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U.S. shares advanced and rose to record levels on Friday, bolstered by a surge in technology stocks. At the close in NYSE, the S&P 500 index jumped 0.37% to close in record territory while the Dow Jones Industrial Average gained 0.11% and the NASDAQ Composite index soared 0.66%. All three major U.S. equities ended SeptemberRead More
U.K. stocks jumped to highest level in more than two weeks on Friday, heading for a second straight weekly gain thanks to a weak British Pound that came after a worse-than-expected Q2 GDP data. The benchmark FTSE 100 index soared dramatically nearly 0.6 percent to trade at 7,363.05 – the highest level since September 14thRead More
New Zealand dollar tumbled for the third day in a row versus its American counterpart ahead of the RBNZ’s monetary policy meeting scheduled later in the day. The greenback was supported strongly amidst mounting expectations that the U.S. Federal Reserve will raise interest rates for the third time at the end of this year. TheRead More
Gold futures prices extended their rally to a third consecutive trading session on Tuesday as escalating geopolitical tensions on the Korean Peninsula fuelled safe-haven demand. The precious metal hold on gains after having jumped sharply in the previous session. Contracts for November gold added 0.35 percent in Asian trading session after having closed at theRead More
The euro tumbled against major rivals on Monday as market participants digested the outcome of the German general election held on Sunday. The result pointed to a win for Chancellor Angela Merkel’s conservative alliance with a much smaller share of the vote. The single currency gapped down versus the dollar in early trade, sending theRead More
U.S. shares were mixed after the close on Friday with the Dow Jones Industrial Average declining 0.04% but the S&P 500 index and the NASDAQ Composite index added gained 0.06% and 0.07 percent, respectively. Meanwhile, the U.S. dollar remained roughly unchanged against a basket of major currencies as an uptick in safe-haven demand was offsetRead More