Saturday 25 August 2012

ASIAN STOCK


Asian stocks declined for the first week in four, with the region’s benchmark index retreating from the highest level since May, on signs of slower growth in the U.S. and China and amid concern Europe’s leaders aren’t making progress in solving the region’s debt crisis.

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U.S.STOCK


U.S. stocks gained on Friday on news the European Central Bank is considering setting targets in a new bond-buying program that could help contain euro-zone borrowing costs and on hopes of more stimulus from the Federal Reserve.

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U.S.TREASURY


The world’s largest auto maker, General Motors Co, is in talks with lenders to double its line of credit currently worth $5 billion in a bid to consolidate its balance sheet and shrink its pension obligations, The Wall Street Journal said quoting unnamed sources.

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DOLLAR

The dollar was last up 0.2 percent at 78.54 yen.

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EURO

The euro last traded at $1.2534, down 0.2 percent and below Thursday’s peak of $1.2589.

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U.S.CRUDE

U.S. October crude fell only 12 cents to settle at $96.15 a barrel.

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BRENT CRUDE

Brent October crude was down $1.87 at $113.14 a barrel.

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OIL

Brent crude futures fell $2 on Friday, pressured by a trade journal report that the International Energy Agency is likely to tap strategic oil reserves as soon as September, dropping its resistance to a U.S.-led plans.

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SHANGHAI COPPER

Inventory data showed copper inventories in warehouses monitored by the Shanghai Futures Exchange rose 1.8 percent from last Friday.

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LME COPPER

Three-month copper fell $44.50 to end at $7,640 a tone.

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COPPER


Copper fell on Friday, largely tracking a volatile euro versus the dollar, but cut its losses later in the day on hopes that European policymakers were perhaps gaining an upper hand in containing the region’s long-standing debt problem.

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U.S.GOLD

U.S. gold futures for December delivery settled down 10 cents at $1,672.90.

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SPOT GOLD

Spot gold was down 3 cents at $1,670.01.

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GOLD

Gold prices ended flat on Friday as the market took a breather after surging to a four-month high on Thursday on fresh hopes for a new round of U.S. monetary stimulus.

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Friday 24 August 2012

ASIAN STOCK

Asian shares retreated from a two-week high on Friday on scaled back expectations of more stimulus from the U.S. Federal Reserve and growth concerns after manufacturing surveys from the euro zone and China depicted a bleak outlook.

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U.S.STOCK

U.S. stocks fell on Thursday as expectations for quick stimulus action from the Federal Reserve receded and Chinese and euro zone data pointed to a stalling global economy.

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U.S.TREASURY

U.S. government debt prices rose on Thursday as traders bet on more stimulus from the Federal Reserve, after minutes from its last policy meeting showed that action might be imminent in a bid to reduce unemployment.

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FTSE


The FTSE 100 was up 2.40 points, or 0.04 percent, at 5,776.60 after a topsy-turvy session which saw The index hit a peak at 5,809.26 before dropping back to a low of 5,764.02, with movements exaggerated by thin volumes.

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DOLLAR

The dollar inched up 0.1 percent to 78.57 yen.

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EURO

The euro traded at $1.2558, near a seven-week high of $1.2590 hit on Thursday.

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NIKKEI

Nikkei average shed 1.3 percent on Friday, retreating from a three-month closing high in the previous session as expectations for quick stimulus measures from the U.S. Federal Reserve dimmed.

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U.S.CRUDE

U.S. crude down 0.4 percent to $95.90 a barrel.

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BRENT CRUDE

Brent October crude rose 10 cents to settle at $115.01 a barrel.

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OIL

Brent crude pared gains on Thursday as revived hopes for more stimulus from the U.S. Federal Reserve faded and doubts about Europe’s ability to address its debt crisis crept back in focus.

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