Breaking News

Oil prices plunge, Euro dips on Draghi's comments.

News Date: 12/11/2015 09:44:05
Update Date: 12/11/2015 10:12:28
 
Euro was knocked out after ECB's chief Mario Draghi singled out the common currency while testifying in front of the European parliament, expressing that the Euro's strength was weighing negatively on inflation, thus enhancing views of more easing in the ECB's next meeting in December. Euro recovered most of its losses however, with its index down 0.07% to 86.44. It lost 0.15% against Dollar to 1.0727. It traded at its close price against Sterling at 0.7061.

European stocks were briefly up after Draghi's comments, before falling deep into red territory, with the pan-European index FTSEurofirst 300 down 1.05% to 1,478. Britain's FTSE fell 68 points, or 1.14% to 6,226. Germany's DAX lost 101 points, or 0.93% to 10,806. France's CAC 40 plunged 75 points, or 1.50% to 4,878.

Wall Street opened sharply lower, with Dow Jones down 137 points, or 0.77% to 17,565. NASDAQ fell 29 points, or 0.58% to 5,037. S&P 500 lost 13 points, or 0.63% to 2,061.

Dollar was back near its recent highs, with its index up 0.16% to 99.22. It gained 0.22% against Sterling to 1.5180. It rose 0.1% against Yen to 122.97.

Oil prices plunged for the second day, with U.S. crude futures falling $1.12, or 2.61% to $41.81 a barrel. Brent futures for December lost 97 cents, or 2.10% to $45.63 a barrel.

Gold futures lost nine dollars, or 0.85% to $1,075 an ounce. Silver futures fell 6 cents, or 0.44% to $14.20 an ounce.

Latest news

Bitcoin, the largest cryptocurrency by market capitalization, managed to exceed the $20,000 level, rising by more than 5%, to $20,286 in particular. Followed by Ether, the second largest cryptocurren
09-2022 27 00:49:52

The dollar index rise against six major currencies, including the British pound and the euro, rose to its highest level in 20 years, supported by the decline of the British pound. The euro recorded
09-2022 26 02:49:04

Crude oil futures rose during the Asian session today, Thursday, this rise came after a decline : after the US central bank raised interest rates to control inflation, which directly affected the dem
09-2022 22 02:20:30

Yesterday, Wall Street closed lower , following the US central bank’s meeting, which is expected to raise interest rates significantly. According to the data, the Standard & Poor's 500
09-2022 21 01:33:42

Today gold futures and crude oil futures rose during the Asian session. As the gold futures contract was traded in December at $1,685.30 an ounce, its price increased by 0.42%, after it had previous
09-2022 20 02:56:35

More News

Logs

Advertisements