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Highlights of economic events at the end of the week
18/11/2017 12:00 am [rtl]The rise in US equities and the "Petequin" capital / follow-up of the morning The global markets witnessed many important economic events by the end of the week, where a number of global stock indices rose after several sessions of decline, with the passage of the US House of Representatives draft tax reform law. The currency of the "Petcavin": a new record high of $ 7750 for the first time ever, with gains of more than 10 billion dollars in less than 24 hours. Oil prices changed on Friday after recent declines, but the first weekly drop in six weeks amid rising US supplies. Brent crude for the year was $ 61.23 a barrel, down 13 cents from the previous close. US $ 55.32 a barrel, up 18 cents. Stock markets Japanese stocks rose to their highest level in a week yesterday, boosted by gains in most sectors and the outstanding performance of chip-related stocks such as Sumco and Tokyo Electron. The benchmark Nikkei <.N225> was up 0.2 percent at 22,396.80, its highest close since Nov. 10. But fell 1.3 percent over the week to break a nine-week winning streak. Tokyo Electron, the semiconductor equipment maker, rose 1 percent and Semiconductor Corp., the semiconductor silicon chip maker, rose 4.9 percent. US stock indexes closed for the first time in three sessions, the Nasdaq scored a new record high, with the House of Representatives passing the tax reform bill and the continuing business season. Dollar and Sterling The Dollar extended gains during trading, after the US House of Representatives announced the passage of the new tax reform bill. The data showed that US industrial production rose last month at a faster pace than expected, while US claims increased last week, contrary to estimates. The British pound also gained ground against the major currencies during the trading session, supported by today's data showing Britain's growth in retail sales in October, more than expected on a monthly basis, while the first decline since 2013 on an annual basis.[/rtl] [rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=147639 [/rtl] |
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