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Swiss franc holds dollar gains on hopes for Greek aid  ZURICH: The Swiss franc ticked higher against the dollar on Friday, closing on a twenty-day high hit the previous session as it mirrored euro gains.   The euro was firmer against other currencies on expectations international lenders may soon reach a deal to release the next tranche of aid for Greece.   The franc has been trading almost in tandem with the single currency since the Swiss National Bank capped it at 1.20 per euro more than a year ago in order to stave off recession and deflation.   "The dollar-franc continues to move in tandem with the euro-dollar. More confidence in the market could support the euro-franc, but uncertainty over the euro group meeting and questions around Greece are more likely to keep the euro-swissie under pressure," said Commerzbank forex strategist Antje Praefcke.   "We still don't see much flow in the euro-Swis franc cross. It's quite a dead end trade for the moment."   The franc rose 0.1 ...

Sterling hits one-month low vs euro on Greek optimism  LONDON: Sterling hit a one-month low against the euro on Thursday on optimism that the euro zone will reach a deal to help debt-laden Greece, while concern about the UK economy checked its gains versus the dollar.   The euro hit a peak of 80.86 pence, its highest since Oct. 25. It was last up 0.4 percent on the day at 80.72 pence. Technical support came in at 80.37 pence, the 55-day moving average.   Expectations that a euro ...
Euro buoyant on Greece aid deal hopes, yen weak  LONDON: The euro extended gains on Thursday, hitting its highest since late April against the yen on expectations international lenders will soon agree an aid deal for Greece and Japan would ease monetary policy further.   The single currency also rose to a three-week high against the dollar helped by euro zone data which showed manufacturing activity slowed less than expected in November.    The PMI data marginally eased worries about a deepening euro zone recession, especially after an ...
Britain LONDON: Britain's FTSE 100 index extended gains into a fourth session on Thursday, hitting one-week highs after a return to growth in Chinese manufacturing boosted demand prospects for the produce of UK metals and energy companies.   The Chinese HSBC Flash Manufacturing PMI rose to 50.4 in November, moving above the 50 mark that separates growth from contraction for the first time in 13 months and offering fresh signs of recovery in the world's No. 2 economy.   "Having ...
Brent slips below $111 after Gaza ceasefire  LONDON: Oil dipped below $111 per barrel on Thursday, as concerns over supply eased after a ceasefire took effect in the Gaza Strip, but uncertainty over its success and a recovery in Chinese manufacturing offered support.   Israel and the Islamist Hamas movement agreed to an Egyptian-sponsored ceasefire late on Wednesday to halt the eight-day conflict around Gaza kept a lid on oil price gains.   Although Israel is not an oil exporter, concern that oil-producing nations in the ...
Euro rises to 6-1/2 month high against the yen  LONDON: The euro rose to a 6-1/2 month high against the yen on Thursday, as stronger-than-expected French PMI and a mixed set of German activity data helped the single currency.   The yen was also under pressure on speculation the Bank of Japan will ease monetary policy in coming months. Traders said a large Japanese bank sold a chunk of yen against the dollar, pushing the Japanese currency lower.   The euro rose to 106.42, its highest level since ...
Swiss franc up vs dollar on Greek deal optimism  ZURICH: The Swiss franc rose against the dollar on Thursday, tracking the euro higher, after German Chancellor Angela Merkel revived hopes that a deal to release emergency aid for indebted Greece was possible on Monday.   The euro had come under pressure on Wednesday after European finance ministers, the European Central Bank and the International Monetary Fund failed to reach a deal to free up new aid for Greece.   Merkel's comments that there was a chance that Greece's ...


Index Closing Chg%
Arrow DJIA 16,493.37 0.42
Arrow Nasdaq 4,352.64 0.39
Arrow S&P 1,925.15 0.29
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Arrow CAC-40 4,202.78 1.02
Arrow Nikkei 15,523.00 0.63
Arrow H.Seng 24,532.43 0.91
Arrow Sensex 25,480.84 1.60

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