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

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

Bitcoin, the largest cryptocurrency by market capitalization, managed to exceed the $20,000 level, rising by more than 5%, to $20,286 in particular. Followed by Ether, the second largest cryptocurren
09-2022 27 00:49:52

The dollar index rise against six major currencies, including the British pound and the euro, rose to its highest level in 20 years, supported by the decline of the British pound. The euro recorded
09-2022 26 02:49:04

More News

Logs

Advertisements