FXHIGHWAY

 Breaking News

European shares jump as oil prices rebound

News Date: 9/3/2016 07:43:46
 
European shares scored gains on Wednesday, buoyed by energy shares and higher oil prices, while data from Britain showed manufacturing production growing by 0.7% m/m in January, easily beating expectations of a 0.2% rise, and much better than December's 0.3% contraction.

The pan-European index FTSEurofirst 300 jumped a little more than one percent to trade at 1,343, while Germany's DAX added 140 points, or 1.44% to hover around 9,828. France's CAC 40 gained 50 points, or 1.15% to 4,455. Britain's commodity-rich FTSE index climbed 45 points, or 0.75% to 6,169.

Oil prices rebounded strongly today after a three-percent slide, with Brent crude futures jumping 77 cents, or nearly two percent to trade at $40.43 a barrel, while U.S. West Texas Intermediate (WTI) crude futures surged 66 cents, or 1.85% to hover around $37.16 a barrel.

Precious metals tumbled as the risk appetite recovered today, with gold futures dropping seven dollars, half a percent to trade at $1,256 an ounce, while similarly, skidded 3 cents, or 0.20% to move back to $15.36 an ounce.

The dollar index advanced 0.20% to 97.34, while the euro power up a third of a percentage point to hover around 1.0974, while Japan's yen gained 0.12% to trade at 112.49. Britain's sterling inched up 0.06% against the greenback to 1.4425.

Latest news

Oil prices fell today, Wednesday, after the increase in crude inventories, which increases the fears of supply. Therefore, it is expected that US crude production will decline by 600 thousand barrels
07-2020 08 08:20:53

Corona virus infection in the United States of America reached its maximum, reaching two million, 840 thousand and 906 cases, according to the Centers for Disease Control yesterday, after it recorded
07-2020 06 00:36:17

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as
07-2020 03 00:34:55

Beginning with the latest developments in commodities, the gold futures contracts started this morning with a rise of 0.70%, to be traded at 1784.56 dollars an ounce, after opening at 1771.61 dollar
07-2020 01 03:47:05

Oil prices continued to lose their losses after the recovery in demand decreased, due to the high number of injuries they suffer, and Brent crude fell by the same percentage 2%, which in turn pays to
06-2020 29 05:49:33

More News

Logs

Advertisements