at 397p per share.
Asian shares dropped for a third consecutive week and US stocks ended in negative territory as weak earnings caused a down turn in the media sector and investors became cautious that today’s Nonfarm payrolls could move the Fed to raise interest rates as early as next month. The Dow fell 0.69% to close at 17,419.75 and the S&P 500 lost 0.78% to finish the session at 2,083.56.
The Dollar edged climbed to 124.78 Yen after the BoJ policy announcements, the Euro nudged up slightly to $1.0914. After a not-so-super Thursday the Pound was flat at $1.5511 after falling as low as $1.5465.
U.S. crude rose 0.6% at $44.92 after sliding as low as $44.20 on Thursday, not far from the six-year low of $42.05 hit in March, Brent rose 0.6% to $49.81 a barrel, pulling away from Thursday’s six-month low. Gold bounced $10 from the previous session to hover around the $1093 level.
Within the equity space, Britain’s largest bookmaker William Hill posted a 12% fall in first-half operating profit, weighed down by increased machine games duty and a new tax on bets made online by its UK-based customers. In a separate statement, the group said it had acquired 29.4% of Neo Games, an online lottery software and services provider, for $25m. The stock is down 4% in early trade at 397p per share.
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