Asian shares edged up on Friday after China’s trade data for January
handily beat forecasts to underscore a recovery trend, but prices were
capped by investors seeking to book profits before next week’s Chinese
new year holidays.
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Friday, 8 February 2013
U.S. STOCK
U.S. stocks declined on Thursday, taking a step back from their recent
advance, prompted by comments by the ECB president on the euro and
Europe’s outlook.
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DOLLAR
The dollar/yen is up nearly one percent so far this week in its seventh
straight week of gains as investors sold the yen on expectations that
Japan will pursue aggressive monetary easing to shore up the economy.
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EURO
The euro traded at $1.3392, close to its late U.S. levels after having
fallen 0.9 percent on Thursday. At one point it fell as low as $1.33705,
the lowest since Jan. 25
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LME COPPER
Three-month copper on the London Metal Exchange rose 0.3 percent to
$8,224 a tonne by 0122 GMT. Copper hit a four-month high of $8,346 on
Monday but has since traded below that.
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BRENT CRUDE
Brent crude oil rose to a near five-month high above $117 a barrel after
Iran rejected calls for direct talks with the United States.
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