Gold slips as Greek crisis knocks euro

Gold prices fell on Tuesday as the prospect that Greece would default on a repayment to the International Monetary Fund knocked the euro against the dollar, and as investors remained wary over the metal's longer-term prospects. The chairman of the Eurogroup said it was too late to extend Greece's existing bailout and that the country's stance toward its creditors and euro zone partners would have to change before a new program could...

Oil Pares Monthly Drop as Traders Weigh Greek Bailout Deadline

Oil pared its first monthly decline since March in New York after an official said the European Union contacted Greece to detail how a last-minute bailout accord could still be reached. West Texas Intermediate futures rose 0.7 percent, trimming their loss in June to 2.6 percent. European Commission President Jean-Claude Juncker contacted Greek Prime Minister Alexis Tsipras Monday with the proposal, according to an EU official who asked...

Asian Stocks Advance After Steepest Monthly Drop Since September

Asian stocks rose, after the regional benchmark gauge posted its biggest monthly drop since September, as energy and materials shares led gains. The MSCI Asia Pacific Index climbed 0.1 percent to 146.38 as of 9:01 a.m. in Tokyo. The measure slid 3.4 percent in June, leaving it little changed for the quarter, as Chinese equities in Hong Kong slumped. The city’s stock market is closed Wednesday for a holiday. An official report on China’s...

U.S. Stocks Rebound as Europe Shares, Euro Fall Amid Greece Saga

U.S. stocks rebounded from the biggest drop in a year as Greece made last ditch attempts to secure financing before bailout funding ends. European equities fell with the euro amid the 11th-hour wrangling, while Treasuries capped the first quarterly retreat since 2013. The Standard & Poor’s 500 Index rose 0.3 percent at 4 p.m. in New York. It trimmed the advance in the final minutes of trading to erase a gains for the quarter and is...

U.S. Stocks Erase Gain as Europe Shares, Euro Retreat on Greece

U.S. stocks pared gains, while European equities fell with the euro amid 11th-hour wrangling before bailout funding for Greece ends. Treasuries rose, trimming the first quarterly retreat since 2013. The Standard & Poor’s 500 Index fell less than 0.1 percent at 12:29 p.m. in New York, erasing a 0.8 percent gain. The gauge tumbl the most in a year Monday, leaving it lower for the past three months after nine straight quarterly gains....

Gold ETP Holdings Increase Most in Four Months Amid Haven Demand

Investors bought gold through exchange-traded products at the fastest pace in more than four months as Greece’s financial woes revived demand for the metal as a haven. Global assets in the ETPs rose by 6.3 metric tons last week, the biggest addition since Feb. 6, data compiled by Bloomberg show. Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an statement. Gold...

Emas Menguat Terkait Permintaan Aset Haven Ditengah Krisis Yunani

Emas naik diikuti perak seiring Yunani menutup bank-bank serta pasar modalnya, sehingga mendorong permintaan untuk aset haven di tengah kekhawatiran bahwa keanggotaan euro negara dalam bahaya. Emas berjangka untuk pengiriman Agustus naik 0,4% menjadi $ 1,177.60 per ons pada 08:01 pagi di New York. Kenaikan yang terbatas karena penguatan dolar menguat ke level empat pekan tertingginya terhadap euro. Emas untuk pengiriman segera naik...

Bursa Jepang Naik Akibat Investor Mengkaji Kemungkinan Keluarnya Yunani dari Euro

Bursa saham Jepang menguat karena investor menilai kejatuhan setelah ekuitas global mengalami penurunan tajam dalam dua tahun terakhir akibat kekhawatiran bahwa Yunani akan keluar dari zona mata uang euro. Indeks Topix naik 0,2% ke level 1,627.54, setelah pada Senin kemarin turun 2,5%. Indeks tersebut masih berada di jalur untuk keuntungan kuartalan 5.x persen. Indeks Nikkei 225 Stock Average naik 0,3% menjadi 20,176.99. Indeks MSCI...

S&P 500 Wipes Out Gain for Year as Greece Spurs Global Selloff

The Standard & Poor’s 500 Index retreated the most since April 2014, wiping out a gain for the year, as global equities sold off amid concern over fallout from the Greek financial crisis. The S&P 500 Index sank 2.1 percent to 2,057.71 at 4 p.m. in New York, falling toward its average price for the past 200 days. The Dow lost 348.66 points, or 1.9 percent, to 17,598.02 and erased its gain for the year. The Nasdaq Composite Index...

