The total number of mortgage approvals in the United Kingdom climbed again in November of this year, as the indicator hit the highest level since December 2009. As British Banker's Association data says, 45,000 mortgages were approved in November versus 43,300 a month ago. Economists explain the advance of new mortgages by the government support program in buying property.
Emerging-market shares increased on Tuesday reaching the highest level in two weeks after the People's Bank of China boosted money supply by injecting funds using open-market operations, it was its first intervention in three weeks. The MSCI Emerging Markets Index advanced 0.2% to 995.04 as of 4:20 p.m. in Hong Kong, the most since December 11.
U.S. Treasuries declined on Tuesday falling to the lowest level in more than three years relatively to stock prices before a government report showed that the U.S. durable goods orders and new home sales rose last month suggesting that the Fed may taper more. The 10-year benchmark bonds yields traded at 2.93% by 8:53 a.m. London time, the most since
Gold traded in London was little changed on Tuesday session as investors weighed whether the recent price drops may result in more physical purchases of the metal and as the global economic outlook improves. Bullion for delivery in December traded at $1,198.77 as of 8:51 a.m. London time falling 0.2% and rising 0.4% during the session.
U.K. equities increased on Tuesday rising for the fifth straight session in a holiday-shortened session before a government report showed that new home sales and durable goods orders in the world's largest economy advanced last month. The broadest FTSE All-share Index gained 0.3%, the Irish benchmark gauge ISEQ Index dropped 0.1% and the FTSE 100 Index jumped 0.4% to 6,702.65.
European benchmark index Brent crude advanced on Tuesday trading session after a survey showed that stockpiles in the world's largest oil consumer, U.S., increased by 1.1 million barrels in seven days to December 20 before the official EIA report. Brent for delivery in February added 3 cents to $111.59 per barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate crude declined on Tuesday falling for the second straight session and reducing its first monthly gain in four months on speculation that price increases seen recently may be unsustainable. WTI for settlement in February dropped 38 cents to $98.53 per barrel on the NYMEX and traded at $98.77 by 4 p.m. in Singapore.
Wheat fluctuated on Tuesday trading session traded near the weakest figures in nineteen months on speculation that the low prices may spur demand for the commodity as forecasts show record global harvest. Wheat for delivery in March gained 0.4% and dropped 0.3% before trading at a level of $6.09 per bushel on the CBOT as of 4 p.m. Singapore time.
European shares swung between gains and losses on Tuesday in a holiday-shortened session before a government report showed that the U.S. house sales and durable goods orders increased last month. The region benchmark index Europe Stoxx 600 Index gained 0.1% to 323.77 as of 8:12 a.m. London time, while the London's FTSE 100 Index jumped 0.2%.
Industrial production and exports in the Asia's second largest economy are forecast to advance in the near future amid an improvement in economic situation overseas and as public investments are seen to pick-up as they were stabilized at a decent level, the Bank of Japan revealed in a survey on Tuesday. The survey also showed that consumer prices may continue
The gross domestic product of the French economy shrank on a sequential basis in the three months to September cause by a 0.4% decline in investments despite a 0.1% gain in private consumption and 0.2% increase in government spending, the statistical office Ine reported on Tuesday. France's economy fell 0.1% in the Q3 following a 0.6% jump in the quarter
The key interest rates in the U.S. may stay unchanged near a level of zero until 2015, when they are forecast to be increased depending on actual economic situation in the country, the Richmond Federal Reserve President Jeffrey Lacker said on Tuesday. According to Lacker, the Fed's benchmark rates may be lifted to 2% in 2015.
Consumer spending in France increased in November rebounding strongly by the most in 21 months mainly due to a notable advanced in household goods expenditure rising 1.4% on a sequential basis, the statistical office Ine showed on a report on Tuesday. According to the report, the country's consumer spending gained 1.5% year-on-year in November compared to a 0.5% advanced preliminary
U.S. shares closed higher on Monday with benchmark indexes Dow Jones and Standard & Poor's 500 reaching all-time records as the technology gauge was spurred by a distribution agreement between China Mobile and Apple Inc. The Dow Jones industrial average added 0.45% to 16,294.61, the S&P 500 Index gained 0.53% to 1,827.99 and the Nasdaq Composite index rose 1.08% to
The U.S. Dollar stayed flat on Tuesday losing from its recent gains after a government data revealed that spending in the world's largest economy rose spurring the U.S. Treasuries and bringing optimism on markets as the country's economy improves. The U.S. Dollar index added to 80.530 traded near its two-week peak at 80.827, while it surged 0.2% to 104.36 yen.
Asian equities increased on Tuesday trading session after a government report showed that consumer confidence in the U.S. advanced spurring Wall Street shares to close at their records improving a global economy outlook. The MSCI Asia-Pacific gauge outside Japan gained 0.4%, while the Australian benchmark index rose 0.7% in a shortened season.
China Mobile Ltd., one of the largest mobile telecommunications operators in the world, reached an agreement with Apple Inc. to sell the smart phones made by the American corporation. It is expected that both iPhone 5S and 5C will be available to Chinese consumers via the mentioned operator. Today, China Mobile Ltd. shares added 1.31% to HK$80.95 per share in
Japanese government presented the state budget for the fiscal year 2014-2015, which starts on April 1. The coalition partners agreed on record, 95.88 trillion yen budget, as defense, social security and public works spending is estimated to increase in order to push inflation up. At the same time, it is forecasted that the government will borrow slightly less in 2014
Gold gained on Monday trading session rebounding from the lowest level since 2010 amid speculation that investors start buying the commodity towards the end of the year as low prices may encourage purchases. Gold for delivery in December added 0.3% to $1,207 an ounce after trading at $1,203.76 as of 8:08 a.m. Singapore time.
Soybeans increase on Monday trading session reaching the highest level in nearly two weeks amid concerns that dry and hot weather in Argentina, the world's third largest producer, may stress crops in the region. Soybeans for delivery in March advanced 0.6% to $13.3925 per bushel on the CBOT, the strongest level for most-traded futures since December 11.
European shares increased on Monday rising for the fourth straight day with the benchmark index Stoxx Europe 600 recorded the largest climb since April as the International Monetary Fund officials revealed that the U.S .economy may grow faster. The Stoxx Europe 600 Index surged 0.2% to 321.69 as of 8:10 a.m. London time and it has advanced 15% this year.
The British Sterling strengthened on Monday reaching the strongest level in two years against the U.S. Dollar after the Bank of England official Andrew Bailey suggested that the country's central bank may implement measures to prevent house prices from increasing too fast. The Pound jumped 0.2% to $1.6371 as of 7:38 a.m. in London following an advance to $1.6484 on
Producer price in Spain declined for the second successive month in November on an annual basis mainly due to a 1.9% drop of immediate goods producer prices, the latest data revealed by the statistical office Ine showed on Monday. The country's producer price index slipped 0.6% in November after falling 0.2% in October and rising 0.1% in September.
According to the median economists' expectations, the Federal Reserve System will likely reduce its stimulus program by $10 billion during each FOMC meeting the next year and finally finish the massive QE program by the end of 2014. On the other hand, the possible movements depend on pace of U.S. economic growth and the situation on the labor market, which