Russian and Ukrainian longer-term bonds increased on Tuesday after the Russian Federation entered Ukraine's Crimea peninsula yesterday and as Moscow today ordered its troops to return back to base after a military exercise taking place in western and central Russia. Ukraine's 10-year bonds advanced 1 cent to 84.2, while Russian 20-year notes added 1.7 cents on the U.S. Dollar to
The Reserve Bank of Australia decided to maintain its monetary course, keeping the benchmark interest rate at the record low mark of 2.5% for seventh month in a row. Moreover, the RBA pointed on stability period in monetary policy, however, the inflationary pressure remains quite high. Prices in the country will probably add 2-3%, in line with the RBA target
Current account deficit in Australia dropped 19% in the last quarter of 2013 from the previous three months, reaching $10.14 billion, while experts waited for a $10 billion shortfall. At the same time, the indicator for the July-September quarter was revised positively to a $12.54 billion deficit. It is worth pointing out that surplus of trade for goods and servives
Building approvals, which were issued in Australia in January of this year, climed 6.8% on a montly basis, reaching as many as 17,514. At the same time, analysts predicted a small rise of 0.5%. Moreover, year-on-year, the indicator surged 34.6%, beating forecasts of 24% as well. Meanwhile, the decline for December was revised positively from -2.9% to -1.3%.
Natural gas futures dropped to the lowest settlement in six weeks in New York amid speculation that demand will decrease with milder weather forecast. Natural gas for delivery in April dropped 11.7 cents to $4.492 per one million of Btu on the NYMEX, the lowest price since Jan. 21. The futures dropped 25% in the prior week, making the biggest
WTI crude prices traded near the highest level in five months on speculation that inventories of distillate-fuel decreased in the U.S., the biggest oil consumer in the world. West Texas Intermediate crude for delivery in April was at level of $104.70 a barrel on the NYMEX, losing 22 cents, as of 1:16 p.m. Singapore time. The contract added $2.33 to
Natural gas traded in New York declined on Monday session falling for the 5th time in a six- day period amid speculation that demand for the commodity may decreased as winter in the U.S. weakens. Natural gas for settlement in April slipped as much as 4.3 cents to $4.566 as million British thermal units as of 11:55 a.m. on the
The European benchmark Brent crude increased on Monday rising towards the strongest level in two months on escalating geopolitical tension between Ukraine and the Russian Federation, the world's biggest oil producer. Brent for settlement in April jumped as much as 2.5% to $111.80 per barrel as of 11 a.m. in New York on the London's ICE Futures Europe exchange.
Commodities world-wide increased on Monday pushing the index measuring 24 raw materials towards the highest level in nearly six months as Russian troops entered Ukraine's Crimea raising concerns over possible war as Putin declares he had right to enter the country. The S&P GSCI Spot Index jumped 2.1% to 663.48, the most since September 9.
Canadian shares were little changed on Monday trading session erasing increased recorded earlier on the day after global equities declined as investors seek for safe-have assets amid raising concerns over war conflict in Ukraine's Crimea peninsula. The Standard & Poor's/TSX Composite Index slipped 1 point to 14,208.99 as of 11:34 a.m. Toronto time.
European shares declined on Monday trading session falling by the most in over four weeks after touching the strongest level in a six-year period last week and investors seek for safe-have assets as Ukraine geopolitical tension increased as Russian intervened. The benchmark Europe Stoxx 600 Index slipped 2.3% to 330.36, the largest fall since January 24.
Gold bulls run for $1,400 an ounce, the highest price since September, as the serious standoff between the West and Russia boosts demand for safe haven. Bullion futures for April delivery added 2.2% on Monday trading session to $1,350.30 on the Comex in New York, after they reached $1,355, the highest price since October. The April $1,400 call gained 240%
U.S. Treasuries gained from yesterday as demand for safety was boosted by Russian seizing of Ukrainian headquarters in Crimea. U.S. 10-year yields traded at 2.61% at 1:38 p.m. in Tokyo from yesterday, when they touched 2.59%, the least since Feb. 4. The price of the 2.75 % note due in February 2024 was little changed at 101 6/32.
Australia's currency lost after the RBA announced the yield stays high following a decision to keep the interest rate at the lowest level today. The Aussie dropped as much as 0.2% to 89.24 U.S. cents at 3:05 p.m. in Sydney after it touched earlier 0.4%. Australia's benchmark 10-year interest rate set at 3.99%. The interest rate on debt maturing in
Japan's currency depreciated versus most of its 16 major counterparts as Haruhiko Kuroda, Bank of Japan Governor, states that there's strength for carry trade. The Japanese Yen dropped 0.2 % to 101.62 per greenback at 1:11 p.m. in Tokyo after it touched 101.20 on Monday trading session, the highest level since Feb. 5. It contracted 0.1% to 139.51 per 18-nation currency after
Industrial production in Portugal advanced at the beginning of 2014, however the pace of growth was lower than economists preliminary estimated, a data published by the statistical office unveiled on Monday. The country's industrial output gained 3.9% on an annual basis in January after rising by 5.7% in the last month of 2013.
Personal spending and income in the U.S. increased in January at a notable faster pace than experts originally estimated, a report published by the Commerce Department showed on Monday. According to the report, the U.S. personal income gained 0.3% in January compared to a 0.2% jump estimated earlier, while personal spending climbed 0.4% in the same month.
Construction spending in the world's largest economy surprisingly eased at the beginning of 2014, however it stayed in positive territory suggesting that the sector is growing, a report released by the Commerce Department showed on Monday. The U.S. construction spending advanced 0.1% rising from December's level of $941.9 billion to a level of $943.1 billion recorded in January.
Manufacturing activity in the world's largest economy increased in February expanding at a faster pace than economists originally projected, the latest data revealed by the Institute for Supply Management showed on Monday. The report also unveiled that the U.S. PMI jumped from January's 51.3 to a level of 53.2 recorded in the following month.
The central bank of Russian increased its benchmark interest rates unexpectedly on Monday amid raising concerns over possible war conflict in neighboring Ukraine pushing the country's currency Ruble towards the historical low versus the U.S. Dollar. The Bank of Russia raised the rate by 150 basis points from 5.50% to 7.00%.
The Ukraine currency Hryvnia declined on Monday trading session falling towards the lowest level all-time after the Russian Federation intervened into Ukraine's Crimea peninsula raising concerns over possible war conflict as the Russian President Putin declares his troops had right to enter the country. The Hryvnia slipped from Friday's 10.8510 a U.S. Dollar to 11.6510.
Russian shares and government bonds declined on Monday trading session as the Russian central bank raised benchmark interest rates and supported the country's currency through $10 billion injection on geopolitical tension in neighboring Ukraine. The Russian stock index MICEX slipped 11.5% to 1,280 and the Rubble fell 2% to 36.49 a U.S. Dollar.
U.S. Dollar advanced on Monday trading session together with the Japanese Yen as investors seek for safe-haven assets after the Russian Federation entered Ukraine's Crimea peninsula raising political tension in the country. The so-called Greenback increased pushing the Dollar index 0.3% higher to 79.885, while the Yen added as much as 0.6% against the Euro to 139.67.
Wall Street edged lower on Monday trading session together with most risk assets world-wide after Russian intervened Ukraine raising concerns over possible war conflict as the President of Russian Federation Vladimir Putin claimed the intervention was correct. The S&P 500 Index dropped 0.83% to 1,843.93, the Dow Jones industrial average fell 0.98% to 16,161.55 and the Nasdaq Composite Index slipped