U.S. shares retreated, making it the third straight day of declines for Standard & Poor's 500 Index after its previous record, as the economic data are awaited for indications on when the Fed will scale back its stimulus. The S&P 500 slid 0.2% to 1,798.24 as of 9:30 a.m. New York time; however, the gauge has rallied 26% this year,
The producer price index in the Eurozone decreased in October of the current year more than economists forecasted, being that the indicator lost 0.5% on the annual basis. Experts predicted the PPI Index to slump 0.1%-0.2% after a 0.2% advance a month ago. It is said that the only countries of the Eurozone that have registered an increase or no
The British currency appreciated versus the greenback, reaching its highest level in two years, after U.K. construction activity rose at the fastest pace in approximately six years last month. The Sterling gained 0.5% to %1.6429 as of 12:05 p.m. in London after climbing to $1.6443 on Monday, the strongest level in more than two years. The Pound added 0.2% to
Canada's currency reached a three-year low against the U.S. Dollar on bets that Bank of Canada will cut its benchmark landing rate. The Canadian Dollar slid 0.1% to C$1.0652 per U.S. Dollar as of 7:45 a.m. Toronto time, after it fell to C$1.0664 per U.S. Dollar, the weakest in more than two years. The Loonie declined versus most of its
European shares fell for a third consecutive day as investors speculated on U.S. jobs data release this week that might clear the outlook on Fed's monetary policy tapering. The Stoxx Europe 600 Index retreated 0.9% to 321.15 as of 11:30 a.m. London time, making it the longest streak of declines since October 9, after it slipped 0.3% on Monday.
Emerging-market equities declined on Tuesday falling for the second successive day together with dropping currencies as South Korean carmakers sank and as the Federal Reserve monetary stimulus may be curbed by favourable economic data. The MSCI Emerging Market Index tumbled 0.5% to 1,008.04 by 4:08 p.m. Hong Kong time.
Non-manufacturing sector activity in the world's second-largest economy slowed down in November mainly due to decline in new order inflow, China Logistic and Purchasing Federation and the National Bureau of Statistics showed in a report on Tuesday. The non-manufacturing PMI measuring activity in services and construction dropped from a level of 56.3 in October to 56 in November.
Overall wages in the Asia's second-largest economy advanced in October recording their first increase since July, a preliminary report revealed by the Ministry of Health, Labor and Welfare showed on Tuesday. According to the report, Japan's total cash earnings rose 0.1% on an annual basis in October after falling 0.2% in the prior month.
The U.S. currency advanced on Tuesday rising to the highest level in six months against its Japanese counterpart as traders weighed a batch of the U.S. favourable economic data suggesting the Federal Reserve may ease its monetary easing. The Greenback strengthened 0.2% to 103.12 Yen as of 8:18 a.m. in London and it traded at $1.3554 per Euro.
Japanese shares advanced on Tuesday with the local benchmark index Nikkei 225 jumping to the strongest level in nearly six years as the country's currency slipped to a six-month low against the U.S. Dollar after a report showed an improvement in the U.S. manufacturing sector. The Nikkei 225 Stock Average gained 0.6% to 15,749.66, the most since December 12, 2007.
澳大利亚统计局今天公布，第三季度经季调后经常帐为赤字127亿澳元，赤字规模高于上一季度的121亿澳元。澳洲第三季度经季调后经常帐赤字料为116亿澳元。净出口对第三季度国内生产总值(GDP)的贡献可能为正0.7个百分点，此前市场预期为正0.3个百分点。第三季度GDP报告将于周三公布。
The European benchmark Brent crude declined on Tuesday after recording the second month of gains as the OPEC ministers will meet tomorrow maintain a target of 30 million barrels a day amid signs that demand may stay at current levels next year. Brent for delivery in January shed 1% to $111.44 a barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude increased for the third straight session on Tuesday amid expectations that an industry report may show inventories in the U.S., the world's largest oil consumer, fell for the first time in two months. WTI for delivery next month shed 42 cents to $94.24 a barrel on the NYMEX and traded at $94.12 a barrel as of
The Chinese currency took the second spot in a ranking of the most-used global trade currencies in 2013 overtaking a spot of the 17-nation bloc currency and ranked behind the U.S. Dollar, a report published by the Society for Worldwide Interbank Financial Telecommunication showed on Tuesday. According to the report, the Yuan recorded a share of 8.66% of letters of
Chinese equities advanced on Tuesday rising to the strongest level in a month mainly due to an increase of materials and steel companies after a money-market rates drop for a third straight day before the next month's resumption of IPO. The Shanghai Composite Index added 0.9% to 2,227.78 as of 2:36 p.m., while the CSI 300 Index gained 1.2% to
Gold increased on Tuesday rebounding from the lowest level in five months after recording the largest one-day decline since October as traders expect the Federal Reserve to curb its monetary easing amid signs of an economic improvement in the U.S. Bullion for December settlement added 0.4% to $1,224.39 an ounce following a fall to $1,223.60 by 3:02 p.m. Singapore time.
European stocks declined on Tuesday falling for the third straight session before a government data showed that U.S. jobless claims improved suggesting that the Federal Reserve may curb its stimulus soon amid batch of favourable economic data from the country. The Euro Stoxx 50 futures expiring in December lost 0.2% to 3,072 as of 7:13 a.m. London time.
The Japanese central bank is set to craft another round of monetary easing this week totaling about $53 billion in order to spur the economic growth as the country is planning to raise its national tax next April, the largest step to fight the government debt in decades. The Bank of Japan's Governor Shinzo Abe ordered a financial aid package
The Japanese Yen weakened on Tuesday traded close to its lowest level in a six-month period versus the U.S. Dollar and a five-year low against the 17-nation bloc currency and the British Pound as Bank of Japan claimed more stimulus. The Yen dropped 0.2% to 103.10 per U.S. Dollar, it also declined 0.2% to 139.50 per Euro and it reached
Wall Street shares inched lower on Monday as investors stopped buying stocks after eight successive weeks of rallying and as the U.S. mining sector equities dropped together with a notable fall in precious metals. The Dow Jones industrial average shed 0.48% to 16,008.77, the Standard & Poor's slipped 0.27% to 1,800.90 and the Nasdaq Composite Index decreased 0.36% to 4,045.26.
Asian equities declined on Tuesday falling below the 50-day average after batch of favourable economic data suggested that the Federal Reserve may scale back its monetary easing soon and as Japan's Yen slipped on further Bank of Japan's stimulus. The MSCI broadest Asia-Pacific Index outside Japan slid 0.6%, while Yen reached the weakest level in 6-months against the U.S. Dollar
The manufacturing sector in the U.S. continued to expand in November of this year, as the benchmark PMI Index, which shows the level of activity, surged to 57.3 points. At the same time, analysts predicted the index to slump to 55.1 points from 56.4 in October. Currently, the manufacturing sector accounts for 12% of country's economy. Nowadays, this sector shows
The power companies of the U.K. agreed to decrease prices for their services, when the government starts to subsidy some costs that are included in bills. U.K. Prime Minister and Deputy Prime Minister said that the average bill for electricity and heating is expected to decline by 50 pounds per year. Moreover, the country's government wants to ease some green
New car sales in France declined 4.4% in November of the current year, while the previous month had fewer working days than usually. With the usual number of business days, sales would rise 5.7%. The total number of cars sold reached 138,298. At the same time, the French car manufacturers PSA Peugeot Citroen and Renault SA posted an advance in