Asian stocks were
steady on Friday, tracking gains on Wall Street after U.S. Federal Reserve
Chair Janet Yellen's comments reiterated her confidence in the U.S. economy.
Friday, 28 February 2014
U.S.TREASURIES
U.S. Treasury debt
prices rose on Thursday as tensions between Ukraine and Russia spurred safety
buying, helping to stoke strong demand at a seven-year note auction. The
Treasury sold $29 billion in seven-year-notes at the auction, the final sale of
the week. Yields ended slightly lower than where they were before the sale.
FTSE
Britain's top share
index edged up on Thursday, lifted by positive U.S. data and assurances from
Fed chair Janet Yellen, despite a sharp sell-off in Royal Bank of Scotland and
increasing tension over Ukraine.
S&P
The S&P 500
closed at a record on Thursday and ended in positive territory for the year
after Federal Reserve Chair Janet Yellen said harsh weather seems to be to
behind recent U.S. economic softness.
NIKKEI
Japan's Nikkei share
average was flat in choppy trade on Friday morning after two days of losses as
investors remained cautious amid tensions in Ukraine, while a stronger yen
weighed on risk appetite.
EURO
The euro was nearly
flat on the day at $1.3707, pulling away from the previous session's two-week
low of $1.3641.
DOLLAR
The dollar's early
gains against the yen unravelled, with the U.S. unit shedding about 0.3 percent
to 101.86 yen, moving back toward a one-week low of 101.70 yen touched on
Thursday.
SILVER
Silver was up 0.3
percent at $21.28 an ounce, recovering from Wednesday's nearly 3 percent drop.
PLATINUM
Platinum eased 0.11
percent to $1,445.50. It had earlier risen to $1,452 an ounce, matching a
five-week high touched on Thursday.
U.S.CRUDE
U.S. crude futures
for April delivery were down 45 cents at $101.95 a barrel by 0012 GMT, still on
track for a monthly gain of 4.6 percent. The contract finished 19 cents lower
on Thursday.
BRENT CRUDE
Brent oil futures
fell on Thursday, pressured by civil unrest in Ukraine that curbed overall risk
appetite and fueled fears that it would slow growth in Europe and lessen oil
demand.
OIL
Oil slipped, taking its cues from unrest in the
Ukraine, with Brent crude down about 0.1 percent at $108.89 a barrel.
COPPER
London copper
steadied on Friday after comments by Federal Reserve Chair Janet Yellen soothed
jitters over U.S. growth prospects, but was set to close the month flat on
lingering worries over a slowdown in China.;
SPOT GOLD
Spot gold was little
changed at $1,330.78 an ounce by 0023 GMT, down from a four-month high of
$1,345.35 struck on Wednesday.
GOLD
Gold hardly moved on Friday but still was on track
for its fourth week of gains after investors chased prices higher on concerns
about the pace of the U.S. economy and unrest in Ukraine
U.S.MARKET UPDATE
The S&P 500 closed at a record on Thursday and ended in positive territory for the year after Federal Reserve Chair Janet Yellen said harsh weather seems to be to behind recent US economic softness.
The Dow Jones industrial average rose 74.24 points or 0.46 percent, to end at 16,272.65. The S&P 500 gained 9.13 points or 0.49 percent, to finish at 1,854.29, surpassing its previous record closing high set on January 15.
Wednesday, 26 February 2014
ASIAN STOCKS
In other markets,
Asian stocks got off to a cautious start on Wednesday following a flat finish
on Wall Street and as concerns over opaque policy moves in China kept investors
on edge.
ASIAN STOCKS
In other markets,
Asian stocks got off to a cautious start on Wednesday following a flat finish
on Wall Street and as concerns over opaque policy moves in China kept investors
on edge.
U.S.TREASURIES
Yields on 10-year
U.S. Treasury notes were steady at 2.71 percent after dipping about 4 basis
points overnight, leaving them roughly in the middle of the recent 2.57 to 2.79
percent trading range
NIKKEI
In Tokyo, the Nikkei
225 .225 pared early losses to be off 0.2 percent, which follows a 1.4 percent
gain on Tuesday.
YEN
The yen was broadly
firmer early on Wednesday following a generally lacklustre session that saw
investors give the dollar a wide berth on the back of a decline in U.S.
Treasury yields.
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