Switzerland's equities gained on Monday rising for the fourth straight session led by Novartis and Transocean Ltd. and as industrial production in the world's second largest economy, China, increased surprisingly last month. The Swiss Market Index advanced 0.4% to 8,271.42 by 9:16 a.m. Zurich time after the benchmark gauge added 0.2% last week on the ECB interest rate cut.
German shares fluctuated on Monday traded close to an all-time high after a government report showed that China's industrial production surprisingly accelerated on the month of October. The benchmark index DAX dropped 0.1% to 9,069.97 as of 9:48 a.m. Frankfurt time after it advanced 0.8% last week as the ECB trimmed its interest rates.
The crude oil prices advanced on Monday after China reported increase in industrial production, and talks between world powers and Iran failed to make a deal on the nuclear programme. The WTI crude oil prices rose 0.08%, while Brent crude advanced 0.43%. The analysts have calculated that the continuing sanctions have removed 1 million barrel from the market in a
The New Zealand's currency surged 0.58% to $0.8286 against the U.S. Dollar, after the New Zealand's second biggest export destination China showed better results in industrial production data, thus adding up to the last weeks gains in export and import levels. Despite the significant gain, the Kiwi is till much weaker compared to last week's level of $0.84.
New car sales in China jumped as much as 24% in October of the current year to 1.61 million cars, as the economy recovery continues. Moreover, the demand for Japanese Toyota and Honda increased 81% and 300%, respectively, due to end of the territorial dispute between two countries. At the same time, analysts expected the car sales in China to
Carlsberg A/S, the largest brewery in Denmark, is planning to acquire two Chinese breweries, which produce the most popular brands of beer in China. Alongside, the Chinese beer market is the biggest in the world, while Carlsberg, worth $15 billion, is the fourth-largest brewery by the output. Today, Carlsberg A/S shares are trading down 1.02% to 582 kronor by 7:10
Crops of rice and sugar were damaged by Typhoon Haiyan cutting through the central area of Philippines raising speculations that rice imports may grow amid shortages and as about 25,000 hectares of sugar are affected in the area. Rice futures dropped 0.6% to $15.60 per 100 pounds traded 6.1% below 19-month high recorded in June, while sugar has fallen 6.6%
Recovery of the Chinese economy has gather momentum with a notable expansion in industrial output and the country's exports offsetting concerns that the ongoing restructuring of economy may slow down the growth, the National Bureau of Statistics showed on Monday. China's industrial production added 10.3% on an annual basis in October after it jumped 10.2% in the month before.
Business situation optimism among small and medium-sized manufacturers in the United Kingdom advanced at the fastest rate since 1988, a survey released by the Confederation of British Industry revealed on Monday. According to the report, new order balance climbed by 17% rising for the first time since July last year driven by domestic and foreign demand.
Brent crude advanced for the second successive session on Monday after the United Nation Security Council, Germany and Iran failed in negotiations over curbs to Iran's nuclear program. Brent for delivery in December increased 63 cents to $105.75 a barrel on the London's ICE Futures Europe exchange and traded at $105.55 as of 12:30 in Singapore.
The Indian currency declined on Monday falling to the lowest level in eight weeks together with benchmark government 10-year bonds rising to the strongest level since August after job data from the U.S. raised concerns that Fed may tapper off soon. India's Rupee dropped 1.2% to 63.25 per U.S. Dollar by 10:32 a.m. Mumbai time following a slip to the
The U.S. Dollar stayed flat on Monday holding a two-week increase against the Japanese Yen before the Federal Reserve representatives give a speech on signs that the U.S. economy is improving after payrolls report showed an improvement. The Greenback traded at 99 Yen by 2:11 p.m. Tokyo time rising 1% on November 8 to a level of 99.05.
China's equities decreased on Monday dropping for the fourth straight session mainly due to a fall of energy and property companies amid concerns that the country's government may introduce measures to reduce rising home prices. The Shanghai Composite Index shed 0.2% to 2,102.09 by 1:12 p.m., the CSI 300 Index fell 0.2% to 2,304.36 and the Hang Seng China Enterprise
Asian stocks declined on Monday falling to the lowest level in four weeks after a government data in the U.S. showed that payrolls rose more than expected in October raising concerns that the Federal Reserve may scale back its stimulus sooner that projected. The MSCI Asia-Pacific gauge outside Japan slid 0.2% to the weakest level since October 11, while Indonesian
According the Bank of Japan data, the total lending of country's banks jumped 2.3% in October of this year, reaching almost 408 trillion yen. The result fully matched economists' expectations. It is worth pointing out that foreign banks' lending surged 8.1% to 2.298 trillion yen in October. Meanwhile, the lending amount in September was revised down from an increase of
The indicator, showing the sentiment in Japanese service sector, decreased to 51.8 points in October of this year from 52.8 points a month earlier. The survey was made by the Cabinet Office of Japan and reported a sentiment's decline in such sectors as hotel and restaurant business, and taxi drivers. At the same time, the economic recovery in Japan is
The amount of approved mortgages in Australia jumped 4.4% in September of the current year, while analysts predicted the indicator to go up 3.5%. Economists from Australian banks say that a decrease of the main interest rate a month earlier resulted in the positive impact for the country's economy. Moreover, analysts point out that the policy of cutting rates may
The surplus of Japanese current account surprisingly climbed to its five-month record level in September of this year, while it reached as much as 587 billion yen, a 14.3% surge from the previous year. At the same time, economists expected the surplus to advance to 401 billion yen. Analysts point on the positive impact from the government's monetary easing policy
McDonald's Corp., the largest fast food restaurant chain in the world, increased its October sales by 0.5%, while some new products raised sales in the U.S. and Europe. The survey included restaurants that are opened at least 13 months. At the same time, economists forecasted the sales to add only 0.2%. McDonald's Corp. shares are now trading down 0.72% to
The amount of money that was spent by U.S. consumers increased only 0.2% in September of the current year, while savings advanced to its highest level during this year amid government Shutdown. Economists, in turn, predicted the spending rise to stay at August level of 0.3%. At the same time, income of U.S. citizens added 0.5%, showing the same pace
Number of new jobs that were added by U.S. employers climbed 204,000 in October of this year, despite the negative predictions due to the recent government Shutdown that took place in the beginning of that month. Moreover, September payrolls jumped 163,000, more than was initially forecasted. For October, in turn, analysts expected the number of new jobs to add only
Canadian economy increased the overall number of jobs by 13,200 in the previous month, while the jobless rate in the country stayed flat at 6.9%. At the same time, analysts expected the unemployment rate to reach 7%. Economists point out that the increase in employment level shows the average situation, while some regions of the country have posted a decrease
German exports jumped 1.7% to 94.7 billion Euros in September, well ahead of expected 0.6% growth, while inbound shipments edged down 1.9%, missing forecast of 0.4% increase, thus creating a record high trade surplus of 20.4 Billion Euros on monthly basis in September, from prior EUR 13.3 Billion in August. The US Treasury, in its report to Congress, blamed Germany
Trade balance in France came in deficit in September as the trade gap widened more than economists initially projected, a report unveiled by the French Customs showed on Friday. France's trade gap increased year-on-year to 5.824 billion euros in September from 5.067 billion euros recorded in the same month last year, while in August it was 5.085 billion euros.