Wallstreet Ambruk Akibat Sentimen Yunani

Saham AS kembali memperpanjang penurunannya dalam perdagangan berat hari Senin, ditambah aksi sell off saham global pasca tidak tercapainya kesepakatan pembicaraan bailout Yunani meningkatkan kecemasan Yunani dapat menjadi Negara pertama yang keluar dari zona euro. Ketiga indeks utama turun lebih dari 1 persen pada hari yang sama untuk pertama kalinya dalam lebih dari sebulan terakhir karena investor mengurangi kepemilikan aset berisiko...

Gold Futures Market Fifth Straight Session Decline

Gold futures settled lower for a fifth session in a row on Thursday, as traders tracked discussions about a debt deal for Greece that appeared to be increasingly unlikely to materialize ahead of a deadline at the end of the month. Gold for August delivery on Comex  fell $1.10, or 0.1%, to settle at $1,171.80 an ounce. Tracking the most-active contracts, that was the fifth straight session of losses and prices stand at their lowest...

USD/JPY sidelined near 123.60

The greenback is markedly lower vs. its Japanese counterpart on Thursday, with USD/JPY now consolidating around 123.60. The pair has broken down the key support at 124.00 and is now meandering the 123.60 area, amidst a confusing scenario in Greece in light of the Eurogroup meeting. Next of relevance in the pair will be US Initial Claims, Markit’s Services PMI, PCE and Personal Income/Spending. On the Japanese side, critical inflation...

U.S. Stocks Fall as Energy Retreat Overshadows Hospitals Rally

U.S. stocks fell, with the Standard & Poor’s 500 Index below its average price for the past 50 days, as a drop in energy shares overshadowed a rally in health-care while investors watched for a breakthrough in Greek debt talks. The S&P 500 Index slipped 0.3 percent to 2,102.43 at 4 p.m. in New York, falling for a second day. The S&P 500 is headed for a ninth week without a move of more than 1 percent, the longest streak...

U.S. Stocks Fluctuate Amid Hospital Shares Rally, Greek Talks

U.S. stocks fluctuated, after the biggest drop in three weeks, as health-care shares rallied on a U.S. Supreme Court decision while investors watched for a breakthrough in Greek debt talks. HCA Holdings Inc., Tenet Healthcare Corp. and Universal Health Services Inc. jumped at least 7.5 percent after the Supreme Court upheld the nationwide tax subsidies that are a core component of President Barack Obama’s health-care law. Eli Lilly...

Europe Stocks Drop Second Day as Greek Groundhog Day Continues

European stocks extended a selloff as the region’s leaders differed on how Greek talks were progressing. The Stoxx Europe 600 Index lost 0.2 percent to 396.39 at the close of trading. French President Francois Hollande held out hope of a deal for Greece, while his German counterpart said negotiations looked to be going backward. The Greek ASE Index added 0.1 percent, after swinging between gains and losses at least 11 times. Stocks rose...

Minyak Tahan Penurunan Pasca Produksi AS Mendekati Tertinggi 30 Tahun

Minyak turun mendekati level $ 60 per barel setelah produksi minyak mentah AS naik ke level tertinggi dalam hampir tiga dekade. Minyak berjangka sedikit berubah di New York setelah turun 1,2% pada hari Rabu. Sementara stok minyak mentah nasional turun untuk pekan kedelapan, produksi diperluas menjadi 9,6 juta barel per hari hingga 19 Juni, data pemerintah AS menunjukkan. Mendekati level tertinggi sejak Januari 1983 silam. Minyak West...

Gold Caps Longest Slump in a Month on U.S. Economic Optimism

Gold futures capped the longest slump in four weeks after a report showed the U.S. economy in the first quarter contracted less than estimated, supported by a bigger gain in consumer spending. Gross domestic product fell at a 0.2 percent annualized rate, revised from a 0.7 percent drop, government data showed Wednesday. Household consumption grew at a 2.1 percent rate, up from the estimate of 1.8 percent. After the report, gold dropped...

Asian Stocks Track Global Retreat as Progress Stalls on Greece

Asian stocks fell, following global equities lower, as Greece and its creditors broke off talks for the night in Europe without reaching a deal. The MSCI Asia Pacific Index lost 0.1 percent to 149.58 as of 9:04 a.m. in Tokyo. Shares retreated in the U.S. and Europe on Wednesday as disagreement ensued over the terms of Greece’s bailout. Prime Minister Alexis Tsipras and his country’s creditors agreed to meet again first thing Thursday...

