Indian equities declined for the second straight day on Wednesday pushing the regional stock index down led by lenders and industrial companies mid speculation that the Reserve Bank of India may raise its repurchase rate from 7.75% to 8.5% next year. The S&P BSE Sensex Index fell 0.6% to 21,138.39 as of 11:35 a.m. Mumbai time and it reached the
West Teas Intermediate crude increased on Wednesday traded close to its highest level in more than a month after a government report showed that inventories in the world's largest consumer of the oil, U.S., dropped for the second successive week. WTI for delivery next month fell 2 cents and it traded at $98.49 on the NYMEX as of 2:30 p.m.
Japan's equities declined on Wednesday with the regional benchmark index Topix snapping its thee-day losing streak after the Japanese currency dropped for the second straight session pushing exporters lower. The Topix fell 0.5% and closed at 1,250.45 in Tokyo, while the Nikkei 225 tumbled 0.6% traded at 15,515.06.
Unemployment rate in South Korea declined in November with the jobless rate among youth between the age of 15-29 increasing by 7.5% following a 6.7% advance in November 2012, the Statistics Korea showed in a report on Wednesday. South Korean jobless rate fell 2.9% in November after recording a 0.3% slid in the previous month.
Non-agricultural sector employment in France declined in the September quarter, however, the pace was weaker than in the quarter before suggesting a slight improvement in the sector, the statistical office Insee unveiled on Wednesday. Employment in France's non-farm sector fell 0.1% in the Q3 following the Q2 drop of 0.2% in employment.
Wholesale inventories in the world's largest economy advanced more than economists initially expected in October mainly due to a notable advance of non-durable goods inventories that rose 3%, the Commerce Department reported on Tuesday. According to the report, the U.S. wholesale inventories climbed 1.4% in October after jumping 0.5% in prior month.
The economic performance of the United Kingdom improved in 3 months to November as the country's output gap is narrowing, a report released by the National Institute of Economics and Social Research revealed on Wednesday. According to the report, the U.K. gross domestic product accelerated 0.8% in the three months until November following a 0.7% growth in the period before.
The U.S. Dollar slipped on Wednesday falling against the majority of its most-traded peers as the currency index dropped to the lowest level in six weeks amid concern that the U.S. Federal Reserve may need more positive data in order to trim its monetary easing. The U.S. Dollar index traded at 79.98 earlier today after hitting the lowest level in
U.S. shares closed lower on Tuesday after the benchmark index Standard & Poor's 500 recorded its record high on yesterday's session and as investors awaited an outcome of the next week's policy meeting of the U.S. Federal Reserve resulting in a possible scale-back of bond purchasing. The Dow Jones industrial average slipped 0.33% to 15,973.13, the S&P 500 Index fell
The majority of Asian shares edged lower on Wednesday with the local benchmark gauge falling together with Shanghai index as traders took their profits after previous gains on weaker U.S. currency dropping amid speculation of stimulus scale back. The broadest Asia-Pacific Index outside Japan slipped 0.7% and the Shanghai Composite Index fell 1.1%.
European shares dropped, snapping two-day winning streak, after China's industrial report missed the forecasts. The Stoxx Europe 600 Index slid 0.3% to 316.08 as of 1:16 p.m. in London; however, the equity-benchmark has jumped 13% this year. Standard & Poor's 500 Index futures slipped 0.1%, while the MSCI Asia Pacific Index was little changed today.
U.S. stock-index futures declined, after the benchmark Standard & Poor's 500 Index gained to a record high, as budget talks were watched by investors. S&P 500 futures expiring this month slid 0.3% to 1,803.70 as of 8:52 a.m. New York time, while Dow Jones Industrial Average futures fell 0.3% to 15,975. The S&P 500 climbed 0.2% on Monday reaching a
The Australian currency declined on Tuesday falling against the U.S. Dollar and traded near the lowest level in five years versus its New Zealand's counterpart on speculation that the Australian Reserve Bank may require further stimulus. The so-called Aussie slipped 0.2% to 90.91 U.S. cents by 11:13 a.m. Sydney time, it slid 0.2% to 93.88 yen and traded at NZ$1.0980.
The South Korean currency advanced on Tuesday jumping to the strongest level in two years after a government report showed that the South Korean largest trading partner, China, increased exports suggesting that the local economy is improving. The Won fluctuated at 1,052.62 per U.S. Dollar by 10:23 a.m. Seoul time following a touch at the most since August 2011 at
The British Sterling increased on Tuesday jumping to the strongest level in two years against the U.S. Dollar after a government report showed that house prices in the United Kingdom advanced to the highest figure in more than 10 years last month. The Pound strengthened 0.1% to $1.6453 as of 7:41 a.m. in London following a jump to $1.6466, the
The Canadian currency weakened on Tuesday falling towards the lowest level in three years on speculation that the Federal Reserve may tapper off its monetary easing next week on the central bank's policy meeting. The so-called Loonie declined 0.3% and added 0.1% to C$1.0627 per Greenback as of 5 p.m. Toronto time.
Predictions of economists for the U.S. government bond yields at the end of next year are the strongest since July amid speculations that the U.S. Federal Reserve may begin tapering off its bond-purchasing program on the next week's policy meeting. Yields of government securities may climb to 3.41%, the Bloomberg survey showed today.
The European benchmark Brent crude advanced on Tuesday rising for the second successive month in November after output in Libya, the African largest oil holder, was curbed by unfavourable weather in the region. Brent for delivery next month gained 47 cents to $109.86 a barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude advanced on Tuesday before an industry report showed that inventories in the world's largest consumer of the oil, U.S., dropped for the second straight week. WTI for delivery in January increased 36 cents to $97.70 a barrel on the NYMEX and traded at $97.66 as of 1:13 p.m. in Singapore, while it dropped 31 cents on
Chinese stocks swung between gains and losses after the People's Bank of China raised its rate on the local currency against the U.S. Dollar and after an industry report showed that factory output in the country advanced 10% in November. The Shanghai Composite index added 0.1%, the Hang Seng index fell 0.2% and the Hang Seng China Enterprises Index slipped
Canada's equities increased on Tuesday rising for the second straight session and recording the largest two-day advance in a month as commodity producers climbed on rising copper and gold prices. The Standard & Poor's/TSX Composite Index increased 32.06 points to 13,312.78 as of 4 p.m. Toronto time and it gained 0.9% in the last two days.
Gold swung between gains and losses on Tuesday amid speculation that the U.S. Federal Reserve may scale back its aggressive monetary easing on the next policy meeting on December 17 and 18 on signs of economic improvement. Bullion for December delivery advanced 0.2% at $1,242.55 an ounce as of 12:20 Singapore time.
Business sentiment in the Asia's second largest economy declined in the last three months of 2013 as the performance of Japan's economy weakened notably in the previous quarter, a survey published by the Ministry of Finance and the Cabinet Office revealed on Tuesday. The large-company sentiment index slipped from 12 points to 8.3 points in the Q3 and it is
The euro-area currency advanced on Tuesday reaching the strongest level in five years against the Japanese Yen and a six-week high versus the U.S. Dollar after the last week's ECB policy meeting signaled no more stimulus by the area's central bank. The Euro was seen at 141.95 yen following an increase to 142.085, the most since October 2008, and it