West Texas Intermediate crude declined on Tuesday falling from the highest level recorded this month on speculation that inventories in the world's largest consumer, U.S., advanced to the strongest level since June. December WTI futures slipped 34 cents to $94.80 a barrel on the NYMEX while the prices were at $98.84 as of 12:56 p.m. in Sydney.
Emerging-market shares swung between gains and losses on Tuesday as technology stocks advanced for the first time in a seven-day period led by Samsung Electronics Co. and as energy producers and phone companies tumbled. The MSCI Emerging Markets Index fluctuated at 992.77 by 12:50 p.m. Hong Kong time and it has fallen 5.8% this year.
The Japanese Yen declined on Tuesday falling against its U.S. counterpart and the Euro as the gap between the country's 30-year bonds and U.S. bonds with the same maturity widened the most in two years amid favourable data from the U.S. showing economic improvement. The Yen slipped 0.4% to 99.57 per U.S. Dollar and it decreased 0.3% to 133.34 per
The U.S. Dollar advanced on Tuesday rising towards the strongest level in a seven-week period versus the Japanese Yen amid speculation that last week's economic data may push Fed to taper off its stimulus sooner than forecast. The U.S. Dollar strengthened to 99.59 Yen, the most since September 20, while it was last traded 0.4% higher at 99.55.
Stocks traded on Wall Street inched up on Monday pushing the benchmark index Dow Jones towards its new all-time high as investors turned their attention on the Federal Reserve and its possible scale back amid favourable economic data. The Dow Jones Industrial average added 0.14% to 15,783.10, the Standard & Poor's 500 Index gained 0.07% to 1,771.89 and the Nasdaq
Asia's equities declined on Tuesday prolonging its losing streak to four days before a policy meeting of the Chinese Communists Party giving a clue of the next decade's economic agenda of the country. The MSCI broadest Asia-Pacific gauge outside Japan slipped 0.1%, while the Honk Kong's HIS gauge dipped 0.8% after the new banking lending in China hit a 10-month
U.K. shares gained for a second straight day, with the regional benchmark FTSE 100 Index bouncing off from its last week's decline, as investors speculated on Chinese industrial-output data. The FTSE 100 added 0.3% to 6,731.38 as of 3:19 p.m. London time; however, the equity-benchmark dropped 0.4% previous week. The FTSE All-Share Index rose 0.4%, while Ireland's ISEQ Index increased
U.S. shares swung, after longest weekly climb since February, as retailer earnings data were awaited by investors. The Standard & Poor's 500 Index added 0.1% to 1,772.30 as of 10:07 a.m. New York time, while the Dow Jones Industrial Average rose 0.1% to 15,779.89, prolonging its record high. The S&P 500 advanced 0.5% previous week, making it the fifth straight
Canada's Dollar appreciated versus majority of its most-traded counterparts after last week's U.S. and Canada's data that indicated on regions growth. The Canadian currency gained 0.1% to C$1.0470 per U.S. Dollar as of 7:53 a.m. Toronto time. Past week U.S. GDP, Canadian housing starts and employment data in both countries topped economists' forecast.
Industrial production in Italy accelerated for the first time in a three-month period in September with the rate of growth slightly exceeding initial forecast, a report released by the statistical office Istat revealed on Monday. Italy's industrial output gained 0.2% on a sequential basis following a 0.2% drop in the month before, while it was expected to rise 0.1% on
Corn increased on Monday rising towards the strongest level in more than a seven-day period after a government data predict harvest in the U.S., the world's largest exporter and grower, gain less than initially expected. December corn futures jumped 0.9% to $4.3075 a bushel on the CBOT, the most since October 31, while the prices were at $4.29 as of
Gold declined on Monday falling for the third straight session towards the lowest level in three weeks after a government data showed that payrolls in the U.S. advanced more than forecast raising speculations that Fed may reduce its monetary easing. Bullion for delivery in November fell 0.4% to $1,288.28 an ounce and traded at $1,287.03 as of 11:57 a.m. Singapore
German government bunds fluctuated on Monday before this week's report showed that the 17-nation bloc area's economic growth accelerated for the second straight quarter in the Q3. The German benchmark 10-year government bund yielded at 1.75% as of 7:13 a.m. in London after the rates increased to the highest level since October 25 at 1.77% on November 8.
The British Sterling was little changes against its U.S. counterpart and the 17-nation bloc currency before the nation's central bank published a report showing inflation data for the second quarter. The Pound traded at $1.6008 at 7:40 a.m. in London and slipped to 83.54 per Euro following an increase to 83.01 pence on November 13, the most since January 17.
Switzerland's equities gained on Monday rising for the fourth straight session led by Novartis and Transocean Ltd. and as industrial production in the world's second largest economy, China, increased surprisingly last month. The Swiss Market Index advanced 0.4% to 8,271.42 by 9:16 a.m. Zurich time after the benchmark gauge added 0.2% last week on the ECB interest rate cut.
German shares fluctuated on Monday traded close to an all-time high after a government report showed that China's industrial production surprisingly accelerated on the month of October. The benchmark index DAX dropped 0.1% to 9,069.97 as of 9:48 a.m. Frankfurt time after it advanced 0.8% last week as the ECB trimmed its interest rates.
The crude oil prices advanced on Monday after China reported increase in industrial production, and talks between world powers and Iran failed to make a deal on the nuclear programme. The WTI crude oil prices rose 0.08%, while Brent crude advanced 0.43%. The analysts have calculated that the continuing sanctions have removed 1 million barrel from the market in a
The New Zealand's currency surged 0.58% to $0.8286 against the U.S. Dollar, after the New Zealand's second biggest export destination China showed better results in industrial production data, thus adding up to the last weeks gains in export and import levels. Despite the significant gain, the Kiwi is till much weaker compared to last week's level of $0.84.
New car sales in China jumped as much as 24% in October of the current year to 1.61 million cars, as the economy recovery continues. Moreover, the demand for Japanese Toyota and Honda increased 81% and 300%, respectively, due to end of the territorial dispute between two countries. At the same time, analysts expected the car sales in China to
Carlsberg A/S, the largest brewery in Denmark, is planning to acquire two Chinese breweries, which produce the most popular brands of beer in China. Alongside, the Chinese beer market is the biggest in the world, while Carlsberg, worth $15 billion, is the fourth-largest brewery by the output. Today, Carlsberg A/S shares are trading down 1.02% to 582 kronor by 7:10
Crops of rice and sugar were damaged by Typhoon Haiyan cutting through the central area of Philippines raising speculations that rice imports may grow amid shortages and as about 25,000 hectares of sugar are affected in the area. Rice futures dropped 0.6% to $15.60 per 100 pounds traded 6.1% below 19-month high recorded in June, while sugar has fallen 6.6%
Recovery of the Chinese economy has gather momentum with a notable expansion in industrial output and the country's exports offsetting concerns that the ongoing restructuring of economy may slow down the growth, the National Bureau of Statistics showed on Monday. China's industrial production added 10.3% on an annual basis in October after it jumped 10.2% in the month before.
Business situation optimism among small and medium-sized manufacturers in the United Kingdom advanced at the fastest rate since 1988, a survey released by the Confederation of British Industry revealed on Monday. According to the report, new order balance climbed by 17% rising for the first time since July last year driven by domestic and foreign demand.
Brent crude advanced for the second successive session on Monday after the United Nation Security Council, Germany and Iran failed in negotiations over curbs to Iran's nuclear program. Brent for delivery in December increased 63 cents to $105.75 a barrel on the London's ICE Futures Europe exchange and traded at $105.55 as of 12:30 in Singapore.