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