The Australian currency was headed for its biggest one-week decline against the U.S. Dollar in more than one and a half year after the Fed's Bernanke stated that the officials could end the stimulus programme next year. The Aussie advanced 0.3% to 92.24 U.S. cents at 5:31 p.m. Sydney time from Thursday, when it touched 91.97, while the Kiwi appreciated 0.2% to 77.71 U.S. cents
Germany's government bunds declined for the second day, pushed towards largest weekly drop in five years, after concerns that officials around the world will cut stimulus. German 10-year bond yield advanced two basis points to 1.68% and touched 1.70%. The price of the 1.5% bond maturing in May 2023 slipped 0.165 to 98.345.
Treasury 10-year security yields are headed towards their largest weekly gain in two years while rates in Australia and New Zealand jumped the most since 2009 amid outlook the Federal Reserve will begin to scale back asset purchases. The 10-year Treasury note yield gained 29 basis points to 2.42% and the price of the 1.75% bond maturing in May 2023
U.K. government gilts declined for the second day, sending 10-year bond yields to a 15-month high, after bets the Federal Reserve will taper asset purchases. The benchmark 10-year bond yield advanced two basis points to 2.31%. The 1.75% gilt maturing in September 2022 declined 0.16 to 95.35. Investors in U.K. bonds have suffered a loss of 2.9% this year.
European shares rose, with the benchmark Stoxx Europe 600 Index surging after Thursday falling the most in approximately one and a half year. The Stoxx 600 advanced 0.3% to 284.49 as of 8:05 a.m. London time after the gauge fell day earlier on worries that the Fed could start tapering stimulus at the end of this year. Standard & Poor's
According to the official data, the manufacturing index of Philadelphia's Fed surged to 12.5 points in June. The indicator reached its highest value since April 2011. In May the index was negative with -5.2 points. Analysts predicted the manufacturing activity to increase to -1 point, but still to be negative. The positive indicator shows an advance in manufacturing activity of
Hong Kong shares reversed retreat after China's benchmark money-market rates declined form record highs, calming worry about China's credit crunch. The Hang Seng Index slipped 0.3% to 20,323.20 at 2:41 p.m. Hong Kong time after reversing a 2% loss; moreover, it is headed for 3.1% decline weekly, making it the sixth straight week of retreats.
Asian shares outside Japan declined, with a equity-benchmark set for the lowest close in almost 10 months, on worries the Fed will scale back the bond-buying programme and China's economic crunch. The MSCI Asia Pacific Excluding Japan Index fell 0.6% to 421.05 at 3:23 p.m. Tokyo time, reversing losses of 1.4%, while China's Shanghai Composite Index slid 0.1%.
Japan's shares climbed after overseas sellers recovered as the Japanese Yen depreciated. Stocks plummeted earlier after regional gauges declined following Ben Bernanke's comments on reducing purchases. The Topix index advanced 0.7% to 1,099.40, after declining 2.9%. The gauge jumped 4.1% this week and the Nikkei 225 Stock Average inched up 1.7% to 13,230.13.
The British currency was little changed versus the greenback and the 17-nation currency ahead of a report that will show a fall in Britain's budget deficit in May compared to last year, according to economists. The Sterling was at $1.5515 as of 7:29 a.m. in London after touching $1.5415 on Thursday, the weakest since June 6, while the currency traded
The U.S. Dollar headed towards a weekly rise against all its major counterparts ahead of U.S. report due next week on home prices and durable-goods orders that could signal that the Federal Reserve may taper its stimulus. The U.S. currency appreciated 0.5% to 97.80 versus the Yen. The Euro block's currency gained 0.1% to $1.3236.
Copper declined to the lowest level in seven weeks as industrial metals plummeted after the Federal Reserve Chairman Ben Bernanke said that the Fed may start to slow down stimulus. Copper for three month settlement retreated 1% to $6,888.25 per metric ton, and today was at $6,902. The September metal contracts fell 0.9% to $3.1225 a Pound.
Gold retreated under $1,300 per ounce to a 2 1/2 year low, prolonging April's decline into the bear market, as the Federal Reserve Chairman Ben Bernanke said bond purchases may be eased later this year as the U.S. economy is showing more signs of improvement. The August Bullion contracts dropped 6.5% to $1,285, the lowest in over two and a
The South Korean currency plummeted to the weakest level in 11 months and the five-year government security yield climbed to the highest level since July 2012 as the Federal Reserve announced it may start to slow its bond purchases soon. The South Korean Won declined 1.3% to 1,145.63 against the U.S. Dollar.
Shares in Switzerland declined the most in seven days after the Fed's Bernanke stated that the U.S. policy makers could start tapering the bond-buying programme at the end of this year if the U.S. economy grows. The Swiss Market Index slipped 1.5% to 7,615.48 as of 10:17 a.m. Zurich time; moreover, the equity benchmark is headed for its fifth one-week
China's shares declined to 6-month low after money-market rates jumped to a record high and the country's manufacturing dropped faster than in the previous months, according to a private report. The Shanghai Composite Index slipped 2.8% to 2,084.02 at the close and the CSI 300 Index slid 3.3% to 2,321.47, while the Hang Seng China Enterprises Index fell 3.2%.
Treasuries dropped for the fourth day, with the 10-year bond yield jumping to the highest level in 15 months, after the Federal Reserve Chairman Ben Bernanke said that officials could end asset purchases in 2014. The yield on the benchmark 10-year bonds advanced to 2.37%. The price of 1.75% bond maturing in May 2023 declined and was at 94 19/32.
U.K. government gilts declined, with the 10-year bond yield jumping the most since April 2012, as the Federal Reserve said it may end bond-buying programme in the middle of 2014. The yield on 10-year U.K. bonds advanced to 2.26% and two-year rates advanced nine basis points and were at 0.53%
Canada's shares declined, after climbing for two days in a row, as the Federal Reserve announced that it could slow the pace of asset purchases in this year as U.S. economy shows more signs of growth. The S&P/TSX retreated 0.8% to 12,268.29, adding to signs the index has jumped 1.5% in the last two trading sessions.
European shares declined after the Fed's Chairman Bernanke said that the central bank could end stimulus next year if the economy will continue to grow. The Stoxx Europe 600 Index dropped 1.5% to 287.86 as of 8:05 a.m. London time, the biggest retreat in a week; moreover, the equity benchmark has fallen 7.3% since May 22, when was the previous
Australian currency declined to the weakest level in three years against the U.S. Dollar as manufacturing dropped unexpectedly in China. The Aussie plummeted 0.5% to 92.53 against the greenback, after it fell 2% yesterday. Chinese manufacturing Purchasing Managers' Index decreased from 49.2 in May to 48.3 in June.
The British Pound fell for a third straight day against the greenback after the Fed's Bernanke stated that U.S. officials could stop the monetary stimulus at the end of the next year. The Sterling depreciated 0.3% to $1.5433 as of 7:46 a.m. in London after slipping to $1.5427, the weakest since June 6. The British currency was at 85.61 pence
Asian shares declined the most in almost 24 months on worries the Fed could scale back the monetary stimulus programme if the U.S. economy will continue to improve. The MSCI Asia Pacific Index fell 3.6% to 128.29 at 3:28 p.m. Tokyo time and is set for the biggest retreat since September 2011, while Japan's Topix index slid 1.3% and Nikkei
The U.S. Dollar advanced to the strongest level in over a week versus the Japanese Yen ahead of U.S. housing and manufacturing report that may signal that the Federal Reserve may scale back its stimulus. The greenback jumped 0.7% to 97.08 against the Japan's Yen and appreciated 0.4% to $1.3248 versus the 17-nation currency.