Canadian stock still remains on its road of gains by increasing the value on Thursday, due to a rise in industrial, as well as consumer staples stock. The Composite Ratio (S&P/TSX ) added to gains 39.18 points, 0.3 per cent increase, and went up to the number of 11,603.98.The Capped Industrial Ratio(S&P/TSX) rose by 0.7 per cent and the Capped
The dollar's slight decreased on Thursday has lifted up the single European currency from its 22 moth long road of loss against the currency. The greenback has felt after the United States' last data release and a significant drop of the Sweden currency's value. The euro's value on the European market, during the trading time, was $1.2514, then the currency has
Gold futures jumped on Thursday, recovering from the road of loses of the previous session, in order to track other products' rises and equities of the United States, due to the dollar's decrease in strength.Gold, which is prepared for distribution in June, has risen in value by $25.60, 1.7 per cent increase, to the number of $1,574.10 for an ounce
Agricultural commodities went down despite the fact that weather conditions in the US and Russia may deteriorate thus restricting global supplies.Wheat declined despite reports that hot and dry weather in the US, Russia and Australia may spur the largest fall in world's supplies since 2003.Corn increased for the first time in the last three trading days as unfavorable weather conditions
Energy markets were mostly lower on Wednesday as Iranian talks are likely to bring positive results. At the same time, demand may drop amid dismal manufacturing performance worldwide.Crude oil tumbled below 90 US Dollars per barrel after Iran agreed to allow international inspectors to examine aspects regarding the country's nuclear program.Brent oil eased down amid strong US Dollar and higher
Industry metals fell on Wednesday as economic instability in the Euro Zone remained the main threat to global expansion.Aluminum declined as many producers started to close down smelters because of low prices.Copper approached more than four-month low after the EU leaders agreed that each member has to get prepared for possible Greece's exit from the Euro Zone.Nickel extended previous losses
Precious metals extended previous losses on Wednesday, being pressured by broadly stronger US Dollar and unfruitful talks between the EU leaders.Gold dropped after US reported inspiring US home sales data that faded hopes for more easing measures from the Fed.Silver fell as weak global equities and persistent turmoil in the Euro Zone continued to push the white metal down.Platinum continued
European stocks returned to growth, despite services and manufacturing purchasing managers indices across Europe and German business confidence shrank more than expected. The Stoxx Europe 600 Index added 1.0 percent to 241.81. Cable & Wireless Communications Plc soared 19 percent. Sonova Holding AG gained 2.5 percent. Bayer AG declined 1.1 percent. U.S. futures and Asian stock little changed. S&P 500 futures gained 0.3 percent, MSCI
Bank of England revised UK's GDP growth in the first three months of 2012 to -0.3% instead of initially estimated -0.2%. Adjustment was made due to revised results in UK's building sector. Initially estimated 3% decline turned out to be 4.8% decrease in construction sector. In comparison to the same period last year UK's economy shrank 0.1%. This is the
The purchasing managers index across the single currency area shrank in May at the fastest rate since mid-2009. The composite purchasing managers index lost 0.8 points and now stands at 45.9. The manufacturing PMI decreased to 45.0, down from 46.1 last month, while the services PMI dropped to 46.5 from 46.9. An indicator below 50 indicates activity shrinkage. Chris Williamson of Markit argues
German business confidence index fell more than anticipated in May. Business climate index published by IFO institute in Munich, which surveys 7000 executives in Germany, missed the estimation by 2.5 and decreased to 106.9. Additionally, current situation sentiment fell by 4.2 to 113.3 with excecutives' expectations gauge decreasing by 1.8 to 100.9. After the report Euro lost 0.4% against the majority of
Crude petroleum futures decreased this Wednesday as expectations of Iran's business collaboration with International Agency of Atomic Energy alleviated problems of global supply, while an increasing possibility of Greek's exit from the bloc strengthened the opinion that demand for oil will fall further. The recently published by the government of the United States rates on oil supplies increased the pressure on petroleum prices.
