German government bonds and U.S. Treasuries declined on Tuesday on concerns that recent positive reports from the world's largest economy may add to speculation Fed scales back its stimulus sooner than forecast damping demand for bunds. German benchmark 19-year yields advanced three basis points to 1.78% as of 8:34 a.m. in London, the most since October 23.
The Australian Dollar slipped on Tuesday falling towards the lowest level in six weeks together with a drop of government bonds as investors weighed for growth prospects in China, the country's largest trading partner, before a 4-day policy meeting of Communist Party. The so-called Aussie fell 0.3% to 93.36 U.S. cents by 5:09 p.m. Sydney time after reaching the lowest
The British Sterling dipped on Tuesday falling for the third straight session against the U.S. Dollar before a government report showed that the United Kingdom inflation increased at a slower rate than last month. The Pound slipped 0.1% to $1.5968 as of 7:35 a.m. in London following a drop to $1.5951, the least since November 5, and it traded at
The Canadian currency increased on Tuesday rising versus the majority of its most-traded peers after reports from Canada and the U.S. signaled that the North America economy may expand faster than the rest of the world. The so-called Loonie fluctuated at C$1.0476 per U.S. Dollar as of 5:00 p.m. Toronto time, while one Canada's Dollar buys 95.46 U.S. cents.
South Korea's currency increased on Tuesday snapping a three-day decline amid speculation the recent Won drop was used by exporters to repatriate sales proceed and as the country's government bonds stayed flat. The Won jumped 0.1% to 1,071.45 per U.S. Dollar Seoul time following a decreased to the lowest level since October 14 at 1,072.53 yesterday.
Trade deficit of Portugal decreased in July-September quarter of this year, reaching 2.663 billion euro against 2.801 billion euro in the previous year. Exports added 5.8% on the annual basis, while imports advanced 3.6%. Trade with EU countries, in turn, increased to 2.019 billion euro. At the same time, for the first nine months of 2013 exports jumped 4% with
Consumer sentiment in Japan declined the most since the earthquake of 2011 in October of the current year, while the benchmark index dropped to 41.2 points from 45.4 in September. Analysts, in turn, expected the indicator to add 0.9 points to 46.3. Economists say that despite the monetary and economy stimulus, the government should make more efforts to keep the
The consumer price index in the largest economy of the Eurozone declined 0.2% in October of the current year on a monthly basis, while the annual inflation reached 1.2% versus 1.4% in September. Last time the lower inflation was seen in August 2010. The decrease of the CPI was influenced by energy and heating oil prices. Excluding them, the annual
The sovereign long-term credit rating of Cyprus was confirmed by the Fitch rating agency at the previous level of B-, while the rating in the local currency was affirmed at CCC. At the same time, the ratings' outlooks remained negative. However, Fitch points on the positive implementation of the IMF/EU bailout program. Cyprus economy is expected to shrink 7% this
Business confidence in Australia recorded a steep decline in the month of October as companies outlined their plans in an environment with weak operating conditions and changed political climate, a survey published by the National Australian Bank showed on Tuesday. Australia's business confidence index slipped from a level of 12 points to 5 in October.
China's equities advanced on Tuesday as liquor and shipping companies increased, while oil-equipment stocks tumbled and as Communist Party outlines its economic agenda for the next decade on this week's four-day policy meeting. The Shanghai composite Index jumped 0.5% to 2,119.18 by 1:06 p.m., the CSI 300 Index gained 0.6% to 2,329.60 and the Hang Seng China Enterprises Index fell
The European benchmark Brent crude slipped on Tuesday after a report showed that crude stockpiles advanced to 385.9 million barrels a week, the most since June 21, while gasoline inventories dipped by 500,000 barrels recording the fifth weekly drop. December Brent futures traded 28 cents lower at $106.12 a barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate crude declined on Tuesday falling from the highest level recorded this month on speculation that inventories in the world's largest consumer, U.S., advanced to the strongest level since June. December WTI futures slipped 34 cents to $94.80 a barrel on the NYMEX while the prices were at $98.84 as of 12:56 p.m. in Sydney.
