European equities lost on Friday as an estimate beating German Ifo business climate report failed to induce risk sentiment. Shares closed lower after the Nikkei stock average first rose 3%, then dropped 3%, before rising again.
The Japanese currency hovers around the ¥101 level against the greenback in tight range trading.
Bullion steadied during Friday's US midday session in a range between $1,385-1,390. Bulls lost their strength, taking a breath before the release of fresh incentives.
- TransCanada loses patience over delayed pipeline approval
- US stocks erase big portion of losses, Fed still in focus
- GBP/USD: British pound rebounds versus greenback
- Crude oil pares some losses, hovers around $94 a barrel
- Wall Street shares trade softer amid Fed QE worries
- US stocks down, Fed QE worries persist
- More news »
News By Sector
- Politics EU summit agrees on banking information exchange within a year No room for cheats in the Senate, warns Harper Oklahoma tornado kills around 90, destroys schools More »
- Economy TransCanada loses patience over delayed pipeline approval US durable orders jump 3.3% in April German Ifo business climate rises to 105.7 in May More »
- Equities US stocks end mixed on last trading day of week US stocks erase big portion of losses, Fed still in focus Europe takes losses after volatile Asian session More »
- Fixed Income / Bonds US benchmark yields rise above 2% on Fed's QE comments Treasuries rise first time in a week as data offers new stimulus hope Treasuries tumble to 7-week low as Fed seen stopping purchases More »
- Currencies USD/JPY: Yen keeps gains versus dollar GBP/USD: British pound rebounds versus greenback EUR/GBP: Pound still straggling against euro More »
- Commodities Gold steady below $1,400 Crude oil pares some losses, hovers around $94 a barrel Gold creeps below $1,400 in quiet trading session More »