Japanese Stocks Halt Four-Day Rally With Greek Talks Deadlocked

Japanese stocks fell, with the Nikkei 225 Stock Average halting four days of gains that pushed it to an 18-year high, as talks between Greece and its creditors remained deadlocked. The Topix index lost 0.5 percent to 1,671.78 as of 9:01 a.m. in Tokyo as all but two of its 33 industry groups declined. The Nikkei 225 slipped 0.3 percent to 20,796.82, after closing Wednesday at its highest level since December 1996. The downbeat tone...

U.S Shares Fall With European Equities, Bonds Gain on Greek Talks

U.S. shares fell with European equities, while Treasuries rose with German bunds in a reversal of recent trades as Greece remained deadlocked with its creditors over terms of a bailout. Oil and gold slid. The Standard & Poor’s 500 Index lost 0.7 percent at 4 p.m. in New York, halting a two days of gains. The Stoxx Europe 600 Index slid 0.4 percent after its best four-day rally since January. The euro rose 0.3 percent to $1.1199 after...

Dollar Rises, Treasuries Slip on Policy Bets; U.S. Shares Mixed

Treasuries fell and the dollar rallied versus the euro on speculation U.S. interest rates will rise while European stimulus continues. Stocks in the euro region jumped, while American shares fluctuated near records amid optimism over a Greek debt deal. The dollar surged 1.5 percent versus the euro at 3:33 p.m. in New York, as the common currency weakened a third day. The yield on 10-year Treasury notes topped 2.40 percent. The Standard...

Gold Back Out of Favor With Fed in Focus as Greek Deal Nears

Gold futures fell for the third straight session, falling out of favor with investors as attention shifts away from Greece and back to the outlook for higher U.S. interest rates. Federal Reserve Governor Jerome Powell suggested Tuesday that rates may rise as soon as September as the economy gains traction. Gold last week posted the biggest advance in a month after Fed officials indicated that monetary tightening will happen at a slow...

U.S. Stocks Gain as Investors Assess Rate Timing, Greece Talks

U.S. stocks rose, with the Standard & Poor’s 500 Index near a record, as investors weighed economic data for clues on the timing of higher interest rates amid optimism that a deal on Greek aid is within reach. The S&P 500 Index climbed 0.1 percent to 2,124.31 at 4 p.m. in New York, after earlier rising within three points of its record close. The Nasdaq Composite Index increased 0.1 percent to an all-time high for a second day. The...

U.S. Stocks Little Changed as Investors Weigh Data, Greek Talks

U.S. stocks were little changed, after the Standard & Poor’s 500 Index rose near a record, as investors weighed economic data for clues on the timing of higher interest rates and watched for progress in Greece’s debt talks. Semiconductors reversed Monday’s gains as Nvidia Corp. and Qorvo Inc. fell more than 2.8 percent. AT&T Inc. rose 2.9 percent after two analyst upgrades. Darden Restaurants Inc. gained as it plans to split...

Europe Stocks Rise for 4th Day on Optimism Over Greece, Economy

European stocks posted their biggest four-day rally since January as the region leaders agreed Greece government was getting serious about reaching a deal. The Stoxx Europe 600 Index rose 1.2 percent to 398.83 at the close of trading. A report showed euro-area factory and services expanded more than forecast in June, signaling a pickup in the region economy amid quantitative-easing measures by the European Central Bank. European leaders...

Dolar Bertahan Pasca Imbal Hasil Utang Jatuh Pada Krisis Yunani

Dolar berada di posisi bertahan terhadap yen pada Senin ini, terbebani setelah imbal hasil utang AS merosot di tengah tanda-tanda kemajuan yang kurang dalam mencegah potensi default utang Yunani. Dolar ditransaksikan pada level ¥122,77  setelah merosot 0,2% pada sesi sebelumnya. Imbal hasil AS dengan tenor 10-tahun yield turun sekitar 8 basis poin pada hari Jumat pada spekulasi safe haven yang dihasilkan oleh kekhawatiran utang Yunani. Kinerja...

Oil Falls for Second Day as Deadline for Iran Nuclear Deal Nears

Oil declined for a second day before a deadline for a nuclear agreement between Iran and world powers that may allow the OPEC producer to increase crude exports. Futures slid as much as 0.8 percent in London. Iranian lawmakers approved the outlines of a bill that would ban inspections of military sites and require the lifting of all international sanctions under any deal, state-run Mehr news agency reported. Diplomats from the Middle...

