US Indices Rebound From Previous Session, EasyJet Soars After Rise in Full-Year Profit Forecast
September 3, 2015 6:17 am
US stocks rebounded from the previous session as the Chinese economic slowdown, the commodity rout and the threat of an interest rate hike in the US kept markets volatile. The Dow climbed by almost 2% to finish the session at 16,351, while the S&P500 finished 1.8% higher at 1948. The biggest mover was the tech heavy Nasdaq, which rose 2.4% to close at 4749.
The Dollar rose gently against the Yen, in line with recovery in global share prices, to 120.65. The Euro was treading water against USD at $1.1220, while the Australian Dollar was slightly above a new six year low against USD hit on Wednesday, now trading around the $0.7020 level.
Brent crude fell 1% to $49.99 per barrel, slipping further from one-month high of $54.32 hit on Monday, though it kept some distance from the 6 1/2-year low of $42.23 hit just one week before that. U.S. crude for October delivery fell 30 cents to $45.95 a barrel, after settling 84 cents higher in the previous session. Spot Gold was trading at 1132.
Within the equity space, Budget airline EasyJet saw its full-year profit forecast lift off to between £675m and £700m from a previous range of £620m to £660m as it said record passenger numbers in August offset higher costs. The load factor for August 2015 was 94.4%, a new record for any month, while passenger numbers for the month were 7.06m, which was also a record and is the second successive month of over 7m passengers. The share price soared 5% at 1760p per share in early trade.
US stocks rebounded from the previous session as the Chinese economic slowdown, the commodity rout and the threat of an interest rate hike in the US kept markets volatile. The Dow climbed by almost 2% to finish the session at 16,351, while the S&P500 finished 1.8% higher at 1948. The biggest mover was the tech heavy Nasdaq, which rose 2.4% to close at 4749.
The Dollar rose gently against the Yen, in line with recovery in global share prices, to 120.65. The Euro was treading water against USD at $1.1220, while the Australian Dollar was slightly above a new six year low against USD hit on Wednesday, now trading around the $0.7020 level.
Brent crude fell 1% to $49.99 per barrel, slipping further from one-month high of $54.32 hit on Monday, though it kept some distance from the 6 1/2-year low of $42.23 hit just one week before that. U.S. crude for October delivery fell 30 cents to $45.95 a barrel, after settling 84 cents higher in the previous session. Spot Gold was trading at 1132.
Within the equity space, Budget airline EasyJet saw its full-year profit forecast lift off to between £675m and £700m from a previous range of £620m to £660m as it said record passenger numbers in August offset higher costs. The load factor for August 2015 was 94.4%, a new record for any month, while passenger numbers for the month were 7.06m, which was also a record and is the second successive month of over 7m passengers. The share price soared 5% at 1760p per share in early trade.
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