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The steady climb in the Dollar made life miserable for Gold buffs with the precious metal stuck at $1,179.61, after falling from $1,201.80 on Monday. U.S. crude edged up 70 cents to $55.93, but remained well short of Monday’s $58.53 high. Brent stood at $60.49 having recouped 38 Cents of Monday’s $1.25 fall. Related Posts:Will […]
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U.S. stocks surged on Thursday, extending a Federal Reserve fuelled rally from the previous session and giving the S&P 500 its best two-day advance in three years. The S&P500 closed up by 2.4% at 2,061, whilst the Dow rose an incredible 421 points to close at 17,778. Related Posts:Market Comment – Stocks slide, dollar soars […]
The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the economy and said it would take a patient approach toward lifting interest rates. The rise in yields was enough to revive U.S. Dollar bulls after a few days of caution and the currency […]
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Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the Rouble jumped against the dollar after Russia sharply increased its benchmark interest rate from 10.5% to 17% in a bid to halt a collapse in its currency. U.S. crude was down 0.4% in Asian trade at $55.69 a […]
Global shares prices came under pressure on Monday as oil prices briefly sank to fresh 5-1/2 year lows in choppy trade, doing little to allay concerns that some energy producers and exporters could find themselves in dire straits as revenues slump. Japan’s Nikkei share average fell 1.6%, drawing little momentum from Japanese Prime Minister Shinzo […]
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Asian shares got a lift on Friday after upbeat U.S. spending data suggested weaker oil prices have some upside for the American economy, though a continued slide in crude prices kept gains in check and heralded a gloomy opening for European markets. China’s economy showed further signs of fatigue in November, with factory output rising […]
Asian stocks fell on Thursday as falling oil prices added to global growth concerns, while the Dollar saw a bit of a respite against the Yen and Euro after successive sharp losses, Tokyo’s Nikkei lost 1%, pulling further back from 7-1/2 year highs hit at the week’s start, with sentiment bruised by the rout in […]
Asian shares, the Dollar and oil prices all slumped on Wednesday, pulling back as global growth concerns and political uncertainty in Greece prompted a flight to safety. Brent crude slipped about 0.8% to $66.29 a barrel, though it pared losses and remained well above a five-year low of $65.29 touched on Tuesday. U.S. crude futures […]
Oil prices skidded to fresh five-year lows on Tuesday, pressuring commodity-linked currencies and most Asian shares as a bout of risk aversion rippled through world markets. Within the equity space there is further woe for Tesco’s as the troubled British retailer has warned on full year profit again. The firm said on Tuesday that on […]
The Dow and S&P 500 closed a seventh straight weekly advance on Friday as a better-than-expected jobs report indicated strong economic growth, but perhaps to the point where interest rates could rise sooner than previously anticipated. The retailers are in focus this morning as UK activist investment fund Crystal Amber is in talks with several […]
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The Dollar gave up ground against the Euro on Thursday, after first ascending to a two-year peak of $1.2279 when the European Central Bank refrained from detailing any expansion of its stimulus program. Nonfarm payrolls probably increased by 230,000 jobs last month after rising by 214,000 in October, according to a Reuters survey of economists […]
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U.S. crude oil was down 0.6% at $68.61 a barrel, after posting a 4% rise overnight from a five-year low of $63.72 as bearish positions were squeezed. Gold, beaten down after Switzerland on Sunday voted against a proposal to boost gold reserves, also held on to the bulk of its gains after rebounding sharply on […]
Crude oil fell below $68 per barrel a day after OPEC decided not to cut output, which could leave markets oversupplied. Growth in Chinese factories stalled in November as output shrank for the first time in six months, reinforcing expectations that authorities will roll out more aggressive support measures after unexpectedly cutting interest rates to […]
