Crude oil futures for February settlement were down by 4 cents to $93.15 a barrel on New York Mercantile Exchange in Singapore trading session on Tuesday. The price was very close to a yesterday's high, as contract reached $93.19 and was the highest level since 18th of September. Commodity traders wait for a report from the U.S. government on refinery
U.S. shares fell during Monday's trading session after the benchmark Standart and Poor's 500 index climbed to its highest level in five years on Friday as the U.S. budget deal boosted investors optimism and started the best week for Wall street shares in more than a year. S&P 500 futures lost 2.5 points, Dow Jones Industrial average futures dropped 17
Hong Kong equities held near to their 19-month high, as investors stayed to Chinese property and resources sectors. The Hang Seng index slightly decreased 0.01%, or 1.34 points, to 23,329.8, near its Thursday's high. Only three out of nine sectors in the gauge advanced. Among best performers were Henderson Land and China Overseas, that rallied 5.1% and 4.8%, respectively, pacing
U.K. equities tumbled from their highest level in 23 months on raising concerns that the recent rally in stock prices passed over the outlook for corporate earnings. The FTSE 100 index dropped 0.3% to 6,069.79. The decline was mainly prompted by decreasing shares of oil firms. All but two sectors within the benchmark index decreased. Banks, however, advanced as the
German shares dropped on speculation the U.S. budget bill won't diminish the fiscal deficit fast enough to offset profits in creditors after easing the bank regulation. The DAX index erased 0.5% to 7,734.18. However, the benchmark index has advanced 1.6% this year. Two out of nine sectors shrank in the gauge. A nearly 1% drop in technology sector was mainly
U.S. stocks slightly advanced on Friday, sending higher the benchmark S&P 500 index. Performance gap of the shares listed in Standard's & Poor's 500 index is the biggest since January 2012. Companies, such as U.S. Steel Corp and J.C. Penney, are rallying at phone companies and utilities' expense. The S&P 500 gained 0.5% to 1466.47 on January 4. All but
U.S. blue chips included in the Dow Jones Industrial Average index edged higher on Friday. Gains in the index were mostly led by financials and basic materials shares. The benchmark gauge advanced 0.3%, or 43.85 points, to 13,435.21. All but one sector in the index increased. Technology sector posted 0.68% losses, mainly driven by a decline in the Microsoft Corporation's
Japanese stocks dropped,sending lower Nikkei 225 Stock Average after its 22-month high on Friday amid speculation that the market is overbought. The Nikkei 225 dropped 0.8% to 10,599.01. All but two sectors in the index declined. Aozora Bank declined 10% to ¥250 and Shinsei Bank Ltd lost 6%, pacing losses in the financials sector that inched 1.5% lower. Aozora Bank
Hong Kong equities held near to their 19-month high, as investors sticked to Chinese property and resources sectors. The Hang Seng index slightly decreased 0.01%, or 1.34 points, to 23,329.8, near its Thursday's high. Only three out of nine sectors in the gauge advanced. Among best performers were Henderson Land and China Overseas, that rallied 5.1% and 4.8%, respectively, pacing
U.K. equities tumbled from their highest level in 23 months on raising concerns that the recent rally in stock prices passed over the outlook for corporate earnings. The FTSE 100 index dropped 0.3% to 6,069.79. The decline was mainly prompted by decreasing shares of oil firms. All but two sectors within the benchmark index decreased. Banks, however, advanced as the
German shares dropped on speculation the U.S. budget bill won't diminish the fiscal deficit fast enough to offset profits in creditors. The DAX erased 0.5% to 7,734.18. However, the benchmark index has advanced 1.6% this year. Two out of nine sectors shrank in the gauge. A nearly 1% drop in technology sector was mainly driven by Infineon Technologies that lost
The number of car registered in the United Kingdom recorded more than two million units in 2012 reaching the largest volume in four years, the Society of Motor Manufacturers and Traders reported on Monday. Car sales rose 5.3% to 2,044,609 units following a 12.9% rise in private demand, while the market of new cars recorded figure 14.9% below its pre-recession level of
Economic activity of service sector in the world's largest economy accelerated more than economists expected in December reaching its highest figure in ten months, the Institute for Supply Management reported on Friday. The ISM's non-manufacturing sector index rose to December's 56.1 from 54.7 in November, while economists forecast the index to close down at 54.5.
Investor sentiment of the Eurozone improved for a fifth successive month in January after optimism was brought to the market as Greece succeeded to complete its bond buyback plan and as unemployment in Spain declined in December. The Sentix's index tracking the Eurozone sentiment released monthly grew more than expected from December's -16.8 to -7.0 in January.
The Pound was lower by 0.1% to $1.6048 in the beginning of London trading session on Monday. The British Sterling depreciated for a third consecutive session against the Dollar approaching the lowest level in one month period. The currency depreciates even as a Helifax report indicated an unexpected 1.3% increase in U.K. house prices last month. The Pound is lower
The Bank of South Korea might refrain from the key interest rate cut at the first meeting as the President Park Hye was elected. The Won, South Korea's currency, is the best performer among Asian currencies and that threatens for its export. A survey of Bloomberg, summarizing 10 economists' opinion, forecasts that borrowing cost will remain at 2.75% level on
The Yen appreciated by 0.5% to 87.73 versus the Dollar in very early London trading session on Monday. The Japanese currency increased from a 88.41 level, which is the weakest level since July, 2010. The Yen increases mostly due to technical indicators, which showed that the currency was oversold the most in last decade, as the Yen's RSI reached a
The Stoxx Europe 600 Index increased less than 1% to 287.93 in early morning session in London on Monday. The major European stocks' benchmark closed in its highest level since February 2011 on Friday, as U.S. lawmakers solved the fiscal cliff issues at least for a short term. Basel meeting yesterday had a positive impact for the index, as chiefs
The MSCI Asia Pacific Index was lower by 0.3% to 131.56 point in the end of Tokyo trading session on Monday. The benchmark for regional stock indexes retreated for the first time in last five days after it posted a seventh consecutive weekly gain. Analysts say that it is some profit taking point, but the general tendency remains positive, as
U.S. blue chips included in the Dow Jones Industrial Average index edged higher on Friday. Gains in the index were mostly led by financials and basic materials shares. The benchmark gauge advanced 0.3%, or 43.85 points, to 13,435.21. All but one sector in the index increased. Technology sector posted 0.68% losses, mainly driven by a decline in the Microsoft Corporation's
Spot gold price increased by 0.4% to $1,662.50 an ounce in the second part of Singapore trading session on Monday. Investors were positive on precious metals, as they have reached the lowest prices in last four months. Gold rebounds after the worst weekly performance since 2004. Commodity prices were strongly affected by the U.S. Federal Reserves statement, that its bond-buying
Crude oil futures for February settlement were down by 28 cents to $92.81 a barrel on the New York Mercantile Exchange during Singapore trading session on Monday. Market consolidates after last week optimism - oil reached a 2.5% weekly gain, as U.S. employers added 155,000 jobs in December, exceeding estimations and signaling about economic growth in the U.S., the world's
The Australian Dollar, also called Aussie, increased to $1.0469 and appreciated against most of its major developed-market pairs in the end of Sydney trading session on Monday. The market was driven by speculations, that Japan will expand its monetary easing programme in order to boost economy. That would also support a demand for assets related with the global growth. Japan
The Nikkei 225 index lost 0.8% to 10,599.01 points in the end of Tokyo trading session on Monday. The main Japanese stock index lost value with trading volume higher by 11% than the 30-day average, as investment decisions were driven by speculations that current market is overbought. Financial institutions and banks depreciated the most leading a decrease of the index: