Stock Markets

Yen Slips to Nine-Month Low

On Friday, yen slipped to the nine-month low ahead of Japan elections on Sunday to get a prime minister, who seems to be keen on pushing for more money printing by the central bank and get the moribund economy somewhat stimulated.

wirtschaft: 

SolarCity shares jump 47% on their first day of Nasdaq trading

The Thursday debut of SolarCity on Nasdaq was quite stellar; with the shares of the solar panel installer, sales and leasing firm witnessing a 47 percent gain --- from its $8 IPO price to $11.79 at the end of the day.

Kompanie: 

Dollar Rises against Japanese Currency

Thursday observed a rise in the US dollar against the Japanese yen, while it slipped down against the euro.

The US dollar rose from ¥83.26 to ¥83.64 against the yen. The losses to yen are supposed to be due to the Federal Reserve's decision to expand monetary stimulus. It said that it would be buying additional ling-maturity securities worth $45 billion.

Japan’s Currency Falls, Metals and Oils Advance

Japan's currency has fallen down by 0.4% to record lowest value in the eight months at 82.87 per dollar. Australian dollar rose to highest in the last two months while the currency of South Korea reached a 15 month high on the day.

Mixed Response for UK Stocks

A mixed response was seen at UK Stocks. It was found that the FTSE 100 index has increased by 0.1% amounting to 5,924.44. Meanwhile, when it was declared by the hotel and restaurant group of Whitbread PLC that its total sales have increased by 14.4%, its shares were found to be up by 4.3%.

Kompanie: 

Economy of Sub-Saharan Africa to Grow by 5.7% Next Year

As per the forecasts of International Monetary Fund (IMF), overall economy of sub-Saharan Africa shall observe a 5.7% rise by the next year.

Rand Drops before SA Data Release

It is for the first time in four days before the SA's third-quarter current account data release that rand has fell on Thursday with most of the trader's eyeing upon the SA's data release in a hope to see South Africa's current account widening in the third quarter and after Standard & Poor's cut Greece's debt rating.

Euro Rises as Debt-Stricken Greece and Spain Feel Economic Boost

Amid the debt crisis that has grabbled Greece and Spain, the Euro rose 0.6% reporting a highest increase since last seven months.

The increase was recorded on Wednesday which is believed to come as efforts of Greece and Spain towards boosting their economy in order to get relief from the debt problems. The dollar, on the contrary, fell significantly putting it under pressure.

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