Intel Corp. expects its January-March quarter revenue to differ in a negative way in comparison with some analysts' more positive predictions, as PC sales in Asia plummet. Intel as microchips' producer depends on PC sales very much. On average, revenue is forecasted to reach $12.8 billion. Today, Intel Corp. equities' futures are crashing 4.48% to $25.25 per share in New
UBS AG, the largest bank in Switzerland, announced a 10% increase in bonuses for its bankers in Asian branch, as year 2013 revenues surged on high-yield bonds' and stocks' sales. On average, company's bankers receive $2.5 million in salary plus bonus, while almost 60% of the bonus they get in stock options. Today, UBS AG shares are rising 0.37% to
German shares increased on Friday session with the local benchmark index DAX heading towards the largest weekly increase in four weeks before a government report showed that housing starts in the U.S. fell and industrial production rose. The DAX Index advanced 0.2% to 9,735.84 as of 10:06 a.m. Frankfurt time and it has added 2.8% this week.
Import and producer prices in Switzerland decreased in line with economists' projections in December, the latest report revealed by the Federal Statistical Office revealed on Friday. According to the report, the country's import and producer price index slipped 0.4% on an annual basis in December, while on a sequential basis the index remained flat.
The Treasury of the United Kingdom would like to see a minimum wage increase, which would be higher than inflation level in the country, as the current opposite situation decreases the standard of living in the country. Since 2007 wages, on average, added 14% comparing with a 22% advance in prices. By such actions, the U.K. Conservative government plans to
The British Pound weakened on Friday trading session falling for the third straight day against the U.S. Dollar before a government report showed that retail sales in the United Kingdom advanced at a slower rate in December signaling that the country's recovery is easing. The Pound fell 0.2% to $1.6315 as of 9:04 a.m. in London.
Gold slightly declined on Friday session and was set to end its series of weekly gains amid speculation that the Federal Reserve may continue to taper off as economic data signaled that the economy is improving. Bullion for delivery in January shed from yesterday's level of $1,242.39 an ounce and was last seen at $1,242.23 as of 9:28 a.m. Singapore
The economic growth in China in 2014 will probably be even slower than in the previous year, as foreign investment in country's manufacturing sector declines. Moreover, the overcapacity in this sector of China's economy puts additional negative pressure on the growth. As it is expected, economy added 7.6% in Q4 of 2013, while the median forecast for this year is
The Standard & Poor's rating agency decided to remove the Portuguese sovereign credit rating from the status of being revised in the nearest future, meaning that the risk of rating's change is falling. It is worth pointing out that the country plans to exit the EU bailout program. Therefore, the long-term BB rating will be most likely kept for a
Germany's government bunds advanced on Friday session heading for the third weekly increase after the rating agency Standard & Poor's removed debt rating of Portugal from creditwatch affirming the BB rating, while Netherland's top grade was retained at AAA. The benchmark 10-year yields dropped one basis point to 1.77% by 7:23 a.m. in London.
Emerging-market shares rose on Friday with the benchmark region's index heading for a weekly gain mainly due to an increase of technology companies as Neway Valve added 43% on its debut on China's stock exchange. The MSCI Emerging Markets Index gained 0.1% to 975.60 by 2:08 p.m. Honk Kong time extending the weekly advance to 0.6%.
The European benchmark crude Brent slipped on Friday trading session after a report released by the Organization of Petroleum Exporting Countries showed that the area's production declined by 20,000 barrels per day in December. Brent for settlement in March fell one cent to a level of $105.74 a barrel on the London's ICE Futures Europe exchange.
The U.S. Dollar increased on Friday rising against the 18-nation bloc currency and was set to record the largest weekly gain versus its major peers in a two-month period before the Richmond's Federal Reserve President testifies today. The Greenback last traded at $1.3619 a Euro and it advanced this week by 0.4%, while it traded at 104.34 yen.
The majority of European shares increased on Friday with the local benchmark index heading towards its second weekly gain before a reports from the U.S. showed that the world's largest economy is improving. The Stoxx Europe 600 Index gained 0.2% to 334.76 as of 8:11 a.m. London time with three stocks rising for every one falling.
West Texas Intermediate oil advanced on Friday heading for its first weekly increase since December on speculation that incoming manufacturing and labour market data today may signal that the economy gained its momentum. WTI for delivery next month rose 31 cents to $94.27 per barrel on the NYMEX as of 3:45 p.m. Singapore time.
Consumer confidence in the Asia's second largest economy declined surprisingly in the month of December, a report published by the Cabinet Office showed on Friday. According to the report, the Japanese consumer confidence index decreased from November's level of 42.5 to 41.3 in the following month, while it was forecast to grow to 43.
The Australian currency weakened on Friday falling against the U.S. Dollar and the Japanese Yen after data from the labour market showed unfavourable results pushing the Aussie towards the lowest level in three-and-a-half year. The Australian Dollar shed 0.2% to $0.8804 after slipping 1% yesterday, while it slid 0.2% to 91.78 yen and it traded at A$1.5460 per Euro.
The U.S. currency declined on Friday falling against the majority of its most-traded peers after a report showed that consumer price inflation missed the Federal Reserve's target suggesting that it may keep the rates low. The U.S. Dollar index measuring its performance against basket of major currencies lost 0.1% and was last seen at 80.93.
Wall Street shares closed lower on Thursday trading session with the benchmark indexes Standard & Poor's 500 and the Dow Jones falling from their record highs reached the session before as banks from Goldman Sachs to Citigroup showed disappointment reports. The Dow Jones industrial average shed 0.39% to 16,417.01, the S&P 500 Index lost 0.13% to 1,845.89 and the Nasdaq
Asian stocks rebounded on Friday trading session rising from their recent lows after shares on Wall Street declined amid speculation that economic data released today may signal that the world's largest economy is improving. The MSCI broadest Asia-Pacific gauge outside Japan swung between gains and losses with falling 0.2% and erasing this loss later on the session, while the Australian
First-time claims for unemployment benefits in the world's largest economy recorded a notable decline in the week ended on January 11 and dropped to the lowest level in four weeks, a report published by the Labor Department showed on Thursday. The U.S. jobless claims slipped by 2,000 from 328,000 to a level of 326,000 last week.
U.K. shares fluctuated on Thursday trading session led by miming companies offsetting decrease in Vodafone Group Plc. As the local benchmark index FTSE 100 reaching the strongest level since May yesterday. The FTSE 100 Index traded at 6,819.57 as of 10:54 a.m. London time and it surged 1.9% in the last four sessions as the U.S. jobless rate declined.
The British Sterling weakened on Thursday session falling for the first time in a three0day period against the Euro after the economic surprise index released by Citigroup Inc. dropped to the weakest level in six weeks. The Pound fell 0.2% to $1.6334 as of 12:45 p.m. in London following a slide to #1.6315, the least since December 25, and it
Natural gas futures traded in New York rose on Thursday trading session rebounding from yesterday's decline on speculation that inventories in the U.S. dropped the most all-time as arctic weather hit the U.S. last week. Natural gas for February settlement increased 2.8% to $4.445 a million British thermal units on the NYMEX.