The central bank of Australia took a decision on Tuesday to maintain its low benchmark interest rate measure, keeping it at fifty-year low of 2.5%, as economy expansion in previous year was slightly below trend and the unemployment rate increased, Australia's Reserve Bank governor Glen Stevens said. Meanwhile the positive signs of this policy might be revealed in September‘s retail
Gold advanced, thus halting its five day loosing streak, before the U.S. reports economic growth and unemployment, which might lead to the Federal Reserve cutting stimulus. Bullion gained 0.3% to $1,318.54 an ounce, while silver added 0.4% and platinum 0.3%. It is expected that gold is going to have first annual fall in 13 years. The gold gains are dependent
Natural gas traded in New York decreased on Tuesday falling for a fourth day after it closed at the weakest level in more than a two-month period on concerns that heating demand may be reduced by moderate weather in November. December natural gas futures slipped 0.5% to $3.427 per million British thermal units on the NYMEX and traded at $3.432
Copper increased on Tuesday recovering from the weakest closing price in nearly a month after a recent government data signaled an improvement of economy in the world's largest user of the metal, China. Copper for immediate delivery advanced 0.5% to 7,182.75 a metric ton on Tuesday trading session after it declined to $7,149 yesterday.
U.S. Treasuries swung between gains and losses on Tuesday rebounding from a rank as the worst-performing bonds actively traded on world markets in last two months as majority of economic data from the U.S. were falling short of forecasts since July. The benchmark 10-year government bonds yielded at 2.60% at 2:28 p.m. Tokyo time.
China's equities advanced on Tuesday mainly due to an increase of agricultural companies after the local government claimed it will introduce reforms to spur the industry at the Communist Party meeting this month. The Shanghai Composite Index gained 0.2% to 2,153.92 as of 2:12 p.m. local time, while it has dropped 5% this year, and the CSI 300 Index traded
West Texas Intermediate crude fluctuated on Tuesday traded close to the lowest level in more than a four-month period amid concerns that stockpiles in the world's largest consumer, U.S., increased for the seventh straight week. WTI for settlement in December added 8 cents to $94.70 a barrel on the NYMEX as of 2:30 p.m. in Singapore, after it reached the
The Bank of England is expected to increase its benchmark interest rates in the second half of 2015 before the nation's unemployment reaches a level of 7%, which is forecast to happen in early 2016, a report published by the National Institute of Economics and Social Research. Britain's central bank has maintained its rate at historic low 0.5% since 2009.
Retail sales in the United Kingdom increased in September rising at a faster rate than in the previous month, however, clothing sales declined on mild weather in the area, a report released by the British Retail Consortium showed on Tuesday. According to the report, the country's retail sales advanced 2.6% on an annual basis in October after gaining 2.4% in
Stocks on Wall Street inched up on Monday trading session as the trading volume stayed low signaling that investors waited for a payroll report due Friday and as S&P 500 Index traded just below its all-time closing high. The Dow Jones Industrial average climbed 0.15% to 15,639.12, the S&P 500 index rose 0.36% to 1,767.12 and the Nasdaq Composite index
The Aussie depreciated against its all 16 major peers, after RBA Governor Glenn Stevens announced, that the Australian Dollar is "uncomfortably high". The Australia's currency slid 0.4% versus the U.S. Dollar, after it strengthened 0.8% yesterday. The Aussie tumbled 0.6% against the Japanese Yen, having the largest drop among other counterparts. The Australian Dollar has advanced 4.7% in last three
Factory orders in the United States added 1.7% in September of this year, while the orders for new aircraft surged and helped the overall indicator to increase. At the same time, plant orders excluding aircraft decline as much as 1.3%, showing the overall weakness amid U.S. government recent budget crisis. Moreover, the August factory orders showed a 0.1% decline, despite
New cars' registrations in Europe continued to increase for the second consecutive month in October. German car sales added 2.3%, as VW climbed 1.9% and Opel jumped 12.1%. French consumers bought 2.6% more cars with domestic PSA Peugeot Citroen increasing sales by 4.1%. Spanish car market, in turn, surged as much as 34.3% in October amid state support program for
According to the latest data, Italian manufacturing continued to expand in October of this year, while the benchmark PMI index, which shows either rise or decline in activity, decreased to 50.7 points. In September the index stood at 50.8 points and economists predicted it to advance to 51 points. Moreover, analysts point on the political instability in Italy that prevents
According to the economists' forecasts, the economic growth in the United States slowed to 2% in July-September of this year from 2.5% a quarter ago. Analysts explain such a decline by the government Shutdown, when some companies decided to cut jobs, increasing the unemployment level. Moreover, the payrolls' advance dropped to 125,000 in October from 148,000 in September.
British construction industry surprisingly increased the pace of growth to its largest level since 2007. The benchmark PMI Index, which measures the level of activity in this particular sector of the U.K. economy, surged to 59.4 points in October from 58.9 points in September, while analysts predicted the index to decline. Alongside, the reading above 50 points indicates the rise
According to the new outlook of the U.K. Confederation of Industry, the country's economy will advance 1.4% in 2013, while the next year economic expansion will reach as much as 2.4%. The outlook was raised from 1.2% and 2.3%, respectively. Economists say that economy in Britain will grow faster than in continental Europe, as all the main industries will show
HSBC Holdings Plc, the largest bank in Europe by value, reported its earnings for the third quarter of this year, as the profit jumped 30% to $4.53 billion from $3.48 billion a year earlier on costs' cuts. At the same time, economists predicted the profit amount to reach $5.54 billion. Today, HSBC Holdings Plc shares are adding 3.27% to 709.80
European stocks reported gains as investors are waiting for Purchasing Managers' Index reports from Germany, France, the UK and the whole Eurozone. The French CAC 40 advanced 0.19% while the Euro Stoxx 50 jumped 0.25% and Germay's Dax gained and 0.28%.The largest climb was for the UK's FTSE, which surged 0.41%. For the most Euro-area countries PMI reports are expected
Euro Stoxx 50 Index futures jumped 0.4%, after a four-week climb of the Stoxx Europe 600 Index. Today the Stoxx 600 Index continues to advance as it surged 0.4%, after Dufry AG rallied 2.1% on report of gains in revenue. PostNL NV climbed 4.8%, while the European largest discount airlines Ryanair dropped 7.5%, after reducing profit forecasts. Last week Stoxx
Service sector in the world's second largest economy increased in October at a faster pace than in the month before, the latest date revealed by the National Bureau of Statistics showed on Monday. According to the report, the service sector purchasing managers' index rose from 55.4 in September to 56.3 recorded in October, while in August the figure was 53.9.
Spain's sovereign credit rating was upgraded from ‘negative' to ‘stable' by the rating agency Fitch Ratings stating that the government has made a notable progress in fiscal policy and the bank sector reforms were efficient. Fitch's rating of the nation's long-term debt and senior unsecured bond stayed at ‘BBB', while short-term foreign currency IDR is ‘F2' and country ceiling at
The Reserve Bank of Australia is forecast to keep its benchmark interest rates unchanged at a historic low 2.50% for the third successive time on Tuesday's policy meeting amid positive momentum of the country's economy presented by most reports. The Australian central bank has cut its cash rate by a cumulative 2.25% since November 2011.
U.S. Treasuries increased on Monday with the benchmark 10-year yields snapping a three day series of gains before a speech held by two Federal Reserve voting members as investors expect the central bank tapper off its stimulus program. The U.S. 10-year government yields slipped one basis point to 2.61% by 7:19 a.m. London time after the prices gained 12 basis