Industrial production in Sweden slowed down at a faster rate than economists' projected in January mainly due to declines in machinery industry and the motor vehicle industry, the Statistics Sweden reported on Friday. Year-on-year, the industrial production slipped 7.8% in the first month of 2013 compared to a 4.8% drop preliminary forecast, on a monthly basis the industrial output fell
Greek consumer price inflation decreased for the fourth consecutive month in the month of February despite a notable 9% jump of housing costs and a 1.7% advance of clothing and footwear prices, the Hellenic Statistical Authority reported on Friday. On an annual basis the consumer price index slowed down to 0.1% in February.
Hungary's economic output decreased further in the last three months of 2012 keeping the economy in the recession mainly due to a decline of industrial and agricultural activity, the Central Statistical Office reported on Friday. Year-on-year, the country's gross domestic product dropped 2.7% in the Q4 and it recorded a 0.9% slip on a monthly basis, while for the year
Annual inflation in Latvia slowed down, hitting its historic low in the month of February, a report released by the Central Statistical Bureau showed on Friday. The report said the consumer price index advanced by 0.3% annually in February compared to a 0.6% growth a month before. On a monthly basis the index decreased 0.1% in February following a 0.2
U.S. wholesale inventories advanced notably above economists' forecast in January, partly pushed up by a 1.1% gain in inventories of durable goods, the Commerce Department reported on Friday, however, the report also showed a significant fall of wholesale sales. Wholesale inventories increased 1.2% in January, while the wholesale sales dropped 0.8% in the same month.
Japan's Topix Index rose 1.8% to 1,039.32 points and Nikkei 225 gained 0.4% to 12,333.30 in the end of Asian trading session on Monday. Investors in Japan were positive, as improving macro economic data in the U.S. rises confidence in the global economy and the Yen is the weakest in last three and a half year versus the U.S. Dollar, allowing domestic
Consumer price inflation in Brazil advanced more than economists initially forecast in February, the data released by the IBGE statistical office showed on Friday. Year-on-year the consumer price index gained from January's level of 6.15% to 6.31% recorded the following month, compared to an estimate of 6.2%, while on a monthly basis the index increased 0.6% in February after a
British construction sector output declined for the thirteenth successive month in January at a notably slower rate than the month before, the Office for National Statistics reported on Friday. On an annual basis, the construction production dropped 7.9% in January following a 14.5% slip the previous month, while on a monthly basis it decreased 6.3% in January after it contracted
U.S. employment accelerated notably above economists' predictions in February as the growth of new jobs pushed down the unemployment rate to its lowest level in four years, the Labor Department reported on Friday. After an improvement of non-farm payroll employment in January by 119,000 jobs, it continued to grow in February by 236,000 jobs compared to a forecast of 171,000
Canada's housing starts bounced back in the month of February amid a rebound of multi-family starts in Ontario and Quebec, suggesting that the housing market is continuing to moderate in 2013, a data released by the Canada Mortgage and Housing Corporation showed on Friday. The seasonally adjusted annualized rate of housing starts went up from 158,998 in January to February's
Industrial output in Germany stayed unchanged in the month of January as a notable improvement of production in the construction sector was compensated with a drop in the manufacturing and energy industries, the Economy Ministry reported on Friday. The report showed a 3% increase of the construction output in January, while manufacturing and energy declined 2.3% and 0.2%, respectively.
Hang Seng advanced on Friday on positive economic data from China and Japan. The index climbed 1.4%, or 320.51 points, to close at 23.091.95. All but one sector posted at least 0.9% rally, as 43 out of 50 blue chip companies composing the benchmark index edged higher. The best performing sectors were basic materials and consumer goods. Want Want China
Nikkei jumped on Friday and touched its highest level since Lehman Brothers' collapse in 2008 on positive economic outlook for China's growth and news of Japan planning an aggressive monetary policy, as Haruhiko Kuroda, the nominee for BOJ governor's position, pledged to do what it takes to end the falling prices. The Nikkei 225 index climbed 2.6% to 12,283.62 points.
Dow Jones rose on Thursday and reached its highest level since 1896 when it was founded as the number of people who filed for unemployment benefits declined to a six-week low, indicating a recovery of the labour market. The sectors posting the biggest gains were industrials and financials by jumping 0.7% and 0.5%, respectively. The index surged 0.2%,or 33.25 points,
Spanish industrial production decreased more in the month of January with the pace of reduction slowing down to its lowest level in three months, the Ine statistical office showed in a report on Friday. Year-on-year, the country's industrial output dropped 5% in the first month of 2013 compared to a 6% slid initially forecast, following a 7.1 fall recorded in
Consumer prices in Switzerland fell at the steady pace matching economists' predictions in February, the Federal Statistical Office showed in a report on Friday. The report said the consumer price index declined in February at the same pace as it did the month before, when it dropped annually by 0.3%, while on a monthly basis it also advanced 0.3% in
Shares on Wall Street continued their rally on Friday with the Dow Jones Industrial Average and Standard & Poor's 500 Index rising for the fifth straight day after a yesterday's report showed a smaller number of jobless claims in the U.S. The Dow Jones Industrial Average gained 0.23% to 14,329.49, the S&P 500 Index added 0.18% to 1,544.26 and the
Gold futures for April delivery were up by 0.2% to $1,577.8 an ounce on the Comex in New York, but spot price was unchanged at $1,579.4 in Singapore on Friday. Gold set for a 0.2% weekly gain after falling four weeks in a row. Market bets on better data from the U.S. labor market, as payrolls should be 165,000 in
U.S. shares reached another record high close as data showed the applications for jobless benefits dropped to the lowest in six weeks, indicating a recovery of the nation's labour market. The S&P 500 Index advanced 0.2% to 1,544.79. All but two groups edged higher. Financial blue chip companies posted biggest gains among all S&P 500 components, as the financial shares were 0.6%
Japan's Nikkei 225 went up on Friday erasing its losses from the Lehman Brothers Holdings collapse, due to a decline of the Japanese currency against the U.S. Dollar falling to its lowest level in a 3 ½-year period. The Nikkei 225 Stock Average advanced 2.6% to 12,283.62, the highest level since September 15, 2008. The broader Topix Index gained 1.6%
European stock futures advanced on Friday amid an optimism brought to the markets as Japan's economic growth bounced back from contraction in the Q4. Euro Stoxx 50 Index futures added 0.5% to 2,699 earlier on Friday, while U.K.'s FTSE 100 Index gained 0.2%. So far this year, the Stoxx Europe 600 Index has added 4.8% heading for its largest biggest
WTI oil futures for April settlement were 21 cents lower to $91.35 per barrel on the New York Mercantile Exchange in Singapore session on Friday, but in the previous session the price increased by $1.13, the biggest gain since 11th of February and the highest closing point since 28th of February. Currently price heads for a 0.7% weekly gain. Oil is traded
The MSCI Asia Pacific Index was higher by 0.5% to 135.87 points in the second part of Tokyo trading session on Friday. The major region gauge heads for 0.9% weekly advance, extending gains for a third straight week. Japan's Nikkei 225 index recovered to a pre-crisis level, as the domestic economy demonstrates growth. Also, China announced a positive exports data,
Rural commodities ended Thursday's session on the positive note, being supported by weakness in the US Dollar and improved demand for risky assets. Bullish USDA export report supported grains, while logistics problems in Brazilian ports pushed softs higher. Wheat rallied after the USDA report showed US export beat estimates last week. However, gains were cut as the FAO raised its forecast