Emerging-market shares increased to their highest level in one month on Tuesday mainly due to a rally of technological sector companies led by Hermes Miscrovision Inc. as investors seek for more risky assets amid global monetary measures speculation. The MSCI Emerging Market Index gained 0.6% to 1,033.19 as of 12:41 p.m. Hong Kong time reducing this month's fall to 0.2%.
The 17-nation bloc currency rose together with European government bonds, when the yield of French notes recorded a historical low as weaker inflation raised a chance of more stimulus measures added by central banks. The Euro fell 0.2% to $1.3074 and it declined 0.4% to 127.52 per yen, while the French 10-year yields dropped to 1.70%.
Asian shares increased on Tuesday with the local benchmark index heading to the strongest closing price since June 2008 after the U.S. report showed that housing sales increased and amid speculation about further stimulus measures by central banks. The MSCI Asia Pacific Index advanced 1% to 141.92 as of 8:23 p.m. Tokyo time, while the index has gained 4.7 %
Gold traded in exchange-traded funds and products made from gold is heading for the largest drop in a month as investors seek for higher yielded assets amid sign of improving global economic recovery. Bullion for delivery in April dropped 0.2% to $1,474 an ounce as of 9:24 a.m. Singapore time, while assets in ETPs declined 168.22 metric tons to 2,281.62
Corn continued to climb on Tuesday as it extended gains to the largest level in 10 months after a report showed that cold and wet weather in the U.S., the world's biggest exporter, curbed planting. Corn for delivery in three months gained 1.4% to $6.69 a bushel on the CBOT, the highest figure for most-active futures since April 1, while
The Won rose to the highest in six months amid speculation exporters of South Korean are exchanging yields from overseas sales, and government bonds strengthened. The Won gained 0.3% to 1,103.50 per greenback, the most since March 14, while the return on the 2.75% government bonds due March 2018 dropped to 2.56%, down two basis points.
The New Zealand Dollar dropped after data depicted construction approvals suddenly dropped, easing pressure on the Reserve Bank to switch to more contractionary monetary policy. The so-called kiwi worsened 0.1% to 85.60 U.S. cents and lost 0.1% to NZ$1.2094 versus Aussie, which remained almost unchanged and stood at $1.0353. During April 2013, the N.Z. Dollar has appreciated 2.9% versus the
Unemployment in Japan fell in the month of March missing economists' expectations, the latest report revealed by the Finance Ministry unveiled on Tuesday. According to the report the Japanese unemployment rate decreased from a level of 4.3% recorded in February to 4.1% in March, while it was forecast to climb to 4.2% by Dow Jones Newswires survey.
The Pound Sterling advanced to the highest in 10 months versus the greenback after an industry report indicated the U.K. real estate prices rose this month, adding to optimism the recovery is gathering pace. The Pound appreciated 0.2% to $1.5504, while it weakened 0.4% to 84.51 pence per Euro. The Pound has added 1.5% in April, while the Euro climbed
West Texas Intermediate oil was traded close to its 3-week high, while it was heading to a monthly drop as inventories in the U.S. jumped to the highest level in more than 22 years. June WTI futures were traded at $94.41 a barrel as of 12:01 p.m. on the NYMEX after it jumped to the strongest level since April 10
Japan's retail sales decreased in March from the year before, when it was falling for the third successive month suggesting that the Asian's second biggest economy is recovering on a slower pace than originally expected, the Ministry of Economy, Trade and Industry reported on Tuesday. Retail sales dropped 0.3% in March compared to an estimated 0.6% gain.
The Canadian Dollar climbed to highest in two weeks against its U.S. counterpart on gains in the country's largest export, which is crude oil, and speculation the European Central Bank would cut its interest rates and the U.S. would retain stimulus measures. The loonie rose 0.5% to C$1.0112 per greenback, while the Australian Dollar gained 0.2% to C$1.0466 and the
The so-called greenback traded 0.2% from a week low against the shared currency as the Fed begun a two-day meeting on bets it would retain its asset purchases for the upcoming future. The U.S. Dollar stood at $1.3090 per Euro and climbed 0.2% to 97.93 Yen. Up to now, the U.S. Dollar has risen 0.7% against the 17-nation currency and
Consumer confidence in the United Kingdom declined in April as an increasing inflation in the country had an impact on Briton's salaries and lowered household incomes, the latest figures revealed by the Office for National Statistics showed on Tuesday. Consumer confidence index fell from -26 recorded in March to -27 in April, its lowest level since December 2012.
Industrial production in Japan eased in March missing preliminary estimated figures, when the best performance recorded chemicals, electronic parts and devices, a report revealed by the Ministry of Economy, Trade and Industry showed on Tuesday. According to the report industrial output gained 0.2% in March, down from February's 0.6% and 0.3% in January.
Household spending in Japan increased by much more than economists originally expected in March, when it was rising for the third straight month, the latest data released by the Finance Ministry unveiled on Tuesday. 2-or-more-people household spending advanced annually by 5.2% in March, while household expenditures climbed 23%.
Retail sales in Sweden advanced at significantly slower rate in March than the month before, a data released by the Statistics Sweden revealed on Monday. According to the data the country's retail sales rose annually by 1.8% in March compared to a 3.4% growth recorded in February, while consumables sales expanded by 2.2% and sales for durables gained 1.8%.
Inflation in Spain slowed down by more than originally estimated in April mainly due to a decline in prices of lubricants, electricity and fuels, a report released by the statistical office Ine unveiled on Monday. The report showed that the harmonized index of consumer prices (HICP) jumped 1.5% on an annual basis in April after it grew 2.6% in March,
The British Pound appreciated for the fourth straight day versus the U.S. Dollar, recording the longest rally since November 2012 after the U.K. report showed an increase in the country's house prices in April. Sterling advanced by 0.3% to $1.5523 earlier on Monday London session following a rise to $1.5527, the highest since February 15.
Current-account trade balance in South Korea recorded the biggest surplus in a four-month period in March as exports rose despite weaker China's currency, a report unveiled by the Bank of Korea showed on Monday. The current-account surplus increased to $4.98 billion in March from a level of $1.71 billion in February, it was the largest surplus since November 2012.
Industrial profit growth in China slowed down in the month of March from the same period a year ago, the latest data released by the National Bureau of Statistics revealed on Monday. According to the data, earnings at Chinese industrial companies expanded by 5.3% in March compared to a 17.2% growth recorded in the January-February period, while in the Q1
German government yields were little changed on Monday before a report showed that consumer confidence in the 17-nation bloc advanced in April and as Italy is set to sell 6 billion euro in 5- and 10-year notes. The German benchmark 10-year rate was traded at 1.22% at 7:16 a.m. in London after the yield fell to the lowest level in
Consumer confidence in Finland decreased significantly in the month of April after it recorded an improvement in March, with the consumer confidence index falling to 6.4 in April from March's level of 10.2, the latest data released by the Statistics Finland showed on Monday. The report also showed that the headline index was 10.4 in April 2012.
The Reserve Bank of India's Governor Suvvuri Subbarao is expected to lower the repurchase rate for the third time in 2013 from 7.5% to 7.25% on a meeting taking place in the beginning of May, according to a survey reported by Bloomberg news. The India's government 10-year yields fell from 7.90% to 7.73% since the last rate cut on March