Asian shares recorded a modest increase on Monday trading session spurred by record highs of U.S. stock indexes despite a report showing that government debt in the world's second-largest economy rose and as emerging-market currencies fell. The MSCI broadest Asia-Pacific gauge outside Japan gained 0.4%, while the South Korean Kospi added 0.6%.
The International Monetary Fund will increase its forecasts concerning growth in the U.S. economy, while the Congress reached a budget deal and the Fed started its bond purchasing program, pointing on the recovery. As expected, the jobless rate will continue to decline, as consumer confidence will advance. Currently, the IMF predicts the U.S. economy to add 1.6% this year and
Producer price index in Finland continued to decrease in November of this year, as prices fell for a fourth month in a row. The pace of decline in November, however, remained on October's level at 0.9% on the annual basis. At the same time, it is worth pointing out that the PPI for products sold inside the country stayed flat
The Canadian Dollar weakened on Friday falling towards the lowest level in a three-year period after a government report showed that inflation in the country stayed below the Bank of Canada's target ranging between 1% and 3%. The so-called Loonie dropped 0.1$ to C$1.0676 per Greenback by 12:16 p.m. Toronto time following a slide to C$1.0738, the least since May
Copper traded in London increased on Friday narrowing this week's decline as traders put their bets on weaker metal prices after the Federal Reserve curbed its monetary easing by $10 billion a month as the local economy grew 4.1% in Q3. Copper for March settlement added 0.6% to $7,245 per metric ton as of 11:25 a.m. on the London's Metal
Gold increased on Friday rising from the weakest level in three years reducing its weekly decline after the U.S. Federal Reserve announce it cuts its stimulus by $10 billion a month as the nation's economy improved. Bullion for February delivery added 0.2% to $1,195.70 an ounce as of 7:13 a.m. on the New York's Comex and it has dropped 3.2%
Natural gas traded in New York swung between gains and drops on Friday traded near the strongest figures in more than a two-year period after heading demand declined amid milder weather forecast in the U.S. Natural gas for delivery in January decreased 0.2% to $4.45 a million British thermal units as of 12:02 p.m. on the NYMEX following an advance
German benchmark 10-year government bunds declined on Friday falling to the lowest level in two months after the country's consumer confidence advanced to the most in 6 years reducing demand for other European notes. The German 10-year bunds yielded at 1.87% by 4:19 p.m. in London following a climb to 1.91%, the strongest since October 17.
The British Sterling slipped on Friday falling for a first day in three sessions against the 17-nation bloc currency after a government report showed that budget deficit in the United Kingdom widened and consumer sentiment surprisingly dropped. The Pound slid 0.2% to 83.62 pence a Euro as of 4:23 p.m. in London and it rose 0.9% this week.
The European benchmark Brent crude increased on Friday widening the gap between the West Texas Intermediate crude and the Brent, however the report showed that the price difference is forecast to shrink next year as the U.S. exports are expected to reach a record level. Brent traded at a level of $111.25 a barrel on today's session in London, $12.26
European stocks increased on Friday rising for the third successive day and were set to advance the most in a week since April mainly due to a notable gain of ING Groep NV and Banca Monte dei Paschi di Siena SpA. The benchmark index Stoxx Europe 600 Index surged 0.5% to 321.11 as of 4:38 p.m. London time and it
A leading indicator of the second-largest economy stayed flat in October after the index decreased in September and rose in August, while in the May-October period it advanced 1.7% with all components rising, the Conference Board reported on Friday. The German leading index remained at 106.7 points in October, whereas the coincident economic index fell 0.2% in the same month.
Service sector in the United Kingdom recorded a slight increase in the month of October with the pace of growth easing on a sequential basis mainly due to a weak performance by hotels, restaurants and distribution, the Office for National Statistics showed in a report on Friday. The U.K. service sector index gained 0.1% on a monthly basis in October
The European Commission disagrees with Standard & Poor's as the rating agency lowered the EU sovereign debt earlier on Friday citing overall creditworthiness deterioration after it stress-tested the Budget. The sovereign debt rating of the European Union was cut by the agency from the highest ‘AAA' rating earlier today.
Performance of the world's largest economy improved in the three months to September mainly due to a steep increase in non-residential fixed investment and consumer spending, a report revealed by the Commerce Department showed on Friday. According to the report, the U.S. GDP advanced 4.1% in the Q3 compared to 3.6% gain originally forecast.
The U.S. Dollar strengthened on Friday hitting the strongest level in five years against the Japanese Yen and was set to record the best weekly performance since November after a government data unveiled that the U.S. economy grew by 4.1% in the third quarter. The so-called Greenback advanced 0.2% ti 104.42 after reaching the most since October 2008 at 104.64
Global equities advanced on Friday trading session after a report showed that gross domestic product in the country grew at the fastest rate in two years and as the Federal Reserve announced yesterday on the central bank's policy meeting it tapers off its stimulus program by $10 billion. The MSCI all-country gauge added 0.4% to 400.1 points, traded near its
The consumer confidence index in the largest economy of the Eurozone, calculated for January of 2014, inched up to 7.6 points against 7.4 a month ago. On the other hand, economists did not predict any changes of the indicator. Therefore, the value of the index reached its highest level since August 2007. The overall economic expectations among Germans rise already
Retail in sales in Italy slumped for the second month in a row in October of this year, as they lost as much as 0.1% on a monthly basis after a 0.3% decrease in September. Meanwhile, analysts forecasted the indicator either to have to change or to rise 0.1-0.2%. At the same time, on the annual basis retail sales in
The economy of the United Kingdom posted a higher-than-expected growth in the last quarter of the current year, as the economic growth reached as much as 1.9% on the annual basis. It is more than 1.5% that the second estimate showed on November 27. The change happened due to revision in consumer spending data. On the quarterly basis the economy
After the Friday meeting, the Bank of Japan decided to continue stimulating the country's economy, while the inflation rate in Japan may be increased to 2% by 2015. As expected by economists, the BoJ will raise the monetary base by 60-70 trillion yen annually. Moreover, the easing policy led to decrease in the yen's value, which has already lost 17%
The Standard & Poor's rating agency decided to lower the creditworthiness rating of the European Union from the maximum AAA level to AA- amid slow budget negotiations in the EU. Moreover, the rating agency sees the lack of support from some members of the EU. Recently, the S&P has already lowered ratings of various EU member states, including France, Spain
The current account deficit of the United Kingdom surged dramatically in the third quarter of this year, as weak foreign trade and investment pushed the deficit up. It totaled 20.7 billion pounds during the three months till September from 6.2 billion pounds a quarter ago, which equals 5.1% of GDP, the highest ratio since 1989. Analysts predicted the deficit to
The government of Sweden has cut its expectations for economic growth in the country for the current and next year, as exports rebound slower than was initially estimated. At the same time, the government will cut income taxes in order to stimulate growth. The new outlook predicts a 1% economic expansion this year and 2.4% the next year, versus 1.2%