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GLOBAL MARKETS 21/07 THURSDAY

Yatheendradas C.k. at 08:55 AM - Jul 22, 2016 ( ) Views: 216

 GLOBAL MARKETS 21/07 THURSDAY 
 
Asia markets mostly gained o, with Japanese shares advancing after local media reports suggested the government was preparing a sizable stimulus package. In Japan, the Nikkei 225 closed up 128.33 points, or 0.77%, at 16,810.22.  Chinese market also rose, with the Shanghai composite closed up 11.28 points, or 0.37%, at 3,039.18. Hong Kong's Hang Seng Index  was up 118.01 points or 0.54% up at 22000.49. In South Korea, the Kospi closed down 3.24 points, or 0.16%, at 2,012.2. Australia's ASX 200 closed up 23.67 points, or 0.43%, at 5,512.40.

European stocks finished mostly around the flatline  after the European Central Bank (ECB) left its key interest rate unchanged and as investors digest a slew of earnings from major companies. The DAX gained 0.14%, while the FTSE 100 led the CAC 40 lower. They fell 0.43% and 0.08% respectively..


U.S. stocks closed lower Thursday, snapping the Dow's nine-day winning streak, as oil prices weighed and the market consolidated ahead of next week's Fed meeting. The Dow Jones Industrial Average shed 77.80 points, or 0.42%, to close at 18,517.23. The S&P 500 index  finished down 7.85 points, or 0.36%, to 2,165.17.The Nasdaq Composite Index closed off 16.03 points, or 0.31%, at 5,073.90.

Oil prices fell more than 1 percent, erasing gains from the previous session, after a rise in U.S. gasoline inventories pushed supplies in the world's top oil consumer to a record high, reinforcing worries of a global glut.

 

U.S. west Texas Intermediate Crude for September delivery, the new front-month contract from Thursday,  fell $1.04, or 2.27 percent to $44.71 a barrel at 2:41 p.m. ET.. Brent Crude's September contract was down $1.02 at $46.15 a barrel.


Gold futures slipped to the lowest price since late June until an end-of-session rally buoyed prices, although the market is vulnerable due to signs of an improving US economy.Gold for August delivery on the Comex division of the New York Mercantile Exchange gained $10.60 or 0.8 percent to $1,329.90 per ounce.Comex silver for September delivery reversed up 20.2 cents or one percent to $19.815 per ounce.


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