Breaking News

Germany's unemployment hits record low, Euro rebounds.

News Date: 1/12/2015 09:40:58
 

Germany's unemployment rate fell unexpectedly to 6.3% in November, from October's 6.4%, hitting the lowest level since unification in 1990. The wider Eurozone's unemployment rate fell to its lowest in about four years at 10.7%. In other good news, Final Manufacturing PMI for the zone rose to its highest in 19 months at 52.8 for November. The batch of stellar results dampened bets on strong stimulus by the ECB on Thursday, driving the Euro index up 0.45% to 85.72. Euro rose half a percentage against the dollar to 1.0620. It touched a week's high against yen at 130.75, while advancing 0.38% against sterling to 0.7046.

 

European shares were tapered off by the data, amid fears of less-than expected monetary easing, with the pan-European index FTSEurofirst 300 relinquishing most of its earlier gains, to trade at 1,518, with a 0.03% profit. Germany's DAX lost 24 points, or 0.22% to 11,357. France's CAC fell 16 points, or 0.33% to 4,941. Britain's FTSE outperformed however, buoyed by the success of the stress tests for British banks; the index gained 45 points, or 0.72% to 6,402.

 

Dollar slid, with its index down 0.36% to 99.90. Dollar lost 0.16% against sterling to 1.5080. It was trading flat against the yen at 123.06.

 

Wall Street opened higher, with Dow Jones up 73 points, or 0.41% to 17,791. NASDAQ advanced 20 points, or 0.40% to 5,128. S&P 500 added 10 points, or 0.48% to 2,090.

 

Oil prices floundered, with Brent futures for January diving 30 cents, or 0.65% to $44.30 a barrel. U.S. crude futures edged down 4 cents, or 0.10% to $41.60 a barrel.

 

The recent losses nursed by the dollar helped gold futures gain 3 dollars, or 0.28% to $1,068.20 an ounce. Silver futures rose 10 cents, or 0.75% to $14.15 an ounce.

 

Latest news

Crude oil futures declined. According to the New York Stock Exchange, crude oil futures were traded in November at a price of 86.12 dollars a barrel, ie, it decreased by 0.46%. And in light of OPEC
10-2022 05 04:16:02

The US dollar fell to its lowest level in two weeks at the beginning of trading on Tuesday, due to the high risk sentiment, while the sterling pound maintained its recent gains after the British gove
10-2022 04 07:12:28

Japanese stocks opened today’s trading on a positive note, dragging its indices to the upside, especially chips and energy stocks. So, the Nikkei index rose by 1.07% to reach 26,215.79 points,
10-2022 03 03:36:24

Wall Street closed yesterday evening sharply lower, because of some economic concerns related to inflation, which could reflect negatively on the US economy, not also this, but also the investor's c
09-2022 30 03:07:57

The futures contracts for oil witnessed an increase, as it rose by 0.16%. According to the New York Mercantile Exchange, the futures contracts for crude oil were traded in November at 82.02 dollars p
09-2022 29 02:42:06

More News

Logs

Advertisements