Arab Today, arab today oil extends gains euro recovers on ecb assurances
Last Updated : GMT 23:05:00
Arab Today, arab today
Arab Today, arab today

Oil extends gains, euro recovers on ECB assurances

Arab Today, arab today

Arab Today, arab today Oil extends gains, euro recovers on ECB assurances

Tokyo stocks
Hong Kong - AFP

Oil prices extended their gains on Friday at the end of a volatile week for the commodity, while the euro held its own after the European Central Bank made assurances that Greek banks would have access to much-needed funds.
Investors seemed to shrug off a clash between Greece's new finance minister and his German counterpart over renegotiating Athens' debt, while a strong rally on Wall Street provided some support to regional markets.
While the Greek issue is still in focus, attention Friday will be on the release later in the day of US January jobs data, which could give fresh clues about Federal Reserve monetary policy.
In early trade Tokyo rose 0.80 percent, Hong Kong added 0.31 percent and Sydney gained 0.22 percent -- meaning it has climbed more than 10 percent in 12 sessions.
However, Shanghai eased 0.50 percent and Seoul dropped 0.31 percent.
Oil enjoyed another uptick at the end of a week that has seen prices swing from six-year lows last Friday to highs not seen since the turn of the year.
"Volatility is rampant in oil markets right now; prices are gyrating up and down by five percent every other day as traders jostle for position," said Jasper Lawler, market analyst at trading group CMC Markets UK.
On Friday US benchmark West Texas Intermediate for March delivery was up 42 cents at $50.90 a barrel and Brent gained 22 cents to $56.79.
The contract late last week hit lows not seen since March 2009 owing to a global supply glut and a strong dollar. However, this week's rally has been put down to a technical rebound, while the dollar has also weakened since a batch of disappointing US data.
On Wall Street the Dow climbed 1.20 percent, the S&P 500 rose 1.03 percent and the Nasdaq advanced 1.03 percent.
The euro was treading water following Thursday's advances that came in response to soothing noises out of the ECB over Greek banks' access to cash.
The single currency bought $1.1472 and 134.83 yen early Friday, compared with $1.1475 and 134.89 yen in New York Thursday afternoon.
The dollar was at 117.51 yen against 117.55 yen in US trade.
On Wednesday the euro tumbled after the bank said Greece's lenders would not be able to use government bonds as collateral to raise funds. But ECB officials said Thursday they could still tap its emergency liquidity assistance programme, dampening fears of an immediate banking crisis while Athens seeks new bailout terms with creditors.
Greek Finance Minister Yanis Varoufakis's talks with Germany's Wolfgang Schaeuble got off to a frosty start Thursday when he and his anti-austerity Syriza party were reminded of its commitments to its creditors.
On the latest leg of a European charm offensive looking for a renegotiation of Greece's bailout, Varoufakis said he and Schaeuble had not found any common ground, while the German side said it was sceptical about Athens' proposals.
Gold fetched $1,265.90 an ounce, against $1,260.30 on Thursday.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil extends gains euro recovers on ecb assurances Arab Today, arab today oil extends gains euro recovers on ecb assurances

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil extends gains euro recovers on ecb assurances Arab Today, arab today oil extends gains euro recovers on ecb assurances

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday