Copper slipped on Monday leading drops in industrial metals as it fell for a third day after Asian shares shrank amid speculation that the Federal Reserve may scale back its stimulus sooner than forecast. The metal for settlement in February slid 0.7% to $7,197 a metric ton following a 0.3% increase recorded earlier on the session, while it traded at
The Australian Dollar increased on Monday recording its largest climb in a two-week period after a government report revealed that retail sales in the country accelerated at the fastest rate in seven months signaling no further rate cuts by the RBA. The so-called Aussie added 0.5% to 94.88 U.S. cents as of 5:02 p.m. Sydney time, while the Kiwi Dollar
Emerging-market equities declined on Monday pushing the benchmark index towards the weakest level in three weeks as protests against the local government in Thailand dragged down the stock prices and South Korean largest financial company dropped for a fourth day. The MSCI Emerging Markets Index slipped 0.2% to 1,026.01 at 2:07 p.m. Hong Kong time.
South Korean and Thai stocks led falls in Asian gauge measuring performance of local equities amid speculation that the Federal Reserve may start tapering off its stimulus program sooner than expected as the economy is improving. Thailand's SET Index decreased 2.2% falling to a five week low, while the South Korean Kospi Index tumbled 0.5% to the weakest level in
Brent crude traded in London increased on Monday after a government report showed that service sector business activity in the world's second largest economy, China, accelerated to the highest level in 2013. Brent for delivery in December jumped 0.5% to $106.39 a barrel on the London's Futures Europe Exchange, while the crude's premium was at $11.57 to WTI.
West Texas Intermediate crude slipped on Monday and traded close to a four-month low after it declined 3.3% last week recording the largest drop since June on concerns that stockpiles on the world's largest consumer, U.S., are sufficient. WTI for delivery in December fell 0.5% to $106.39 a barrel on London's ICE Futures Europe Exchange.
The 17-nation bloc currency declined on Monday falling to the weakest level in six weeks after it recorded the largest drop in more than a year last week amid speculation that the European Central Bank may cut its benchmark interest rate on this week's policy meeting. The Euro traded 0.1% lower at $1.3478 after it dropped to $1.3442, the least
Asian equities traded lower on Monday as investors awaited result of a policy meeting of the European Central Bank and before a government report showed that payrolls in the U.S. declined last week. The MSCI Asia-Pacific index outside Japan was little changed at 478.58, while Australian gauge slipped 0.4% and South Korean index slid 0.6%.
Asian non-manufacturing index from China to South Korea strengthened on signs of economic recovery. China's PMI advanced to eighteen-month high and reached 55.4 point, comparing to 51.4 in September, surpassing economists' expectations, while GDP is estimated to grow 7.6% this year. Taiwan's PMI increased to 53 and Japan PMI rose to 54.2. High demand was also fueled by Fed monetary
The Pound depreciated 0.7% to $1.5933 as of 3:17 p.m. in London, following 1.4% decline this week versus the greenback, as signs of U.S. economic recovery provoked speculation the Fed will have to taper its monetary stimulus that lowers the currency value. Despite the fact that U.K. economy gradually expanding as well, it has no significant impact on the Pound's
Manufacturing sector in Greece continued to decline in October with a faster pace of contraction than in the month before, the latest report published by the Markit Economics revealed on Friday. According to the report, Greek purchasing managers' index fell from 47.5 in September to 47.3 recorded in October, while reading below 50 signal contraction.
Manufacturing activity in the United Kingdom accelerated in the month of October mainly due to a notable increase in domestic demand and exports suggesting that the country's economy is improving, a report published by the Markit Economics revealed on Friday. The report showed that the purchasing managers' index recorded a level of 56 staying above 50 signalling expansion in the
Swiss factory growth eased by more than economists originally expected in the month of October after the gauge measuring activity of managers in the sector advanced in previous months, the Credit Suisse reported on Friday. According to the report, the purchasing managers' index declined from 55.3 in September to 54.2 recorded in the following month.
European shares swung between gains and losses on Friday as equities were set to record a fourth weekly increase after a government data in the U.S. and China showed an unexpected improvement in manufacturing. The benchmark index Stoxx 600 Europe advanced 0.1% to 322.82 as of 2:10 p.m. London time and it has expanded 0.9% this week.
Asian currencies slipped on Friday ending a four-week long streak of gains amid speculation that the Federal Reserve may taper off its stimulus program sooner than expected on positive economic data in manufacturing. The Asia Dollar Index fell 0.4% on today's trading session following a 1.2% increase recorded in past four weeks.
German shares fluctuated on Friday as the local benchmark index DAX was set to record its fourth successive weekly increase after a government report showed that the manufacturing sector in the U.S. expanded faster than expected. The DAX fell less than 0.1% to 9,030.38 as of 3:52 Frankfurt time following an increase to the highest level all-time yesterday.
The Canadian currency fluctuated at C$ 1.0435 per greenback as of 10:50 a.m. in Toronto, after it touched C$1.0497 two days earlier, the lowest since September, after Thursday's report showed nation's economic output grew 0.3%, which is 0.2% more than expected, while the economists at CIBC expect GDP to grow 2.5% in this quarter. The loonie traded at 95.83 U.S.
Cocoa traded in London slipped on Friday amid speculation that demand for the commodity declined and on signs of ample supplies as harvest in West Africa accelerated. Cocoa with delivery in March declined 0.9% to 1,688 pounds, or $2,701, a ton as of 9:56 a.m. on the NYSE Liffe in London, while December cocoa futures fell 1.2% to $2,645 a
Manufacturing sector in the world's largest economy surprisingly advanced at a faster pace than economists originally expected in October, a report published by the Institute for Supply Management revealed on Friday. According to the report the ISM purchasing managers index rose from 56.2 in September to 56.4 recorded in the following month.
Manufacturing growth in the world's second largest economy reached the highest level in eighteen months in October as companies increased production suggesting that the nation's economy is improving modestly, a data revealed by the National Bureau of Statistics showed on Friday. The factory PMI gained from 51.1 in September to 51.4 recorded in the following month.
Property inflation in the world's second largest economy accelerated in the month of October raising concerns of a potential real estate bubble in the country, a survey published by real estate services company E-House China showed on Friday. China's new homes prices gained 0.8% on a monthly basis on October, while year-on-year the prices climbed 10.5%.
U.S. Treasuries decreased on Friday pushing the benchmark 10-year yields to the strongest level in more than a seven-day period before a government data showed that manufacturing sector advanced for the fifth successive month suggesting a potential end of stimulus. 10-year bonds yielded at 2.58%, traded 2 basis points lower at 9:33 a.m. in New York, the strongest level since
West Texas Intermediate crude declined on Friday heading for the streak of weekly drops since June 2012 on concerns that stockpiles in the world's largest consumer, U.S., are higher than expected and amid speculation that the ECB may cut interest rates on the next week's policy meeting. WTI for delivery in December slipped 1.1% to $95.30 a barrel as of
Eurozone's government bonds increased on Friday amid speculation that the European Central Bank may cut the benchmark interest rates as early as the next policy meeting taking place next as the 17-nation bloc inflation is shy of target of 2%. Spanish 10-year yields dropped 0.02% to 4.02 after the rates fell to 3.98% yesterday, while German 10-year bunds yielded at