Japanese equities extended their gains for a third consecutive day after the Japanese government announced a stimulus package of 3.8 trillion yen to recover the nation's economy from recession and 3.1 trillion yen ti boost up investment. In addition, exporters advanced on weakening Yen. The Nikkei 225 rose 1.4% to 10,801.57, gaining 1.1% throughout the week. Sharp Corporation rallied the
German shares slightly decreased, as ThyssenKrupp AG and RWE AG declined and offset hopes for Japanese monetary stimulus launch to accelerate the pace of growth for economic recovery in Germany. The DAX index eased 0.1% to 7,699.95 by 17:00 p.m. in Frankfurt. Five out nine groups in the index edged lower. Commerzbank shares erased 4%, the most in three weeks,
U.K. shares were little changed, sending the FTSE 100 index for its weekly advance, after Japan's government called for more monetary stimulus. The FTSE 100 index gained 0.1%, or 8.34 points, to 6,109.85. All but two sectors in the benchmark index inched higher. International Consolidated Airlines rallied the most in the gauge by 4.9% after UBS AG upgraded its recommendation
The Hong Kong blue chips retreated after data showed inflation was higher-than-expected in December, raising hopes for more monetary stimulus to heal the nation's economy. The Hang Seng index slid 0.4% to 23,264.07, showing a weekly drop of 0.3%. All but one sector in the gauge edged lower. Basic materials posted biggest losses and were 3.30% down. A decline in
Japanese equities extended their gains for a third consecutive day after the BOJ announced a stimulus package of 3.8 trillion yen to recover the nation's economy from recession and 3.1 trillion yen to boost up investment. In addition, exporters advanced on weakening Yen.The Nikkei 225 rose 1.4% to 10,801.57, gaining 1.1% throughout the week. Sharp Corporation rallied the most by
Industrial output of the British economy rose below economists expectation by 0.3% in November, despite growing gas and oil extraction on the largest British North Sea field, which underline the fact the U.K. economy contracted in the Q4. Manufacturing production decreased 0.3% in the same month compared to prior expectation of 0.5% gain, following a 1.3% fall recorded in October. "It's a disappointing set of data. We
U.K. stocks remained almost unchanged after an unexpected drop in manufacturing output offset a package of monetary easing from Japan's government. The FTSE 100 declined 5.92 points, or 0.1%, to 6,095.59, while the FTSE All-Share Index remained unchanged and Ireland's ISEQ Index soared 0.3%.
China's stocks plunged the most among Asian markets as a report indicating inflation increased more than prediction, limiting room for stimulus measures to support the recovery of economy. The Shanghai Composite Index fell 1.8% to 2,243, while the CSI 300 Index lost 1.9% to 2,483.23 and the Hang Seng China Enterprises Index soared 0.8%.
Asian stocks plummeted on overheating signs after China's inflation accelerated. Japanese shares surged as the Cabinet approved monetary-easing measures. The MSCI Asia Pacific Excluding Japan Index dropped 0.3% to 476.07, while China's Shanghai Composite Index fell 1.8%; Hong Kong's Hang Seng Index declined 0.4% and Australia's S&P/ASX 200 Index soared 0.3%. Whereas South Korea's Kospi Index lost 0.5% as its
Asian currencies reached a third weekly gain after a rebound in China's exports and Japan's 10.3 trillion Yen ($116 billion) spending package strengthen the outlook for a recovery of global economy. India's Rupee gained 1.4% to 54.5775 per greenback; Malaysia's Ringgit advanced 1.1% to 3.0195, while Thailand's Baht increased 0.9% to 30.25 and South Korea's Won rose 0.7% to 1,056.73.
The Pound Sterling debased versus the greenback and shared currency as a report indicated the U.K. manufacturing production dropped in November. The Pound fell 0.2% to $1.6129, while it weakened to 82.30 pence per Euro, down 0.3%. U.K. government bonds surged, with the 10-year yield declining one basis point to 2.08%.
