FXHIGHWAY

 Breaking News

Copper prices, Asian shares jump after positive data

News Date: 14/3/2016 02:17:58
 
Asian shares gained considerable ground on Monday, buoyed by Wall Street gains on Friday and supported by a stream of positive data from Japan and China showing Chinese fixed asset investments growing by 10.2% in January and February compared to the same period last year, leading China's Shanghai index 2.63% higher and restoring some confidence in the world's second largest economy.

From Japan, core machinery orders surged 15.0 m/m in January, smashing expectations of a 2.0% growth, and compared to December's 4.2% rise. Japan's Nikkei index climbed 1.76% to 17,236, a six-week high. Australian shares similarly advanced 0.37% to a ten-week peak.

Copper, an industrial metal highly, drew support from China's gains, with the futures gaining more than one percent to trade at $2.261 a pound, a six-day high, while silver futures added nine cents, or 0.57% to hover around $15.63 an ounce. Gold however recorded losses, sliding two dollars, or 0.16% to $1,257 an ounce.

The dollar index, which measures the currency's performance against a basket of rival currencies, was flat today at 96.25, not far from one-month low hit last week at 95.94, while the euro rose 0.10% to hover around 1.1159. Sterling edged down 0.05% versus the greenback to trade at 1.4376.

Oil prices were mixed, with Brent crude futures inching up 0.10%, or three cents to trade at $40.42 a barrel, while U.S. West Texas Intermediate (WTI) crude futures skidded 20 cents, or half a percentage to $38.33 a barrel.

Investors wait for industrial production data from the Eurozone, expected to have grown a brisk 1.7% m/m in January, recovering from December's 1.0% tumble, which would be positive for the common currency in the short term.  

Latest news

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

The US dollar concluded its research for the week, sticking to its gains, which means that the demand remains on the latter, and this is due to it being a safe haven in light of fears and concerns ab
06-2020 26 06:34:32

More News

Logs

Advertisements