US Stocks are Set to Post the Worst Quarter in 4 Years, Asian Shares Collapse to 3.5 Year Lows
September 29, 2015 6:04 am
US stocks closed slightly in the red on Monday and are set to post the worst quarter in four years after concerns regarding the Chinese economies health and the regions data as well as the impact of interest rates rising in the states. Asian shares collapsed to three and a half year lows. The Dow ended at 16001, the SP500 1881.
The dollar was down about 0.2% against the Yen at 119.70 yen, below Friday’s high of 121.24. The euro dipped 0.1% to 134.68 yen. Against the Dollar the euro edged up about 0.1%t to $1.1252 pulling further away from a low of $1.1116 touched on Friday.
U.S. crude was up about 0.1% at $44.46 a barrel, while Brent was treading water at $47.34. Spot Gold was trading at $1126.
After falling 28% in the London session due to debt worries and the rout in copper and coal prices, Glencore’s Hong Kong-listed shares were around 28% lower on Tuesday. The FTSE listed stock is up 4% in early trade at 71p per share.
US stocks closed slightly in the red on Monday and are set to post the worst quarter in four years after concerns regarding the Chinese economies health and the regions data as well as the impact of interest rates rising in the states. Asian shares collapsed to three and a half year lows. The Dow ended at 16001, the SP500 1881.
The dollar was down about 0.2% against the Yen at 119.70 yen, below Friday’s high of 121.24. The euro dipped 0.1% to 134.68 yen. Against the Dollar the euro edged up about 0.1%t to $1.1252 pulling further away from a low of $1.1116 touched on Friday.
U.S. crude was up about 0.1% at $44.46 a barrel, while Brent was treading water at $47.34. Spot Gold was trading at $1126.
After falling 28% in the London session due to debt worries and the rout in copper and coal prices, Glencore’s Hong Kong-listed shares were around 28% lower on Tuesday. The FTSE listed stock is up 4% in early trade at 71p per share.
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