The trade surplus in Denmark expanded to its highest level in 43 months in October of the current year, as the positive difference between country's exports and imports reached 9.3 billion kronor versus a 5.8 billion kronor surplus a month ago. Exports climbed as much as 2.6% on higher ships and aircraft shipping to other countries, while imports dropped 2.5%
The economy of Latvia shows better signs of the recovery, as country's GDP advanced 1.3% in the last quarter versus the second quarter, when the economic growth was only 0.1%. Analysts, however, predicted the Latvian economy to show a 1.2% growth. Meanwhile, the economy jumped 4.5% on the annual basis, as it was the second highest GDP increase in the
Economic decline in Cyprus decreased in the previous quarter of this year to 0.8% on a quarterly basis, while in April-June the country's economy slid 1.8%. At the same time, all the indicators matched analysts' forecasts. Moreover, the GDP decreased 5.3% on the annual basis after a 6% drop a quarter ago, better than economists expected. The Cyprus economy is
The U.S. currency increased on Monday rising versus the Japanese Yen before the Federal Reserve top officials speak about the stimulus measures raising speculations that the country's central bank may scale back soon. The Greenback gained 0.1% to 103.05 yen as of 6:52 a.m. London time following a 1.1% advanced recorded on December 6.
The Australian currency weakened on Monday snapping its two-day gain against the U.S. Dollar amid speculation that the country's economic growth may be lagged as the growth in the U.S. rose faster than forecast damping demand for local South Pacific assets. The so-called Aussie dropped 0.2% to 90.84 U.S. cents by 5:53 p.m. Sydney time following a 0.8% gain in
Japanese equities increased for the second straight day on Monday pushing the local benchmark index to its largest gain in a three-week period as the nation's currency weakened versus the U.S. Dollar and as the U.S. economy grew faster than forecast. The Topix Index added 1.6% to 1,255.32 in Tokyo, the biggest advance since November 15.
German government bunds were little changed on Monday pushing the benchmark 10-year yields from the strongest level since October 17 reached last Friday before an industry report showing that industrial production in the country increased in October. 10-year bund yields were at 1.85% by 7:08 a.m. in London, falling from 1.89% touched on December 6.
The British Sterling swung between gains and losses on Monday against the U.S. Dollar and the shared currency before the British central bank Governor Mark Carney's speech at the New York's economic club. The Pound fluctuated at $1.6365 by 7:31 a.m. London time following a jump to the strongest level seen since August 2011 at $1.6443 on December 2, while
The European benchmark Brent crude recorded a modest increase on Monday after hedge funds spurred crude's bullish positions after reports showed that economic growth in the U.S. and China increased. Brent for settlement in January gained 12 cents to $111.73 a barrel on the London's ICE Futures Exchange reaching the WTI-Brent premium of $13.96.
West Texas Intermediate crude increased on Monday traded close to the strongest level in nearly six weeks after an industry report showed that net crude imports in China rebounded last month and as unemployment in the U.S. declined. WTI for delivery in January rose 13 cents to $97.78 a barrel on the NYMEX as of 1:50 p.m. in Singapore.
Japan's overall bank lending increased in November mainly due to an advance of foreign banks' lending rising 8.4% to 2.290 trillion yen, the latest data showed by the Bank of Japan unveiled on Monday. The nation's bank lending was up 2.4% year-on-year in November following a 2.3% gain in the prior month, while bank lending including trust jumped 2.2% on
Japanese current account balance came in deficit in the month of October compared to a surplus preliminary forecast, a report unveiled by the Ministry of Finance reported on Monday. According to the report, the country recorded a 127.9 billion yen current account deficit in October following an October's surplus of 587.3 billion yen.
The performance if the Asia's second largest economy increased in the three month until September recording the fourth successive quarterly growth, a report published by the Cabinet Office revealed on Monday. According to the report, Japan's gross domestic product grew 0.3% in the Q3 compared to a 0.4% advanced originally expected.
Staff demand in the United Kingdom rose at the fastest pace seen since July 1998 mainly due to an increase in private sector, the latest data Reports on Jobs published by Markit Economics and consultancy company KPMG revealed on Monday. According to the reports, the total number of people employed continued to increase in November together with rising salaries of
Exports in China increased in November pushing the country's trade surplus to the strongest level in almost five years rising from $31.1 billion in September to a level of $33.8 billion in the following month, the National Bureau of Statistics reported on Monday. China's exports grew to 12.7% on an annual basis in November from 5.6% in the prior month,
The 17-nation bloc currency advanced on Monday traded near the strongest level in six weeks versus the U.S. Dollar and reached a five-year peak versus the Japanese Yen after a government report showed that U.S. payrolls increased last month. The Euro strengthened from $1.3701 on Friday to $1.3748 earlier on today's session, while it traded at 141.54 yen, the most
Inflation in the world's second largest economy advanced in November, however, the pace of growth was slower than economists originally expected suggesting that the Bank of Japan may continue its aggressive bond-purchasing program. China's year-on-year consumer inflation eased from the highest level in eight months of 3.2% in October to 3% in the following month.
The majority of Asian shares inched higher on Monday after a government data from the world's second largest economy showed that inflation increased in November and as the Japanese Yen declined. The MSCI broadest Asia-Pacific gauge outside Japan advanced 0.5%, the South Korean Kospi gained 1% and Japan's benchmark Nikkei 225 rose 2.3%.
Personal spending continued to increase in the world's largest economy together with a surprising drop of personal income in October, a report published by the Commerce Department showed on Friday. U.S. personal income fell 0.1% in October after recording a 0.5% gain in the previous month, while personal spending advanced to October's 0.3% after rising 0.2% in September.
House prices in the United Kingdom advanced for the tenth successive month in November amid notable increase in demand outpacing supply for properties on sale, a report published by the Lloyds Banking Group's housing division Halifax showed on Friday. The U.K. house prices rose 1.1% on a monthly basis in November compared to a 0.8% gain initially expected.
The manufacturing sector of Ireland posted a significant decrease in production amounts, as the factory output dropped 7.6% in October of the current year on the annual basis, comparing with an 11.5% surge in September. At the same time, the monthly manufacturing output slumped 12.1% from September, when the indicator added 3%. The production turnover, however, added 1.1% in October.
The state budget of Sweden posted a significant increase in the tax income in November of the current year, which resulted in a higher surplus. The positive difference between state revenues and spending rose to 13 billion kronor, exceeding the economists' predictions by 7.2 billion kronor. The total revenues from taxes were 3.5 billion kronor more than analysts initially forecasted.
The Central bank of Germany, Bundesbank, increased its expectations of the growth in Germany for the next two years, mainly due to increase in private consumption. It is now predicted that German economy will grow 0.5% this year, 1.7% in 2014 and 2% a year after that. The previous outlook showed a slight 0.3% advance in 2013 and 1.5% the
The number of employed persons in the United States climbed in November of the current year, as the economy has registered 203,000 new jobs, while economists expected the indicator to add 180,000 after a 200,000 rise in October. At the same time, the jobless rate in the country declined significantly, reaching 7.0% in November versus 7.3% a month earlier, as