Market News and Analysis
Won drops to 3-week low amid intervention concerns
Wed, 15 May 2013 10:53:05 GMT
The South Korean Won declined to the lowest level in three weeks on Wednesday amid speculation that the country's lawmakers may weaken the currency in order to protect exporters as >>
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Pound little changed before BoE report
Wed, 15 May 2013 10:42:05 GMT
The British Sterling snapped a four-day decrease against the U.S. Dollar before the Bank of England released its quarterly report tracking the level of inflation in the country and as >>
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Australia unveiled $18 billion budget deficit
Wed, 15 May 2013 10:31:03 GMT
Australian government unveiled its annual budget on Tuesday, which showed a $18 billion deficit, while analysts forecasted a figure of around 20bn Australian dollars ($20bn) for the financial year 2013-14. >>
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U.K. house prices surged to three-year high
Wed, 15 May 2013 10:20:02 GMT
Another evidence that Britain's property market is gaining pace has emerged as data published by the Royal Institution of Chartered Surveyors showed that house prices soared to the highest level >>
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Fed needs to slow QE
Wed, 15 May 2013 10:09:02 GMT
The Federal Reserve is likely to announce a slowdown of its monthly bond purchases as soon as its next policy meeting, Philadelphia Fed President Charles Plosser said Tuesday. >>
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German business mood improved slightly
Wed, 15 May 2013 09:58:03 GMT
Confidence among businesses in Europe's largest economy improved slightly this May, however, less than expected, adding to signs the economic outlook worsens as the Euro region remains mired in recession. >>
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German GDP expands less than forecast in Q1
Wed, 15 May 2013 09:47:03 GMT
Gross domestic product in Germany accelerated on a slower-than-forecast pace in the first three months of 2013, a data revealed by the Federal Statistical Office showed on Wednesday. According to >>
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Copper rises on Monday reversing biggest fall in two weeks
Wed, 15 May 2013 09:36:03 GMT
Copper traded in London increased on Wednesday after it fell the most in two weeks as traders weighed weaker economic growth in China, the world's largest user, and improving U.S. >>
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Asian stocks gain to highest level since December 2007
Wed, 15 May 2013 09:25:06 GMT
Asian stocks advanced on Wednesday led by Japanese shares increasing to the strongest level since December 2007 and as benchmark 10-year yields of the country's bonds gained the most in >>
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WTI trades near 14-day low amid rising supplies
Wed, 15 May 2013 09:14:03 GMT
West Texas Intermediate oil was traded close to its lowest level in almost a 14-day period on Wednesday amid signs of increasing inventories as crude stockpiles advanced 1.1 million barrels >>
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Gold swings between gains and losses amid outflows from ETPs
Wed, 15 May 2013 09:03:04 GMT
Gold fluctuated on Wednesday moving up slightly during Asian trading hours and reversing during trading hours in Europe and U.S. as buyers were lured by a 3.3% fall recorded in >>
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South Korea's jobless rate drops in April
Wed, 15 May 2013 08:52:05 GMT
Total number of unemployed people in South Korea decreased in April as the seasonally adjusted unemployment rate fell from 3.2% in March to 3.1% recorded in the following month, a >>
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Japan's consumer confidence drops unexpectedly in April
Wed, 15 May 2013 08:41:05 GMT
Consumer confidence in Japan surprisingly declined in April, according to a report revealed by the Cabinet office on Wednesday. The report showed that the seasonally adjusted consumer confidence index dropped >>
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U.S. import prices decrease in line with projections
Wed, 15 May 2013 08:30:05 GMT
U.S. import prices matched economists' expectation in April, when they dropped by 0.5% on the month following a 0.2% decline recorded in March, the latest data published by Labor Department >>
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French economy slips into recession in Q1
Wed, 15 May 2013 08:19:05 GMT
Performance of French economy remained unchanged in the first three month of 2013 from the quarter before as the country fell into recession, a report released by the statistical office >>
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