Breaking News

Asian shares, commodity prices drop after Brussels blasts

News Date: 23/3/2016 02:00:34
Asian shares gave up ground on Wednesday as worries began spreading in the markets following the explosions in Brussels, which claimed more than 30 lives. Europeans shares tumbled briefly before recouping their losses however, while Wall Street ended with mixed results. Safe havens surged, before relinquishing their gains as the dust settled.

Japan's Nikkei index lost a third of a percentage point to trade back below the important level of 17,000, while Australian stocks gave up 0.50%. China's Shanghai index skidded 0.40%, while South Korea's KOSPI index edged down 0.22%.

U.S. stock indexes ended with mixed results, with the Dow Jones Industrial Average sliding 41 points, or 0.23% to end at 17,582. NASDAQ Composite on the other hand rose 12 points, or 0.27% to close at 4,821. S&P 500 inched down nearly two points, or 0.1% to wrap it up at 2,049.

Commodities fell en masse today, with U.S. crude oil futures sliding half a dollar, or 1.30% to trade at $40.92 a barrel, while Brent crude futures dropped 40 cents, or one percent to hover around $41.38 a barrel. Copper futures shed half a percentage point to move around $2.280 a pound.

Investors wait for a basket of important U.S. data later today, new home sales in February expected to have jumped to 512 thousand sales, compared to January's 494 thousand, which would be good news for the volatile housing sector.

Also from the U.S., crude oil inventories last week are forecast to have risen another 2.5 million barrels, adding to the previous reading's 1.3 million increase, which would be bad news for crude prices.

Latest news

Curse continues... Inflation is following us to 2023 Inflation led most of the banks in the world to raise interest rates, in an attempt to reduce it . The International Monetary Fund expects that t
12-2022 30 06:28:23

Gold prices fluctuate with the reduction of dollar's losses Gold's prices varied after its positive start at the expense of the dollar’s decline, which tended to reduce its losses, while oil c
12-2022 29 03:29:32

Vladimir Putin takes revenge by Russian oil embargo President Vladimir Putin has banned Russian oil in response to the price cap. He has signed a decree retaliating against the West's imposition of
12-2022 28 03:04:38

Gold prices rose today, Tuesday, affected by the decline of the dollar, which declined by 0.3%, and gold rose by 0.4% to reach $1804.99 an ounce, and gold futures rose by 0.4% to reach $1811.90. The
12-2022 27 04:19:22

The first Saudi-Japanese ministerial dialogue meeting for energy The Saudi Prince of Energy and the Japanese Minister of Economy and Industry held a meeting in Riyadh - Saudi Arabia, in which they
12-2022 26 02:50:27

More News