The U.S. Dollar index slipped to the lowest level in two months on Wednesday amid speculation that the Federal Reserve will decide to maintain its bond-purchasing programme in order to boost the economy. The Dollar Index tracking the greenback against currencies of trading partners of the U.S. declined 0.5% to 81.336 earlier on Wednesday New York session and after it
The 17-nation bloc currency appreciated to the highest level in 2 months versus the U.S. Dollar on Wednesday amid speculation that the U.S. policymakers will decide to add more stimulus measures weakening the U.S. currency. The Euro was traded 0.3% higher at $1.3213, the strongest level since February 25 breaking through a $1.3200 reported option barrier.
Consumer confidence worldwide improved in the first three months of 2013 led by a notable increase in sentiment in the U.S., Japan and northern Europe, the latest data revealed by the insight company Nielsen showed on Wednesday. According to the data, the Nielsen Global Consumer Confidence Index grew 2% in the Q1 to 93 points with the sentiment rising in
The Reserve Bank of India is expected to make further cuts of its benchmark policy interest rates on this week's meeting on Friday as the economic growth reached a 10-year low in the fiscal year 2012-2013 and inflation weakens. The country's central bank is likely to cut the interest rate by 25 basis points, while maintain the reserve requirement rate
Consumer price inflation in Indonesia slowed down in April despite a notable increase in food prices, which rose by 11.91% on an annual basis, a report released by the Statistics Indonesia unveiled on Wednesday. The report showed that the consumer price index added annually by 5.57% in April compared to a level recorded in March at 5.9%.
American shares surged on Tuesday with regional benchmark index reaching its new all-time high. Hopes that central banks across the globe will stick to their loose monetary policies also boosted U.S. shares. The S&P 500 Index climbed 0.25% to 1,597.57 points as of 4:14 p.m. New York time. Among the best performers, Best Buy Co Inc jumped 7.4% to $25.99,
The 10-year yield was slightly changed at 1.67% in the second part of Tokyo trading session on Wednesday. Yesterday the benchmark touched 1.64% level, the lowest since 12th of December. Also volatility in the bond market dropped to a record, as investors wait for an announcement from the Federal Reserve about a commitment to the rate of bond buying to support growth.
U.S. blue chips climbed on Tuesday, as consumer confidence rose more than predicted in April. In addition, investors awaited new stimulus programs from central banks. The Dow Jones Industrial Average Index advanced 0.14% to 14,839.80 points as of 4:14 p.m. New York time. Among the gainers, The Walt Disney Co surged 1.8 to $63.00 and International Business Machines Corp added
The MSCI Asia Pacific Index dropped by 0.3% in the second part of Tokyo trading session on Wednesday. The Asian stocks slipped from the highest level since 2008, as global business activity indicated a slowdown. An Australian manufacturing index plummeted to a four-year bottom and China's Purchasing Managers' Index expanded at weaker pace in April. Behind the negative news, the
Australia's new home sales rebounded in the month of March setting towards modest recovery from the record lows reached a year ago, a data released by the Housing Industry Association. The data also showed that new home sales climb 4.2% in March, while new detached houses sales rose by 3.9% after it dropped 4.0% in the previous month.
Copper futures for three months settlement were lower by 0.5% to $7,023.5 per one metric ton on the London Metal Exchange in Singapore trading hours on Wednesday. The metal retreated on China's manufacturing data, which signaled that slowdown in the industry expanded at weaker rate in April, what potentially will curb demand from the biggest consumer.
Property prices in the United Kingdom decreased unexpectedly in April after it remained flat the month before, according to the report released by the Nationwide Building Society on Wednesday. The report showed that the house price index slipped 0.1% on a sequential basis in April, while it was forecast to rise by 0.3% and a typical UK house worth 165,586
Manufacturing performance in Australia fell more than preliminary estimated in the month of April as seven out of eight manufacturing sub-sector contracted, the latest data released by the Australian Industry Group. Australian Performance Manufacturing Index declined by 7.7 points to a level of 36.7 points in April, with the reading below 50 indicating contraction.
Wheat futures for July settlement edged lower by 1.2% to $7.225 per one bushel on the Chicago Board of Trade in the morning of Singapore trading session on Wednesday. The commodity price increased by 5.6% in two previous sessions and today traders cashed in profit on speculation that rains will help winter wheat to recover in Kansas, the biggest U.S. grower.
Rubber futures for October settlement were lower by 1.7% to 259.2 Yen per kilogram on the Tokyo Commodity Exchange in the morning on Wednesday. Commodity futures lost 14% this year. The commodity slides as the Japanese Yen strengthened and China announced weaker than expected manufacturing industry data. Also, crude rubber stockpiles in Japan increased by 2% and reached 15,976 tons on 20th of April.
The Purchasing Managers' Index was 50.6 in April, what was lower than a 50.7 estimation of analysts and 50.9 value in March, as the National Bureau of Statistics announced on Wednesday. China's economy expanded at a slower pace signalling a continuation of the slowdown in the world's second-biggest economy. Signs about slowing economies are spread across Asian countries, as Japanese and South
Australia's Dollar kept a two-day gain against the greenback amid bets the Fed would maintain its commitment to quantitative easing. The so-called Aussie remained steady at $1.0365, while the kiwi appreciated 0.1% to 85.76 U.S. cents, being the best performer among 10 developed-market currencies. It is said that the Aussie's flexibility ensures strength of the state's economy.
The Pound Sterling posted its highest monthly advance against its U.S. counterpart after a report depicted British banks increased grants for homes in March, indicating that the economy growth is on the right direction. The Pound added 0.3% to $1.5545; however, it lost 0.2% to 84.70 pence per Euro. Generally the U.K currency slid 0.4% versus the shared currency in
The Canadian Dollar reached the highest since February as the state's economy expanded faster than expected and speculation rose that U.S. lawmakers would retain monetary easing measures. The currency climbed for the fifth day versus its U.S. peer and reached C$1.0054 per greenback, while Canada's largest export crude oil, slid 1.6% to $93.01 per barrel, cutting its monthly advance to
The U.S. currency dropped against the Yen for a fifth day amid speculation the Fed would not slacken its asset purchasing programme to limit borrowing costs as the economy loses pace. The Dollar declined 0.2% to 97.27 Yen and remained almost unchanged at $1.3164 per Euro, while the shared currency lost 0.2% to 128.04 Yen and Australia's Dollar worsened 0.2%
Asian stocks dropped from the most since June 2008, after Japanese currency appreciated 0.2% to 97.27 per greenback and data showed signs of a slowdown in global business activity; crude and copper fell as well. The MSCI Asia Pacific Index worsened 0.3%, while Japan's Topix Index lost 0.6%. Meanwhile, the S&P 500 Index rose to a record high after consumer
West Texas Intermediate crude plummeted for a second day as an industry group indicated the U.S. stockpiles increased for the first time in three weeks and OPEC's production rose to highest in five months. WTI for June settlement slid to $92.90 a barrel, down 56 cents, and contracts lost $1.04 to $93.46, while Brent for June delivery dropped 89 cents
Inflation in Italy eased on a more-than-expected pace on April missing the economists' forecast, a report released by the statistical office Istat showed on Tuesday. According to the report the inflation measured by the harmonized index of consumer prices added 1.3% year-on-year in April following a 1.8% climb recorded a month before, while month-on-month it gained 0.3% in April.
Unemployment in the Europe's largest economy rose at the faster rate than originally estimates in April amid extremely cold weather, which kept some workers out of work for longer time than usually, the Labor Agency reported on Tuesday. The total number of jobless people moved up by 4,000 on a sequential basis, totaling 2.94 million in April, while it rose