West Texas Intermediate oil increased on Friday trading session rising for the fifth successive day and was set to record the largest weekly gain since December as distillate-fuel stockpiles in the U.S. dropped according to the EIA report. WTI for March settlement jumped 38 cents to $97.70 per barrel on the NYMEX and last traded at $97.58 as of 3:55
U.S. Treasuries advanced on Friday and were set to record their fourth weekly gain, the longest streak since last April, after a report showed that jobless claim in the country rose and manufacturing output rose less than forecast last month. The benchmark 10-year government bonds yields traded at 2.77% by 8:12 a.m. in London following a drop to 2.76% yesterday.
The U.S. Dollar increased on Friday session rising against the majority of its most-traded peers on speculation that the U.S. Federal Reserve may decide to trim its stimulus program as soon as the next policy meeting the following week as the country's economy improves. The Greenback added 0.1% to $1.3682 a Euro by 7 a.m. London time and it advanced
China's equities advanced on Friday session with the benchmark stock index rising towards its strongest level in a three-week period as property companies increased after showing favourable earnings prospects. The Shanghai Composite Index gained 0.6% to 2,054.39 completing this week's advanced to 2.5%, while the CSI 300 Index surged 0.6%.
Gold declined on Friday trading session falling from the highest level in six weeks and paring its longest weekly gain since late 2012 as investors speculate whether the U.S. Federal Reserve scales back on the next policy meeting. Bullion for January delivery lost 0.5% to $1,258.36 an ounce and was last seen at $1,260.01 at 3:14 p.m. Singapore time.
European equities were little changed on Friday trading session with the benchmark index Stoxx Europe 600 heading towards a weekly fall after falling by the most in seven weeks yesterday after a report showed a slow-down in China's manufacturing activity. The Stoxx Europe 600 Index gained 0.1% to 332.99 as of 8:06 a.m. London time.
Germany's government bunds increased on Friday trading session with the benchmark 10-year yields recording the weakest level in almost three months as turmoil in some emerging markets boosted demand for safe-haven assets. The benchmark 10-year yields dropped two basis points to 1.69% as of 8:11 a.m. in London following a slide to 1.68%, the least since November 7.
Spain's producer prices increased on an annual basis in December rising for the first time in a three month period, a report published by the statistical office INE showed on Friday. According to the report, the country's producer prices rose 0.6% in December after recording drops in November and October of 0.5% and 0.2% respectively.
Finland's retail sales decreased on an annual basis in December as the sales volume slipped by 1.5%, a report published by the Statistics Finland showed on Friday. According to the report, the country's retail sales fell 0.9% year-on-year in December after rising by 0.2% in the previous month, while consumer goods sales advanced 0.2% in December.
House price sentiment among households in the United Kingdom improved in January with the price sentiment index rising towards the highest level all-time, a report published by the Markit Economics and Knight Frank showed on Friday. The U.K.'s sentiment of future house prices jumped from December's level of 70.5 to a level of 72.3 in January
The Australian Dollar declined on Friday after the Reserve Bank of Australia's policymaker Heather Ridout commented that the local currency had not dropped enough and a level of $0.80 for the Aussie would be better for the economy. The Australian currency was last traded at $0.8689, almost 7 U.S. cents from its 3-1/2 year low.
The Japanese Yen, Swiss Franc and the Euro remained unchanged on Friday after a government report showed a slow-down in China's manufacturing sector and as turmoil in emerging markets pushed demand for safe-haven assets higher. The Euro traded at $1.3683 after rising by 1.1% on Thursday, the Yen was seen at 2-week high of 102.97 per U.S. Dollar and the
Wall Street stocks closed lower on Thursday showing a stuttering start to the new year after recording a rally of 30% in 2013 after the benchmark indexes inched lower for the third successive day. The Standard & Poor's 500 Index lost 0.9%, while the Dow Jones industrial average slipped 1.1% and U.S. 10-year yields dropped to 2.7589%.
The majority of Asian shares dipped on Friday trading session falling towards the lowest level in over four months extending previous day's declines after a government report showed disappointing manufacturing data from China and as emerging-market commodities fell. The MSCI broadest Asia-Pacific gauge outside Japan lost 0.8% after sliding 1.3% yesterday.
Microsoft Corp., the leading software-developing company in the world, posted a higher-than-expected revenues and net profit for the last quarter of the previous year, as the company earned $6.56 billion, up from $6.38 in Q4 of 2012. Total revenues increased 14% to $24.52 billion. Yesterday, Microsoft Corp. equities added 0.35% to $36.06 per share during the trading session in New
Prime Minister of the U.K. David Cameron will today make an announcement and call small and medium British companies for bringing their manufacturing business back to the U.K, pointing on the smaller energy costs and lower taxes. Statistical data shows that since 2011 one in ten small and medium U.K. companies have already returned manufacturing to the country, creating 1,500
Starbucks Corp., the biggest coffee-shop chain in the world, posted a rise in sales for the last quarter of the previous year, but the total revenue did not reach the analysts' estimates. Sales added 12% to $4.24 billion, as experts predicted it to hit $4.29 billion. Net income in Q4 was $540.7 million. Yesterday, Starbucks Corp. shares declined 0.3% to
New Zealand economy shows active signs of improving, as spending using credit cards increases, which is a good indicator for measuring consumer sentiment in the country. In December of 2013 spending rose 1.2% on a monthly basis after a 3.5% advance in November, reaching NZ$3.495. At the same time, on the annual basis spending surged as much as 4.7%.
The sovereign credit rating of Germany was confirmed by one of the main rating agencies Fitch, keeping the rating at AAA level and maintaining a stable outlook. Experts from Fitch point on the declining government debt of the country, while the budget deficit in 2013 will not likely exceed 0.1% of GDP. Moreover, on January 10 the S&P rating agency
U.S. shares dropped, making it the first decline for the benchmark Standard & Poor's 500 Index in three days, as China's manufacturing data disappointed. The S&P 500 retreated 0.8% to 1,829.44 as of 10:06 a.m. New York time, while the Dow Jones Industrial Average fell 1% to 16,213.69, making it a third straight day of losses and that sent the
U.K. shares retreated as investors speculated on importance of manufacturing report that indicated on contraction in China and increase in the Eurozone. The FTSE 100 Index slipped 0.1% to 6,819.15 as of 1:35 London time; however, the equity-benchmark has advanced 1% this year. The FTSE All-Share Index slid 0.1%, while Ireland's ISEQ Index fell less than 0.1%.
West Texas Intermediate crude almost reached its highest level in almost a month ahead of weekly U.S. supply data on signs that the economy among developed countries is gaining momentum. WTI for March settlement gained 37 cents and was trading at $97.10 a barrel in New York at 1:09 p.m. in London. Brent for March delivery traded 22 cents lower
The British currency advanced to the highest level in approximately two and a half years versus the U.S. Dollar on speculation that Bank of England officials will increase interest rates sooner than expected. The Sterling gained 0.2% to $1.6601 at 12:21 p.m. in London, after reaching $1.6616. The Pound slid 0.5% to 82.12 pence per Euro after climbing to 81.68
Eurozone's currency rose the most in approximately three months versus the greenback as region's manufacturing expanded to the highest level in almost three years. The 18-nation currency added 0.6% to $1.3628 as of 11:50 a.m. in London, the biggest climb since October 22. The shared currency appreciated 0.3% to 132.03 Japanese Yen, while Japan's currency advanced 0.3% to 104.19 per