Breaking News

Weak year-end trading for currencies; Asian shares scramble for profits.

News Date: 29/12/2015 00:38:50

Asian shares made some gains on Tuesday, supported by a late stabilization in commodities. Japan's Nikkei rose half a percent to 18,966, while Chinese shares recouped some of their heavy losses yesterday, with the CSI300 index advancing 0.27%. Australia's S&P/ASX 200 index jumped to a month-high, with a 0.90% profit. South Korea's KOSPI was largely flat, while India's Nifty edged 0.13% up to a month-high.


Wall Street closed slightly down, with energy companies leading the decline. Dow Jones lost 23.90 points, or 0.14% to 17,528.27. NASDAQ gave up 7.51 points, or 0.15% to 5,040.99. S&P 500 slipped 4.49 points, or 0.22% to 2,056.50.


Weak and tight-range trading dominated currency markets, as the long New Year weekend holiday approaches. Dollar's index, which measures its performance against a basket of its peers, inched down 0.06% to 97.94. Dollar traded at 1.0974 against the euro, near a two-week low struck yesterday at 1.0991. It lost 0.14% against sterling to 1.4903. Dollar retreated to 120.32 against the yen, near the two-month low of 120.05.


Oil prices stabilized slightly but were still pressured downward; with U.S. West Texas Intermediary (WTI) crude futures up a cent, or 0.04% to $36.83 a barrel. Brent crude futures added a more robust 13 cents, or 0.36% to $36.67 a barrel, but were still near an 11-year low hit last week at $35.98.


Canadian dollar had a respite after a bruising Monday, taking cue from oil movements; the loonie rose 0.2% against its American counterpart to C$1.3878. Australian dollar gained 0.22% to $0.7266.


Gold futures advanced $3.40, or 0.32% to $1,071.60 an ounce, while Silver added nine cents, or 0.66% to $13.97, trying to move above $14 again after sliding to a ten-day low yesterday. Copper climbed 0.60% to $2.097 a pound.


Being released today, the CB Consumer Confidence survey is forecast at 93.8 for December, which would be marginally higher than November's 90.4, and an indication of a stronger sentiment heading into the new year.      


Latest news

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as
07-2020 03 00:34:55

Beginning with the latest developments in commodities, the gold futures contracts started this morning with a rise of 0.70%, to be traded at 1784.56 dollars an ounce, after opening at 1771.61 dollar
07-2020 01 03:47:05

Oil prices continued to lose their losses after the recovery in demand decreased, due to the high number of injuries they suffer, and Brent crude fell by the same percentage 2%, which in turn pays to
06-2020 29 05:49:33

The US dollar concluded its research for the week, sticking to its gains, which means that the demand remains on the latter, and this is due to it being a safe haven in light of fears and concerns ab
06-2020 26 06:34:32

The US stock indexes on Wall Street ended their trading high, thanks to the support of the economic data that led them to the rise, which showed that the contraction of the economy in the manufacturi
06-2020 24 00:45:21

More News