Breaking News

Euro at a week-low; European shares head for strong yearly gains.

News Date: 31/12/2015 09:36:07

European shares receded in Thursday's trading, but locked in their fourth consecutive yearly gain. The pan-European index FTSEurofirst lost 0.44% for the day, but headed for about 7.0% yearly gain. Britain's FTSE dipped 0.39% to 6,249, while French and German markets were closed, so were Japanese markets.


Euro gave up ground in year-end trading, falling to a week-low against the dollar at 1.0890, down 0.37% for the day, and nearly 10% for the year. Euro was under heavy pressure in 2015 due to ultra-loose monetary policy from the ECB. The common currency dipped 0.43% against sterling to 0.7347. It traded around a month-low against the yen at 131.06, down half a percent.


On another front, U.S. unemployment claims for last week jumped by 20,000 to 287K, the highest since July, and a worrying sign for the Federal Reserve's efforts to help keep the jobs growth on track after raising interest rates earlier this month. Dollar remained upbeat however, with its index recording a daily gain of 0.27% to 98.56, and a robust yearly gain of about 9.0%. Sterling inched up 0.04% against the American currency to 1.4823. Dollar slipped 0.13% against the yen to 120.36, after three consecutive sessions of modest profits.


Oil remained down for the day, with Brent crude futures sliding 14 cents, or 0.37% to $36.32 a barrel; and set for a hefty yearly loss of about 38%, after gliding down 48% last year. U.S. West Texas Intermediary (WTI) crude futures shed 27 cents, or 0.74% to $36.39 a barrel.


Wall Street opened lower, with S&P 500 losing 10 points, or half a percent to 2,052, and returning therefore to negative territory for the year. NASDAQ gave up 20 points, or 0.43% to 5,044, while Dow Jones dipped 100 points, or 0.58% to 17,502.     


Latest news

Corona virus infection in the United States of America reached its maximum, reaching two million, 840 thousand and 906 cases, according to the Centers for Disease Control yesterday, after it recorded
07-2020 06 00:36:17

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

More News