Breaking News

Euro falls on weak growth, oil extends losses.

News Date: 13/11/2015 09:58:04
Update Date: 13/11/2015 10:23:11

Eurozone's GDP growth came at 0.3% q\q for the third quarter, missing the forecast of a 0.4% growth. Euro shed 0.77% against Dollar to 1.0734. It fell 0.70% against Sterling to 0.7055. It lost 0.65% against Yen to 131.75.


Dollar was back near its highs, with its index up 0.59% to 99.14. It rose 0.05% against Sterling to 1.5221. It inched up 0.11% against Yen to 122.73.


European shares extended their fall on Friday, with the pan-European index FTSEurofirst 300 touching its lowest level in three weeks at 1,458, losing 0.82% for the day. Germany's DAX and France's CAC also touched their lowest in three weeks, with DAX down 70 points, or 0.68% to 10,709, while CAC shed 54 points, or 1.12% to 4,802. Britain's FTSE fell to its lowest in about six weeks, losing 60 points, or 0.98% to 6,118.


Wall Street opened lower, also locking in three-week lows across the board, with Dow Jones falling 26 points, or 0.15% to 17,430. NASDAQ lost 17 points, or 0.35% to 4,988. S&P 500 slipped 2.4 points, or 0.11% to 2,043.

U.S. crude futures fell to a fresh 10-week low, losing 60 cents, or 1.44% to $41.14 a barrel. Brent futures for December were down 22 cents from their opening price, or 0.50% to $44.94 a barrel.


Canadian dollar fell for the second day, affected by the rout in oil prices; it last stood at C$1.3329, losing 0.32% for the day. Australian dollar gave up its earlier gains, trading flat at $0.7122.


Gold futures rose half a dollar, or 0.05% to $1,081.50 an ounce. Silver futures lost 3 cents, or 0.25% to $14.19 an ounce.


Latest news

The dollar fell broadly on Monday after a difficult week, after more Chinese cities, including financial hub Shanghai and Urumqi in the far west, announced easing restrictions related to Covid-19, wh
12-2022 05 03:14:06

After the speeches delivered by Federal Reserve Chairman Jerome Powell, announcing that the interest rate will rise by 50 points instead of 70 points, gold prices rose by more than 2% to reach levels
12-2022 02 03:06:59

US Federal Reserve Chairman Jerome Powell announced the decision to slow the rate of interest rate hikes, starting in December, and stated that inflation is still very high, and that interest rates w
12-2022 01 02:57:28

The dollar fell from the highest level in a week on Wednesday, before a speech by the Chairman of the Economic Reserve, Jerome Powell, and became hovering near its lowest level in a month, and the ma
11-2022 30 04:50:47

Stocks in the United States closed lower at the end of yesterday’s trading, after the Chinese protests against the policies of Covid 19 raised economic concerns, to accompany the shares indices
11-2022 29 01:22:11

More News