USD Strengthens on Back of Strong Jobs Report, InterContinental Dampens Merger Speculation
November 9, 2015 7:17 am
US ended the last session of the week fairly flat, markets were boosted by a rise in the financial sector and a strong jobs report but were held back by a slide in utilities. Asian shares were trading in mixed territory with Japanese and Chinese indices reacting positively on renewed speculation that the US Fed will raise rates before the end of the year. The Dow climbed 46 points to close the week at 17,910.33, the S&P 500 dropped 0.73 points to close at 2099.
The Dollar advanced to a two and a half month peak of 123.48 Yen. The Euro was steady at $1.0744 in striking distance of a six month trough of $1.0704 struck on Friday. The Australian Dollar also took back some lost ground, rising about 0.2% to $0.7057.
Brent crude jumped 0.8% to $47.81 a barrel after shedding 1.2% on Friday. Spot gold hovered near a three month low of $1,084.90 an ounce struck on Friday.
InterContinental Hotels responded to recent market speculation on Monday, saying it is not considering a potential sale or merger of the company. On Friday, shares in the company surged following a report it was mulling the possibility of a sale or merger.
US ended the last session of the week fairly flat, markets were boosted by a rise in the financial sector and a strong jobs report but were held back by a slide in utilities. Asian shares were trading in mixed territory with Japanese and Chinese indices reacting positively on renewed speculation that the US Fed will raise rates before the end of the year. The Dow climbed 46 points to close the week at 17,910.33, the S&P 500 dropped 0.73 points to close at 2099.
The Dollar advanced to a two and a half month peak of 123.48 Yen. The Euro was steady at $1.0744 in striking distance of a six month trough of $1.0704 struck on Friday. The Australian Dollar also took back some lost ground, rising about 0.2% to $0.7057.
Brent crude jumped 0.8% to $47.81 a barrel after shedding 1.2% on Friday. Spot gold hovered near a three month low of $1,084.90 an ounce struck on Friday.
InterContinental Hotels responded to recent market speculation on Monday, saying it is not considering a potential sale or merger of the company. On Friday, shares in the company surged following a report it was mulling the possibility of a sale or merger.
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