Treasuries declined on Monday trading session falling together with their counterparts world-wide amid speculation that geopolitical tension in Ukraine eases pushing demand for safe-haven assets lower. The benchmark 10-year government notes yielded four basis points lower at 2.64% as of 8:35 a.m. in New York.
Producer prices in the 18-nation bloc declined at the beginning of 2014 as the drop was steeper than economists' originally expected, a report revealed by the statistical office Eurostat showed on Tuesday. According to the report, the Eurozone's produce prices fell on a sequential basis by 0.3% in January following a 0.2% gain recorded in the month before.
Commodities fell from the strongest level in six months amid speculation the concerns about the energy and agriculture supplies as a result of the increasing tension in Crimea region could be overstated. The Standard & Poor's GSCI Index dropped 1.1% to 653.15 after reaching 1.6% yesterday, the strongest point since September 6. Brent crude fell 1.7%, wheat declined 0.9% in
Non-oil private sector in the United Arabic Emirates continued to increase in the month of February with the pace of growth reaching one of the highest levels all-time and rising for 54 months in a row, a report published by the Markit Economics showed on Tuesday. According to the report, the PMI added from 57.1 in January to a level
Inflation in the Organisation for Economic Cooperation and Development increased at the beginning of 2014 mainly due to an advance in energy prices rising by 2.1% in January, a report released by the OECD unveiled on Tuesday. According to the report, consumer prices in the area added 1.7% in January following a gain by 1.6% in the month before.
Ukraine's parliament decided to ratify an agreement accepting a loan from the European Union on Tuesday as the financial package was agreed last month under the country's President Viktor Yanukovich but never ratified. The loan provided by the 29-nation bloc totals 610 million euros, or $840 million, and should help the country to get out of financial problems.
The Russian currency slightly increased on Tuesday trading session after falling by more than two percent yesterday amid speculation that the geopolitical tension in Ukraine's Crimea peninsula eased as Russian sent its soldiers back to base. The Rouble rose 0.4% to 36.38 versus the U.S. Dollar and advanced 0.3% to 50.01 a Euro.
Russian equities edged higher on Tuesday following a notable decline recorded yesterday amid investors' speculation that geopolitical tension in Ukraine's Crimea peninsula may ease as Russian ordered its troops to return back to base after military training. The benchmark MICEX index added 3.4% to 1,333, while the RTS gauge jumped 3.7%.
Shares across the world increased on Tuesday trading session rebounding after yesterday's declines after the Russian Federation ordered its troops to return back to base after military exercise raising concerns over possible war conflict in Ukraine. The MSCI broadest Asia-Pacific gauge outside Japan gained 0.2%, while the FTSE Eurofirst 300 rose 1.1%.
Russian and Ukrainian longer-term bonds increased on Tuesday after the Russian Federation entered Ukraine's Crimea peninsula yesterday and as Moscow today ordered its troops to return back to base after a military exercise taking place in western and central Russia. Ukraine's 10-year bonds advanced 1 cent to 84.2, while Russian 20-year notes added 1.7 cents on the U.S. Dollar to
The Reserve Bank of Australia decided to maintain its monetary course, keeping the benchmark interest rate at the record low mark of 2.5% for seventh month in a row. Moreover, the RBA pointed on stability period in monetary policy, however, the inflationary pressure remains quite high. Prices in the country will probably add 2-3%, in line with the RBA target
Current account deficit in Australia dropped 19% in the last quarter of 2013 from the previous three months, reaching $10.14 billion, while experts waited for a $10 billion shortfall. At the same time, the indicator for the July-September quarter was revised positively to a $12.54 billion deficit. It is worth pointing out that surplus of trade for goods and servives
Building approvals, which were issued in Australia in January of this year, climed 6.8% on a montly basis, reaching as many as 17,514. At the same time, analysts predicted a small rise of 0.5%. Moreover, year-on-year, the indicator surged 34.6%, beating forecasts of 24% as well. Meanwhile, the decline for December was revised positively from -2.9% to -1.3%.
Natural gas futures dropped to the lowest settlement in six weeks in New York amid speculation that demand will decrease with milder weather forecast. Natural gas for delivery in April dropped 11.7 cents to $4.492 per one million of Btu on the NYMEX, the lowest price since Jan. 21. The futures dropped 25% in the prior week, making the biggest
WTI crude prices traded near the highest level in five months on speculation that inventories of distillate-fuel decreased in the U.S., the biggest oil consumer in the world. West Texas Intermediate crude for delivery in April was at level of $104.70 a barrel on the NYMEX, losing 22 cents, as of 1:16 p.m. Singapore time. The contract added $2.33 to
Natural gas traded in New York declined on Monday session falling for the 5th time in a six- day period amid speculation that demand for the commodity may decreased as winter in the U.S. weakens. Natural gas for settlement in April slipped as much as 4.3 cents to $4.566 as million British thermal units as of 11:55 a.m. on the
The European benchmark Brent crude increased on Monday rising towards the strongest level in two months on escalating geopolitical tension between Ukraine and the Russian Federation, the world's biggest oil producer. Brent for settlement in April jumped as much as 2.5% to $111.80 per barrel as of 11 a.m. in New York on the London's ICE Futures Europe exchange.
Commodities world-wide increased on Monday pushing the index measuring 24 raw materials towards the highest level in nearly six months as Russian troops entered Ukraine's Crimea raising concerns over possible war as Putin declares he had right to enter the country. The S&P GSCI Spot Index jumped 2.1% to 663.48, the most since September 9.
Canadian shares were little changed on Monday trading session erasing increased recorded earlier on the day after global equities declined as investors seek for safe-have assets amid raising concerns over war conflict in Ukraine's Crimea peninsula. The Standard & Poor's/TSX Composite Index slipped 1 point to 14,208.99 as of 11:34 a.m. Toronto time.
European shares declined on Monday trading session falling by the most in over four weeks after touching the strongest level in a six-year period last week and investors seek for safe-have assets as Ukraine geopolitical tension increased as Russian intervened. The benchmark Europe Stoxx 600 Index slipped 2.3% to 330.36, the largest fall since January 24.
Gold bulls run for $1,400 an ounce, the highest price since September, as the serious standoff between the West and Russia boosts demand for safe haven. Bullion futures for April delivery added 2.2% on Monday trading session to $1,350.30 on the Comex in New York, after they reached $1,355, the highest price since October. The April $1,400 call gained 240%
U.S. Treasuries gained from yesterday as demand for safety was boosted by Russian seizing of Ukrainian headquarters in Crimea. U.S. 10-year yields traded at 2.61% at 1:38 p.m. in Tokyo from yesterday, when they touched 2.59%, the least since Feb. 4. The price of the 2.75 % note due in February 2024 was little changed at 101 6/32.
Australia's currency lost after the RBA announced the yield stays high following a decision to keep the interest rate at the lowest level today. The Aussie dropped as much as 0.2% to 89.24 U.S. cents at 3:05 p.m. in Sydney after it touched earlier 0.4%. Australia's benchmark 10-year interest rate set at 3.99%. The interest rate on debt maturing in
Japan's currency depreciated versus most of its 16 major counterparts as Haruhiko Kuroda, Bank of Japan Governor, states that there's strength for carry trade. The Japanese Yen dropped 0.2 % to 101.62 per greenback at 1:11 p.m. in Tokyo after it touched 101.20 on Monday trading session, the highest level since Feb. 5. It contracted 0.1% to 139.51 per 18-nation currency after