Deutsche Bank AG, the largest bank in Germany, is one among six European financial institutions that will have to pay penalties to the EU, as they tried to manipulate with Euribor and Libor interbank rates to hidden its real costs of borrowing. DB, in turn, will pay around 725 million euros. Today, Deutsche Bank AG shares are trading down 1.2%
The Central bank of Poland decided to leave the main interest rate on the previous level of 2.5% after the meeting on Wednesday, while such a record-low rate is kept flat already for five months. The results fully matched analysts' expectations. It is predicted the inflation risks in the country to remain insignificant. Moreover, the economic growth in Poland is
Canada's Dollar depreciated to a three-year low as traders speculated on that the nation's central bank will speak on a possible rate cut at the policy announcement; however, it is expected that the Bank of Canada officials will keep the benchmark rate at 1%. The Canadian currency dropped 0.2% to C$1.0665 per U.S. Dollar as of 8:55 a.m. Toronto time,
The employment level in the United States jumped in November on its faster pace since February, as the labor market in country continued to improve. The number of new jobs in the private sector rose 215,000 in the previous month, while analysts forecasted it to increase slightly to 173,000. At the same time, the non-farm payrolls in October were revised
Canadian trade balance unexpectedly posted a surplus in October of this year, as imports declines faster than exports for the second consecutive month. At the same time, it is the first surplus of country's trade balance in 22 months. The positive balance reached $75 million versus a deficit of $303 million a month ago. Exports lost 0.3% on a monthly
The trade balance of the United States registered a positive dynamics in October of the current year, as exports increased to a record high level, while the global demand for American goods jumped. The shortfall decreased to $40.6 billion against $43 billion a month earlier. The result matched economists' predictions. Exports from the country surged 1.8%, while imports added 0.4%.
U.S. stock-index futures declined, after Standard & Poor's 500 Index fell three consecutive days, as investors speculated whether better than expected payrolls data will encourage the Fed to scale back stimulus. S&P 500 futures expiring this month slid 0.3% to 1,785.80 as of 8:19 a.m. New York time, while Dow Jones Industrial Average futures slipped 0.2% to 15,856 today.
The Bloomberg U.S. Dollar Index advanced to the highest level in 11 weeks ahead of today's U.S. data that are expected to show a boost in American companies hiring previous month. The Bloomberg Dollar Index added 0.1% to 1,021.84 as of 7:02 a.m. New York time and it gained versus almost all most-traded peers on bets that monthly payroll data
The British currency declined from near its two-year high versus the greenback after the U.K. service report showed that growth slowed down more than it was forecasted in November. The Sterling dropped 0.2% to $1.6366 as of 11:15 a.m. in London, after reaching $1.6443 on December 2, the strongest in two years. The Pound slid 0.2% to 83.07 pence per
New house sales in the United States climbed in October of this year on its fastest pace in more than 30 years, as the number jumped to 444,000 on the annual basis from 354,000 a month earlier. Analysts, in turn, expected the number of property sales to reach 429,000. Experts say that the buying power of Americans is supported by
The Australian currency declined on Wednesday weakening to the lowest level in three months against the U.S. Dollar after a government report showed that country's GDP expanded at a slower pace than forecast. The so-called Aussie slipped 0.8% to 90.63 U.S. cents by 4:45 p.m. Sydney time, the weakest level since September 4.
Emerging-market stocks fell on Wednesday dropping for the third straight session mainly due to a decline of consumer discretionary companies led by HTC Corp shrinking 3.3% after one of its smartphones was blocked from selling in the U.K. The MSCI Emerging Markets Index decreased 0.3% to 1,000.25 by 1:42 p.m. Hong Kong time, the least since November 14.
The European currency strengthened on Wednesday rising to the highest level in one month before a meeting of the European Central Bank's officials expected to maintain the benchmark interest rates unchanged. The 17-nation bloc currency fluctuated at $1.3578 by 7:09 a.m. London time following an increase to $1.3622 on November 29, the most since October 31.
The European benchmark Brent crude increased on Wednesday after an industry report revealed that crude stockpiles in the world's largest oil consumer, U.S., decreased to 377.8 million barrels in the week ended November 29. Brent for settlement in January gained 40 cents or 0.4% to $113.02 a barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude increased on Wednesday rising for the fourth straight session recording the longest streak of gains since August after TransCanada Corp. revealed its plan to start the Keystone XL pipeline in January and as data showed inventories in the U.S. dropped. WTI for delivery in January slipped $1.35 to a level of $97.39 a barrel on the
Business activity of non-oil private sector in the United Arab Emirates accelerates at the fastest rate all-time in November amid the steepest increase in new orders and new export business, a survey published by the Markit Economics revealed on Wednesday. The UAE purchasing managers' index grew to 58.1 from October's level of 56.3.
Business activity in India's service sector recorded a decline in November contracting for the fifth successive month, the latest data unveiled by the Markit Economics and HSBC showed on Wednesday. According to the report, the service sector business activity index jumped from 47.1 in October to 47.2 in the following month staying below a level of 50.
Service industry activity in Ireland accelerated in the month of November, however, the pace of growth was slower than initially expected despite the largest increase in new orders, the Investec and Markit Economics showed in a report on Wednesday. Irish service sector purchasing managers' index fell from 60.1 in October to 57.1 in the following month.
Growth forecast of Russian Federation or this year was slashed by the Economy Ministry amid decline in consumer demand and weaker investments, a report released by local news agencies revealed on Tuesday. According to the report, Russia's gross domestic product was set to grow 1.4% in 2013, while it was initially forecast to expand 1.8%.
United Kingdom overall shop prices continued to decline in November recording the seventh successive month of deflation for the country mainly due to a 2.3% deflation of food prices and a 2.0% deflation of non-food prices, the British Retail consortium showed in a report on Wednesday. UK overall deflation recorded 0.3% in November following a 0.5% drop in the prior
The performance of Australian economy increased in the three months to September, however, the pace of growth of lower than economists initially expected, the latest data revealed by the Australian Bureau of Statistics showed on Wednesday. According to the data, the country's GDP rose 0.6% in the Q3 following the same increased in the Q2, while it was forecast to
Service sector in the world's second largest economy expanded at a steady rate in November suggesting that China's economy gathered its momentum as government started reforming, a report published by the HSBC and Markit Economics showed on Wednesday. The HSBC/Markit purchasing managers' index for service industry remained at 52.5 after recording 52.6 in the prior month.
The U.S. currency declined on Wednesday weakening against the Japanese Yen and other Asian currencies before a government report released U.S. labour market data later this week. The so-called Greenback fell to 102.24 Yen after reaching the highest level in six months at 103.38 yen yesterday, while the U.S. Dollar Index decreased 0.4% to 80.627.
Wall Street stocks closed lower on Tuesday with the benchmark indexes Dow Jones and S&P 500 falling for the third straight session from record highs reached in recent sessions amid concerns that shopping season during Thanksgiving holiday was weaker than expected. The Dow Jones industrial average lost 0.59% to 15,914.62 and the Standard & Poor's 500 Index slipped 0.32% to