Labour cash earnings in Japan decreased by more than preliminary estimated in February mainly due to a 0.8% annual fall of contractual earnings during the month and a 0.6% annual drop of regular pay, the Ministry of Labour reported on Tuesday. Total cash earnings slipped by 0.7% on an annual basis in February, while they were expected to slide by
Australian manufacturing sector activity continued to shrink in the month of March with the Performance of the Manufacturing Index declining by 1.2% to a level of 44.4 points, a report unveiled by the Australian Industry Group showed on Tuesday. The report also said that the production sub-index fell 4.9 points to 41.7 and new orders edged lower by 2.4 points
European shares were little changed on Tuesday trading session before the Cypriot government met the International Monetary Fund and the European Union representatives in order to make a deal on a new bailout terms. The Euro Stoxx 50 Index futures with the expiration in June advanced less than 0.1% to 2,555 earlier on Tuesday, while the CAC-40 and Frankfurt's DAX
Economic performance of the Turkish economy continued to slow down in the last three month of 2012, according to the Turkish Statistical Institute report released on Monday. The report showed that the nation's gross domestic product rose on a monthly basis by 1.4% in the Q4 following a 1.6% advance in the Q3 and a 2.9% increase in the Q2.
Construction spending in the U.S. rebounded by more than economists expected in February after it recorded a notable decline in the month before, a data released by the Commerce Department showed on Monday. The data said that construction spending added 1.2% to $885.1 billion in February after it recorded a level of $874.8 billion in the prior month.
U.S. manufacturing sector activity increased at the slower pace than preliminary estimated in March, according to a survey released by the Institute for Supply Management on Monday, when the ISM purchasing managers index declined from 54.2 in February to 51.3 in March. The Index recorded the fourth successive month with reading above 50, but it was expected to grow to
Factory sector in China advanced at the faster rate in the month of March than the month before mainly due to a notable improvement in new orders and production, the CFLP and the National Bureau of Statistics reported on Monday. The report said the official purchasing managers' index rose from 50.1 in February to 50.9 in March, while it was
The European currency increased against the U.S. Dollar on Monday amid speculations that the Federal Reserve will take its time with easing the monetary stimulus program after data showed a lower-than-expected manufacturing output growth in the U.S. The 17-nation currency rose 0.3% to $1.2858 following a 0.4% drop earlier on Monday session.
U.S. benchmark 10- year treasury yields were traded near its lowest level in four weeks on Monday after a data showed a less-than-expected advance in the U.S. manufacturing output in the last month boosting demand for safer assets. U.S. 10-year yields dropped one basis point to 1.84% earlier on Monday New York session after it reached 1.83%, its weakest since
The Japanese currency appreciated to the highest level in almost four weeks versus the U.S. Dollar on Monday after a data released in Japan, South Korea and China showed results below economic expectation boosting demand for haven assets. The Yen rose 1% to 93.28 yen per U.S. dollar after it reached the most since March 6 at 93.16, it also
U.S. shares decreased on Monday with the benchmark Standard and Poor's 500 Index falling from its record high after data showed that American manufacturing output declined in the month of March, at the same time commodities contracted as reports from China and Japan showed unfavourable results. The S&P 500 Index fell 0.5% and the S&P GSCI Index of 24 commodities
Natural gas traded in New York swung between gains and drops on Monday amid expectations that above-normal temperatures forecast from April 6 until April 15 in the U.S. will weaken demand for heating fuels. Natural gas for delivery in May advanced by 0.1% to $1.025 per million British thermal units on the NYMEX and the futures have gained 20% this
West Texas Intermediate oil declined for the first time in a six-day period on Monday amid speculation that inventories in the U.S. might increase after Exxon Mobile Corporation closed the Pegasus pipeline. May WTI futures decreased by 77 cents, or 0.8%, to $96.46 a barrel on the NYMEX after the contract rose to its highest since February 14 at $97.23
Indonesian shares are set to reach their strongest level in a three-year period as local consumption leads the fastest economic growth in among Asian countries after China, PT Manulife Aset Manajemen Indonesia mutual fund said last week. Indonesian benchmark Jakarta Composite Index will likely to advance 17% this year, while it has reached 14% in the Q1 of 2013.
Rubber decreased on Monday as a demand in the world's biggest consumer of the commodity, China, weakened after Thailand extended restricts on exports from today until the end of May in order to boost prices and as inventories reached a record high on March 15. September Rubber futures declined 2.6% to 266.9 yen a kilogram on the Tokyo Commodity Exchange.
South Korean currency decreased to its lowest level in one week after shipments out of the country rose below economists' expectations in the month of March and as tension between North and South Korea worsen increasing the risk of conflict. The Won was traded 0.3% lower at 1,114.73 per U.S. Dollar following a fall to its weakest level since March
Emerging-market equities decreased for the first time in a six-day period on Monday mainly due to a notable drop of discretionary companies after shipments out of South Korea increased below forecast and China and Japan's manufacturing data showed unfavourable results on Monday. The MSCI Emerging Markets Index fell 0.2% to 1,032.80 after it gained 1.9% last week recording its highest
Asian shares decreased on Monday with Japanese Topix Index dropping to its lowest level since March 2011 after Japan's manufacturing business sentiment report showed unexpected fall and as China's factory production rose slower than estimated. The MSCI Asia Pacific Index declined 1.3% to 133.82 in Tokyo with three falling shares for one advancing.
The Italian economic performance outlook for 2013 worsens, when the gross domestic product is likely to drop more than the country's government originally predicted, the President of the statistical office Istat Enrico Giovannini said on Friday. The initial outlook said that the nation's GDP would decline by 1.3% in 2013, the new estimates says the forecast is too upbeat. The
U.S. Treasuries declined for the second successive quarter recording its first back-to-back fall since 2011 as yields increased amid improvement of economic data, when the U.S. unemployment rate dropped more than forecast and as the Fed will continue with stimulus. The benchmark 10-year yield rose by nine basis points to 1.85% in the Q1 and it touched 2.08% on March
The British Sterling declined against most of its major counterparts on Friday as it recorded the biggest quarterly fall versus the U.S. Dollar since December 2008 amid contraction of the U.K. economy in the Q4 fuelling concerns that the country might go through a triple-dip recession. The Pound dropped 6.7% in the Q1 to $1.5172 yesterday after sliding to $1.4832
Copper traded in Shanghai decreased on Friday completing its second quarterly fall in a row after a report showed that U.S. initial unemployment claims rose and as inventories of the commodity increased to 569,775 tons. Copper for July delivery on the Shanghai Futures Exchange dropped 1.1% to 54,720 yuan a metric ton and was at 55,250 yuan at 9:45 a.m.
Gold was little changed on Friday set for its worst result in a quarter since 2001 as concerns about the Eurozone's debt crisis were eased after banks in Cyprus reopened reducing the demand for precious metals as a store of wealth. Bullion for immediate delivery was traded at $1596.50 an ounce falling from yesterday's level of $1596.83 an ounce, however,
Producer price inflation in Italy slowed down for the sixth month in a row in February, when the producer price index rose by 0.3% year-on-year in February after it advanced 0.7% in January, a report released by the statistical office Istat revealed on Friday. The report also said that producer prices added 0.1% on a monthly basis in February reversing