European shares declined for a second consecutive day as investors awaited for the U.S. officials to end nation's government shutdown. The Stoxx Europe 600 Index slid 0.4% to 308 as of 11:58 a.m. London time and the gauge retreated 0.2% on Monday, while S&P 500 Index futures gained 0.1% today.
U.K. shares dropped for a second straight day as investors awaited for the start of the U.S. earning season. The FTSE 100 Index fell 0.4% to 6,414.69 as of 9:38 a.m. London time and it has slipped 3.2% from a September 19. The FTSE All-Share Index decreased 0.3%, while Ireland's ISEQ Index added 0.1% today.
Shares in Switzerland declined and are set for their lowest level in four weeks, as the beginning of the U.S. earning season and the end of the government shutdown was awaited by investors. The Swiss Market Index slipped 0.3% to 7,864.25 as of 11:05 a.m. Zurich time and it has fallen 2% monthly, while the Swiss Performance Index slid 0.3%
Government bond in the Europe's largest economy slipped on Tuesday after a report revealed that the country's exports advanced in the month of August suggesting that the German economy is improving. The benchmark 10-year government bunds gained two basis points to 1.82% as of 7:40 a.m. in London following a climb to 1.85% on October 3.
The Australian Dollar fluctuated on Tuesday holding its largest one-day advance against the Japanese Yen in a week amid persisting deadlock in the U.S. debt ceiling talks as President Barack Obama and Republicans failed to find an agreement. Aussie was at 91.26 Yen at 11:08 a.m. Sydney time after it was fell to 91.18 yesterday, while it added 0.1% to
South Korean currency decreased on Tuesday falling for the second straight session amid speculations that the fall was caused by the previous increase to the highest level in an eight-month period. Won declined 0.2% to 1,073.75 per U.S. Dollar Seoul time following a gain to the strongest level since January 24 at 1,067.07 as the nation's shares advanced.
Copper fluctuated on Tuesday amid unfavourable situation in the U.S., where President Barack Obama and congressional lawmakers failed to agree on the new debt ceiling avoiding the nation's default and as China's demand rose after the nation's holiday. Copper for December delivery was traded at $7,250 a metric ton as of 11:48 a.m. Tokyo time on the London Metal Exchange.
Brent crude traded in London increased on Tuesday trading session before a report showed that stockpiles in the U.S. advanced and as Republicans and President Barack Obama failed to agree on a new debt ceiling avoiding the country's technical default. Brent for settlement in November added 8 cents to $109.77 a barrel on the London's ICE Future Europe exchange and
West Texas Intermediate slightly increased on Tuesday trading session, although it was traded close to its weakest level in almost a week as investors awaited for a report showing that inventories in the U.S. advanced and as deadlock about debt ceiling continued. WTI for delivery in November grew 32 cents to $103.35 on the NYMEX at 3:02 p.m. in Singapore.
U.S. Treasuries' yields advanced on Tuesday as investors sought compensation for risk amid persisted negotiations between the U.S. President Barack Obama and Republicans in Congress about increasing the debt ceiling. The benchmark 10-year yields were traded at 2.63% as of 6:39 a.m. London time, while the rates of $93 billion bills due on October 24 rose 0.18% yesterday.
Asian equities advanced on Tuesday rising for the first time in a three-day period as the local benchmark index was traded near the strongest level in three weeks amid an increase of utilities and developers companies. The MSCI Asia Pacific Index advanced 0.4% to 138.48 at 2:53 p.m. Tokyo time, while the Japan's Topix climbed 0.4% and South Korean Kospi
European shares swung between gains and losses on Tuesday after the benchmark stock index dropped to the weakest level in a month as investors awaited a result from the debt ceiling talks in Washington. The benchmark Stoxx Europe 600 Index slipped 0.2% yesterday hitting the lowest level since September 9, while the Euro Stoxx 50 Index for December settlement fell
Japanese Yen dropped against the majority of its counterparts after rallying to the highest level in an eight-week period against the U.S. Dollar as demand for the currency as haven declined amid a two-day dropped of Asian shares. Yen decreased 0.4% to 97.11 per U.S. Dollar by 7 a.m. London time following an increase to 96.57 recorded earlier, while it
Emerging-market equities advanced to the strongest level in two weeks mainly due to an increase of China's phone companies as ZTE Corp. and China Mobile Ltd. added at least 1.7% and as Indian central bank reduced its liquidity curbs. The MSCI Emerging Markets Index gained 0.4% to 1,008.84 as of 1:46 p.m. Hong Kong time, however, it has lost 4.5%
Gold jumped on Tuesday increasing for the second straight day and reaching the highest level in a week as talks between Republicans and the U.S. President Barack Obama have not bring any progress. Bullion for delivery in October advanced 0.4% to $1,327.96 an ounce and was traded at $1,325.51 as of 12:35 p.m. Singapore time after the prices grew to
Corn traded in Chicago advanced on Monday and it is set to expand for the third successive session. While soybean declined after Informa Economics Inc. cut the soybean harvest forecast by 1.5% to 3.176 billion bushel. Corn for settlement in December gained 0.7% to 4.465 a bushel on the CBOT, whereas November soybeans futures fell 0.2% to $12.93 a bushel.
Wheat increased on Monday raising for the fourth time in last five sessions amid concerns that production in Russian and Ukraine will be reduced by wet weather boosting demand for supplies from the U.S. Wheat for December's settlement advanced by 0.9% to $6.9325 a bushel as of 10:11 a.m. on the CBOT after gaining 0.6% last week.
Industrial production in Denmark declined in the month of August falling by 2.3% on a sequential basis, when the output of non-durable consumer goods slipped 6.1%, a report published by the Statistics Denmark showed on Monday. Danish capital goods production decreased 3.5% in August, while intermediate goods production added 4.4% in July.
Sweden's budget surprisingly came in surplus in the month of September mainly due to SEK 21.6 billion proceeds from share selling in Nordea, while economists originally expected the budget to record a deficit, the National Debt Office reported on Monday. The report showed that the country's budget posted a surplus of SEK 28.3 billion compared to SEK 6.2 billion deficit
Financial services sector in the United Kingdom notably expanded in the quarter ended in September reaching the strongest level in almost seventeen years, a report released by the Confederation of British Industry and PriceWaterhouseCoopers' revealed on Monday. The report showed that the index measuring the overall sector's business conditions recorded 59 in the Q3, more than the previous highest figure
Jefferies Group LLC, a New York based investment firm, recommend investors buying Apple Inc. shares, as Jefferies upgraded the Cupertino-based firm's rating from "hold" to "buy" on Monday. It is expected that Apple iPhone 5C and 5S sales will exceed average forecasts and hit an all time record number. Apple Inc. shares are adding 1.56% to $490.55 at 15:00 GMT
Crude declined on Monday trading session and are set to record the largest fall in three weeks as oil production in Gulf of Mexico fell amid storm Karen and after U.S. lawmakers failed to agree on a new debt ceiling. Brent for delivery in November dropped $1.07 to $108.39 a barrel on the London's ICE Futures Europe exchange and it
Brazilian swap rates declined on Monday after the country's central bank released a survey showing that the inflation outlook for 2014 was lowered adding to a forecast expecting the pace of growth in borrowing costs may slow down. Swap rates due in January 2017 fell three basis points to 11.25% by 11:08 a.m. Sao Paulo time, the weakest level since
French government decided not to introduce in 2014 a new tax on businesses, whose revenues exceed 50 million euro per year, as investors speak about possible capital outflows and decline in investments. On the other hand, the revenues from this tax have already been included in the next year's budget, therefore the government will temporarily raise corporate tax rate for