Japanese shares dropped led by shrinking Utilities sector as an earthquake may be distract functioning of a nuclear reactor, therefore power suppliers are pulling back the stock market today. Experts say prospects for restarting the nuclear reactors are deteriorating, thus increasing the cost of electricity. That in turn could negatively affect raw-material companies. The Nikkei 225 Stock Average (NKY) dropped
German shares jumped to their highest level in 19 months after ZEW Center for European Economic Research in Manheim released data that showed investor confidence rose to 6.9, better than the expected gain to minus 11.5, in December compared to last month's minus 15.7. The DAX index surged 0.75%, or 57.38 points, to 7,587.75 at 16:11 GMT reaching its highest
Most U.K. shares advanced as the Federal Reserve is going to expand its asset purchases to ensure economic stimulus, and economic data indicated German ZEW advanced in December. The FTSE 100 index gained 0.2%, or 12.50 points, to 5,933.45 by 15:44 GMT. The gauge has advanced 13% from its lowest level this year in June when the ECB and Federal
Chinese shares edged lower compared to the previous session with weaker mainland markets capping the Hong Kong's gains on investors being cautious prior to last meeting of the U.S. Federal Reserve this year. It is awaited that the Fed will decide on buying $45 billion per month of longer-dated Treasuries to replace the Operation Twist program] at the beginning of
Japanese shares dropped led by shrinking Utilities sector as an earthquake may be distract functioning of a nuclear reactor, therefore power suppliers are pulling back the stock market today. Experts say prospects for restarting the nuclear reactors are deteriorating, thus increasing the cost of electricity. That in turn could negatively affect raw-material companies. The Nikkei 225 Stock Average (NKY) dropped
U.S. blue chips inched higher on accelerating pace of budget talks to halt the so called fiscal cliff and optimistic outlook for the Chinese economy as the economic data beat the analysts' estimates. However, representatives of both parties cautioned that an agreement on all outstanding issues I far from achieved. The Dow Jones Industrial average advanced 0.1%, or 14.75 points,
U.S. shares gained on better-than-expected Chinese economic data and the recent development in U.S. budget talks. Yesterday Barack Obama met the House Speaker John Boehner face-to-face at the White House. Representatives of the two leaders revealed no details on their proposal, yet stating that both, Obama and Speaker, leave room for a split-the-difference agreement.The S&P advanced less than 0.1% to
German shares jumped to their highest level in 19 months after ZEW Center for European Economic Research in Manheim released data that showed investor confidence rose to 6.9, better than the expected gain to minus 11.5, in December compared to last month's minus 15.7.The DAX index surged 0.75%, or 57.38 points, to 7,587.75 at 16:11 GMT reaching its highest level
Most U.K. shares advanced as the Federal Reserve is going to expand its asset purchases to ensure economic stimulus, and economic data indicated German ZEW advanced in December. The FTSE 100 index gained 0.2%, or 12.50 points, to 5,933.45 by 15:44 GMT. The gauge has advanced 13% from its lowest level this year in June when the ECB and Federal
Chinese shares edged lower compared to the previous session with weaker mainland markets capping the Hong Kong's gains on investors being cautious prior to last meeting of the U.S. Federal Reserve this year. It is awaited that the Fed will decide on buying $45 billion per month of longer-dated Treasuries to replace the Operation Twist program] at the beginning of
Growth of the German gross domestic product will slow down next year amid weaker export and business investments, the RWI institute reported on Tuesday. GDP of the country is forecast to accelerate 0.3% next year, less than a 1% rise projected earlier by the German think tank. Moreover, economic output is set to grow 0.7% this year compared to a
German ZEW Economic Sentiment rose 22.6 points to the highest level in seven months in December 2012, overshooting economists' projections. The Index of investor and analyst expectations increased from minus 15.7 in November to 6.9, while economists estimated a gain to minus 11.5."The financial market experts forecast the development of the economic activity in 2013 with pre-Christmas optimism. Although the
