US Indices End Week on a High, US Crude Hovering Just Below $42 Level
August 17, 2015 6:01 am
US stocks ended Friday’s session higher at the end of a volatile week, with promising economic data and an agreement on a third bailout programme for Greece helping indices to end on a high note. The Dow rose 60 points to close the week at 17477, the S&P500 climbed 9 points to finish the week at 2091.
The Euro gave back some of last week’s gains to trade around $1.1097, whilst USD slipped to 124.39 Yen, and the Australian Dollar trod water around the $0.7374 level.
U.S. crude was down 1.2 percent at $41.99 a barrel, within reach of a six-year trough of $41.35 struck on Friday. Brent futures were down 54 cents at $48.65 a barrel, still some way from their 2015-low of $45.19. Spot Gold was trading around $1117 per troy ounce.
Within the equity space, Bovis Homes posted a 9% rise in first-half pre-tax profit as it reported a record number of legal completions and said it was on track to deliver its expected volume of new homes for 2015. Pre-tax profit for the six months came in at £53.8m from £49.4m in the first half of last year, on revenue of £350.7m, up 9% from £322.1m.
US stocks ended Friday’s session higher at the end of a volatile week, with promising economic data and an agreement on a third bailout programme for Greece helping indices to end on a high note. The Dow rose 60 points to close the week at 17477, the S&P500 climbed 9 points to finish the week at 2091.
The Euro gave back some of last week’s gains to trade around $1.1097, whilst USD slipped to 124.39 Yen, and the Australian Dollar trod water around the $0.7374 level.
U.S. crude was down 1.2 percent at $41.99 a barrel, within reach of a six-year trough of $41.35 struck on Friday. Brent futures were down 54 cents at $48.65 a barrel, still some way from their 2015-low of $45.19. Spot Gold was trading around $1117 per troy ounce.
Within the equity space, Bovis Homes posted a 9% rise in first-half pre-tax profit as it reported a record number of legal completions and said it was on track to deliver its expected volume of new homes for 2015. Pre-tax profit for the six months came in at £53.8m from £49.4m in the first half of last year, on revenue of £350.7m, up 9% from £322.1m.
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