The U.S. Dollar slipped 0.2% to 1.3097 per Euro and decreased to 86 cents per New Zealand Dollar in the morning of New York trading session on Thursday. The U.S. currency weakened against the major counterparts, as global investors speculate that central banks around the world will keep monetary stimulus programs, what will boost demand for higher yield assets.
Gold futures for June settlement were higher by 0.4% to $1,564.40 an ounce in the morning of New York trading hours on Thursday. The metal gains the second time from three previous days, as the U.S. Dollar edges lower and boosts demand for the precious metals. The U.S. Dollar lost 0.6% versus six major counterparts, as weak jobless data increase
Copper futures with settlement in three months were lower by 0.4% to $7,541 metric ton in the morning of the London Metal Exchange hours on Thursday. The price declined for s second straight day amid speculation that the Federal Reserve Bank will curb monetary stimulus and that would threat demand in the U.S., which is the second-largest world consumer of the metal.
The 10-year break-even norm, an index measuring expectations of the annual expectations, increased to the highest level in previous four-and-half year. It advanced by four basis points to 3.38 percentage points at midday London trading hours on Thursday. The rate gained after the Debt Management Office sold inflation related bonds valued for 1.6 billion Pounds with maturity in 2024.
The Nigerian Naira edged lower by 0.1% to 157.60 per U.S. Dollar by midday trading session in Lagos on Thursday. The currency of the biggest Africa's oil exporter depreciated due to speculation that traders in Nigeria were willing to exchange their profits from the local bond and equities market in the U.S. Dollar.
The Canadian Dollar, also known as the kiwi, appreciated 0.5% to 1.0089 per U.S. Dollar in the beginning of Toronto trading session on Thursday. Earlier the pair increased to a 1.0084 per U.S. Dollar level, which was the strongest since 18th of February. Analysts say that the kiwi strengthens due to the money coming out of Japan and European countries
Hong Kong stocks climbed on Thursday, as number of new loans in a local currency increased in China. The Hang Seng Index advanced 0.3%, or 66.71 points, to 22,101.27. Consumer goods and services sectors added the most, rising 1.4% and 0.8%, respectively. Hengan International Group Co Ltd, a hygiene products manufacturer, surged 2.8% to HK$77.60. Furthermore, Tingyi Cayman Islands Holding
European shares climbed on Thursday ahead of the U.S. unemployment data. The DAX Index added 0.5% to 7,848.20 points, close to its highest value since 2007. 18 out of 30 companies included in the gauge posted gains. Linde AG, a German engineering company, surged 1.5% to 143.70 euros, pushing the industrial sector into the green zone. The company has today
U.K. equities traded green on Thursday, as analysts waited for a new report on jobless-benefit claims in the U.S. The FTSE 100 Index surged 0.3%, or 21.90 points, to 6,407.81 at 12:42 p.m. GMT. In addition, the index grew for a fourth consecutive day and is estimated to have the biggest weekly rise in three months. Consumer goods sector was
Tokyo Stock exchange traded green on Thursday, as Bank of Japan reiterated its plans for stimulus measures, boosting investors' confidence. In addition, the Topix index extended gains for its longest winning streak in year. The Nikkei 225 Index rallied 1.96%, or 261 points, to close at 13,549.16. All but one group edged higher with consumer goods posting the biggest gain.
Unemployment in Australia increased slightly more than preliminary estimated in the month of March, when the jobless rate of the country moved up to 5.6% compared to a forecast of 5.4%, a data released by the Australian Bureau of Statistics showed on Thursday. The data also said that total number of job positions declined by 36,100 in March after it
Corn futures for July delivery were lower by 0.5% to $6.295 per one bushel on the Chicago Board of Trade on Thursday. The price of corn decreased, as the U.S. Department of Agriculture boosted estimations for the world inventories from 117.5 million to 125.29 million metric tons, exceeding analyst estimation of 120.41.
