US Stocks Finish Week Lower After Mixed NFP Numbers, Glencore Soars After Announcing Plan to Cut Net
September 7, 2015 5:59 am
US stocks ended the session in the red after a mixed August payrolls report raised questions over the uncertainty of a rate rise this month. Asian shares were lacking a clear trend as they dipped in and out of positive and negative territory following an extended weekend in the region. The Dow closed the week 1.5% lower at 16,102, the S&P500 closed at 1,921.
The U.S Dollar was buying 119.39 Yen after sliding from a high of 120.19 hit on Friday. The Euro climbed 0.1% to $1.1143 following up from a low of $1.1090 hit overnight. The Australian Dollar slid to a fresh 6-1/2-year low of $0.6892 early on Monday.
U.S. crude oil futures were down 0.8 percent at $45.70 a barrel. Brent crude dropped 1 percent to $49.14 a barrel. Spot Gold was trading at 1122.
Within the equity space, Commodities trading firm Glencore on Monday said it is set to announce fresh plans to cut its $30 billion in net debt, as it called a trading halt on its Hong Kong shares. The news was well received by the market with the stock trading 12.5% higher on the open at 137p per share; the stock is now up by around 7.12% at 131.92 per share.
US stocks ended the session in the red after a mixed August payrolls report raised questions over the uncertainty of a rate rise this month. Asian shares were lacking a clear trend as they dipped in and out of positive and negative territory following an extended weekend in the region. The Dow closed the week 1.5% lower at 16,102, the S&P500 closed at 1,921.
The U.S Dollar was buying 119.39 Yen after sliding from a high of 120.19 hit on Friday. The Euro climbed 0.1% to $1.1143 following up from a low of $1.1090 hit overnight. The Australian Dollar slid to a fresh 6-1/2-year low of $0.6892 early on Monday.
U.S. crude oil futures were down 0.8 percent at $45.70 a barrel. Brent crude dropped 1 percent to $49.14 a barrel. Spot Gold was trading at 1122.
Within the equity space, Commodities trading firm Glencore on Monday said it is set to announce fresh plans to cut its $30 billion in net debt, as it called a trading halt on its Hong Kong shares. The news was well received by the market with the stock trading 12.5% higher on the open at 137p per share; the stock is now up by around 7.12% at 131.92 per share.
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