Farm commodities apart from sugar were bearish on Thursday amid broadly stronger US Dollar and weak risk appetite among investors. Profit-taking and light trade volumes also created heavy selling pressure on the commodity sector. Wheat dived to five-month low on signs of vanishing demand for US supplies. US exports for delivery in 12 months that started June 1, were off
Energy futures, excluding heating oil, moved lower on Thursday as demand for riskier assets weakened amid escalated concerns over US fiscal deadlock. Dismal CB consumer confidence figure and weak data from the US housing market added pressure on the commodity group. However, the downswing was limited due to encouraging profits of Chinese industrial firms in November.Crude oil fell ahead of
The Philippine Peso is poised for the best annual rise since 2007, supported by the fastest economic growth in Southeast Asia and speculation that the country may gain its first investment grade rating. The Peso rose % this year to 41.075 per greenback, according to Tullett Prebon Plc. The currency climbed 0.1% today.
Base metals except for nickel ended Thursday's session in green territory. Positive data from China's industrial sector supported the commodity group. However, the upward trend was limited due to lingering concerns that US lawmakers will not manage to resolve fiscal impasse timely. Moreover, dismal CB consumer confidence reading as well as weaker-than-expected US new home sales weighted on industrial metals.Aluminum
Precious metals apart from platinum climbed on Thursday despite stronger US Dollar. Weak CB consumer confidence figure for December coupled with renewed concerns over US fiscal cliff increased safe-haven appeal of precious metals. However, larger-than-expected drop in the US unemployment claims capped gains of the commodity group.Gold moved higher after Senate Majority Leader Harry Reid said that January 1 may
The Aussie Dollar rose to the highest level in 20 months versus the Yen as data showed a drop in Japanese consumer prices, fanning speculation for more monetary easing by the central bank. The Australian Dollar traded at 89.83 yen, the strongest since April 2011, before touching 89.67 at 4:01 p.m. in Sydney, up 0.4% from the close yesterday.
Canada's Dollar weakened to near one-month low as deadlock on U.S. budget talks raised concern the showdown might drag Canada's biggest trading partner into the recession. The loonie lost 0.9% to 99.52 cents per greenback at 5 p.m. in Toronto, after trading at 99.59, the weakest level since November 28. One Canadian Dollar buys $1.005.
Japan's currency slid to the lowest level in 28 months as data showed a decline in consumer prices and a slump in industrial output fanning speculation for cash injections to end deflation. The Japanese Yen fetched 86.64 per U.S. Dollar, the lowest level since August 3, 2010, trading at 86.46 at 6:45 London time, down 0.4% from the close yesterday.
German equities paired gains reaching their highest level in one week prior to U.S. lawmakers resuming discussions to prevent the so-called "fiscal cliff". In addition, investors are becoming more optimistic about the outlook for the Eurozone, as the ECB is taking measures to rebound the euro-area.The DAX index advanced 0.4% to 7,664.54 by 1:55 p.m. in Frankfurt. The gauge has
U.K. stocks increased to their one-week high as U.S. lawmakers are about to resume the budget talks to avert the so-called "fiscal cliff" that might push the nation into an economic recession. The U.S. President Barack Obama is pushing lawmakers to come to a conclusion. The FTSE 100 index added 0.4%, or 22.54 points, to 5,976.72 by 1:39 p.m. in
Emerging-market equities advanced for the fourth day, prompted by soaring technology shares, as Chinese industrial earnings rallied and U.S. lawmakers are about to resume budget talks. Honk Kong blue chips also advanced sending the Hang Seng index 0.4% up to 22,619.8. All but two sectors in the index edged higher with basic materials, industrials and technology sectors advancing the most
German equities paired gains reaching their highest level in one week prior to U.S. lawmakers resuming discussions to prevent the so- called "fiscal cliff". In addition, investors are becoming more optimistic about the outlook for the Eurozone, as the ECB is taking measures to rebound the euro-area. The DAX index advanced 0.4% to 7,664.54 by 1:55 p.m. in Frankfurt. The
