The Australian Dollar was poised for a five-day gain before China's data next week, which might show the country's economy is improving. The Aussie Dollar traded at $1.0480 at 3:42 p.m. Sydney time, following a 0.3% advance to $1.0486 yesterday in New York after touching $1.0516, the highest level since September 21. The kiwi bought 83.19 U.S. cents from 83.27.
The Japanese Yen lost versus most major counterparts amid speculation the central bank will add monetary easing measures to counter the country's fall into recession. The Yen weakened 0.1% to 82.48 per U.S. Dollar at 2:10 p.m. Tokyo time and fell 0.1% to 106.96 per euro, paring its weekly advance to 0.1%. The final reading of Japan's Q3 GDP is
European shares gained on rising optimism the U.S. lawmakers will reach consensus on the new budget. However, ECB forecasts for 2013 might be a threat for the stock market, as Draghi said he expects a slowdown in the pace of economic growth in the Eurozone next year. The ECB left the interest rate unchanged a record low level of 0.75%.
Consumer prices in Switzerland dropped more than forecast in November amid declining fuel, rents and food cost, favoring Swiss National Bank's decision to retain its cap on franc. The Bank kept the Franc at 1.20 per euro in September, as investors from the Euro-area boosted up the currency. The consumer CPI lost 0.4% in November on year-on-year basis. In comparison,
The data released by the State of Secretariat for Economic Affairs showed Swiss jobless rate stayed unchanged in November after advancing marginally the month before. The seasonally adjusted unemployment rate was at 3% staying in line with analysts' forecasts. The rate increased from 2.9% in October to 3.1% in November on adjusted basis. The number of people registered as jobless
German shares advanced to their highest level in more than eighteen months amid positive economic data on Germany's factory orders and speculation the Republicans will agree on raising taxes in the next year's budget plan. Europe's largest economy's factory orders jumped 3.9%, instead of the forecast 0.9%, on strengthening foreign demand. The DAX Index rallied 0.9% to 7,524.23 prior to
Asian stocks advanced, leading the regional benchmark to its highest level in eight months amid positive data on the U.S. economy. The service sector in the U.S. expanded as manufacturing PMI jumped more-than-expected to 54.7 in November from 53.6 the prior month, while U.S. factory orders rallied 0.8% in October compared to September. However, the gauge tracking Honk Kong shares
Japanese equities gained on hopes U.S. lawmakers will agree on budget for the next year and positive economic outlook for the nation's economy. Japanese Nikkei 225 Stock Average advanced 0.8% after the Yen depreciated to almost its lowest level in seven months. The investors' risk appetite was boosted up on speculation the Central Bank would further ease the currency in
German shares advanced to their highest level in more than eighteen months amid positive economic data on Germany's factory orders and speculation the Republicans will agree on raising taxes in the next year's budget plan. Europe's largest economy's factory orders jumped 3.9%, instead of the forecast 0.9%, on strengthening foreign demand. The DAX Index rallied 0.9% to 7,524.23 prior to
European shares gained on rising optimism the U.S. lawmakers will reach consensus on the new budget. However, ECB forecasts for 2013 might be a threat for the stock market, as Draghi said he expects a slowdown in the pace of economic growth in the Eurozone next year. The ECB left the interest rate unchanged a record low level of 0.75%.
U.S. blue chips advanced on Wednesday on rising optimism about resolving the "fiscal cliff". In addition, latest economic data point on moderate growth in the U.S. economy, yet, the market is highly dependent on the outcome of the budget talks. Shares increased also because Republicans responded to bipartisan call to overcome disagreements between the President and House Speaker John Boehner
U.S. equities snapped a two-day drop in the S&P's index on improved estimates for economic data and hopes for U.S. lawmakers to reach an agreement on the budget before end of this year. The experts say investors will continue to react to news on the resolution of "fiscal cliff". In addition, the U.S. manufacturing sector signaled growing signs, as yesterday
Asian stocks advanced, leading the regional benchmark to its highest level in eight months amid positive data on the U.S. economy. The service sector in the U.S. expanded as manufacturing PMI jumped more-than-expected to 54.7 in November from 53.6 the prior month, while U.S. factory orders rallied 0.8% in October compared to September. However, the gauge tracking Honk Kong shares
Japanese equities gained on hopes U.S. lawmakers will agree on budget for the next year and positive economic outlook for the nation's economy. Japanese Nikkei 225 Stock Average advanced 0.8% after the Yen depreciated to almost its lowest level in seven months. The investors' risk appetite was boosted up on speculation the Central Bank would further ease the currency in
U.S. blue chips advanced on Wednesday on rising optimism about resolving the fiscal cliff. In addition, latest economic data point on moderate growth in the U.S. economy, yet, the market is highly dependent on the outcome of budget talks. Shares increased also because Republicans responded to bipartisan call to overcome disagreements between the President and House Speaker John Boehner over
The Pound was traded at $1.6082 in the very early morning in London on Thursday. Investors were waiting for a decision from the Bank of England about the latest results of its policy meeting. According to economists, the central bank will continue to purchase assets with a target of 375 billion Pounds and it will keep the key interest rate
U.S. equities snapped a two-day drop in the S&P's index on improved estimates for economic data and hopes for U.S. lawmakers to reach an agreement on the budget before end of this year. The experts say investors will continue to react to news on the resolution of fiscal cliff. In addition, U.S. manufacturing sector signaled growing signs as yesterday data
The Euro Stoxx 50 index futures were 0.4% higher in the early morning of London trading session on Thursday. Together with Asian stocks, European futures gain on optimism that U.S. governors will reach an agreement on the budget for 2013 this month. Also, markets are waiting for a report on the Euro block, which, according to economists, will show a
The Euro, 17 European nations mutual currency, slipped by 0.1% to $1.3056 in the very early morning London time on Thursday. The major currency pair slipped from a 7-week high at $1.3127, which was touched yesterday. Investors have negative sentiments against the Euro before a report on the Euro bloc economy, which, according to forecast, will indicate a contraction.
U.K. house prices were higher by 1% in November comparing with the previous month, recovering from four consecutive declines, according to Lloyds Banking report on Thursday. The actual number exceeded the forecast, which was increase by 0.1%. Housing prices in the U.K. dropped by 1.3% in the last three months till November, comparing with the same period in last year.
Gold fell for a third day toward the lowest level in a month as a stronger greenback weakened demand for commodities. Spot gold dropped as much as 0.4% to $1,687.15 an ounce, and traded at $1,690.88 at 3:34 p.m. Singapore time. The precious metal declined to $1,684.93 a day earlier, the lowest since November 6, as the U.S. Dollar rose
Asian stocks gained, with the regional benchmark index poised for the highest close in 8 months, as data on U.S. factory orders and services overshot expectations. The MSCI Asia Pacific Index rose 0.3% to 125.59, heading for the highest close since April 3. Japan's Nikkei 225 Stock Average added 0.8% after the Japanese Yen traded at the lowest level in
Oil traded near one-week low in New York as a report showed gasoline inventories surged the most in 11 years. Crude for January settlement was down by 23 cents to $87.65 a barrel at 2:48 p.m. in Singapore. Prices declined 62 cents a day earlier to close at $87.88 a barrel, the lowest since November 28. Brent for January delivery
Australia's jobless rate unexpectedly declined in November, sending the Australian Dollar higher. The unemployment rate dropped from 5.4% in October to 5.2%, according to data released by the statistics bureau, while economists projected an increase to 5.5%. The Aussie was at $1.0469 at 1:03 p.m. Sydney time, comparing to $1.0447 before report release.