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Wall Street opens lower, Yen rises as BOJ easing seen unlikely.

News Date: 26/10/2015 10:51:43
 

 European stocks posted mixed results on Monday as the ECB euphoria eased down, and prospects of Japan's central bank easing policy further dwindled after a senior official at BOJ said it was unlikely that an easing would happen in this week's meeting. Britain's FTSE 100 rose 4.6 points, or 0.07% to 6,448. Germany's DAX rose a more robust 62 points, or 0.58% to 10,856. France's CAC 40 was flat, falling 0.03% to 4,921.

 

Wall Street opened slightly lower, with Dow Jones falling 8 points, or 0.17% to 17,635. S&P 500 fell 4 points, or 0.22% to 2,070. NASDAQ fell 8 points, or 0.15% to 5,026.

 

Dollar was down for the day, falling to 1.1023 against Euro. Against Sterling it fell to 1.5332. It was own against Yen, trading at 120.85.

 

Yen performed strongly as prospects of further easing by BOJ weakened, it rose to a five-week high against Euro to 133.43. Against Sterling it rose to 185.72.

 

Crude oil prices fell as fears of a supply glut persist. Brent futures for December lost 28 cents, or 0.58% to $47.72 a barrel. U.S. crude futures fell 31 cents, or 0.63% to $44.34 a barrel.

 

Spot gold reversed course, rising $4.40, or 0.38% to $1.167 an ounce. Silver gained 10 cents, or 0.70% to $15.95 an ounce.       

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