Japanese equities jumped, reaching their highest level since March 10 in the year 2011, the day before earthquake, as the Yen keeps weakening and the new government aims at more monetary easing. Investors are very optimistic about the new government, as Abe intends to change the BOJ's inflation target and push the bank for an aggressive monetary policy. The Nikkei
U.S. blue chips finished sharply lower on Wednesday on mounting concerns over the final version of the U.S. budget deal and slumping retailers, as equity markets were closed for the Christmas Holiday. The Dow Jones Industrial Average fell 0.2%, or 24.49 points to 13,114.59. All but one sector out of nine inched lower with basic materials being the only gainer
U.S. equities extended their losses for the third consecutive day, as retailers shrank after the Christmas holiday pairing with concerns about the final outcome of the nation's budget negotiations. The S&P 500 index dropped 0.5% to 1,419.83 on Wednesday. Nine out of 10 groups in the index inched lower, with basic materials being the only sector surging. Cliffs Natural Resources
U.K. stocks increased to their one-week high as U.S. lawmakers are about to resume the budget talks to avert the so-called "fiscal cliff" that might push the nation into an economic recession. The U.S. President Barack Obama is pushing lawmakers to come to a conclusion. The FTSE 100 index added 0.4%, or 22.54 points, to 5,976.72 by 1:39 p.m. in
Emerging-market equities advanced for the fourth day, prompted by soaring technology shares, as Chinese industrial earnings rallied and U.S. lawmakers are about to resume budget talks. Honk Kong blue chips also advanced sending the Hang Seng index 0.4% up to 22,619.8. All but two sectors in the index edged higher with basic materials, industrials and technology sectors advancing the most
Japanese equities jumped, reaching their highest level since March 10 in the year 2011, the day before earthquake, as the Yen keeps weakening and the new government aims at more monetary easing. Investors are very optimistic about the new government, as Abe intends to change the BOJ's inflation target and push the bank for an aggressive monetary policy. The Nikkei
U.S. blue chips finished sharply lower on Wednesday on mounting concerns over the final version of the U.S. budget deal and slumping retailers, as equity markets were closed for the Christmas Holiday. The Dow Jones Industrial Average fell 0.2%, or 24.49 points to 13,114.59. All but one sector out of nine inched lower with basic materials being the only gainer
U.S. equities extended their losses for the third consecutive day, as retailers shrank after the Christmas holiday pairing with concerns about the final outcome of the nation's budget negotiations. The S&P 500 index dropped 0.5% to 1,419.83 on Wednesday. Nine out of 10 groups in the index inched lower, with basic materials being the only sector surging. Cliffs Natural Resources
Swiss UBS indicator of private consumption fell slightly in November on a smaller number of hotel stays by Swiss nationals and a decline in new car registrations, according to the UBS report. The indicator fell from 1.30 in October to 1.23 in November."The positive trend in the business situation in the retail industry and the continuing high number of new
Profit growth of Chinese industrial firms accelerated in November signing a recovery of domestic economy after a long period of slow growth, the National Bureau of Statistics reported on Thursday. Year-on-year, China's industrial profits climbed 22.8% in November compared to 20.5% advance in the month before, however the country's growth is forecast to slow down to 7.9% this year, its
Government debt of France fell in the Q3 mainly due to lower level of central government debt, the Insee statistical office reported on Thursday. Public debt declined by 13.8 billion Euro compared to the Q2, when it went down from a level of 91% to 89.9% of the country's output, while net debt to GDP added to 81.1% in the
The British currency recorded a little change against the U.S. Dollar before a November's report of bank lending for home purchases in U.K. would be released, when it climbed to $1.6141. Sterling also gained versus Japanese Yen amid speculations the Bank of Japan will try to boost the economy starting its unlimited monetary stimulus program, as the British Pound advanced