European shares rose for a fourth day in a row as the U.S. retail sales and German investor confidence data are awaited. The Stoxx Europe 600 Index appreciated 0.2% to 306.64 as of 8:06 a.m. London time, the strongest level since May 28 and it has gained 9.7% in year 2013 to date, impacted by vehicle and financial-services companies.
The Japanese Yen slipped for the second day as the BoJ posted the meeting minutes which indicated a revised expansion for the economy and the CPI, at the same time Japan's machinery orders dropped less-than-forecast. The Japans currency depreciated 0.51% to ¥97.39 against the greenback and fell 55% to ¥129.57 against the Euro, and declined 0.49% to ¥150.55 against the
The Australian Dollar declined for a second straight day ahead of U.S. retail sales report that may show an advance, fueling speculation that the Fed will soon start to scale back its monetary stimulus. Australia's currency slipped 0.4% to 91.14 U.S. cents at 10:07 a.m. Sydney time, while New Zealand's Dollar depreciated 0.5% to 79.76 U.S. cents.
Gold prices declined from a sharp jump on the previous day, fluctuating near $1,330, while silver plummeted following a 5% rally on Monday. Gold futures advanced 0.02% to $1,334.60 per ounce and silver slipped 0.35% to $21.265 per ounce. Holdings in SPDR Gold Trust remained steady at 911.13 tonnes.
West Texas Intermediate crude oil headed towards a four-day high on expectations the Euro block's economy grew in the second quarter. The September WTI contract increased 0.4% to $106.40 per barrel and the Brent for September delivery declined to $108.13 per barrel, ahead of report this week that may indicate gross domestic product grew 0.2% in the second quarter in
The common currency declined versus the U.S. Dollar, as markets await U.S. report due this week. At the same time investors will watch for any clues from the Fed officials speeches during this week. The 17-nation currency plummeted 0.33% to $1.3296 versus the greenback and slipped 0.15% to 0.8587 versus the Sterling, and advanced 0.20% to 128.59 versus the Japanese
Gold advanced to a one-month high after the greenback's retreat and yellow metal's rise above $1,320 an ounce boosted its demand. Bullion has increased 4.2% from the lowest level in three weeks, when it traded at $1,273.02 an ounce on August 7. The metal for immediate delivery climbed 1.5% to $1,333.94, the highest level since July 31, and traded at
Japan's economy missed the analysts' expectations in the second quarter of the year as the nation's GDP grew an annualized 2.6%, according to the Cabinet Office. For comparison, in the first quarter it rose 3.8% and it was estimated to grow 3.6% in the following three months. The data fueled speculation on whether Japan's economy is stable enough to remain
U.K. shares were little changed, after retreating previous week, as more commodity producers advanced than declined. The FTSE 100 added 0.2% to 6,593.15 as of 8:59 a.m. London time and the equity-benchmark has risen 9.4% since June 24. The FTSE All-Share Index gained 0.2% as well, while Ireland's ISEQ Index climbed 0.4%.
European shares are headed towards the highest level in 10 weeks, namely the benchmark Stoxx Europe 600 Index, after commodities producers increased while utilities declined. The Stoxx 600 inched up about 0.1% to 305.98, while the Standard & Poor's 500 Index futures maturing next month fell 0.3% and the MSCI Asia Pacific Index gained less than 0.1%.
German 10-year government bunds declined ahead of data this week that economists said will indicate the Euro block economy is growing at a faster pace in the second quarter. The 10-year bond yield advanced three basis points to 1.71% and the 1.5% note maturing in May 2023 decreased 0.23 to 98.16. Gross domestic product in the Eurozone jumped 0.2% in
Silver prolonged its four-day jump, rising on positive physical demand and strong report from China, touching the highest level since June 20. Silver futures increased 3.42% to $21.105 per ounce, mainly driven higher by gold, adding to signs silver has plummeted about 30% and the gold retreated almost 25% in 2013.
The Japanese Yen depreciated after a government data that indicated on Japan's economic slowdown in the second quarter of the year, spurring speculation that nation's central bank will have to boost the monetary stimulus measures. The Yen dropped 0.3% to 96.53 per Dollar at 7:58 a.m. in London after reaching 95.81 on August 8, while it fell 0.1% to 128.56
The British currency was little changed versus the greenback and shared currency ahead of the U.K. house prices data in July that are expected to be at the highest level in three years. The Sterling was at $1.5490 by 7:39 a.m. in London after reaching $1.5574 on August 8, the strongest since June 19, while it traded at 86.04 pence
The Dollar Index gained for a second straight day ahead of U.S. retail sales report that is expected to show an advance for fourth month in a row, indicating on that the Fed might start tapering soon. The Dollar Index added 0.1% to 81.238 at 6:45 a.m. London time. The U.S. Dollar climbed 0.3% to 96.51 Japanese Yen, after falling
Canadian stock markets were red after employment data for July missed analysts' forecast. Dorel Industries plummeted 15% after showing lower-than-projected earnings and revealed plans of job cuts. The Standard & Poor's/TSX Composite gauge dropped 0.1%, or 14.88 poijnts, to 12,538.04 as of 9:49 a.m. Toronto time.
Brazilian Real appreciated as the nation's central bank intervened by auctioning foreign-exchange swaps and as China, the largest trading partner of Brazil, showed better-than-expected industrial output. The Real gained 0.3% to 2.2769 per greenback as of 10:30 a.m. Sao Polo time, extending its advance for this week to 0.5%.
U.S. stocks traded lower at opening as major economic reports or news are not expected today, and as investors are worried about the Federal Reserve's asset purchases programme. The S&P 500 gauge declined 0.17% to 1,694.66 at 1:32 p.m. GMT. The Nasdaq Composite decreased by 0.08% to 3,666.10. The only economic news released today will be the wholesale inventories for
The Canadian Dollar fell 0.24% to C$1.0432 against the greenback at 12:36 a..m. GMT as Canada's jobless report showed disappointing results. Employment declined by 394,000 in July, while stayed unchanged in June. Unemployment rate reached 7.2% in July. The nation's employment indicators have been fluctuating in the last few month and the unemployment rate is fairly steady, a bit above
WTI futures gained 1% as China posted its industrial production report which overshot estimates, increasing expectations for higher demand for the oil. WTI futures rallied 1.07% to $104.51 per barrel, with the European benchmark Brent declining 0.68% to $107.41 per barrel. Chinese industrial output climbed 9.7% in July, beating analysts expectations of a 8.9% rise.
Gold declined in London amid bets the Federal Reserve will scale back bond purchases. Gold for immediate settlement retreated 0.3% to $1,309.48 per ounce, while silver plummeted 0.1% to $20.2475 per ounce. Gold ETP holdings slipped 0.1% to 1,946.917 metric tons yesterday, the lowest level since May 2010.
The growth rate of Russia's economy most likely accelerated, while it failed to do so for the last six quarters. According to Bloomberg economist survey, GDP gained 2% in the second quarter from a year earlier. The growth most likely was still mainly driven by household consumption. The official GDP report will be published later today.
U.K. construction industries added output significantly in the second quarter, more than estimated before. The nation's construction sector expanded 1.4%, while it contracted 1.8% in the first quarter. The output lost 0.7% on month-on-month basis between May and June. PMI that measures business activity in the construction sector has been above the contraction mark for three months.
Most shares in Switzerland gained after Chinese trade data topped the estimates. The Swiss Market Index gained 0.2% to 7,967.98 as of 10:49 Zurich time, as two stocks rose for each that slipped. The equity-benchmark is little changed weekly; however, it has advanced 17% this year to date, while the Swiss performance Index added 0.2% today.