Economy | News-Opinion
CLOSING BELL: October 11th: DJIA: 13,326.39 | DOWN 18.58 | -0.14%
OIL: $92.07 UP 0.82, +0.90%
GOLD: $1,770.60, UP 5.50, +0.31%
GASOLINE (US Avg): $3.813, Unchanged
Middle East tensions push oil higher; euro up
Leah Schnurr, Reuters - The euro gained for the first time in four days on Thursday after the IMF said euro zone economies should have more time to cut budget deficits, while oil prices rose on escalating tensions between Syria and Turkey.
European and U.S. shares climbed after data showed further signs of improvement in the U.S. labor market, though Wall Street pared its gains in the mid-afternoon.
The data overshadowed a downgrade of Spain’s credit rating by Standard & Poor’s late on Wednesday.
In the currency market, the euro was the primary beneficiary of improved sentiment, and it recovered from a more than one-week low. It was last at $1.2929, up 0.4 percent.
Read the full story at Reuters [here]
The Common Good publishes a financial market wrap-up every weekday after markets close, available here.
