Chinese industrial production added 10.2% in September of this year on the annual basis, as the result matched economists' forecasts. On the other hand, the output decreased slightly from August, when it rose 10.4%. During the first three quarters of 2013 production surged 9.6%. Moreover, analysts point out that the industrial production in less developed Chinese regions climbed the most.
Natural gas fell on Friday extending the series of drops to a third weekly decline in a four-week period amid speculation that stockpiles in the U.S. may be sufficient to satisfy demand during the winter. Natural gas for delivery in November dropped 2.5 cents to $3.732 per million British thermal units on the NYMEX and was traded at $3.735 as
West Texas Intermediate oil declined on Friday heading for the second weekly drop and was traded close to a level of $100 a barrel on the NYMEX as price losses during this week's U.S. impasse overshadowed stronger growth of China's economy. WTI for delivery in November fell 6 cents to $100.6 a barrel by 8:29 a.m. in London.
The South Korean currency strengthened on Friday reaching the highest level on nine months as the government bonds increased after authorities signalled that advances threatening exports may be intervened and limited. The Won jumped 0.2% to 1,061.95 per U.S. Dollar by 10:24 a.m. Seoul time after rising to the strongest level since January 21 at 1,059.8 earlier.
The US currency heads for a weekly decline against its 16 major peer as US Congress accepted an agreement deferring funding and debt ceiling deadline into early 2014. The greenback gained 0.1% to $1.3665 per Euro at 6:55 am in London, after dropping yesterday to $1.3682, the lowest level since February 1, while US Dollar added 0.1% to 98.05 Yen
Chinese shares advanced on Friday rising for the first time in a four-day period mainly due to an increase of industrial and financial companies after a report showed that the country's performance of the economy improved in the Q3. The Shanghai Composite Index gained 0.5% to 2,200.26 by 1:08 p.m. as the gross domestic product rose by 7.8% in the
U.S. Treasuries increased on Friday heading for the first advance in a week this month amid speculation that the country's economic activity may be curbed by the partial government shutdown ended this week allowing the Fed to keep its stimulus into 2014. The Benchmark 10-year bonds yielded at 2.59% as of 6:45 a.m. London time.
U.S. shares increased with the S&P 500 index trading near its all-time high amid improved confidence of investors as President Barack Obama signed a last-minute deal avoiding country's default this week, however losses of IBM and Goldman Sachs pushed Dow lower. The Dow Jones industrial average slipped 0.03% to 15,369.85, the S&P 500 Index added 0.66% to 1,732.90 and the
The Governor of the Japanese central bank Haruhiko Kuroda claimed on Friday that the Bank of Japan's monetary stimulus program has positive impact on the overall economy emerging economic activity reflecting in moderate gains in consumer prices. The BOJ's policy is to maintain its stimulus focused on a 2% inflation target necessary for stable economic environment, he added.
Equities from Australia to Japan expanded with the Australian shares hitting the highest level in five years after a data showed that China's economic growth increased for the first time in a three-quarter period in the Q3 and as U.S. impasse ended this week as Obama signed the debt limit deal. The MSCI Asia-Pacific index outside Japan added 0.7% after
European shares increased on Friday with the stock-index futures rising near the highest level in five years after the government data showed that China's economic growth expanded for the first time in a three-quarter period. Euro Stoxx 50 Index futures with delivery in December gained 0.5% to 3,019 as of 7:11 a.m. London time and the U.K.'s FTSE 100 Index
Gold swung between gains and losses on Friday trading session staying above $1,300 an ounce and heading for the largest advance in a week in a two-month period amid speculation of less stimulus by the Federal Reserve. Bullion for delivery in October fluctuated and it was traded 0.3% lower at $1,316.55 an ounce as of 2:25 p.m. Singapore time.
Sovereign debt rating of the Asian second-largest economy was affirmed by the Standard & Poor's due to an improved political stability and strong external position, the rating agency showed in a report on Friday. According to the report, Japan's long- and short-term sovereign credit rating was affirmed at ‘AA-‘ and ‘A-1+' respectively, although the long-term rating outlook stays negative.
Labour costs in New Zealand increased year-on-year in the three months ended in June mainly reflecting a 1.7% advance in salary and wage costs, the latest data published by the Statistics New Zealand showed on Friday. The country's labour costs inched higher 2% on an annual basis, while the non-wage components of the gauge rose 3.2% in the same period.
First-time claims for unemployment benefits in the world's largest economy decreased on the week ended on October 12 after the figure recorded a notable increase in the week before, a report revealed by the Labor Department showed on Thursday. According to the report, U.S. jobless claims dropped by 15,000 falling from last week's 373,000 to 358,000.
Manufacturing activity in Philadelphia-area advanced in the month of October, although the rate of growth slowed down, a data published by the Federal Reserve of Philadelphia revealed on Thursday. According to the data, the index of current activity in the area slipped from a level of 22.3 recorded in September to 19.8 in the following month, while it was forecast
The performance of China's economy improved when the pace of growth rose in the three months ended in September mainly due to lawmakers' efforts to restructure the economy, the latest figure released by the National Bureau of Statistics unveiled on Friday. China's gross domestic product expanded 7.8% on an annual basis in the Q3 matching preliminary projections.
The US Treasury 10-year bonds declined five basis points to 2.62% at 10:09 am in New York, as US president Barack Obama signed a debt deal to end government shutdown and avoid the country default, while the price for 2.5% security note due in August 2023 gained $4.06 per $1.000 nominal value, to 98.
U.K. retail sales increased more than economists predicted as a raise in the furniture demand fueled a rebound in September, after last month's decline. Sales including gas climbed 0.6% compared to August, when they retreated 0.8%; however, economists forecasted a 0.4% gain, according to Office for National Statistics. Retail sales gained 2.2% in September from previous year, while sales excluding
Japanese stocks advanced, with the benchmark Topix index rising to the highest level in three weeks, after the U.S. Congress made a compromise and voted to end nation's government shutdown. The Topix added 0.8% to 1,206.25 in Tokyo, its highest level since September 27, while the Nikkei 225 gained 0.8% to 14,586.51. The Japanese Yen appreciated 0.3% to 98.44 per
Shares in Switzerland gained as Nestle SA sales topped the estimates and the U.S. government made a compromise by increasing the debt ceiling and that did put an end to nation's government shutdown. The Swiss Market Index rose 0.4% to 8,014.68 as of 9:46 a.m. Zurich time; however, the equity-benchmark has declined 0.1% monthly. The Swiss Performance Index added 0.4%
U.K. shares retreated, snapping the longest streak of gains in approximately five months, as declines in commodity producers and banks dimmed the outlook. The FTSE 100 Index slipped 0.4% to 6,543.86 as of 8:40 London time; however, the equity-benchmark has climbed 3.7% in the last five days. The FTSE All-Share Index dropped 0.4%, while Ireland's ISEQ Index fell 0.4% today.
South Korean currency increased on Thursday rising to the strongest level in nine months after an impasse in the U.S. ended as President Obama signed a deal avoiding catastrophic scenario of technical default of the nation. The South Korean Won gained 0.2% to 1,063.58 per U.S. Dollar in Seoul following an increase to the highest level since January 23 at
The British Sterling strengthened on Thursday rising to the strongest level in four weeks versus the U.S. Dollar after the U.K. government report showed a notable increase in retail sales in the month of September. The Pound added 0.7% to $1.6064 as of 9:40 a.m. in London, the largest advance since September 18, following a drop to the lowest in