The Canadian Dollar strengthened from the lowest level in two months after nation's finance ministry stated that its budget surplus will be bigger starting in year 2015. Canada's currency added 0.1% to C$1.0484 per U.S. Dollar as of 8:32 a.m. Toronto time. It reached C$1.0509 on Tuesday, the lowest level since September 5.
The British currency gained for the first day out of last four versus the Euro and the greenback after the Bank of England stated that interest rates might be raised if unemployment reaches a certain level. The Pound rose 0.4% to 84.22 pence per Euro as of 11:37 a.m. in London, after depreciating 0.8% on Tuesday, while it added 0.3%
Gold advanced form the lowest level in a month as its demand increased and that encouraged investors to close their positions on speculation that the Fed might soon start tapering its monetary stimulus programme. The Yellow metal for December deliver added 0.1% to $1,272.90 an ounce as of 7:21 a.m., while gold form immediate delivery rose 0.5% to $1,273.77 in
Non-performing bank loans in China advanced in the three months ended in September from the quarter before, a report published by the China Banking Regulatory Commission unveiled on Wednesday. According to the report, bank loans stood at CNY 563.6 billion in the Q3 after the figure recorded CBY 539.5 billion in the quarter ended in June.
The South Korean unemployment rate stayed unchanged in the month of October matching initial expectations despite more jobs created in the country, a report published by Statistics Korea revealed on Wednesday. The report showed that jobless rate gained from 2.7% in September to 2.8% in the following month, while the 15-29 age group unemployment rate rose from 7.7% to 7.8%
European Union leaders vowed to push down the region's high level of youth unemployment in a horizon of two years, at the same time the aim is to provide more jobs for young people within the EU, Jose Manuel Barroso said during European leaders meeting in Paris on Tuesday. According to Eurostat, youth jobless rate in EU28 stayed at 23.5
The performance of economy in the Organization for Economic Co-operation and Development area is likely to record a stable growth in the coming months, a survey released by the organization showed on Tuesday. According to the report, the OECD's leading economic indicator rose 0.07% on a sequential basis to 100.7 in September, while on an annual basis it advanced 0.97%
Chinese equities declined on Wednesday falling the most in a seven-week period after the yesterday's Communist Party policy meeting provided unclear details about the country's fight against the economic slowdown. The Shanghai Composite Index slipped 1.8% to 2,087.94, the largest fall since September 26 and the Hang Seng China Enterprises Index shed 2.7%.
European stocks tumbled on Wednesday pushing the benchmark index Stoxx Europe 600 lower for the second straight session before a report showed that industrial production in the Eurozone slipped last month and as investors weighed corporate earnings. The Stoxx 600 fell 0.4% to 320.53 as of 8:10 a.m. London time and it has risen for the last five weeks after
The Sterling dropped 0.3% versus the U.S. currency, thus reaching the weakest level in two-months, after the U.K. government reported slower inflation of 2.2%, which is the lowest level in a year. The inflation has retreated 0.5% from previous month, thus almost reaching 2% mark at which the policy makers might increase interest rate.
The Canadian Dollar dropped 0.2% against the greenback, thus reaching the lowest level in more than two-month time, on bets that the Federal Reserve is going to reduce the stimulus measures, which have helped to support world economy. The loonie has tumbled 3.8% in the last six months, thus having the third worst performance among 10 major peers.
The Euro stops its three-day winning streak against the Japanese Yen, before the European Union's statistics office report on factory output and growth. It is forecasted that the factory production in the Eurozone is going to decrease 0.3% and the economy will expand only 0.1% in September, thus adding bets that the European Central Bank is going to carry out
The European benchmark Brent crude advanced on Wednesday trading session amid speculation that tomorrow's report may show inventories increased for the eight straight week after adding 800,000 barrels last week signaling that the oil market is well-supplied. Brent expiring tomorrow rose 24 cents to $106.05 a barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate crude fluctuated on Wednesday traded close to the lowest level in a five-month period before a government report showed that stockpile in the U.S. accelerated to the highest level since June. December WTI futures traded 8 cents higher at $93.12 a barrel on the NYMEX as of 2:07 p.m. in Singapore, while the prices dropped $2.10 to
Natural gas advanced on Wednesday rising for the seventh straight day in New York, the longest streak of gains since January 2011 amid expectations of lower-than-average temperatures in the U.S. boosting the heating fuel demand. Natural gas for settlement in December gained 0.9% to #3.651 per million British thermal units on the NYMEX.
Stocks in Japan declined on Wednesday with the regional benchmark index Topix snapping a two-day gain as builders and shipping companies fall and as investors weighed corporate earnings. The Topix dipped 0.1% to 1,204.19 Tokyo time following an increase of 0.4% earlier on the session, while Nikkei 225 Index decreased 0.2% to 14,567.16.
U.S. Treasuries advanced on Wednesday before the future Federal Reserve Governor Janet Yellen faces a confirmation hearing on Thursday on speculation the central bank may keep the bond-purchases at current level in order to avoid an economic slowdown. The U.S. benchmark 10-year yields dropped two basis points to 2.75% by 6:53 a.m. London time.
The South Korean currency decreased on Wednesday dropping to the weakest level in a month after demand for emerging-market currencies fell as the Federal Reserve representatives signaled that the stimulus may be trimmed as early as December. The Won weakened 0.1% to 1,072.53 per U.S. Dollar in Seoul following a slip to the lowest since October 10 at 1,074.20 earlier
The U.S. currency declined on Wednesday but remained close to the strongest level in two months versus the Japanese Yen amid speculation that the Federal Reserve may trim its monetary bond-purchase program in December. The U.S. Dollar slipped 0.2% to 99.46 Yen following an increase to the highest level in two months on Tuesday at 99.80.
U.S. stocks closed slightly lower on Tuesday trading session as rising government yields started debate over the Federal Reserve bond-buying program and its possible tapering after recent favourable economic data. The Dow Jones Industrial average fell 0.21% to 15,750.67, the Standard & Poor's 500 Index dipped 0.24% to 1,767.69 and the Nasdaq Composite Index added 0.13% to 3,919.92.
Asia shares declined on Wednesday falling to the weakest level in a six-week period after the Federal Reserve officials signaled that the U.S. central bank may scale back its bond-buying program sooner than expected. The broadest MSCI Asia-Pacific index outside Japan fell 1.4% recording its fifth successive drop, when slipped to the least in more than a month.
According to Canadian government's plan, the federal budget will report the first budget surplus in the financial year, which starts in April 2015. The renewed fiscal plan forecasts the surplus to reach $3.7 billion instead of $800 million that was predicted before. The government projects a decrease in both revenues and expenses by 2016. The free money will be spent
Economic growth in Russia slowed to 1.2% in July-September quarter of this year on the annual basis, showing the same pace of increase as a quarter ago. The result matched forecasts of the Ministry of Economy, but fell short of economists' predictions for a 1.4% expansion. Analysts say that the lack of investment into Russian economy started to negatively affect
Starbucks Corp., the biggest coffee-shop chain in the world, will cover $2.76 billion of costs to terminate the contract of with Mondelez International Inc., the intermediate to sale Starbucks' products. The payment consists of $527 million as attorneys' fees and interest, and $2.23 billion as damages. Yesterday, Starbucks Corp. lost 0.46% to $80.61 per share during the trading session in