July 2013

Europe shares drops: Fed decision expected

The European stock market traded flat at market open on Wednesday as investors focus on the outcome of the Federal Reserve’s two-day meeting, with possible hints on when the central bank would begin to scale back its bond-buying program.

Futures of the European Euro Stoxx 50 dropped to 0.09% lower at 2,758.50, while the German DAX futures declined 0.21% at 8,260.80. The French CAC 40 futures were seen 0.14% lower, as the UK FTSE futures fell 0.10% to 6,529.30.

A statement from the two-day policy meeting is expected to be released by the Federal Reserve (Fed) later this afternoon. Read more

Gold declines ahead of Fed meeting

Gold Futures were seen trading low on Tuesday as investors focus on the two-day Federal Reserve (fed) meeting, where they could get a possible hint as to when the central bank intends to start scaling back on its stimulus program.

The yellow metal futures fell 0.46% lower, trading at $1,323.40 an ounce, while the silver futures were down 1.36% at $19.595 an ounce at the time of writing.

Gold correlates inversely with the US dollar and dropped after trading flat as the European trading hours began. The US dollar index has had a slight advance due to investor’s assumptions ahead of the Federal Reserve meeting. Read more

Europe shares climbs ahead of Fed meeting

Markets in Europe started the trading week green, as major central banks in the US, UK and Europe will maintain the current monthly monetary stimulus measures as they meet later during the week.

The European Euro Stoxx 50 opened the market gaining 0.39% to 2,752.73, while the German DAX advanced 0.54% to 8,289.3. In France, the country’s CAC 40 index edged up 0.41% higher at 3,985.27, while the UK’s FTSE 100 edged down 0.01% to 6,538.80.

The European Central Bank (ECB) is expected to announce their rates decision on Thursday, as to whether to proceed with refinancing rate or minimum bid rate. Read more

Shares in Asia falls as Yen strengthens

Asian stocks were seen falling for the fourth day, as yen strengthened and lenders dropped, while the Chinese government attempt to boost growth failed.

The benchmark Nikkei 225 index dropped 2.44% lower to 13,785.63 points as of 1:44am GMT, while the broader Topix fell by 2.86% to 1,135.67 points at the same time.

Hong Kong’s Hang Seng dived 0.94% lower to 21,762.01 points as of 1:48am GMT, while the Chinese mainland Shanghai composite dropped 1:28% as of 2:03am GMT and the Korean benchmark Kospi index declined 0.05% to 1,909.90 points  as of 1.41am GMT. Read more

Europe shares open green ahead of earning reports

European Shares were seen opening in green on Friday, as new corporate reports from the European firms were released. Investors were supported from the higher close on Wall Street in the previous session. Shares in Europe were dropping in the previous session because of the weak earnings.

The pan-European Euro Stoxx 50 advanced 0.41% to 2,753 at market opening, while the German DAX rose 0.55% to 8,344.81. The French CAC 40 gained 0.61% to 3,980.20, while the UK FTSE 100 was up 0.39% to 6,613.50. Read more