In Asian Equity Markets Tokyo stocks fell on Monday as a stronger yen weakened earnings outlooks for Japanese exporters, and as financial companies tumbled after data showed the U.S. economy grew at a slower-than-expected pace in the fourth quarter. The Nikkei index fell 0.5 percent to 19,368.85 points in thin trade. The broader Topix lost 0.4 percent to 1,543.77 and the JPX-Nikkei Index 400 fell 0.4 percent to 13,849.28. MSCI’s broadest index of Asia-Pacific stocks outside Japan fell 0.4 percent in holiday thinned trade. Australian stocks tumbled more than 1 percent, while New Zealand pulled back 0.6 percent.

In Currency Markets the dollar fell on Monday, nudged off a one-week high against a basket of currencies after Treasury yields declined on data showing the U.S. economy growing more slowly than expected. The dollar was down 0.6 percent at 114.410 yen after it rise on Friday to 115.380, its highest since Jan. 20. The euro added to Friday’s modest gains and was last 0.3 percent higher at $1.0733. The pound was up 0.4 percent at $1.2594 against a broadly weaker dollar, paring Friday’s losses. The Australian dollar was 0.1 percent higher at $0.7556 and the New Zealand dollar was also 0.1 percent firmer, at $0.7272. The dollar index was down 0.3 percent at 100.320.

In Commodities Markets oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. London Brent crude for March delivery lost 28 cents to $55.24 a barrel, after settling down 72 cents on Friday. NYMEX crude for March delivery was down 27 cents at $52.90 a barrel. Gold prices edged up on Monday on a weaker dollar and as uncertainty over U.S. policy under President Donald Trump stoked safe-haven demand. Spot gold had risen 0.18 percent to $1,193.31 per ounce, while spot silver remained unchanged at $17.12 per ounce. Platinum was steady at $983 per ounce, while palladium fell 0.7 percent to $730.80 per ounce.

In US Equity Markets stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump. The Dow Jones Industrial Average fell 0.04 percent, to 20,093.78, the S&P 500 lost 0.09 percent, to 2,294.69 and the Nasdaq Composite added 0.1 percent, to 5,660.78. Starbucks lost 4.0 percent to $56.12 after the world’s biggest coffee seller trimmed its full-year revenue forecast. Microsoft rose 2.3 percent, while Intel gained 1.1 percent after both reported quarterly results above Wall Street expectations. Colgate-Palmolive lost 5.2 percent after the personal products maker’s fourth-quarter revenue missed estimates.

In Bond Markets U.S. Treasury yields fell on Friday as data showing a sharper-than-forecast deceleration in economic growth in the fourth quarter spurred buying of U.S. government debt ahead of the Federal Reserve’s first policy meeting of 2017. Benchmark 10-year Treasury yields were down over 2 basis points at 2.482 percent, retreating further from a four-week high reached on Thursday. For the week, the 10-year yield was up 1.5 basis points.

User Auto Log Out 3 Hours Register | Login