5 min
Financial Market News 27.08.2020 Stocks & FX Yang FX & Stocks
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- Investing
DAX in Germany traded 0.1% higher, the CAC 40 in France fell 0.2% and the U.K.'s FTSE index was down 0.2%.
Oil prices were stable Thursday as Hurricane Laura made landfall, threatening to devastate the U.S. Gulf Coast, an area with nearly half of America’s refining capacity. U.S. crude futures traded 0.1% higher at $43.42 a barrel, while the international benchmark Brent contract rose 0.3% to $46.29. Gold futures rose 0.1% to $1,954.65/oz, while EUR/USD traded up 0.1% at 1.1835.
Rolls-Royce (OTC:RYCEY) Holdings (LON:RR) stock dropped 7.3% after the U.K. engineering company reported a large pretax loss for the first half of the year, and couldn’t recommend a dividend.
Advertising group WPP (LON:WPP) rose 5.4% after it resumed paying a dividend after cost cuts helped it to beat dire forecasts for second-quarter trading.
Bouygues (PA:BOUY) climbed 2.9% despite the French construction and media conglomerate reporting a net loss for the first half of 2020. It expects significant profitability in the second half of the year.
GBP/USD extends the Asian consolidative mode into the European session on Thursday, having witnessed a sharp rise to 1.3220 levels in the US last session. EUR/USD is posting modest gains in the 1.1840 region. US Initial Claims, flash Q2 GDP figures next of note in the docket. The dollar edged lower in early European trade Thursday, with investors looking to Federal Reserve Chairman Jerome Powell for guidance as to how the central bank might alter its policy framework to help the U.S. recovery. The dollar index was down 0.1% at 92.942.
DAX in Germany traded 0.1% higher, the CAC 40 in France fell 0.2% and the U.K.'s FTSE index was down 0.2%.
Oil prices were stable Thursday as Hurricane Laura made landfall, threatening to devastate the U.S. Gulf Coast, an area with nearly half of America’s refining capacity. U.S. crude futures traded 0.1% higher at $43.42 a barrel, while the international benchmark Brent contract rose 0.3% to $46.29. Gold futures rose 0.1% to $1,954.65/oz, while EUR/USD traded up 0.1% at 1.1835.
Rolls-Royce (OTC:RYCEY) Holdings (LON:RR) stock dropped 7.3% after the U.K. engineering company reported a large pretax loss for the first half of the year, and couldn’t recommend a dividend.
Advertising group WPP (LON:WPP) rose 5.4% after it resumed paying a dividend after cost cuts helped it to beat dire forecasts for second-quarter trading.
Bouygues (PA:BOUY) climbed 2.9% despite the French construction and media conglomerate reporting a net loss for the first half of 2020. It expects significant profitability in the second half of the year.
GBP/USD extends the Asian consolidative mode into the European session on Thursday, having witnessed a sharp rise to 1.3220 levels in the US last session. EUR/USD is posting modest gains in the 1.1840 region. US Initial Claims, flash Q2 GDP figures next of note in the docket. The dollar edged lower in early European trade Thursday, with investors looking to Federal Reserve Chairman Jerome Powell for guidance as to how the central bank might alter its policy framework to help the U.S. recovery. The dollar index was down 0.1% at 92.942.
5 min