Asia's shares advanced on Wednesday snapping a four-day losing streak on the local benchmark index after the Japanese currency weakened versus the U.S. Dollar together with the country's stocks rising amid carmakers. The MSCI Asia Pacific Index added 0.3% to 141.37 at 2:32 p.m. Hong Kong time, while the Japan's Topix index climbed 0.8%.
U.S. Treasuries swung between gains and losses on Wednesday as demand for companies' bonds reached the highest level in a six-year period as the Federal Reserve signalled it may scale back its stimulus spurring investors to take profits from the market. The benchmark 10-year yields traded at 2.67% by 1:52 p.m. Tokyo time.
The Japanese Yen declined on Wednesday falling against the 17-nation bloc currency as increase in the country's shares spurred risk appetite of investors pushing the Japanese currency down and as Toyota Motor Corp is likely to raise its profit forecast. The Yen slipped to 133.41 per Euro traded near the lowest level in a month at 132.37, while it traded
Equities on Wall Street closed lower on Tuesday after rising in last two trading sessions after a government data showed an improvement in economic situation in the country signalling a release of tight monetary policy over the next few months. The Dow Jones Industrial average fell 0.13% to 15,618.22, the S&P 500 Index slipped 0.28% to 1,762.97 and the Nasdaq
The majority of Asian stocks increased modestly on Wednesday with the Japanese benchmark gauge rising mainly due to a 1.3% advance recorded by major carmaker Toyota as investors expect the U.S. Fed to taper off and as Euro-area data showed unfavourable results. The Japan's Nikkei Index gained 1.3% after Toyota's report about raising its profit forecast.
The ISM non-manufacturing index for the U.S. rose to 55.4 points in October of this year, while the majority of analysts expected the index to fall to 53.9 points from 54.4 points in September. The index reading above 50 points indicates expansion. It is worth pointing out that the index measures the activity in 90% of the U.S. economy, as
Apple Inc., the most valuable technological company in the world, plans to build a new manufacturing facility in the city of Mesa, Arizona with more than 2,000 new jobs. There, the company plans to produce components for cameras' lenses and "home" buttons that are used on iPhones and iPads. Today, Apple Inc. shares are losing 0.1% to $526.20 per share
According to the data of the Swiss Federal Statistical Office, the consumer price index in the country decreased 0.1% in October of this year on a monthly basis after being flat in September. Economists predicted the inflation to add 0.1% in October. At the same time, the annual deflation reached as much as 0.3% and the pace of decline increased
Economic growth in the United Kingdom will increase to 1.3% during the current year, while the next year the economy will add as much as 2.2% and 2.4% in 2015. Such the outlook was given by the European Commission on Tuesday. It is worth pointing out that the British economy advanced only 0.1% in 2012. Economists say that the economic
The ICE Dollar index dropped to 80.577 from Monday's figure of 80.606, while WSJ Dollar index declined to 72.81 from prior 72.89, after European Commission cut its GDP forecast for the year 2014 to 1.1% from previous expectation of 1.2% and increased the forecast for unemployment rate to 12.2% from 12.1%. The greenback traded at 0.7423 Euro.
The European Union's GDP is estimated to stay at current level in 2013 and may decline by 0.4% in Eurozone, according to EC autumn forecast. In 2014 the economic performance in E.U. is expected to grow by 1.4% and by 1.1% in Eurozone, while the figures forecasted for the year 2015 are a little bit more optimistic and will correspond
U.K. services activity index unexpectedly rocketed to 62.5, comparing to September's figure of 60.3, heading for fastest growth since May 1997, Markit Economics revealed today, while the construction and manufacturing indexes also advanced in previous month. The Britain's economic output will grow 1.3% this year and 2.2% in 2014, the E.U. Commission said today.
S&P 500 futures maturing in December dropped 0.3% to 1,757.6 as of 7:29 a.m. in New York, ahead of service industry report coming out this week, which will show the U.S. economic performance after Fed required some more evidence of improvement before tapering monetary stimulus. Dow Jones Industrial Average contracts dropped 0.3% to 15,522, while LeapFrog Enterprises Inc. declined 9.1%.
Premier of China Li Keqiang said in conversation with All-China Federation of Trade Unions on October 21, that China's economy has to grow 7.2% a year to create 10 million new working places annually and keep the urban unemployment rate at about 4%. Meanwhile, Chinese service sector activity index advanced to 52.6 compared to 52.4 in September, indicating on
The Japanese Yen advanced against most of its 16 major counterparts. The Yen appreciated 0.3% against the Europe's common currency, before the President of European Central Bank, Mario Draghi today speaks ahead the monetary policy meeting. The Yen advanced 0.2% versus the greenback, before the U.S. reports that might show slower pace of economic growth and smaller gains for employment.
The Sterling traded at $1.5959 at 7:37 a.m. in London, following a 0.3% increase on Monday, as Markit Economics indicator of U.K. construction industry advanced the most in six years, Markit Economics said. GDP is estimated to grow 1.4% this year and 2% in 2014, according to London-bases Niesr today's data. One Euro buys 84.56 pence.
The United Arab Emirates non-private sector expanded in October, however, the rate of increase eased from the previous month, a report published by the Markit Economics revealed on Tuesday. The UAE private sector slipped from a level if 56.6 in September to 56.3 recorded in the following month indicating growth in the sector with the reading above 50.
Private sector in India recorded a modest increase in October with the gauge measuring the activity staying below a level of 50 for the fourth successive month signalling contraction in the sector, a survey published by Markit Economics revealed on Tuesday. India's HSBC composite output index advanced from 46.1 in September to 47.5 in the following month.
European shares increased on Tuesday pushing the benchmark index Stoxx Europe 600 towards the strongest level in five years as BMW recorded higher profits that forecast and before a report was released showing an economic outlook of the European Union. Stoxx Europe 50 Index with settlement in December gained 0.3% to 3,059 as of 7:11 a.m. London time.
Emerging-market shares declined on Tuesday and were poised to record the longest losing streak in a five-week period mainly due to a fall of Indian stocks and as China's lenders shrank amid concerns that government may cut industrial overcapacity curbing earnings. The MSCI Emerging Markets Index slipped 0.3% to 1,023.89 as of 2:47 p.m. Hong Kong time.
Twitter Inc. is likely to price its initial price offering at a higher valuation than initially expected making it more expensive than its rival with 5 times as many users, Facebook. The microblogging company Twitter increased its IPO to $23 to $25 a share making a top of the range market capitalization of $13.6 billion valuating the company 11.8 times
South Korean bonds declined on Tuesday falling for a fourth session and pushing yields due in 2016 towards the highest level in three weeks amid concerns that emerging-market demand may be reduced by the Federal Reserve decision to scale back its stimulus. The government's 2.75% bonds due June 2016 jumped two basis points to 2.89%, the most since October 14.
German government bund fluctuated on Tuesday before a report showed that producer prices in the 17-nation bloc declined in the month of September and as the country is set to auction five-year notes totaling 4 billion euros tomorrow. German 10-year government bunds yielded at 1.68% as of 7:11 a.m. in London after the rates dropped to the weakest level since
The number of jobless registered in October advanced by 87,000, following the 25,600 increase a month earlier, Spanish Employment Ministry data revealed on Tuesday. That makes 4,811,383 unemployed in total, which is the biggest number of jobless since May. The Spanish unemployment rate reached 26.6% in September, remaining the second- highest among Eurozone, last week data showed.