Friday, 31 January 2014
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.
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.
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.
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.
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.
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."
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.