Oil reached its fifth weekly gain after Saudi Arabia decreased production and investors speculated the recovery of global economy would increase fuel demand. WTI oil for February settlement dropped 2 cents reaching $93.80 a barrel, while futures climbed to $93.82, up 72 cents, the strongest since September. Meanwhile, Brent for February delivery fell to $111.65 a barrel.
The Australian Dollar, also called the Aussie, was lower by 0.1% to $1.0584 in the end of Sydney trading session on Friday. The Aussie weakened, as the currency has reached the highest level in four months recently, thus technical indicators implied an overbought situation and too rapid appreciation. Weakening economic situation and increasing unemployment in Australia force the RBA to
The Yen was trading by 0.3% lower at 89.09 per greenback in Tokyo trading session on Friday. The Japanese currency has reached a 89.35 level, which is the weakest since the 29th of June, 2010. The Yen sharply depreciates on expectations to experience monetary stimulus for the domestic economy from the BoJ and Prime Minister Abe's cooperation. The Yen slipped,
U.S. blue chips advanced on Chinese exports data that beat the analysts' estimates. The Dow Jones Industrial Average advanced 0.6%, or 80.71 points, to 13,471.22. All but one sector edged higher with financials showing the biggest increase, up 1.1%. Bank of America advanced the most in the gauge by 3.1% to $11.78. The American bank is currently trying to settle
U.S. shares rallied to their highest in five years, as Chinese exports rose more-than-expected. The S&P 500 gained 0.8% to 1,472.12, the highest level since the year 2007. All sectors in the gauge edged higher with financial shares posting the biggest gain sin the gauge. Bank of America and Morgan Stanley added around 3%. Tesoro Corporation was the best performing
Farm commodities, excluding wheat, jumped on Thursday, tracking gains of other risk assets after stronger-than-expected Chinese trade data. Farm commodities also found support on soft greenback. Meanwhile, investors continued to await closely-watched USDA global supply report due on Friday. Wheat was the only loser on speculation that the USDA may announce that winter seeding soared to a nine-year high between
Energy futures except for heating oil were bullish on Thursday amid improved outlook on energy demand after the data indicated larger-than-expected trade surplus in China last month. Soft greenback also spurred the rally. However, weak US labour market data erased some gains of energy futures. Crude oil reached a four-month high after a release of the robust Chinese trade figures.
Base metals apart from nickel moved higher, being supported by broadly weaker US Dollar. Moreover, demand for riskier assets improved after upbeat China's trade numbers. A surge in exports of 14.1% year on year helped China's trade surplus to widen in December. However, weak US data capped industrial metals' gains.Aluminum was the top-performer amid weak US Dollar and encouraging Chinese
Precious metals rallied on Thursday as the US Dollar came under notable pressure after the ECB President Mario Draghi stated that the ECB decided to leave the interest rates unchanged. Weak US data also boosted the commodity group. Moreover, bright physical demand perspectives provided further support for precious metals.Gold advanced as the ECB decision to leave its monetary policy unchanged
The number of jobless claims in U.S. increased unexpectedly in the first week of January despite positive condition of the market in general, the Labor Department reported on Thursday. Unemployment insurance claims grew to a seasonally adjusted 371,000 from the previous week's 367,000, but the increase was caused mainly by reading distortion of winter holidays for the second week."Claims are
Policy makers of the U.K. central bank kept the official interest rate at its lowest level as the monetary easing program showed success accelerating the demand in the Q4. The Monetary Policy Committee led by Governor Mervyn King decided to remain the key interest rate at 0.5% with the possibility of another easing program. The ECB is keeping the benchmark
Rubber futures for July settlement were higher by 2.8% to 316.7 yen per kilogram or $3,597 per metric ton on the Tokyo Commodity Exchange during Asian trading session on Thursday. Rubber futures increased to the highest level in eight months, as the Yen slipped to more than two-year low and China announced better than expected exports data.
The Swedish consumer prices index slipped by 0.1% on annul basis in December, as Statistics Sweden announced on Thursday. The consumer prices index was lower for a second consecutive month, but the decrease rate was lower than a 0.2% fall as economists predicted. Monthly calculated price index was higher by 0.3% in December, following a 0.2% decrease in November. Core