Friday 31 January 2014

ASIAN STOCK

Asian stocks were pressured in early trading on Friday, though data showing strong U.S. growth calmed nerves in emerging markets after several days of turmoil.

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U.S.STOCKS

The S&P 500 scored its biggest gain in more than a month on Thursday as Facebook led a tech rally and data showed the U.S. economy was on solid footing in the fourth quarter.

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U.S.TREASURIES

U.S. Treasuries prices fell slightly on Thursday after policymakers in emerging market nations pledged to take any necessary measures to stabilize their markets, limiting demand for safe-haven bonds.

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FTSE

The FTSE 100 index was down 0.1 percent, or 5.83 points, at 6,538.45 by the close, nearing its lowest since mid-December. It has suffered in recent sessions from a sell-off in emerging markets that continued on Thursday.

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NIKKEI

The Nikkei share average rose on Friday morning, recouping some of the previous day's steep declines as strong Japanese corporate earnings and solid growth in the United States provided welcome relief for frayed nerves.

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DOLLAR

The dollar index rose as far as 81.135 from Thursday's low of 80.545, on track to end the week up 0.7 percent. It was up 1.3 percent so far this month.

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NYMEX CRUDE

NYMEX-US holds near one-month high on demand hopes, dollar weighs

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U.S.CRUDE

U.S. crude oil rose nearly $1 on Thursday on spread trading and higher demand as blistering cold sapped distillate supplies and government data showed solid economic growth in the fourth quarter last year.

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BRENT CRUDE

Brent crude slipped 15 cents to $107.80 a barrel by 0414 GMT, after ending 10 cents higher in the previous session. Trade was thin with a series of markets in Asia closed for the Lunar New Year holiday.

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OIL

Oil has been marching to the beat of its own drum, but at the end of the day it is priced in the dollar," said Le Brun. "So if we see some solid strength in the dollar, it will weigh on oil and other commodity prices."

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LME COPPER

Three-month copper on the London Metal Exchange had edged up 0.16 percent to $7,106 a tonne by 0120 GMT, after 0.4 percent losses the session before, when it slipped to $7,066 a tonne - its weakest since Dec. 6. Copper was eyeing a drop of 3.5 percent for January, its biggest monthly fall since June.

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COPPER

London copper steadied on Friday from near two-month lows hit the session before, but was on track to log its biggest monthly loss in seven due to weaker growth in top metals consumer China.

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SPDR GOLD

SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings rose 0.60 tonnes to 793.16 tonnes on Thursday.

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PLATINUM

Among other precious metals, platinum was headed for a second weekly drop despite strikes at South African mines that have hit about 40 percent of global supply.

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SILVER

Silver fell 2.7 percent to $19.20 an ounce

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U.S.GOLD

U.S. COMEX gold futures for February delivery settled down $20 an ounce at $1,242.20, with trading volume about 10 percent above the 250-day average, preliminary Reuters data showed.

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SPOT GOLD

Spot gold was down 1.8 percent at $1,244.60 an ounce by 2:29 p.m. EST (1929 GMT).

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GOLD

Gold looked poised to post its first weekly drop in six weeks on Friday as strong U.S. economic growth boosted global equities and the dollar, hurting the metal's safe-haven appeal.

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U.S.MARKET UPDATE

The S&P 500 scored its biggest gain in more than a month on Thursday as Facebook led a tech rally and data showed the U.S. economy was on solid footing in the fourth quarter.
The Dow Jones industrial average .DJI rose 109.82 points or 0.70 percent, to end at 15,848.61. The S&P 500 .SPX gained 19.99 points or 1.13 percent, to finish at 1,794.19, its biggest daily percentage gain since December 18.The Nasdaq Composite .IXIC added 71.69 points or 1.77 percent, to close at 4,123.13, its best daily percentage rise since October 10.
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Tuesday 28 January 2014

ASIAN STOCKS

Asian shares were pinned near five-month lows on Tuesday as turmoil in emerging markets and concerns about an economic slowdown in China took their toll.

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