Japanese equities retreated on Tuesday amid fears that the global economic growth may slow down. At the same time, the weaker Yen made export-oriented companies to advance. The Nikkei 225 Index lost 0.4%, or 54.22 points, to 13,221.44. Among the best performers, Credit Saison Co Ltd climbed 6.2% to 2,724 yen, capping further losses in the financial sector. Shionogi &
American shares declined on Monday as Chinese economy advanced at a slower rate than predicted. The S&P 500 Index fell 2.3% to 1,552.36 points, the biggest decrease since November. Sprint Nextel Corp, a telecommunications company, surged 13.5% to $7.06 on news that Dish Networks, a satellite television operator, offered a $25.5 billion bid to buy the company. Furthermore, Life Technologies
U.S. blue chips plunged on Monday amid weak national and China's data. The National Bureau of Statistics in China announced a 7.7% GDP advance, less than 8% expected. The Dow Jones Index retreated 1.8% to 14,599.20 points. All the companies included in the gauge posted losses with Caterpillar Inc declining 3.3% to $82.27 as decelerating growth in China raised concerns
Asian equities decreased on Tuesday with the regional benchmark index falling for the second straight day mainly due to a fall of raw-material producers amid concerns that China's slower growth will curb the global economic recovery. The MSCI Asia Pacific Index fell 0.3% to 136.62 at 3:41 p.m. Tokyo time following a fall from the strongest level in a 20-month
China's rating outlook was downgraded by the Moody's Investors Service from positive to stable as the country did not match expectations in making a progress in reducing latent risk associated with government debt and notable credit growth. However, the rating agency affirmed the Aa3 bond rating for the economy despite a downgrade of Fitch Ratings made last week.
The South Korean Won strengthened by 0.4% to 1,116.28 per U.S. Dollar by midday trading session in Seoul on Tuesday. The currency gained 0.8% yesterday, as the U.S. announced that it reached a deal to work with Japan, China and South Korea to get North Korea back into a nuclear negotiation.
Government bonds of Australia rose on Tuesday with the three-year rates falling to the lowest level in eleven weeks amid speculation that the Reserve Bank of Australia will cut the benchmark interest rate. 3-year yields dropped six basis points to 2.681%, 2-year rates fell to the lowest since March 5 at 2.673% and the 10-year yield slipped to the lowest
Chinese shares bounced back from the lowest level in three months on Tuesday led by property stocks amid speculation that the country's government will not impose more curbs on property shares as economy is slowing. The Shanghai Composite Index increased by 0.5% to 2,192.84 at 2:29 p.m. Shanghai time after it decline 0.7%, while the CSI 300 Index gained 0.8%
U.S. Treasuries decreased on Tuesday before a report showed that the consumer price index stayed flat last month after it increased by 0.7% in February and as oil prices fell suggesting a recovery of the world's largest economy. The U.S. benchmark 10-year yields advanced two basis points to 1.70% earlier on Tuesday London session following a drop to 1.67 yesterday,
The Canadian Dollar depreciated by 1.2% to 1.0256 per U.S. Dollar in the end of Toronto trading session on Tuesday. That was the biggest loss since December, 2011. The currency plunges amid huge losses in a gold market, which thumbed the most in 33 years, and on a slowdown of China's growth in the first quarter.
The Japanese Yen edged lower to 97.07 against U.S. Dollar by midday trading session in Tokyo on Tuesday. The currency reached a four-year low, as it slipped to 99.95 on the 11th of April. Changes in a Yen's value will be the main driver on this year shipping industry profits. Analysts say that despite a decline in freight rates, the
European shares decreased on Tuesday suggesting the third successive fall of the benchmark index Stoxx Europe 600 before a report showed that investor confidence in Germany dropped. Euro Stoxx 50 Index futures slid 0.3% to 2,556 earlier on Tuesday London session after the Stoxx Europe 600 Index fell 0.7% yesterday on China's economy and New York manufacturing data.
Brent crude declined below a level of $100 a barrel for the first time in nine months amid weaker demand curbed by the signs of slower global economic growth, while West Texas Intermediate dropped to a 4-month low on speculation about rising U.S. supplies. June Brent futures slipped $2.63 to $99.55 on London's ICE and WTI for delivery in May
Sales of new motor vehicles in Australia decreased in March with the total number of sold motor vehicles recording 95,113, falling on a monthly basis by 0.6% after being flat in February, a report released by the Australian Bureau of Statistics unveiled on Tuesday. Sales of passenger vehicles rose 3.3%, while other vehicle and sports utility vehicle sales dropped 9.1%
Manufacturing activity in New York area slightly increased in April, however, the index measuring the activity declined by more than preliminary estimated, according to data revealed by the Federal Reserve Bank of New York on Monday. The New York Fed showed its general business condition index dropped from 9.2 in March to 3.1 in April compared to expectations of fall
Farm commodities finished in the negative area on Monday on weak demand for riskier assets after dismal numbers from the U.S. and China. However, the declines were restricted as unfavorable weather in the U.S., Russia, Canada and Brazil created a supply risk premium for the commodity sector. Wheat dropped despite extended winter weather in the U.S., Canada and Russia. The grain
Energy futures were bearish on Monday as weak Chinese and U.S. figures raised concerns over global energy demand prospects. Moreover, a record high U.S. crude oil inventories and caution ahead of G20 meeting due to start on Thursday weighed on energy prices. Crude oil declined as China's data exacerbated concerns over global demand raised by recent global consumption estimate's cuts by
Gold futures for June settlement lost 9.3% to $1,361.10 on the Comex by midday trading session in New York on Monday. That was the biggest loss since 17th of March, 1980. Market analysts say that such sharp drop was caused by weak data from China, what sparkled a selloff of the commodity amid concern that more money will be required
Industrial metals except for aluminum dropped on Monday on worries over global demand perspectives as China's economy slows. China's GDP grew by 7.7% year-on-year in the first quarter, defying expectations of a 8.0% expansion. Base metals also continued to face pressure from persistent global surplus. Aluminum climbed on a decline in the LME inventories last week. LME stockpiles dropped 18,050 tonnes,
Homebuilders' confidence in the world's largest economy surprisingly dropped in April as costs for building materials increased and amid concerns about supply for skilled workers and developed lots, a data released by the National Association of Home Builders unveiled on Monday. The data showed the NAHB/Wells Fargo Hosing Market Index declined for the third month in a row from 44
Precious metals plunged for the second consecutive session on Monday after weak China's data sparked a massive selloff of precious metals as market players were worried that more cash will be needed to cover their positions. Gold tumbled the most in 33 years on concerns over unexpected slowdown in China's economic growth. Meanwhile, holdings in SPDR Gold Trust reached a
The Chile's Peso decreased by 0.3% to 471.90 per U.S. Dollar in the morning of Santiago trading hours on Monday. The currency showed the largest drop this year, as lower-than-expected gross domestic product data from China pushed the price of copper lower and dimmed Chile's export prospects.
Arabica futures for July settlement were lower by 0.7% at $1.362 per pound in the morning on ICE of New York trading session on Monday. Coffee is declining for a second straight session, as investors speculate that growers will increase sales to utilize current inventories before this year's crops get to warehouse.
The Canadian Dollar, also known as the loonie, dropped by 0.7% to 1.0206 per U.S Dollar in the morning of Toronto trading session on Monday. The loonie depreciated to the lowest level since 5th of April, as gross domestic product data from China were worse than expected and theoretically will gradually diminish demand for Canadian commodity exports.