The Pound appreciated for a second day versus Eurozone's currency after Bank of England policy maker Martin Weale stated that U.K. yields should increase as the economy grows. The U.K. currency advanced 0.3% to 83.43 pence per one euro as of 11:36 a.m. London time after it touched 83.29 pence on Mar 20, the highest level since Mar 12. The
New orders for manufactured durable goods in February increased notably in the U.S. rising by more than economists originally estimated, the latest data revealed by the Commerce Department showed on Wednesday. According to the report, the country's durable goods orders gained 2.2% in February following an advanced by 1.3% in the month before.
The yellow metal traded above the lowest five-week price in New York as traders weighed the crisis over Ukraine versus the outlook for higher yield in the U.S. The bullion for June contract advanced 0.2% to $1,314.40 an ounce as of 7:50 a.m. on the Comex in New York. It was little changed at $1,305.90 during Tuesday trading session, the
Wall Street stocks increased earlier on Wednesday trading session as geopolitical tension between the Russian Federation and Ukraine seems to be easing and on upbeat data coming from the U.S. boosting demand for the equities. The Standard & Poor's 500 Index gained 0.38% to 1,872.63, the Dow Jones industrial average added 0.36% to 16,426.45 and the Nasdaq Composite index rose
Australia's currency appreciated to the highest level in four-months as Governor of the central bank Glenn Stevens stated that the economy may grow in 2014 and there were encouraging signals with respect to consumption. The Australian Dollar added 0.7% to 92.29 U.S. cents as of 7:21 a.m. New York time after it advanced to 92.35 cents, the highest level since
The majority of European shares rallied on Wednesday rising for the second straight day amid speculation that the U.S. economy is improving as latest data showed an improvement in durable goods and consumer confidence. The German DAX gained 1.5%, the London's FTSE added 0.5% and the Paris' benchmark index jumped 1.1%.
Shares world-wide increased on Wednesday trading session rising towards the highest level in two weeks after a government report showed that investor confidence in the world's largest economy increased and durable goods advanced by more than economists originally expected. The MSCI global stock gauge increased as the emerging markets index gained the most in three weeks.
James Bullard, the President of the Federal Reserve Bank of St.Louis, announced on Wednesday that the regulator did not negotiate the specific month of finishing the QE program. At the same time, he marked that the possible period of the program's end is from October till January. Still, the final decision will most likely be influenced by near-term economic development
The total number of orders for durable goods in the United States jumped 2.2% in February of this year on a monthly basis, while economists predicted the indicator to add only 1.1% after a 1.3% decrease in January. At the same time, excluding orders for transportation equipment, they increased only 0.2%, which shows the strength of demand for transport, as
European stocks climbed after their biggest loss in two weeks, since U.S. consumer-confidence and housing data signalled the economy has recovered from the cold winter. The Stoxx Europe 600 Index gained 1.3% to 328.71 as of 2:14 p.m. London time, Luxottica Group SpA added 3.8%, Baloise Holding AG advanced 3.6% and EasyJet Plc climbed the most during the last four
Gold was near the weakest level in one month since the Dollar appreciated when the world's leading industrial powers warned of more sanctions against Russia to deter it from further invasion into Ukraine. The yellow metal added 9.2% during this year and its delivery for June almost unchanged at $1,312.70 an ounce by 9:19 a.m. in NY. Prices decreased 0.4%
The Euro depreciated for the first time during three days versus the Dollar since the business confidence in Germany declined, curbing demand for the common currency. The Euro weakened against the majority of its 16 major counterparts and fell 0.4% to $1.3790 as of 9:13 a.m. in New York after gaining 0.4% during the preceding two days. The Euro also declined 0.2% to
The European benchmark Brent crude slightly dropped on Tuesday trading session before an industry report showed that crude supplies accelerated by 2.5 million barrels in the week ended on March 21, the Bloomberg survey signaled today. Brent with settlement in May lost 19 cents to $106.62 per barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate crude declined on Tuesday falling for the first session in three days on speculation that stockpiles in the U.S., the world's largest oil consumer, increased for the 10th consecutive week. WTI for delivery in May slipped 34 cents to $99.26 per barrel on the NYMEX and was last seen at $99.45 as of 3:05 p.m. in Singapore.
U.S. Treasuries declined on Tuesday trading session falling towards the weakest level in nearly four years against their global counterparts before an auction today where the U.S. plans to sell $32 billion of 2-year notes. The benchmark government 10-year yields were last traded at 2.73% by 6:51 a.m. London time with the price reaching a level of 100 6/32.
Gold traded in New York advanced on Tuesday session rebounding from the weakest level in almost a month as geopolitical tension in Ukraine may result in further sanctions to keep the Russian Federation from occupying other parts of its neighboring Ukraine. Bullion for delivery in March gained 0.6% to $1,316.86 an ounce and was last seen at $1,314.61 by 2:01
Japan's equities increased on Tuesday trading session rising for the second straight day as paper makers and oil exporter led the increase overshadowing drops of financial companies. The region's benchmark stock index Topix jumped as much as 0.1% to 1,163.70 following an increase by 0.8% earlier on the session, while the Nikkei 225 Stock Average lost 0.4% to 14,423.19.
A leading economic index in South Africa increased modestly in the month of January following a slow-down at the end of 2013, the latest report unveiled by the South African Reserve Bank revealed on Tuesday. According to the report, the country's leading index jumped 0.3% on a monthly basis in January totaling 100.2 points, while in December the figure stood
Unemployment in Finland continued to grow in February and rising for the second successive month at a steep rate towards the highest figures in a nine-month period, the latest data published by the Statistical Office unveiled on Tuesday. The country's Finland's jobless rate jumped from 8.5% in January to a level of 9.1 in February, while it was seen to
A leading index measuring economic activity in the world's second largest economy accelerated further in February and at a faster pace than in the months before, the latest report published by the Conference Board showed on Tuesday. According to the report, the country's leading economic index added 0.9% totaling 282.4 points, while it gained 0.3% and 0.4% in January and
Business confidence among small and medium sized companies in Japan increased significantly in March following a month of decline, the latest data revealed by the Shoko Chukin Back showed on Tuesday. According to the report, the Japanese business confidence index rose from February's level of 50.6 in February to March's 53.5.
Brazil credit rating was downgraded by the rating agency Standard & Poor's citing weakened growth and fiscal slippage in the following years, a report released by the agency showed on Tuesday. According to the report, the country's long-term rating was lowered from ‘BBB' to ‘BBB-‘, the lowest so-called investment grade, while the outlook stayed ‘stable'.
The 18-nation bloc currency traded slightly higher earlier on Tuesday trading session before a private think-tanks Ifo based in Munich showed results from its survey measuring business confidence in the Eurozone and after a government reported that manufacturing PMI in the U.S. declined last month. The Euro was last seen at $1.3835, up from Monday's $1.3760.
The U.S. Dollar opened steady earlier on Tuesday session and traded near its close to the strongest level in three weeks against the basket of currencies included in the U.S. Dollar index after a government data showed that manufacturing PMI fell in February. The U.S. Dollar Index was last seen at 79.952, down from Monday's level of 80.290.