Emerging-market shares swung between gains and losses on Tuesday as technology stocks advanced for the first time in a seven-day period led by Samsung Electronics Co. and as energy producers and phone companies tumbled. The MSCI Emerging Markets Index fluctuated at 992.77 by 12:50 p.m. Hong Kong time and it has fallen 5.8% this year.
The Japanese Yen declined on Tuesday falling against its U.S. counterpart and the Euro as the gap between the country's 30-year bonds and U.S. bonds with the same maturity widened the most in two years amid favourable data from the U.S. showing economic improvement. The Yen slipped 0.4% to 99.57 per U.S. Dollar and it decreased 0.3% to 133.34 per
The U.S. Dollar advanced on Tuesday rising towards the strongest level in a seven-week period versus the Japanese Yen amid speculation that last week's economic data may push Fed to taper off its stimulus sooner than forecast. The U.S. Dollar strengthened to 99.59 Yen, the most since September 20, while it was last traded 0.4% higher at 99.55.
Stocks traded on Wall Street inched up on Monday pushing the benchmark index Dow Jones towards its new all-time high as investors turned their attention on the Federal Reserve and its possible scale back amid favourable economic data. The Dow Jones Industrial average added 0.14% to 15,783.10, the Standard & Poor's 500 Index gained 0.07% to 1,771.89 and the Nasdaq
Asia's equities declined on Tuesday prolonging its losing streak to four days before a policy meeting of the Chinese Communists Party giving a clue of the next decade's economic agenda of the country. The MSCI broadest Asia-Pacific gauge outside Japan slipped 0.1%, while the Honk Kong's HIS gauge dipped 0.8% after the new banking lending in China hit a 10-month
U.K. shares gained for a second straight day, with the regional benchmark FTSE 100 Index bouncing off from its last week's decline, as investors speculated on Chinese industrial-output data. The FTSE 100 added 0.3% to 6,731.38 as of 3:19 p.m. London time; however, the equity-benchmark dropped 0.4% previous week. The FTSE All-Share Index rose 0.4%, while Ireland's ISEQ Index increased
U.S. shares swung, after longest weekly climb since February, as retailer earnings data were awaited by investors. The Standard & Poor's 500 Index added 0.1% to 1,772.30 as of 10:07 a.m. New York time, while the Dow Jones Industrial Average rose 0.1% to 15,779.89, prolonging its record high. The S&P 500 advanced 0.5% previous week, making it the fifth straight
Canada's Dollar appreciated versus majority of its most-traded counterparts after last week's U.S. and Canada's data that indicated on regions growth. The Canadian currency gained 0.1% to C$1.0470 per U.S. Dollar as of 7:53 a.m. Toronto time. Past week U.S. GDP, Canadian housing starts and employment data in both countries topped economists' forecast.
Industrial production in Italy accelerated for the first time in a three-month period in September with the rate of growth slightly exceeding initial forecast, a report released by the statistical office Istat revealed on Monday. Italy's industrial output gained 0.2% on a sequential basis following a 0.2% drop in the month before, while it was expected to rise 0.1% on
Corn increased on Monday rising towards the strongest level in more than a seven-day period after a government data predict harvest in the U.S., the world's largest exporter and grower, gain less than initially expected. December corn futures jumped 0.9% to $4.3075 a bushel on the CBOT, the most since October 31, while the prices were at $4.29 as of
Gold declined on Monday falling for the third straight session towards the lowest level in three weeks after a government data showed that payrolls in the U.S. advanced more than forecast raising speculations that Fed may reduce its monetary easing. Bullion for delivery in November fell 0.4% to $1,288.28 an ounce and traded at $1,287.03 as of 11:57 a.m. Singapore