Wednesday, October 20, 2021
اُردُو نیوز Newspaper Live-TV(UK) Live-TV(PK)
اُردُو نیوز Newspaper
Live-TV(UK) Live-TV(PK)

Global stocks at two-month highs, dollar up; oil down for week

Global stocks at two-month highs, dollar up; oil down for week
October 17, 2015
NEW YORK – Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views that the European Central Bank may provide more stimulus to the euro zone economy. Oil prices rose nearly 2 percent as traders covered short positions after four days of losses and the U.S. oil rig count fell for a seventh straight week. On Wall Street, the benchmark S&P 500 index rose for a third consecutive week, a streak not seen since May. General Electric (GE.N) helped buoy the index for the day with a 3.4 percent gain after the company reported quarterly results, but other industrials like Honeywell (HON.N) fell. "Right now, the trade is a risk relief rally, people buying back the risk they sold earlier in the month," said Paul Zemsky, chief investment officer, multi-asset strategies and solutions at Voya Investment Management in New York. With earnings in view, Zemsky said, "Expectations have been depressed so far it seems almost certain we’ll have a positive surprise." The Dow Jones industrial average .DJI rose 74.22 points, or 0.43 percent, to 17,215.97, the S&P 500 .SPX gained 9.25 points, or 0.46 percent, to 2,033.11, and the Nasdaq Composite .IXIC added 16.59 points, or 0.34 percent, to 4,886.69. The pan-European FTSEurofirst 300 index .FTEU3 closed up 0.7 percent. For the week, the index was little changed, after a 4.4 percent advance the preceding week. An MSCI gauge of stocks in top world markets .MIWD00000PUS rose 0.4 percent to close at its highest since mid-August. EURO SOFT, YEN PARES WEEKLY GAINS Annual inflation in the euro zone turned negative in September due to sharply lower energy prices, maintaining pressure on the ECB to increase its asset purchases to boost prices. The euro EUR= fell 0.3 percent to $1.1346 and was little changed for the week. "In the near term, the dollar could gain further against the euro as there's more speculation about more (quantitative easing) from the ECB," said Lee Ferridge, State Street Global Markets' head of macro strategy, North America, in Boston. Against the yen JPY=, the greenback advanced 0.5 percent to 119.42, though it was the yen's strongest week in the past six. The dollar index, which values the greenback against a basket of six major counterparts, was up 0.4 percent. Oil prices rose, with traders closing short positions after a sharp drop this week and reflecting a further decline in the US rig count. The December contract for Brent, the new front month for the global crude benchmark, was up 1.3 percent from its Thursday settlement, trading above $50 a barrel. U.S. crude's front-month contract was up 1.9 percent at $47.26 per barrel. For the week Brent fell 4.3 percent and WTI lost 4.8 percent. U.S. 30-year Treasury yields dipped on views that the outlook for inflation appeared weak. Benchmark 10-year Treasury notes US10YT=RR were down 4/32 in price to yield 2.0351 percent, from 2.021 percent late Thursday. London copper CMCU3 fell 0.4 percent and spot gold was down 0.5 percent. –Reuters
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں

آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