US Markets Continue to Regain Ground, Former Tesco CEO to be Interviewed by the Serious Fraud Office
August 28, 2015 5:47 am
Both Asian and US shares continued their rally after better than expected US GDP figures calmed investors nerves and boosted market sentiment. The Shanghai composite Index gained 1.9% to 3,143.02 points. Yesterday the Dow rose 2.2% to close at 16654 and the S&P500 moved 2.5% higher, closing at 1987.
USD moved further away from Monday’s low of 116.15 to trade around the 121.05 level. The Euro came off its Monday high of $1.1700 and was last seen trading around $1.1258. Sterling fell below $1.5400 for the first time in a month, with Cable (GBP/USD) last trading at around $1.5412. AUD continues to recover from a six and a half year low of $0.7044 touched on Monday and was last seen around the $0.7168 mark.
U.S. crude rose 0.9% to $42.94 a barrel. Brent crude climbed 0.1% to $47.62. Gold was up 0.4% at $1,130 an ounce but still on track for a 2.6 percent loss for the week.
Friday brings more bad news for Tesco as the ousted chief executive is to be interviewed by the Serious Fraud Office over the supermarket group’s £326m accounting scandal. Philip Clarke, who left Tesco last year after a series of profit warnings, is to be interviewed under caution. Tesco stock is 0.2% down trading at 191p per share.
Both Asian and US shares continued their rally after better than expected US GDP figures calmed investors nerves and boosted market sentiment. The Shanghai composite Index gained 1.9% to 3,143.02 points. Yesterday the Dow rose 2.2% to close at 16654 and the S&P500 moved 2.5% higher, closing at 1987.
USD moved further away from Monday’s low of 116.15 to trade around the 121.05 level. The Euro came off its Monday high of $1.1700 and was last seen trading around $1.1258. Sterling fell below $1.5400 for the first time in a month, with Cable (GBP/USD) last trading at around $1.5412. AUD continues to recover from a six and a half year low of $0.7044 touched on Monday and was last seen around the $0.7168 mark.
U.S. crude rose 0.9% to $42.94 a barrel. Brent crude climbed 0.1% to $47.62. Gold was up 0.4% at $1,130 an ounce but still on track for a 2.6 percent loss for the week.
Friday brings more bad news for Tesco as the ousted chief executive is to be interviewed by the Serious Fraud Office over the supermarket group’s £326m accounting scandal. Philip Clarke, who left Tesco last year after a series of profit warnings, is to be interviewed under caution. Tesco stock is 0.2% down trading at 191p per share.
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