Treasuries were little changed on Thursday as an economic outlook of how much U.S. 10-year yields will gain by the end of this year was cut by economists as the world's biggest economy is slowing down. The benchmark U.S. 10-year yields were at 1.79% earlier on Thursday London session as economists cut their forecast of the rate to be at
West Texas Intermediate futures were lower by 34 cents to $94.30 a barrel on the New York Mercantile Exchange during Singapore trading session on Thursday. The price of oil edged lower as a government report indicated the biggest U.S. stockpiles since July, 1990. Oil reserves increased by 250,000 barrels and reached 389 million.
European shares were little changed on Thursday following an yesterday's largest advance in a month before a report showed a number of the U.S. unemployment claims and as investors awaited the European Central Bank Monthly Bulletin. The benchmark Stoxx Europe 600 Index declined by 0.1% to 292.98 earlier on Thursday London session.
The South Korean Won advanced by 0.5% to 1,130.76 per U.S. Dollar in the morning trading session in Seoul on Thursday. That was the biggest gain in previous two weeks, as worldwide investment funds spur holdings in South Korean equity markets on easing tension with North Korea. Also, the benchmark for seven-day repurchase rate was left unchanged at 2.75%, while the majority
Rural commodities apart from wheat moved higher on Wednesday amid mixed USDA data. The Waste showed smaller figures for domestic corn inventories but indicated bigger-than-expected global stockpiles. Wheat was the only loser after the USDA report revealed bigger-than-expected estimate for global supplies. World's inventories before this year's Northern Hemisphere harvest are likely to attain 182.26 million metric tonnes compared to
The Australian Dollar dropped by 0.3% to 1.0515 per U.S. Dollar in the second part of Sydney trading session on Thursday. The Aussie slipped against the major counterparts, as the unemployment data indicated an increase to a three-year peak. Labor numbers induce speculation that Reserve Bank will cut borrowing costs to sustain growth.
Energy futures were mixed on Wednesday after the data showed U.S. crude oil inventories reached a 22-year high. Adding pressure, OPEC cut its estimate of global demand growth to 800,000 barrels per day from 840,000 barrels per day. Crude oil inched up despite weak fundamentals. The EIA report showed inventories climbed 0.3 million barrels last week, less than forecast of
Industrial metals were bearish on Wednesday as China's trade data disappointed investors. China's trade balance unexpectedly swung to deficit of USD884 million last month while experts predicted a USD15.4 million surplus. Aluminum retreated on dismal trade numbers from China. The metal also came under heavy selling pressure after Deutsche Bank predicted global production to increase 5.5% this year. Meanwhile, market
The Chile's Peso lost 0.3% to 468.64 per U.S. Dollar in the end of Santiago trading session on Wednesday. The currency slipped the most in two previous weeks, as Finance Minister said that financial intervention is considered as a possibility to curb strength of the domestic currency. The Peso is traded at the highest level in 19 months, close to
U.S. stocks extended their gains on Wednesday, hitting record highs as Federal Reserve officials debated over slowing asset purchases amid improving labour market. The Dow Jones Industrial Average advanced 0.9%, or 128.78 points, to 14,802.24 with a turnover of 6.2 billion shares. All nine industry groups advanced with technology and health care group rallying the most. Merck & Co Inc.
Precious metals retreated on Wednesday as market players continued to reduce holdings of the metals on talks the Fed may scale back its easing measures amid accelerating economic recovery. According to the latest FOMC minutes, board members were divided on when to wind down stimulus. Gold was the worst performer amid broadly stronger U.S. Dollar and concerns the Fed may halt
The Japanese Yen appreciated by 0.2% to 99.59 per U.S. Dollar at midday trading session in Tokyo on Thursday. The currency was lower after touching 99.88 yesterday, the highest level since April, 2009. Market halted a decline, as Japanese traders were sellers of overseas bonds in previous week. They sold 1.14 trillion yen in foreign bonds and notes and purchased