US stocks tick down on oil slide

New York, June 10 (IANS) US stocks traded lower as a decline in oil prices weighed on Wall Street.

The Dow Jones Industrial Average fell 73.34 points, or 0.41 per cent, to 17,931.71 on Thursday, Xinhua news agency reported.

The S&P 500 lost 9.51 points, or 0. 45 per cent, to 2,109.61. The Nasdaq Composite Index was down 24.57 points, or 0.49 per cent, to 4,950.07.

Oil prices retreated on Thursday with both the US oil and Brent crude dipping over 1 per cent around midday, as traders took profit.

US stocks ended higher after wavering in a tight range on Wednesday, with the Dow Jones industrial average above the psychologically key 18,000 level for the first time since April.

US dollar rises on upbeat jobless data

New York, June 10 (IANS) The US dollar increased against most major currencies as jobless data from the country came out better than expected.

In late New York trading on Thursday, the euro dipped to $1.1326 from $1.1400 of the previous session, and the British pound decreased to $1.4471 from $1.4508, Xinhua news agency reported.

The Australian dollar went down to $0.7440 from $0.7472.

The dollar bought 106.75 Japanese yen, lower than 106.86 yen of the previous session.

The dollar climbed to 0.9638 Swiss francs from 0.9587 Swiss francs, and it inched up to 1.2721 Canadian dollars from 1.2711 Canadian dollars.

The dollar index, which measures the greenback against six major peers, was up 0.41 percent at 93.977 in late trading.

Tokyo shares open lower

Tokyo, June 10 (IANS) Tokyo shares opened the trading on Friday lower following weak overnight performance in the US stocks market amid cautions before policy meetings by the US and Japanese central banks next week.

The 225-issue Nikkei Stock Average lost 105.33 points, or 0.63 percent, from Thursday to 16,563.08, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 9.99 points, or 0.75 per cent, to 1, 327.42.

Canadian stocks fall as resources, financials drag

Toronto, June 10 (IANS) Canada’s main stock market in Toronto registered a broad decline as oil prices snapped a three-day advance after notching another 2016 high after a strong US dollar sparked profit-taking in crude futures by investors.

The Toronto Stock Exchange’s benchmark Standard & Poor’s/TSX Composite Index lost 73.08 point, or 0.51 per cent, to close at 14,240.02 points on Thursday, Xinhua news agency reported.

Seven of the TSX index’s eight main sub-sectors were lower.

The West Texas Intermediate for July delivery fell 67 cents to settle at $50.56 a barrel, while Brent crude for August delivery lost 56 cents to close at $51.95 a barrel.

The Canadian dollar traded lower at $0.7866, compared with Wednesday’s closing rate of $0.7876.

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