Friday, 25 April 2014


Asian stocks struggled to rise on Friday, as the impact of upbeat U.S. economic data and robust U.S. tech shares faced off against fears of an escalating Ukraine crisis that bolstered the safe-haven yen


The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker’s strong results, though tensions in Ukraine held the broader market in check.


Yields on benchmark 10-year Treasuries slipped as well, down for a second consecutive day, as markets failed to nudge them above their 200-day moving average of 2.7271 percent, prompting short-covering.


Britain's top share index hit a seven-week closing high on Thursday, bolstered by expectations of deal-making in the healthcare sector, though renewed tension in Ukraine dented the market's gains.''


The dollar traded at 102.30 yen, near a one-week low of 102.085 hit on Thursday, after Ukrainian forces killed up to five pro-Moscow rebels on Thursday as they closed in on the separatists' military stronghold in the east.


The Nikkei share average closed down 1 percent at 14,404.99 while the broader Topix index fell 0.8 percent to 1,164.90 .TOPX, with trading volume slightly below the average in the past month.


Among other precious metals, silver was up 1.1 percent at $19.62 an ounce, having dropped to a nearly five- month low of $18.91 an ounce earlier.


Platinum rose 0.8 percent to $1,408.25 an ounce


Brent gained 8 cents to $110.41, after ending up $1.22.


U.S. oil futures were up 1 cent at $101.95 a barrel by 0049 GMT, after settling 50 cents higher on Thursday.


NYMEX-U.S. crude holds near $102 as Ukraine crisis worsens


Oil, particularly Brent, is also drawing support from the repeated hiccups in Libya's attempts to boost exports.


Three-month copper on the London Metal Exchange touched a session high of $6,775 a tonne, its strongest since March 7. It was up $6 at $6,759 by 0114 GMT, after gaining $83 on Thursday.


London copper futures climbed to their highest level in seven weeks on Friday, buoyed by firm demand in top consumer China, while nickel edged off 14-month peaks.


U.S. gold was at $1,291.80 an ounce, up $1.20.


Spot gold eased 0.06 percent to $1,292.50 an ounce by 0036 GMT. It had dropped to around a 2-1/2 month low of $1,268.24 on Thursday due to firmer equities and a weaker technical picture.


Gold was little changed on Friday and held near its weakest level in more than two months following overnight gains in equities, but rising tensions in Ukraine could offer some support.


The Nasdaq rose modestly in a choppy session on Thursday, lifted by a rally in Apple shares a day after the iPad maker’s strong results, though tensions in Ukraine held the broader market in check.

The Dow Jones industrial average remained unchanged to close at 16,501.65. The S&P 500 gained 3.22 points or 0.17 percent, to 1,878.61. The Nasdaq Composite added 21.372 points or 0.52 percent, to end at 4,148.338.

Tuesday, 22 April 2014


Asian shares were supported after Wall Street stocks extended gains into a fifth day, though investors continued to see the tensions in Ukraine as a threat to risk appetite.


U.S. stocks advanced modestly on Monday in subdued trading as investors showed hesitation in the wake of a strong rally last week and before a slew of key earnings releases this week.


U.S. Treasuries yields were little changed on Monday after anticipation of another round of strong U.S. economic data limited safe-haven bids, and as traders discounted conflict in Ukraine and emphasized efforts to ease tensions in the country.


Britain's top shares rose to a one-week closing high on Thursday after upbeat U.S. results from Morgan Stanley MS.N and Goldman Sachs GS.N drove up financials and allayed investor concerns about the current earnings seaso


The Nikkei average was up 0.3 percent at 14,556.03 in midmorning trade, continuing its recovery from a six-month low of 13,885.22 hit on Monday last week, after U.S. stocks extended gains into a fifth day.


The dollar held at two-week highs against a basket of major currencies after a subdued session on Monday, when many global financial centres were shut for the Easter long-weekend holiday.


U.S. crude for May delivery was down 11 cents at $104.26 a barrel by 0032 GMT after ending nearly flat on Monday.