Asian Stocks Rise Before Emergency Summit on Greece Debt Crisis

Asian stocks rose ahead of Monday’s European emergency summit on Greece’s debt crisis. The MSCI Asia Pacific Index added 0.3 percent to 147.66 as of 9:06 a.m. in Tokyo after sliding 0.7 percent last week. E-mini futures on the Standard & Poor’s 500 Index jumped 0.4 percent ahead of the meeting, which is seen as a last-ditch attempt for Greece and its creditors to devise a bailout deal. With the clock running...

Japan Stocks Rise as Investors Await Emergency Summit on Greece

Japanese stocks rose, led by energy explorers and banks, as investors await an emergency summit in Brussels that could decide Greece’s future in the euro zone. The Topix added 0.2 percent to 1,633.57 as of 9:03 a.m. in Tokyo, with three shares rising for every two that fell. The Nikkei 225 Stock Average gained 0.2 percent to 20,205.13. U.S. futures rose after Greece at the weekend proposed “a definitive solution” to unlock bailout funds, ...

Dollar Slides as Inflation Backs Fed’s Lower-Rates Outlook

The dollar headed for a second weekly decline after a report Thursday showed U.S. inflation is well below Federal Reserve targets, backing central bank plans for gradual interest-rate increases.The U.S. currency weakened after the Fed cut its longer-term projections for U.S. borrowing costs Wednesday, dimming the allure of dollar-denominated assets. U.S. core inflation slowed in May and the overall consumer price index was unchanged for...

Oil Holds Gains Near $60 as U.S. Drilling Slowdown Cuts Supply

Oil held gains near $60 a barrel on track for a second weekly advance amid increasing signs the slowdown in U.S. drilling is reducing an oversupply.Futures were little changed in New York and 0.7 percent higher for the week. U.S. drillers have reduced the number of operating oil rigs for a record 27 weeks to the lowest level in almost five years, according to Baker Hughes Inc., and oil stockpiles have shrunk for seven consecutive weeks. ...

China Stocks Head for Worst Week Since 2008 Amid Margin Concern

China’s stocks fell, sending the benchmark index toward its steepest weekly loss since 2008, amid concern the government will clamp down on margin trading and valuations are excessive after a world-beating rally over the past year.The Shanghai Composite Index dropped 1.5 percent to 4,712.15 at 9:33 a.m., extending losses to 8.7 percent this week. The China Securities Regulatory Commission is working on margin-trading risk management rules...

Shanghai Stocks Head for Worst Week Since 2009 as Futures Drop

China’s stock-index futures fell amid concern the government will clamp down on margin trading to avoid bubble risks and valuations have outstripped earnings growth.Futures on the CSI 300 Index expiring in July, the most active contract, slid 1.1 percent to 4,925 as of 9:18 a.m. local time. The China Securities Regulatory Commission is working on margin-trading risk management rules for securities firms, the 21st Century Business Herald reported,...

Asian Stocks Advance as Investors Await Bank of Japan Decision

Asian stocks rose for a second day, following gains in U.S. shares, as investors awaited a Bank of Japan policy decision. Energy shares led the advance.The MSCI Asia Pacific Index climbed 0.3 percent to 146.91 as of 9:01 a.m. in Tokyo, paring this week’s slide to 0.8 percent. The Standard & Poor’s 500 Index jumped 1 percent on Thursday in New York and the Nasdaq Composite Index closed at a record high after the Federal Reserve signaled...

Dollar Declines as Fed Lowers Projections for Benchmark Rate

The dollar declined to a one-week low after the Federal Reserve lowered its 2016 and 2017 projections for U.S. interest rates. The U.S. currency slid even as the central bank policy makers raised their assessment of the economy and stayed on track to raise interest rates this year for the first time in almost a decade. The Fed’s median estimate for the end of 2016 fell to 1.625 percent, compared with 1.875 percent forecast in March for...

Gold Trades Steady as Fed Raises Assessment of U.S. Economy

Gold traded little changed after the Federal Reserve officials raised their assessment of the labor market and the economy. The metal swung between year-to-date gains and losses more than 10 times in 2015, gyrating as traders tried to gauge the timing of U.S. interest-rate increases. Higher rates drive investors to favor assets that pay interest, including new bonds, curbing the appeal of gold, which generally offers returns only through...

