Australian currency dropped on Wednesday falling towards the lowest level in a two-month period before a report showed that exports and imports in China advanced by more than expected , the largest trading partner of Australia. The so-called Aussie slid 0.1% to $1.0177 at 10:02 a.m. Sydney time following yesterday's decline to the lowest since March 4 at $1.0155.
The Chinese currency jumped to the highest level in 19 years on Wednesday after the People's Bank of China increased the daily fixing to a record high and as Chinese exports rose by more than economists expected on April. The Yuan gained 0.13% to 6.1460 per U.S. Dollar at 10:08 a.m. Shanghai time totaling the 2-day gain to 0.33%.
Canadian Dollar rose against the U.S. currency for the third straight day on Wednesday after the Reserve Bank of Australia lowered the benchmark interest rate by 25 basis points to a historical low at 2.75% spurring a demand for higher-yielded assets. The so-called Loonie advanced 0.3% to C$1.0042 per U.S. Dollar at 5 p.m. and one Canadian Dollar buys 99.58
Gold fluctuated on Wednesday as investors bet on a drop in assets in the SPDR Gold Trust to the weakest level in a four-year period as the physical demand in China is increasing. Bullion for delivery in May climbed by 0.2% to $1,455.60 an ounce as of 12:10 p.m. Singapore time following an earlier drop to $1,447.75 and a 0.4%
Soybeans increased for the second straight day on Wednesday amid concerns that planting in the world's largest exporter of the commodity, the U.S., may be delayed as about 2% of U.S. crop were due on May 5 compared to 22% last year. Soybeans for July delivery added 0.6% to $13.90 a bushel and were traded at $13.895 at 11:13 a.m.
The Euro's volatility versus its U.S. counterpart was close to the weakest level in almost four months on Wednesday as investors expect that the European Central Bank will lower the benchmark interest rate further if the slump in the economy continues. The 17-nation bloc currency added 0.1% to $1.3092 from yesterday's level, while it was traded 0.4% lower at 129.53
Manufacturing orders in Germany advanced surprisingly in March as demand in the euro area rose suggesting that the Eurozone's economy might be recovering, the Federal Ministry of Economics and Technology reported on Tuesday. The report showed new orders gained 2.2% on a sequential basis on March, while it was forecast to fall by 0.5%, orders from the Eurozone climbed 4.2%
Exports in China increased by much more than economists originally expected in the month of April, according to a report released by the General Administration of Customs on Tuesday, at the same time imports rose beating a forecast. Shipments to the country climbed by 14.7% on an annual basis in April compared to an expected 9.2% growth, while imports advanced
U.S. consumer credit increased at a slower pace than preliminary estimated in March from the month before, a report released by the Federal Reserve showed on Tuesday. According to the report, consumer credit in the country moved up by $8.0 billion in March after it recorded a climb of $18.6 billion in February, while it was forecast to jump $15.0
Chinese stocks increased on Wednesday led by consumer-discretionary companies and trainmakers after a data showed that imports in China rose by 16.8% in April and the country's trade balance came in a $18.3 billion surplus. The Shanghai composite Index fell 0.2% to 2,239.67 as of 1:08 p.m. local time, while the CSI 300 Index gained 0.3% to 2,537.44.
West Texas Intermediate oil swung between gain and losses on Wednesday after it recorded its first fall in four days yesterday as the U.S. report showed that stockpiles rose for the second straight week. June WTI futures were traded 12 cents higher at $95.75 a barrel on the NYMEX as of 1:02 p.m. in Singapore after they dropped 54 cents
Business activity in the United Kingdom's small and medium-sized companies stood at a weaker-than-forecast level in a three-month period ended in April as new orders and output fell, the latest figure released by the Confederation of British Industry revealed on Tuesday. According to the SME survey, the fall of new orders and output was driven by weaker domestic and export
The European currency declined against the U.S. Dollar on Tuesday as President of the European Central Bank Mario Draghi said that policy makers are ready to lower the benchmark interest rate further in case of the deterioration in the economy. The shared currency fell 0.3% to $1.3076 at 5 p.m. in New York, while it was at 129.88 yen.
The South Korean currency swung between gains and losses on Tuesday and was traded near its highest level in eight weeks against the U.S. Dollar on concerns that the country's lawmakers will try to slow its appreciation in order to protect exporters. The Won was traded at 1,094.45 per U.S. Dollar at 10:43 a.m. Seoul time after it touched 1,092.29
European stocks jumped on Tuesday as some companies including Commerzbank AG, Credit Agricole and Societe Generale reported quarterly results showing better-than-forecast earnings in the Q1. Benchmark Euro Stoxx 50 Index futures advanced by 0.3% to 2,724 as of 7:03 a.m. London time, while the Stoxx Europe 600 Index closed near a 5-year high yesterday.
Emerging-market shares increased on Tuesday to the highest level in seven weeks as the climb was led by materials and industrial companies, while Malaysian stocks advanced for the second straight day as new prime minister was elected. The MSCI Emerging Market Index gained 0.1% to 1,047.51 at 1:08 p.m. Hong Kong time set to close at the highest since March 14.
Asian shares gained for the second straight day on Tuesday as the Japanese benchmark index Topix erased losses since 2008's Lehman Brothers collapse and as the Reserve Bank of Australia lowered the benchmark cash-rate by 0.25% and the ECB will cut the interest rate in case there will be no signs of improvement in the economy. The MSCI Asia Pacific jumped
The Canadian Dollar increased against the majority of its most-traded peers on Tuesday after a report showed that building permits in the country advanced by more than preliminary estimated in March. The so-called Loonie was traded 0.1% higher at C$1.0068 per U.S. Dollar as of 5:00 p.m. Tokyo time and one Canadian Dollar buys 99.33 U.S. cents.
Copper traded in London jumped to the highest level in a three-week period on Tuesday amid speculation that demand in the world's largest buyer, China, will improve. Copper for delivery in August increased by 1.4% to $7,374 a metric ton on the London Metal Exchange, the strongest level since April 15 and it was traded at $7,325 as of 10:44
West Texas Intermediate oil dropped for the first time in last four sessions before the U.S. government reported that stockpiles increased from the highest level in 82 years and as Saudi Arabia's output was boosted to the strongest level in 5 months. WTI for delivery next month decreased by 85 cents to $95.31 a barrel on the NYMEX and was
U.S. Treasuries were traded close to the lowest level in a month on Tuesday as investors are set to bid at three auctions of U.S. notes starting today. The benchmark U.S. 10-year yield was traded 0.01 percentage point lower at 1.75% at 1:25 p.m. Tokyo time, while the 10-year term premium was minus 0.75% indicating that investors are willing to
Property prices in Australia's eight capital cities increase in the first three months of 2013 mainly due to a notable advance in house prices in Sydney and Perth, a data released by the National Bureau of Statistics. The weighted average of house prices in 8 capital cities rose from 0.1% recorded in the Q4 to 2.6% in the Q1, when
The Reserve Bank of Australia lowered its benchmark interest rates to the lowest level all-time on Tuesday as strong Australian Dollar weakens manufacturing output and increases unemployment in the country. The RBA's Governor Glenn Stevens with his board cut the overnight cash-rate by 25 basis points as expected to a record low at 2.75%.
Gold decreased on Tuesday amid speculations that purchases of physical gold eased as prices of the metal advanced to the strongest level since April 15, when the bullion entered its worst bear market in three decades. May gold futures fell as much as 0.7% to $1,459.60 an ounce and were traded at $1,465.25 as of 12:18 p.m. Singapore time.