The Eurozone's gross domestic product recorded a modest increase in the three months ended in September matching initial economists' expectations suggesting that the euro-area is not in a recession anymore. The GDP accelerated 0.1% on a sequential basis in the Q3 following an increase of 0.3% in the quarter before, while it expanded 0.4% year-on-year in the Q3.
Retail sales in the 17-nation bloc area declined for the second successive month in October mainly due to lower non-food sector sales, the statistical office Eurostat showed in a report on Wednesday. The Eurozone's retail sales volume fell on a sequential basis by 0.2% in October after falling 0.6% in the previous month, while the non-food sector retail sales slipped
Spanish government bond rating was affirmed by the Moody's Investors Service with an improvement of its outlook from ‘negative' to ‘stable' on better growth forecast and public finances, the rating agency showed in a report on Wednesday. According to the report, Spain's bond rating remained Baa3, the lowest rating ever since.
Merchandise trade balance in Australia came in deficit in the month of October, what is more, the shortfall exceeded economists' original expectations, a report released by the Australian Bureau of Statistics revealed on Thursday. According to the report, the country's merchandise trade deficit was A$529 million compared to an estimated level of A$350 million.
The Japanese currency declined on Thursday and traded near the weakest level in five years against the euro-area currency and a six-month trough versus the U.S. Dollar before a report showed situation on the U.S. labour market. The Yen dropped to 102.39 per U.S. Dollar following a slide to 103.38 earlier this week, while it traded at 139.06 per Euro,
Wall Street shares edged lower on Wednesday closing lower for the fourth successive session with about 60% of traded stocks on the NYSE falling amid concerns over the Federal Reserve monetary policy and its scale-back. The Standard & Poor's 500 Index declined 0.13% to 1,792.81, the Dow Jones industrial average fell 0.16% to 15,889.77 and the Nasdaq Composite Index added
The majority of Asian shares sank on Thursday led by drops of Japanese shares and as global bond yields were seen rising amid speculation that the Federal Reserve may trim its stimulus measures earlier than expected as the U.S. economy improves. The MSCI broadest Asia-Pacific gauge outside Japan tumbled 0.3%, while Australian benchmark index slid 0.8%.
Deutsche Bank AG, the largest bank in Germany, is one among six European financial institutions that will have to pay penalties to the EU, as they tried to manipulate with Euribor and Libor interbank rates to hidden its real costs of borrowing. DB, in turn, will pay around 725 million euros. Today, Deutsche Bank AG shares are trading down 1.2%
The Central bank of Poland decided to leave the main interest rate on the previous level of 2.5% after the meeting on Wednesday, while such a record-low rate is kept flat already for five months. The results fully matched analysts' expectations. It is predicted the inflation risks in the country to remain insignificant. Moreover, the economic growth in Poland is
Canada's Dollar depreciated to a three-year low as traders speculated on that the nation's central bank will speak on a possible rate cut at the policy announcement; however, it is expected that the Bank of Canada officials will keep the benchmark rate at 1%. The Canadian currency dropped 0.2% to C$1.0665 per U.S. Dollar as of 8:55 a.m. Toronto time,
The employment level in the United States jumped in November on its faster pace since February, as the labor market in country continued to improve. The number of new jobs in the private sector rose 215,000 in the previous month, while analysts forecasted it to increase slightly to 173,000. At the same time, the non-farm payrolls in October were revised
Canadian trade balance unexpectedly posted a surplus in October of this year, as imports declines faster than exports for the second consecutive month. At the same time, it is the first surplus of country's trade balance in 22 months. The positive balance reached $75 million versus a deficit of $303 million a month ago. Exports lost 0.3% on a monthly
The trade balance of the United States registered a positive dynamics in October of the current year, as exports increased to a record high level, while the global demand for American goods jumped. The shortfall decreased to $40.6 billion against $43 billion a month earlier. The result matched economists' predictions. Exports from the country surged 1.8%, while imports added 0.4%.
U.S. stock-index futures declined, after Standard & Poor's 500 Index fell three consecutive days, as investors speculated whether better than expected payrolls data will encourage the Fed to scale back stimulus. S&P 500 futures expiring this month slid 0.3% to 1,785.80 as of 8:19 a.m. New York time, while Dow Jones Industrial Average futures slipped 0.2% to 15,856 today.
The Bloomberg U.S. Dollar Index advanced to the highest level in 11 weeks ahead of today's U.S. data that are expected to show a boost in American companies hiring previous month. The Bloomberg Dollar Index added 0.1% to 1,021.84 as of 7:02 a.m. New York time and it gained versus almost all most-traded peers on bets that monthly payroll data
The British currency declined from near its two-year high versus the greenback after the U.K. service report showed that growth slowed down more than it was forecasted in November. The Sterling dropped 0.2% to $1.6366 as of 11:15 a.m. in London, after reaching $1.6443 on December 2, the strongest in two years. The Pound slid 0.2% to 83.07 pence per
New house sales in the United States climbed in October of this year on its fastest pace in more than 30 years, as the number jumped to 444,000 on the annual basis from 354,000 a month earlier. Analysts, in turn, expected the number of property sales to reach 429,000. Experts say that the buying power of Americans is supported by
The Australian currency declined on Wednesday weakening to the lowest level in three months against the U.S. Dollar after a government report showed that country's GDP expanded at a slower pace than forecast. The so-called Aussie slipped 0.8% to 90.63 U.S. cents by 4:45 p.m. Sydney time, the weakest level since September 4.
Emerging-market stocks fell on Wednesday dropping for the third straight session mainly due to a decline of consumer discretionary companies led by HTC Corp shrinking 3.3% after one of its smartphones was blocked from selling in the U.K. The MSCI Emerging Markets Index decreased 0.3% to 1,000.25 by 1:42 p.m. Hong Kong time, the least since November 14.
The European currency strengthened on Wednesday rising to the highest level in one month before a meeting of the European Central Bank's officials expected to maintain the benchmark interest rates unchanged. The 17-nation bloc currency fluctuated at $1.3578 by 7:09 a.m. London time following an increase to $1.3622 on November 29, the most since October 31.
The European benchmark Brent crude increased on Wednesday after an industry report revealed that crude stockpiles in the world's largest oil consumer, U.S., decreased to 377.8 million barrels in the week ended November 29. Brent for settlement in January gained 40 cents or 0.4% to $113.02 a barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude increased on Wednesday rising for the fourth straight session recording the longest streak of gains since August after TransCanada Corp. revealed its plan to start the Keystone XL pipeline in January and as data showed inventories in the U.S. dropped. WTI for delivery in January slipped $1.35 to a level of $97.39 a barrel on the
Business activity of non-oil private sector in the United Arab Emirates accelerates at the fastest rate all-time in November amid the steepest increase in new orders and new export business, a survey published by the Markit Economics revealed on Wednesday. The UAE purchasing managers' index grew to 58.1 from October's level of 56.3.
Business activity in India's service sector recorded a decline in November contracting for the fifth successive month, the latest data unveiled by the Markit Economics and HSBC showed on Wednesday. According to the report, the service sector business activity index jumped from 47.1 in October to 47.2 in the following month staying below a level of 50.