Soybeans jumped on Monday reaching a two-month peak after a demand for supplies of the world's largest producer of the commodity, U.S., slowed after Friday's USDA report showing that exporters sold soybeans totaling 110,000 tons to China. Soybeans for delivery in January advanced 0.6% to $13.45 on the CBOT, the most since September 19.
China's equities declined on Monday with the small-companies gauge falling by a record as government signaled that it resumes initial public offerings and as data showed that manufacturing in China rose in November. The Shanghai composite Index slipped 0.9% to 3:07 p.m. Tokyo time, whereas the ChiNext shrank 8.1% during the session.
The Australian currency increased on Monday rallying from the weakest level in a three-month period, while the New Zealand's Dollar gained for the second straight session after a report showed that China's PMI rose more than expected in November. The so-called Aussie added 0.5% to 91.54 U.S. cents by 5:22 p.m. Sydney time following a drop to 90.56 on Friday,
The majority of emerging-market equities increased on Monday after Markit economic reports showed that manufacturing activity across the whole Asia increase spurring gains in Indian and Indonesian stocks. The MSCI Emerging Markets Index added 0.1% to 1,018.87 by 2:11 p.m. Hong Kong time with 283 stocks jumping and 236 falling.
Russia's manufacturing sector activity slowed down in November with the indicator showing a contraction in the nation's factory sector, a survey released by the Markit Economics unveiled on Monday. According to the survey, the HSBC/Markit Economics purchasing managers' index declined from 51.8 in October to a level of 49.4 in the following month.
Asia's manufacturing sector activity increased in November as purchasing managers' indicators showing modest increases in nations from China to Indonesia staying above a level of 50, the latest data revealed by the Markit Economics showed on Monday. China's PMI posted 50.8 last month, Indonesia's PMI was at 50.3 and the Vietnamese PMI changed from 51.5 to 50.3 on the month.
Manufacturing activity in the Asia's third largest economy returned to expansion in November mainly due to an increase in production as new orders rose, a data released by the Markit Economics unveiled on Monday. The data showed that India's HSBC purchasing managers' index advanced from a level of 49.6 in October to 51.3 recorded in the following month.
Manufacturing sector in the world's second largest economy maintained its momentum in the month of November, however the pace of growth slightly eased, the latest report published by the HSBC and Markit Economics revealed on Monday. According to the report, the HSBC/Markit China's purchasing managers' index fell from 50.9 in October to 50.8 in the following month.
Asian shares decreased on Monday led by Thai and Japanese stocks after a government report showed that manufacturing sector activity continued to expand with a decent momentum and as traders awaited U.S. data later this week. The broadest MSCI Asia-Pacific gauge outside Japan edged 0.2% lower paring drops after PMI reports.
The performance of India's economy improved in the September quarter rebounding from the lowest level in four years mainly due to an increase in construction and agriculture, a report published by the Central Statistics Office revealed on Friday. According to the report, India's GDP accelerated 4.8% on an annual basis in the Q3 after it added 4.4% in the Q2.
Mortgage approvals in the United Kingdom advanced in October rising to the strongest level in almost six years mainly due to an increase of bank lending and an improvement in the property market, a report published by the Bank of England showed on Friday. The nation's house purchases mortgage approvals gained from September's 66,891 to 67,701 in the following month.
Industrial producer prices in Italy declined in October dropping for the seventh straight month mainly due to a 7.9% fall of energy products and a 1% slid of intermediate goods costs, a report published by the statistical office Istat revealed on Friday. According to the report, the country's producer price index slipped 2.7% in October following a 2.2% decrease in
Spanish government securities advanced on Friday with the benchmark 10-year yields slipping by the most in a two-week period after the rating agency Standard & Poor's improved the nation's debt outlook on signs of recovery. The Spain's 10-year yields dropped 0.03% to 4.13% as of 1:53 p.m. in London, the largest slid since November 14.
U.S. Treasuries dropped on Friday extending the first monthly fall since August amid speculation that the U.S. government report next week may show that jobless claims declined enough to farce the Federal Reserve to trim the stimulus measures. The benchmark 10-year yields advanced two basis points to 2.76% as of 8:55 a.m. in New York.
Asia's equities recorded a slight increase on Friday, however, the benchmark index for Asian shares was set to record its first lost in a month since August after the Australian government didn't accept a bid for of GrainCorp Ltd. takeover by foreign investor. The MSCI Asia Pacific Index added 0.1% to 142.01 as of 9:05 p.m. Hong Kong time.
Gold traded in New York increased on Friday reducing the largest monthly fall since June amid speculation that the Federal Reserve may curb its stimulus program on signs of gold physical purchases. Bullion for delivery in February advanced 1.1% to $1,252.10 as of 7:45 a.m. on the New York's Comex and it dropped 5.4% this month.
The Canadian currency declined on Friday falling to the lowest level versus its most-traded peer, U.S. Dollar, before a government report showed that the gross domestic product of the country eased to 0.2% in September. The so-called Loonie traded at C$1.0581 per U.S. Dollar by 8:08 a.m. Toronto time following a drop to the weakest level since July at C$1.0603.
The British Sterling strengthened on Friday and was poised to record its fourth successive week of gains against the U.S. Dollar after a government report showed that mortgage approvals in the United Kingdome reached six-year high last month. The Pound fluctuated at $1.6343 by 1:15 p.m. in London following an increase to $1.6374, the most since January 2.
Unemployment in the euro-area improved in the month of October with the jobless rate recording the first decline since February 2011, the latest data released by the statistical office Eurostat unveiled on Friday. According to the report, the Eurozone's jobless rate dropped from 12.2% recorded in September to a level of 12.1% in the following month.
Netherland's credit rating was lowered by the rating agency Standard & Poor's mainly due to falling consumer prices, slumping house prices and overall performance of the economy, a report released by the agency revealed on Friday. According to the report, Netherland's rating was cut from AAA to AA+ leaving the triple A (AAA) rating only to Germany, Luxemburg and Finland.
Inflation in the 17-nation bloc currency increased on a higher pace than economists originally expected in November easing a pressure on the European Central Bank to take further steps in order to boost the economy on the next policy meeting. Report published by the statistical office Eurostat showed that inflation in the euro-area accelerated 0.9% in November.
The 17-nation bloc currency strengthened on Friday traded close to the highest level in a five-year period against the Japanese Yen and near one-month peak versus U.S. Dollar after a report showed that inflation in the Eurozone rose 0.9% in November. The Euro added 0.1% to $1.3611 and it advanced also 0.1% to 139.23 Yen following a touch at 139.709,
Wall Street shares inched higher on Friday in an shorten session due to the Thanksgiving holiday as the benchmark indexes continued to advance and were poised to record their third successive month of significant climbs. The Standard & Poor's 500 Index added 4.4 points, the Dow Jones industrial average gained 35 points and the Nasdaq Composite Index jumped 17 points.
Global stocks advanced on Friday with the world equity gauge traded near the highest level in six years poised to record the third successive month of gains amid optimism that global economy is improving as central banks support the growth. The broadest European shares index for seventh straight week as London's FTSE, Paris's CAC 40 and Frankfurt's Dax increased.