European shares faced the biggest decrease in value during the last month due to the growing concern regarding Greece leaving the Euro zone, while European countries' leaders were meeting in Brussels. The Stock Exchange Group(Plc) in London fell the most during two an a half years, following a sale made by UniCredit (SpA) and Intesa Sanpaolo (SpA) of their combined stake,
BoJ did not change its assessment of the economy in May but became more optimistic, as it finds more evidence of recovery. Its monthly report mentions improvements in private and business investments. The Bank of Japan said that they expect the economy to start recovering as growth in partner economies picks up. They also predict that construction sector will strengthen,
The US Dollar followed bullish trend on Thursday as Germany disapproves issuance of Eurobonds that may help to ease Greek debt burden. Traders are also cautions ahead of Euro Zone's manufacturing data release due later today. The US Dollar index, which tracks the greenback's performance against six main currencies, gained 0.09%, attaining 82.24 at the time of writing.
Most Asian markets lost ground on Thursday after weak data from Chinese manufacturing sector and fruitless EU summit. The euro touched its 22-month low of USD 1.2545, as European leaders took opposite stances on the euro zone debt crisis. During Asian trading the price stabilised at USD 1.2582. Japanese companies with strong ties to the EU fell behind the Nikkei which fell 0.5%. The U.S.
The trade surplus of New Zealand widened in April on a monthly basis, but was below forecasts. The country's trade surplus approached 355 million New Zealand Dollars in April as compared to 186 million New Zealand Dollars in March. However, analysts expected the trade balance to indicate a surplus of 475 million New Zealand Dollars. Considering yearly moves, the trade
EU leaders continue summit talks with Germany and France arguing on introduction of the Eurobonds. Eurobonds represent debt issued on behalf of all members of the Euro Zone and are aimed at boosting growth. Germany's Chancellor, Angela Merkel, claims that Eurobonds violate the EU treaties and will not accelerate growth essentially. At the same time, French President, Francios Hollande, says
Gold futures increased during Asian session on Thursday after tumbling on broadly stronger US Dollar and persistent Greece's worries. COMEX gold futures for delivery in June traded at 1,588.55 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.66%. Meanwhile, COMEX silver July contract traded at 27.740 US Dollars per troy ounce, rising by 0.80%.
Canada's core retail sales advanced less than initial forecast in March, whereas total sales of retailers erased previous month losses. The core retail sales in the country that exclude auto sales gained 0.1% in March on a seasonally adjusted basis, confronting expectations of a 1.0% rise. Year-to-year core retail sales eased up by 2.4% in March after advancing by 2.5%
Crude oil prices slightly rose during Asian session on Thursday, erasing some of the previous losses after approaching key support levels. The market continued to be impacted by talks between Iran and six global powers regarding nuclear program. Light, sweet crude oil futures for July delivery traded at 90.58 US Dollars per barrel on the New York Mercantile Exchange, advancing
Manufacturing activity of China may have dipped in May, indicating that country's economy continued to cool. The flesh HSBC Purchasing Manager's Index dropped from 49.3 to 48.7 in May, contracting by seventh month in line. The level under 50 indicates contraction. The data adds to hopes for more easing measures from China's government to stimulate growth.
Purchases of new homes in April increased to annualized rate of 343K, 3.3% more than a month ago and 9K more than was forecasted. Acquisitions increased in three out of four US regions lead by 28% increase in both, the West and the Midwest. Amount of new homes for sale in the market increased by 2000, to 146K. Because rate
As hopes fade that EU officials will propose concrete measures to handle the debt crisis, Treasury prices increased, meaning that their yields decreased. Thus, 5-year notes earn a yield of 0.74 percent, a decrease of 3 basis points; 10-year notes yield a return of 1.74 percent, also a decrease of 3 basis points; 30-year notes earn 2.83 percent, a drop of 4 basis points. Last