GLOBAL MARKETS-Stocks Dip on Lukewarm Data; Oil Falls 2 New York

Saturday 1441/12/25 - 2020/08/15
  • Share on Google+

The euro zone reported the biggest drop it ever recorded in employment in the second quarter. Data also confirmed a record fall in gross domestic product last quarter and a widening in the euro zone's trade surplus with the rest of the world.
Data showing a slower-than-expected rise in Chinese industrial production and a surprise fall in retail sales put Asian shares on the defensive.
Yields on benchmark U.S. Treasuries dipped but remained elevated after an auction of 30-year bonds on Thursday met weak demand. The 30-year yield rose every day this week. Benchmark 10-year notes last rose 2/32 in price to yield 0.7094%, from 0.716% late on Thursday.
The 30-year bond last fell 12/32 in price to yield 1.4439%, from 1.428%.
Gold ticked lower and posted its steepest weekly fall since March, following a string of nine weeks of gains.
Spot gold dropped 0.5% to $1,943.76 an ounce. Silver , also posting a weekly loss after a long string of gains, fell 4.16% to $26.41.
The dollar index was headed for an eighth consecutive week of losses, its longest weekly losing streak in a decade. The index fell 0.163%, with the euro up 0.25% to $1.1841.
The Japanese yen strengthened 0.30% versus the greenback at 106.59 per dollar, while Sterling gained 0.16% to $1.3084.
Oil edged further below $45 a barrel, giving up some of this week's gain, under pressure from doubts about demand recovery due to the COVID-19 pandemic and rising supply.
U.S. crude recently fell 0.05% to $42.22 per barrel after hitting $41.62 earlier and Brent was unchanged in late trading at $44.96 after falling to $44.47.
00:48 LOCAL TIME 21:48 GMT