A leading economic index in the Asia's second largest economy dropped in March, however the pace of decline was lower than economists originally estimated, a report unveiled by the Cabinet Office revealed on Tuesday. According to the report, the Japanese leading index slipped from February's level of 108.5 points to 107.1 points in March.
Inflation in the United Kingdom measured as consumer price index expanded in April rising at a faster pace than economists initially expected, the latest data revealed by the Office for National Statistics showed on Tuesday. The country's consumer prices accelerated by 1.8% in April following a 1.6% advanced recorded in the prior month.
Economic growth in the Organization for Economic Cooperation and development area eased in the first three months of this year compared to initial estimates, the latest report released by the organization showed on Tuesday. According to the report, the OECD GDP grew slower at the pace of 0.4% in the Q1 after rising by 0.5% in the Q4.
Wall Street shares opened lower on Tuesday trading session with the benchmark stock index snapping its two-day winning streak after companies reported earnings. The S&P 500 Index slipped 0.06% to 1,883.89, the Dow Jones industrial average dropped 0.05% to 16,502.87 and the Nasdaq Composite Index lost 0.09% to 4,122.28.
The U.S. Dollar slightly increased on Tuesday trading session rising against the Japanese Yen and the euro-area currency after the Bank of Japan remained positive about supporting the country's currency and as U.S. shares surged today. The U.S. Dollar added from 101.10 yen to 101.36 earlier on today's session, while it gained 0.1% versus the Euro.
The Australian currency dropped notably on Tuesday falling against its U.S. counterpart after a government report showed that prices of the country's largest export earner, iron ore, fell significantly. The so-called Aussie slipped as much as 0.8% and was last traded at 92.60 per U.S. Dollar as the iron ore prices fell to $98.50 a ton, the least in over
Asian equities declined on Tuesday trading session with the region's benchmark stock index falling for the second day this week, while the Japanese gauge advanced as investors' sentiment pushed the prices higher after the Wall Street shares surged yesterday. The MSCI Asia-Pacific index lost as much as 0.3% and the Nikkei 225 average remained flat.
European stocks fall on political angstThe majority of European shares slipped slightly on Tuesday trading session falling for the second straight day as geopolitical tension in Ukraine overshadow an optimism after the European Central Bank signaled that it may keep current level of stimulus. The London's FTSE and Paris' CAC slid 0.5% and 0.2% respectively, while Frankfurt's DAX stayed flat.
Jobless rate in Sweden showed no changes in April of the current year, comparing with the data a year ago, however, it increased on a monthly basis a reached 8.7%. Analysts predicted a decline to 8.5%, down from 8.6% in March. The total number of people without any work was 445,00 last month. At the same time, employment level climbed
According to the national referendum data in Switzerland, voters opposed the idea of introducing the highest minimum wage in the world, amounted 22 francs per hour. The idea received a denial of 76.3% of citizens, who came to vote. The Economy Minister of the country said that the rejection of such a large minimum wage will protect the rural and
The Governor of the Bank of England Mark Carney announced on Monday that the property market has a lot of problems at the moment and represents the highest risk for the economy. The main problem lies in jumping prices, however, the Bank of England cannot influence the housing market directly. The regulator is going to control banks, so they would
A vast majority of economists, who were asked about new monetary easing measures from the ECB, said that the central bank will start further easing in June, as it was announced by the President Mario Draghi on May 8. Namely 90% of them see that new monetary policy tools will be implemented to withstand risks of low inflation or even
European shares started a new trading week with almost no considerable changes with few companies jumping or dropping significantly, while during last five weeks the stocks surged. Among active market players, Deutsche Bank AG and Ryanair Holdings Plc lose value on Monday. The benchmark Stoxx 600 Index slips 0.1% to 338.55 points by 7:20 GMT in London.
Deutsche Bank, the biggest bank in Germany, sold 60 million shares for 1.75 billion euros or 29.20 euro per share to the Qatar-based investment company Paramount Holdings Services. Recently, the bank announced its plans to increase capital, raising as much as 8 billion euros in total. Following these news, Deutsche Bank shares decline 0.9% to 30.54 euro by 8:00 GMT
The total number of core machinery orders in Japan climbed 19.1% in March of this year o a monthly basis, reaching 936.7 billion yen. At the same time, analysts predicted the orders to add only 6%, while the indicator for February has been revised positively from a decline of 8.8% to decrease of 4.6%. On the annual basis, orders jumped
West Texas Intermediate crude rose on Friday trading session heading towards its second weekly advanced after an industry report showed that inventories in Oklahoma's Cushing dropped for the fifth week to the weakest level since late 2008. WTI for delivery in July added 21 cents to a level of $101.71 per barrel on the NYMEX.
The European benchmark Brent crude increased on Friday and was set to record its first weekly gain in May on speculation that geopolitical tension in Ukraine could disrupt Russian supplies to European countries. Brent for settlement in July advanced as much as $0.32 to $109.41 per barrel on the London's ICE Futures Europe exchange.
The majority of European equities declined on Friday trading session with the benchmark stock index recording its largest drop in four weeks yesterday after the euro-area showed in a report that the region's GDP trailed estimates. The Stoxx 600 Index fell as much as 0.1% to a level of 338.12 points by 1:47 p.m. London time with one stock rising
Manufacturing business conditions in the New York area advanced in May improving by much more than economists originally forecast as the region's activity index recorded its four-year peak on the month, the Federal Reserve Bank of New York showed in a report on Thursday. The Fed's general business condition gauge climbed from 1.3 points in April to 19.0 points in
Confidence among U.S. homebuilders surprisingly declined in the month May with the indicator measuring sentiment in the area falling to the weakest figures in a year, data published by the National Association of Home Builders unveiled on Thursday. The world's largest economy Housing Market Index slipped to 45 points in May, down from a level of 46 in April.
An indicator measuring manufacturing activity in the Philadelphia area accelerated in May rising for the fifth straight month despite the fact that factory activity index in the country slipped, a report unveiled by the Federal Reserve Bank of Philadelphia showed on Thursday. The current activity index in the area added from April's level of 16.6 to 15.4 points in May.
U.S. new residential construction advanced significantly in April as the country's housing starts gained to the highest level in a five-month period, the latest report unveiled by the Commerce Department showed on Friday. According to the report, the U.S. housing starts jumped 13.2% year-on-year totaling 1.072 million in the month of April.
Economic growth in the city state of Hong Kong eased in the first three months of this year as merchandise exports decreased notably, a report revealed by the Census and Statistics Department unveiled on Friday. The Hong Kong's gross domestic product added 2.5% on an annual basis in the Q1 following a 2.9% expansion posted in the Q4.
Chinese foreign direct investment rebounded in April after recording a drop in the previous month, the latest report unveiled by the Ministry of Commerce showed on Friday. According to the report, the country's foreign direct investment increased to $8.7 billion in the month of April compared to a drop to 1.47% posted in March.