China’s yuan suffers biggest one-year loss since 1994 (news: 30/12/16)

Today’s Press

China’s yuan suffers biggest one-year loss since 1994

China’s yuan strengthened against the dollar on Friday, but was on track for its biggest annual loss since 1994, which would make it the worst performing major Asian currency this year.

Global Stocks on Track to End Strong 2016 on a Soft Note

Britain’s FTSE 100 fell 0.3 percent to 7,102 while France’s CAC 40 declined 0.2 percent to 4,830. Germany’s DAX was also down 0.2 percent, at 11,427. Futures augured a lackluster start on Wall Street, where major indexes have hit a series of record highs in recent months. Both Dow and S&P futures were up 0.2 percent.

Wall Street stocks aim for a positive final session in another bullish year

U.S. stock futures were moving higher on Friday as investors got ready to close out the final trading session of 2016, which is set to deliver the best year for the Dow industrials in three years.

Forex Quotes:

USDJPY: 116.84

EURUSD: 1.0543

Indices:

S&P 500: 2,249.26

NASDAQ : 5,432.09

Source:: China’s yuan suffers biggest one-year loss since 1994 (news: 30/12/16)

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