Breaking News

European stocks set for best week in a month, Sterling flounders on weak data.

News Date: 20/11/2015 09:50:34
Update Date: 20/11/2015 12:42:27

European shares rose on Friday, with the pan-European index FTSEurofirst 300 up 0.30% to 1,507, heading for a weekly gain of 3.36%, its best in a month. Germany's DAX advanced 50 points, or 0.44% to 11,134, with a weekly profit of about 4%. Britain's FTSE rose 20 points, or 0.31% to 6,349, with a weekly gain of 3.76%. France's CAC was more muted, still weighed down by security concerns; the index edged up 4 points, or 0.09% to 4,920, with a more moderate weekly profit of 2.23%.


Wall Street opened sharply higher, with Dow Jones touching an 11-day high at 17,835 with a 0.58% gain. S&P 500 swung to a similar 11-day high at 2,091; gaining 0.51%, NASDAQ rose to a 9-day high at 5,097 with a 0.46% profit.


In a conference in Frankfurt, ECB president Mario Draghi said that the bank will act quickly to boast anaemic inflation in the Eurozone, keeping the Euro pressured down for the day. Euro's index lost 0.28% to 86.10. The common currency fell 0.31% against the dollar to 1.0701. It hovered near a three-month low against sterling at 0.6987, before recovering to 0.7017. Euro is down 0.36% against the yen to 131.41.


Britain's public sector borrowing came at 8.2 billion pounds for October, higher than the 6B expected, pushing sterling down 0.27% against the dollar to 1.5250. Sterling lost 0.32% against the yen to 187.27.


A basket of Canadian data posted mixed results, with core CPI rising 0.3% m\m in October, while core retail sales fell 0.5% m\m in September. Canadian dollar swung down to C$1.3334, before recovering to 1.3294, still down 0.08% for the day. Australian dollar jumped to a three-week high to $0.7243 with a 0.70% profit.


U.S. crude futures fell to a fresh three-month low, losing 50 cents, or 1.25% to $40.03 a barrel. Brent futures gained 7 cents, or 0.16% to $44.25 a barrel.


Gold futures rose $3.60, or 0.33% to $1,081.60 an ounce. Silver futures lost 2 cents, or 0.14% to $14.20 an ounce.  


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