U.S. blue chips inched higher on accelerating pace of budget talks to halt the so called fiscal cliff and optimistic outlook for the Chinese economy as the economic data beat the analysts' estimates. However, representatives of both parties cautioned that an agreement on all outstanding issues is far from achieved.The Dow Jones Industrial average advanced 0.1%, or 14.75 points, to
Oil traded around the one-month low after declining for 5 days, posting the longest period of loss since October, amid concerns that a government report will show supply increase in the U.S., the largest crude consumer. Gasoline inventories are expected to reach eight-month high, while distillate supplies may increase for a second week. The contract for January-delivery crude was settled
U.S. shares gained on better-than-expected Chinese economic data and the recent development in U.S. budget talks. Yesterday Barack Obama met the House Speaker John Boehner face-to-face at the White House. Representatives of the two leaders revealed no details on their proposal, yet stating that both, Obama and Speaker, leave room for a split-the-difference agreement.The S&P advanced less than 0.1% to
The New Zealand Dollar reached the highest since November 5 versus its Australian peer on data showed house prices in New Zealand rose 7.3% in November from 2011, posting the biggest annual gain in four years. Aussie dropped 0.1% versus the New Zealand currency and traded at NZ$1.2535, a five-week low. Kiwi advanced 0.1% versus the U.S. Dollar to 83.54
After gaining for three days and reaching the highest in a week yesterday, gold fell in London ahead of the Federal Reserve's last meeting in 2012 to expand monetary stimulus. Immediate delivery gold declined 0.2% to $1,709.56 an ounce, while the contract for February-delivery fell 0.2% and was settled at $1,710.70. Immediate deliver silver was 0.5% lower at $33.0963 an
Denmark's government announced that a debt reduction will be a top priority, despite a forecast that the domestic economy will contract by 0.5% in next year. Denmark debt to GDP ratio is 46.6% and is slightly less than half the Euro zone average, but governors believe that debt mountain's reduction will bring more benefits than pushing it up. However, Denmark's
The U.S. treasury rates for a 10-year note holds yesterday's gains and approaches a one month high, as investors traded on speculations that the Federal Reserves Bank will expand its monetary easing program - purchases $45 billion of U.S. government debt every month. The FED's two day meeting starts today and will update a guidance for the further U.S. monetary
The Indonesia's Central Bank held the key interest rate unchanged at a record low 5.75%, according to the central bank announcement in Jakarta today. The benchmark rate was unchanged for a 10th consecutive meeting, as a domestic currency was close to a three year low, reducing possibility for monetary easing. The Rupiah, Indonesian currency, lost 6.5% versus the Dollar in
The Stoxx Europe 600 Index was 0.1% lower in the very beginning of Europe trading session on Tuesday. Markets wait for the news form the U.S., where the budget issue is still open and threatens to push the U.S. into recession. Also, the Federal Reserves have a two days meeting today, which will be followed by updates for the further
Spot gold price slipped down by 0.4% to $1,706.95 an ounce during Singapore trading session on Tuesday. Gold depreciated after three-day gain or fell from $1,717.36, the most expensive since 3 of December. Precious metal traders took a profit as the price reached a one-week high after speculation that the Fed will expand its monetary easing programme in an upcoming
South Africa retail sales increased by 1% in October on annual basis, comparing with 4.7% increase in September, according to the Statistics South Africa report on Tuesday. The actual number was sharply lower than a 4% forecast of economists and the sales reached the lowest pace of expansion since February 2010. On seasonally adjusted basis sales slipped by 1.7%
The South Korean Won increased by 0.2% to 1.076,68 per Dollar in the end of Seoul trading session on Tuesday. The Won appreciated for the third day and reached a 15-month high. Market optimism for the Won is based on the investors' bets that U.S. governors are making progress on the next year budget agreement and the FED will introduce