Government bond in the United Kingdom dropped on Thursday snapping its four-day gain after an industry report showed that house prices advanced in October suggesting that the domestic economy is improving. The government benchmark 10-year yields climbed 2 basis points to 2.56% as of 8:53 a.m. in London following a drop to 2.54% yesterday.
Unemployment rate in Italy grew slightly in September despite economists' expectations of a decrease, the latest report revealed by the statistical office Istat showed on Thursday. According to the report the country's jobless rate increased from 12.4 in August to 12.5% in the following month, while initial forecast showed a drop to 12.3%.
Consumer confidence in the United Kingdom recorded a decline in the month of October falling from the highest level in six-years recorded in September, a barometer published by the Gfk unveiled on Thursday. According to the Gfk, the UK's consumer confidence fell from -10 in September to a level of -11 in the following month, while it was predict to
Housing starts in the world's third largest economy increased more than economists originally expected in the month September, at the same time, construction orders gained notably, the Ministry of Land, Infrastructure, Transport and Tourism reported on Thursday. Year-on-year, housing starts in Japan more than doubled from 8.8% in August to 19.4% in September.
The Federal Reserve maintains its aggressive stimulus program totaling $85 billion per month of assets purchased mainly due to a recent partial government shutdown raising concerns about health of the world's largest economy. The Fed's decision to remain its bond-purchasing program matched economists' predictions after disappointing payrolls and inflation data.
Total cash earnings of wage earners' in Japan slightly advanced on an annual basis in September signing that the progress of achieving large increases has been slow to end a 15-year deflation in the country, a report published by the Bank of Japan revealed on Thursday. According to the report, summer time bonus payments in 2013 added 0.3% year-on-year after
The U.S. Dollar fluctuated on Thursday and traded close to the highest level in two weeks against the majority of its most-traded counterparts after the Federal Reserve is set to continue its bond-purchasing program. The U.S. Dollar index slipped 0.1% to 79.704 traded near the strongest level since October 17 at 79.905 where it was seen on Wednesday.
The Japanese gross domestic product growth was revised up for the fiscal year of 2014 starting in April together with raising the inflation target to almost 2% in two years, a report released by the nation's central bank showed on Thursday. According to the report Japan's economic growth is forecast to reach 1.5%, while the core consumer inflation rate is
Asian markets declined on Thursday, while Australian stocks remained steady after a two-day meeting of the Federal Reserve resulting in maintaining the bond-purchasing program until the end of the year at least. The MSCI Asia-Pacific outside Japan slipped 0.6%, the Shanghai Composite Index also slid 0.6% and the Australian gauge held unchanged.
U.K. gilts advanced for fourth straight day, amid speculations the Federal Reserve will maintain its debt-purchase programme until 2014. The ten-year gilts declined four basis points to 2.56% as of 3:08 p.m. in London, the weakest since August 13, while the price for 2.25% security note due in September 2023 advanced £3.75 per £1,000 nominal value, to 97.35.
According to the data of the National Bank of Belgium, economic growth in the country reached 0.3% in July-September of this year on a quarterly basis, while in the second quarter the economy increased 0.2%. Moreover, the economy is now rising for the second consecutive quarter after stagnating in January-March. On the annual basis the economy added 0.4% after a
The U.S. government ten-years bonds slipped one basis point to 2.49% this morning, after touching the lowest level since July, as markets expect Fed's decision on monetary stimulus in nearest future, which is most likely will delay tapering debt-purchase programme until the next year. Meanwhile, seven-year notes declined around one basis point to 1.863%, the three-month low.
According to the new weekly data from the U.S. Energy Ministry, oil inventories in the country jumped 4.1 million barrels during the last week, which ended on October 25. Analysts forecasted a much lower increase in inventories of 1.9 million barrels. At the same time, a rise in inventories slowed from the previous week. Following the data release, WTI price
Consumer price index in the United States increased only 0.2% in September of this year, while the annual inflation stood at 1.2%, being the lowest since April. Excluding the prices' rise on energy and food, the inflation was only 0.1%. Energy prices, in turn, surged 0.8% during the reporting period. At the same time, the overall inflation level remains lower
The economic growth in Spain, which currently has the largest unemployment level in the Eurozone, reached 0.1% on a quarterly basis in July-September of this year, as the two-year long recession ends in the country. The result matched economists' predictions. On the annual basis Spanish GDP lost 1.2%, and this is significantly lower than a quarter ago, when the economic
The unemployment level in the largest economy of the Eurozone, Germany, climbed in October to its highest level since the middle of 2011, reaching 2.973 million people, 2,000 more than a month earlier. At the same time, the joblessness rate remained stable at 6.9%, the historically lowest level since 1990. Meanwhile, recently a few German companies announced significant job cuts.
The Euro depreciated 0.02% to $1.3742 versus greenback at 7:57 am GMT time, before German employment data, as economists' expect unemployment rate to remain unchanged at 6.9% this month. Nevertheless, the Euro advanced at its fastest pace reaching $1.3832, the two-year high, last Friday, after U.S. employment data, underestimating the fact that Federal Reserve is likely to maintain its monetary
One of the world's biggest oil and gas producers reported Q3 earnings data on Wednesday was well ahead of expectations. Statoil's net income after taxes added 2% to $2.1 billion from $2.02 billion last year, which is $34 million more than expected, while domestic production advanced almost 6% and international output rose by 13%. Q3 oil output grew to 1.852
The Stoxx Europe 600 Index advanced 0.3%, extending this month gains. Major contributor was TomTom NV, which surged 5.4% after Dutch producer of navigation system increased their earning forecasts for 2013. Eni SpA jumped 2.8% after announcing that their third quarter net income beat expectations, while Sanofi tumbled 1.9% after saying that their profits will most likely fall 10% this
The Pound was changing hands at $1.6047 as of 7:43 am in London, after reaching $1.6257 last week, the highest since October 1, as economists expect British businesses survey to reveal home prices growth and manufacturing expansion slowdown. The Sterling traded at 85.63 pence per Euro after slipping to 85.85 pence a day before, which is the lowest level
Australia's new home sales advanced in the month of September reaching the strongest level in more than two years and recording the fastest month-on-month increase since April 2012, the Housing Association reported on Wednesday. Total new home sales climbed 6.4% on a monthly basis in September after it gained 3.4% in the month before.
The South Korean Won recorded a modest rise on Wednesday closing 0.6% from the strongest level in two years as investors awaited the outcome of the Federal Reserve two-day policy meeting suggesting continued stimulus. The Won traded at 1,060.30 per U.S. Dollar at close in Seoul following a gain to the strongest level since August 2011 at 1,054.35 on October
The Canadian currency declined on Wednesday dropping to the weakest level in seven weeks after Governor of the nation's central bank Stephen Poloz announced that temporary stimulus would have positive impact on Canadian commodity exports. The so-called Loonie slipped 0.2% to C$1.0469 per U.S. Dollar as of 5 p.m. Toronto time following a drop to the lowest level since September
The Australian and New Zealand's Dollar decline on Wednesday with the Kiwi Dollar dropping to the lowest level in a four-week period as the rating agency Moody's Investors Service considers stripping the country's top credit rating. Kiwi traded at 82.62 U.S. cents as of 5 p.m. Sydney time after touching 82.13, the lowest since October2, while Aussie traded at 94.91