Brent crude traded in London increased on Tuesday trading session before a report showed that stockpiles in the U.S. advanced and as Republicans and President Barack Obama failed to agree on a new debt ceiling avoiding the country's technical default. Brent for settlement in November added 8 cents to $109.77 a barrel on the London's ICE Future Europe exchange and
West Texas Intermediate slightly increased on Tuesday trading session, although it was traded close to its weakest level in almost a week as investors awaited for a report showing that inventories in the U.S. advanced and as deadlock about debt ceiling continued. WTI for delivery in November grew 32 cents to $103.35 on the NYMEX at 3:02 p.m. in Singapore.
U.S. Treasuries' yields advanced on Tuesday as investors sought compensation for risk amid persisted negotiations between the U.S. President Barack Obama and Republicans in Congress about increasing the debt ceiling. The benchmark 10-year yields were traded at 2.63% as of 6:39 a.m. London time, while the rates of $93 billion bills due on October 24 rose 0.18% yesterday.
Asian equities advanced on Tuesday rising for the first time in a three-day period as the local benchmark index was traded near the strongest level in three weeks amid an increase of utilities and developers companies. The MSCI Asia Pacific Index advanced 0.4% to 138.48 at 2:53 p.m. Tokyo time, while the Japan's Topix climbed 0.4% and South Korean Kospi
European shares swung between gains and losses on Tuesday after the benchmark stock index dropped to the weakest level in a month as investors awaited a result from the debt ceiling talks in Washington. The benchmark Stoxx Europe 600 Index slipped 0.2% yesterday hitting the lowest level since September 9, while the Euro Stoxx 50 Index for December settlement fell
Japanese Yen dropped against the majority of its counterparts after rallying to the highest level in an eight-week period against the U.S. Dollar as demand for the currency as haven declined amid a two-day dropped of Asian shares. Yen decreased 0.4% to 97.11 per U.S. Dollar by 7 a.m. London time following an increase to 96.57 recorded earlier, while it
Emerging-market equities advanced to the strongest level in two weeks mainly due to an increase of China's phone companies as ZTE Corp. and China Mobile Ltd. added at least 1.7% and as Indian central bank reduced its liquidity curbs. The MSCI Emerging Markets Index gained 0.4% to 1,008.84 as of 1:46 p.m. Hong Kong time, however, it has lost 4.5%
Gold jumped on Tuesday increasing for the second straight day and reaching the highest level in a week as talks between Republicans and the U.S. President Barack Obama have not bring any progress. Bullion for delivery in October advanced 0.4% to $1,327.96 an ounce and was traded at $1,325.51 as of 12:35 p.m. Singapore time after the prices grew to
Corn traded in Chicago advanced on Monday and it is set to expand for the third successive session. While soybean declined after Informa Economics Inc. cut the soybean harvest forecast by 1.5% to 3.176 billion bushel. Corn for settlement in December gained 0.7% to 4.465 a bushel on the CBOT, whereas November soybeans futures fell 0.2% to $12.93 a bushel.
Wheat increased on Monday raising for the fourth time in last five sessions amid concerns that production in Russian and Ukraine will be reduced by wet weather boosting demand for supplies from the U.S. Wheat for December's settlement advanced by 0.9% to $6.9325 a bushel as of 10:11 a.m. on the CBOT after gaining 0.6% last week.
Industrial production in Denmark declined in the month of August falling by 2.3% on a sequential basis, when the output of non-durable consumer goods slipped 6.1%, a report published by the Statistics Denmark showed on Monday. Danish capital goods production decreased 3.5% in August, while intermediate goods production added 4.4% in July.
Sweden's budget surprisingly came in surplus in the month of September mainly due to SEK 21.6 billion proceeds from share selling in Nordea, while economists originally expected the budget to record a deficit, the National Debt Office reported on Monday. The report showed that the country's budget posted a surplus of SEK 28.3 billion compared to SEK 6.2 billion deficit
Financial services sector in the United Kingdom notably expanded in the quarter ended in September reaching the strongest level in almost seventeen years, a report released by the Confederation of British Industry and PriceWaterhouseCoopers' revealed on Monday. The report showed that the index measuring the overall sector's business conditions recorded 59 in the Q3, more than the previous highest figure
Jefferies Group LLC, a New York based investment firm, recommend investors buying Apple Inc. shares, as Jefferies upgraded the Cupertino-based firm's rating from "hold" to "buy" on Monday. It is expected that Apple iPhone 5C and 5S sales will exceed average forecasts and hit an all time record number. Apple Inc. shares are adding 1.56% to $490.55 at 15:00 GMT
Crude declined on Monday trading session and are set to record the largest fall in three weeks as oil production in Gulf of Mexico fell amid storm Karen and after U.S. lawmakers failed to agree on a new debt ceiling. Brent for delivery in November dropped $1.07 to $108.39 a barrel on the London's ICE Futures Europe exchange and it
Brazilian swap rates declined on Monday after the country's central bank released a survey showing that the inflation outlook for 2014 was lowered adding to a forecast expecting the pace of growth in borrowing costs may slow down. Swap rates due in January 2017 fell three basis points to 11.25% by 11:08 a.m. Sao Paulo time, the weakest level since
French government decided not to introduce in 2014 a new tax on businesses, whose revenues exceed 50 million euro per year, as investors speak about possible capital outflows and decline in investments. On the other hand, the revenues from this tax have already been included in the next year's budget, therefore the government will temporarily raise corporate tax rate for
Analysts expect that the economy of Greece will jump 0.6% in 2014, as the recession is planned to be finished. Meanwhile, this year the economic contraction is expected at 4%. On the other hand, the right-wing government reduced the country's budget deficit to 2.4% of GDP in 2013, while many government employees were fired, but others' salaries and benefits were
Economic growth of East Asian region may reach only 7.1% this year, while the next year it is expected to be 7.2%, according to the forecasts of the World Bank. In its last report the regulator expected the 7.8% and 7.6% growth, respectively. Alongside, the Chinese economy is predicted to increase only 7.5% this year, while the previous forecast was
The Canadian currency depreciated versus its U.S. peer as oil, the most exported product of the state, dropped. The decline of Canada's Dollar versus most of its 16 major counterparts is resulted from the large discount of the Canadian oil trading level, at which Canada sells crude oil to U.S. The loonie fell 0.3% to C$1.0325 per U.S. Dollar, while oil slid 0.9%
The solution of problematic political situation in U.S. government still has not been found as the government deadlock continues with potential gap in borrowing authority. Each party wants to get out of the shutdown and prevent serious consequences, while there is no evidence that the parties are close to finding a compromise.
Manufacturing output in the Czech Republic surprisingly jumped 1.6% in August of 2013 from the previous year, while economists expected the output to slump 1.3%. In July the country's manufacturing sector added 2.1%. It is worth pointing out that the August surge was boosted by a 26.1% jump in car industry, which includes such producers as Skoda, Hyundai, Peugeot and
Federal Chancellor of Germany Angela Merkel can form a coalition with left-wing Green party, while the second most probable ally, the Social Democrats, are ready to compromise on the tax increase policy. As Merkel plans to hold the next round of negotiations with SPD on October 14, she will talk to the Greens earlier, namely on October 10, showing her
U.K. shares fell, after the benchmark index has declined for second straight week, as U.S. Speaker Boehner stated that there will be conditions attached to the federal borrowing limit bill. The FTSE 100 Index slipped 0.8% to 6,400.64 as of 1:04 p.m. London time and it has fallen 0.9% previous week. The FTSE All-Share Index slid 0.8% today, while Ireland's