Japan Stocks Fall as BOJ Meets After Fed Signals Gradual Hikes

Japanese stocks fell as investors await a Bank of Japan policy decision after the Federal Reserve signaled the pace of U.S. interest-rate increases will be slow even as it prepares to raise borrowing costs this year.The Topix slipped 0.2 percent to 1,631.01 as of 9:01 a.m. in Tokyo. The Nikkei 225 Stock Average lost 0.2 percent to 20,180.46. The BOJ begins a two-day meeting Thursday in Tokyo, with all 35 economists surveyed by Bloomberg...

U.S. Stocks Gain, Dollar Drops as Yellen Sees Gradual Rate Rise

U.S. stocks rose, the dollar fell and Treasuries erased losses as the Federal Reserve signaled the pace of tighter monetary policy will be gradual even as the central bank prepares to lift interest rates this year. The Standard & Poor’s 500 Index rose 0.2 percent at 4 p.m. in New York, erasing declines on the Fed’s statement. The Bloomberg Dollar Spot Index dropped 0.7 percent, reversing gains. The yield on 10-year Treasury notes...

U.S. Stocks Fluctuate Before Fed While Treasuries Drop With Gold

U.S. stocks fluctuated after erasing earlier gains, while Treasures slid with gold before the Federal Reserve’s decision on interest rates. European stocks fell amid signs the impasse in Greek aid talks was deepening. The Standard & Poor’s 500 Index dropped 0.1 percent at 12:37 p.m. in New York, wiping out an earlier 0.4 percent advance. Treasuries fell, sending 10-year yields 6 basis points higher to 2.37 percent. The Stoxx Europe...

Oil Holds Gains Near $60 as U.S. Crude Stockpiles Seen Shrinking

Oil held gains near $60 a barrel on signs the U.S. supply glut is easing.Futures were little changed in New York after rising 0.8 percent on Tuesday. Crude inventories shrank by 2.9 million barrels through June 12, the industry-funded American Petroleum Institute was said to have reported. Energy Information Administration data Wednesday is forecast to show supplies slid for a seventh week, according to a Bloomberg survey.Oil has rebounded...

Gold dented by firm dollar ahead of Fed meeting, Greece in focus

Gold slipped on Tuesday as the dollar firmed ahead of the U.S. Federal Reserve policy meeting, while a looming Greek crisis failed to trigger sustained demand for safe-haven assets. Spot gold fell 0.7 percent to $1,178.06 an ounce by 1419 GMT, while U.S. gold futures for August delivery were down $8.20 an ounce at $1,177.60. Bullion has not made much headway in recent months because of uncertainty over the timing of a rate rise, which...

Asian Stocks Rise First Time in Three Days Before Fed Decision

Asian stocks rose for the first time in three days, following U.S. shares higher, as investors awaited a Federal Reserve decision on U.S. monetary policy.The MSCI Asia Pacific Index gained 0.2 percent to 146.63 as of 9:02 a.m. in Tokyo. The measure slipped 1.2 percent in the previous two days as European policy makers urged Greece to make the concessions needed to unlock bailout aid ahead of Thursday’s meeting of euro-area finance ministers.The...

Japanese Stocks Follow U.S. Shares Higher on Fed Rate Outlook

Japanese stocks rose as investors speculated the Federal Reserve won’t rush to raise U.S. interest rates amid mounting uncertainty over Greece’s future in the euro.The Topix added 0.3 percent to 1,644.98 as of 9:01 a.m. in Tokyo. The Nikkei 225 Stock Average gained 0.3 percent to 20,322.13.The Federal Reserve concludes a two-day meeting Wednesday, with officials and Chair Janet Yellen expected to leave interest rates unchanged after the economy...

U.S. Stocks Rise With Europe Shares, Treasuries Amid Greece, Fed

U.S. stocks rose for the first time in three days and Treasuries advanced on speculation the Federal Reserve won’t rush to raise rates amid uncertainty over Greece’s future in the euro. European equities rebounded from a four-month low. The Standard & Poor’s 500 Index climbed 0.6 percent at 4 p.m. in New York, rising above its average price for the past 100 days. The Stoxx Europe 600 Index gained 0.6 percent after reversing a 1.1...

Gold Slips as U.S. Interest Rates, Greece Debt Impasse Assessed

Gold prices slipped before two key meetings: a policy update from the U.S. Federal Reserve and a gathering of euro-area finance ministers to discuss Greece’s intensifying debt crisis. The Fed meets in Washington on Tuesday and Wednesday to plot monetary strategy and update economic forecasts. Investors will scrutinize the central bank’s comments for any indications as to when it will raise borrowing costs for the first time since 2006. While ...