Japanese stocks advanced on Tuesday trading session led by exporting companies after the Bank of Japan started its two-day policy meeting and as investors awaited for an result of the meeting as the corporate tax rate may be cut. The region's benchmark index gained 0.2% to 1,295.95 in Tokyo, while the Nikkei 225 Index surged 1% to 15,795.96.
Jobless rate in Finland advanced on an annual basis in the last month of 2013 rising more than economists originally forecast, the latest figures published by the Statistics Finland showed on Tuesday. According to the report, Finland's unemployment rate jumped 7.9% in December after rising 6.9% in the same month of 2012, when the total number of people without job
Inflation measure as consumer price index in New Zealand increased on a sequential basis in the last quarter of 2013 rising above economists' expectations and suggesting that the Reserve Back may raise interest rates soon, the Statistics New Zealand reported on Tuesday. The country's consumer price index added 0.1% in the Q4 compared to a 0.9% drop initially forecast.
A leading economic index in South Africa decreased on a monthly basis in November mainly due to a drop in the 6-month real money supply growth rate and residential building plans, a report published by the South African Reserve Back showed on Tuesday. According to the report, the country's leading index fell 0.2% on the month, while the composite coincidence
The New Zealand's currency advanced on Tuesday trading session after a report showed that the country's inflation increase by more than economists originally expected last month suggesting that the Reserve Bank may raise interest rates soon. The so-called Kiwi traded at $0.8324 as the central bank may lift rates on the next week's policy meeting.
Swiss Franc watchers are divided on the date when the Swiss National Bank lifts the ceiling on the country's currency, a survey published by the Bloomberg News showed on Tuesday. According to the survey, 7 out of 20 economists predict that the 1.20 francs a euro cap may be raised in 2015, while another seven sees the central bank lifting
The British Sterling strengthened on Tuesday rising towards the highest level in two weeks against the euro-area currency before a report showed that business confidence in the United Kingdom jumped to the strongest level in twenty years in November-January quarter. The Pound added 0.1% to 82.44 pence a Euro by 7:43 a.m. in London.
The U.S. currency held firm against the Japanese Yen on Tuesday and it is approaching a possible resistance level at 104.92 yen after the U.S. Federal Reserve signaled that it may cut its bond-purchasing program further on a policy meeting next week. The so-called Greenback added 0.5% to 104.65 yen and traded close to its one-week high reached on January
The majority of Asian stocks increased on Tuesday trading session led by Japanese equities and as money rates in China eased after economic data from the U.S. signaled that the Federal Reserve may trim its stimulus as soon as next week. The MSCI Asia-Pacific gauge outside Japan advanced 0.5% as the benchmark Japan's stock index Nikkei 225 added 1.5%.
German shares slipped, after the benchmark DAX Index had its biggest one-week climb in approximately a month, as Deutsche Bank AG fell after posting its quarterly report that missed the expectations. The DAX slid 0.4% to 9,708.86 as of 2:10 p.m. Frankfurt time; however, it advanced 2.9% past week as the World Bank raised its global growth forecast.
Vacant job in the U.S. rose to a five-year high in November, as the labor market gained before the deceleration in the last month of 2013. The number of job openings rose by 70,000 reaching 4 million, the highest level in five years, comparing with October's 3.93 million revise. The faster is a hiring pace, the more income gains that is needed to enhance consumer
Malaysia's Ringgit declined to the weakest level in four month since Chinese data, the state's biggest export market, showed the deceleration. The Ringgit depreciated 0.4% to 3.3090 against the U.S. Dollar from January 16 at 10:15 a.m. after touching 3.3135, the lowest level in four months. The Ringgit also dropped against most of its 11 Asia's traded peers.
Emerging-market shares dropped for a third straight day after China's factory output and business spending missed estimates. The MSCI Emerging Markets Index slid 0.3% to 969.88 as of 4:03 p.m. Hong Kong time and it is set for the lowest level since January 9. The equity-benchmark has retreated 3.3%, while the MSCI World Index has fallen 0.3% this year to
The U.S. Dollar advanced to the highest level in eight weeks versus the 18-nation currency on speculation that the Fed will keep scaling back its stimulus as nation's economy improves. The greenback added 0.1% to $1.3557 per Euro at 9:46 a.m. London time, after strengthening to $1.3508, the highest level since November 25. The Dollar traded at 104.19 Yen after
New property sales in China continued to surge during the last year, as prices rose mostly in big cities amid absence of more strict property regulations on the national level. The total value of bought homes increased 27% in 2013, reaching $1.1 trillion. Concerning December, prices in Shenzhen and Guangzhou added 20% annually, in Shanghai they rose 18%, but in
The British currency gained to the highest level in one week against the shared currency after U.K. housing data indicated that the prices grew this month. The Sterling traded at 82.43 pence per Euro at 10:45 a.m. in London, after reaching 82.33 pence, the highest level since January 9. U.K currency was little changed at $1.5447, after touching $1.6424 at
The Aussie added from 3 1/2-year low when the data in China showed growth that was more than the medium forecast. Australia's currency was almost unchanged at 87.79 U.S. cents yesterday at 4:44 p.m. in Sydney after hitting 87.57, the lowest since July 2010, due to Chinese GDP expanding 7.7% in the October and December compared with the previous year. The kiwi slipped 0.1% to
The sovereign credit rating of Ireland was increased by one of the main rating agencies, Moody's, as the country successfully exited the EU bailout program. Therefore, the rating raised from Ba1 to Baa3 became the investment grade. The outlook became positive as well. It is worth pointing out that Moody's had decreased to country's credit rating for five times during
Number of job vacancies in the financial capital of the Western Europe declined in the last month of 2013, as banks struggle with high regulatory costs and penalties related to them. Totally, the biggest banks that work in the City paid about $77 billion as legal costs since 2008. Therefore, banks decrease recruiting, as free vacancies lost 42% in December
Platinum traded in New York increased on Monday trading session amid speculation that the South African largest suppliers of the precious metal may start a labour strike starting on January 23 pushing the prices higher. Platinum for immediate delivery gained 0.7% to $1,463.28 an ounce, the strongest level since November 7, while an ounce of platinum buys 1.1656 gold ounces.
Gold increased on Monday rallying towards the strongest level in nearly six weeks amid signs that demand of holdings for exchange-traded products backed by the precious metal rose at the fastest pace since 2011. Bullion for delivery this month gained 0.5% to $1,260.07 an ounce, the most since December 11, and was last traded at $1,255.88 as of 3:10 p.m.
Natural gas futures trade in New York declined of the second straight day on Monday amid speculation that mild weather in the U.S. may reduce demand for the commodity. Natural gas for settlement in February declined 2.8% to $4.203 a British thermal units on the NYMEX and was last seen at $4.270 as of 2:40 p.m. in Singapore.
Deutsche Bank AG, the largest investment bank in Germany, reported an unexpected loss for the last quarter of the previous year, as accounting charges and legal costs exceeded estimates. The pretax loss stood at 1.15 billion euro, while the average prediction of economists was a 628.5 billion euro profit. Today, Deutsche Bank AG shares are losing 1.76% to 37.74 euro
The European benchmark Brent crude lost on Monday trading session increasing the WTI-Brent premium from $11.89 recorded on January 17 to $12.42 today after a report showed that the world's second largest oil consumer, China, recorded slower economic growth in the Q4. Brent for settlement in March slipped 26 cents ti $106.22 per barrel on the London's ICE exchange.