Breaking News

Oil prices plunge; dragging European shares down.

News Date: 28/12/2015 09:36:42
 

Oil prices tumbled on renewed worries about global oversupply, and weakening growth in China and elsewhere, with Brent crude futures dropping 90 cents, or 2.40% to $36.98 a barrel. U.S. West Texas Intermediary (WTI) crude futures dove 105 cents, or 2.77% to $37.05 a barrel, keeping a slight premium over Brent.

 

European shares struggled thereafter, with energy companies heading the top fallers; also affecting them: a slump in Chinese shares of about 3.0% after industrial profits fell in November. The pan-European FTSEurofirst 300 index gave up 0.43% to 1,433. France's CAC lost 40 points, or 0.85% to 4,623. Germany's DAX dipped 74 points, or 0.70% to 10,652. Britain's FTSE is closed however for the day.

 

Euro performed well, touching a nearly-two-week high against the dollar at 1.0991, before steadying to 1.0971, up 0.1% for the day. It rose 0.2% against sterling to 0.7362. It advanced 0.24% against the yen to 132.20.

 

Commodities deepened their losses, with Silver futures sliding 32 cents, or 2.25% to $14.05 an ounce. Gold lost $5.40, or half a percent to $1,070 an ounce. Copper futures hit a ten-day low at $2.088, down 1.70% for the day.

 

Wall Street opened lower in tandem with their European counterparts, with Dow Jones giving up 75 points, or 0.43% to 17,477. NASDAQ slipped 18 points, or 0.36% to 5,030. S&P 500 slid 8.7 points, or 0.43% to 2,052.23.  

 

Latest news

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

The dollar fell by about 1% from its highest level in 20 years, this comes when investors assessed some of the risks of large increases in interest rates expected by major central banks during this w
09-2022 19 01:28:27

According to the New York Mercantile Exchange, futures contracts for gold fell, as they were traded in December at $1642.4 an ounce, it decreased by 0.29%. Gold has already traded lower session at $
09-2022 16 02:02:56

More News

Logs

Advertisements