The leaders of G20 largest economies warned U.S. and their allies in possible Syria War that the global economic growth may decline, as any political conflicts force investors save money till the better times. On Thursday the BRICS leaders decided to make a $100 billion fund of currency reserves. Moreover, the political instability made oil prices go up, as oil
American employers added 169 thousand jobs this August, while analysts predicted a rise of 180 thousand. It is worth to say that the month earlier American companies hired only 104 thousand people. Moreover, the jobless rate surprisingly fell to 7.3% from 7.4% in July. Economists did not expect the decrease of jobless rate. The U.S. Treasuries and stocks advance on
The British Pound cut a seven-day climb versus the common currency as an indicator of activity in the U.K. manufacturing sector slowed its increase pace in July, reducing demand for the Sterling. The pound slid versus majority of its 16 most-traded counterparts after BoE kept the interest rates at record low yesterday. The Britain's currency lost 0.2% to 84.31 pence
Copper increased in London, heading towards a weekly surge, ahead of data expected to indicate employment increased in the U.S. Copper for settlement in three months gained 1.1% to $7,187 per metric ton, while the December copper contract rallied 0.8% to $3.2715 per pound. Employers hired 180,000 workers in August, compared with 162,000 people in the month before.
The U.S. Dollar traded near the highest level in seven weeks versus the basket of major currencies, as upbeat U.S. economic report boosted expectations that jobs data later in the day may support the Federal Reserve's plan to scale back stimulus. The U.S. Dollar index was steady at 82.528, while the common currency was at $1.3131.
Asian shares declined, cutting a six-day increase and snapping the regional benchmark index's largest weekly advance since July, while investors expect the monthly American employment data. The MSCI Asia Pacific Index dropped 0.2% to 133.02, with Japanese Topix index falling 0.9% and Chinese Shanghai Composite increasing 0.7%.
The common currency remained steady versus the greenback, while increasing yields on U.S. treasuries prolonged to support the U.S. Dollar before employment report. The common currency was steady at $1.3123 versus the greenback. The U.S. 10-year treasury bills yielded 3% for the first time since July 2011.
German 10-year government bunds were flat, headed towards a weekly decrease, ahead of data analysts said will indicate German industrial activity dropped in July. German 10-year bonds yielded 2.04% and the price of the 1.5% note maturing in May 2023 remained at 95.30. Germany's industrial production is forecast to retreat 0.5% from June, when it advanced 2.4%.
Germany released data which showed the nation's overseas sales decreased 1.1% in August on a monthly basis, while inbound shipment advanced 0.5%. The largest economy in Europe exported goods worth of 93.4 billion euros and at the same time imported goods worth of 77.3 billion euros in July 2013. The German trade balance indicated a surplus of 16.1 billion euros
The British currency remained flat against the greenback and 17-nation currency ahead of the data analysts said will indicate U.K. manufacturing activity gauge rose at a slower pace in July. Industrial production is expected to jump 0.2%, after jumping 1.1% in June. The Sterling was flat at 84.13 pence versus the Euro and remained at $1.5601.
The Japanese currency advanced against the U.S. Dollar before the key macroeconomic data from the U.S., with non-farm payrolls forecast to increase by 176,000 in August in the U.S. The Japan's Yen inched up 0.32% to ¥99.77 versus the U.S. Dollar and advanced 0.25% to ¥131.00 versus the common currency, and jumped 0.22% to ¥155.69 against the Sterling.
The common currency slid to a six-week bottom against the greenback as Mario Draghi, the ECB President stated that officials discussed interest-rate cut. The Euro dropped versus the Japanese currency, while the U.S. Dollar climbed through 100 Yen, first time after July. The Euro lost 0.6% to $1.3125 at 10:26 in New York, while the greenback added 0.4% at 100.11
Activity in the main sector of the U.S. economy surged this August, while the Institute for Supply Management benchmark index advanced to 58.6 points from 56 points the month earlier. It is worth saying that the index reached its highest value since December 2005. Analysts, on average, estimated the ISM index to decline to 55 points. The index above 50
European equities rose as ECB confirmed that interest rates will remain low for a prolonged period. The Stoxx Europe 600 Index advanced 0.7% to 304.36 as of 3:16 p.m. London time. The benchmark indicator reduced 2.4% during last week on distress the U.S. with its allies could attack Syria. The Euro zone economy increased 0.3% during last three months.
Spanish government budget deficit reached 4.38% from January to August, while the target stood at 3.8%. A lot of analysts from the Bloomberg survey predict the budget gap to reach 6.5% in 2013. Thereby, it is too early to speak about economic recovery in the country that has the highest unemployment rate in the Eurozone at 27%, while more than
U.S. labor market is on the way of stable recovery, while jobless claims in the country continue to decrease. In the last week, which ended on August 31, the number of people who applied for a jobless allowance surprisingly fell to 323 thousand from the previous weeks' 332 thousand. U.S. employers, in turn, added more than 176 thousand new jobs,
Haruhiko Kuroda, the Governor of the Bank of Japan, said on Thursday that the regulator may increase the monetary stimulus after the planned sales-tax rise. Japanese economy is growing at a slower pace than predicted, while the 2% inflation target may be at risk of being failed to achieve. Moreover, a lot of analysts predict that the Bank of Japan
According to the outlooks of leading EU and American banks, U.S. lawmakers will move the debt ceiling talks to mid-October, while the Treasury secretary Jacob Lew pointed that the limit can be reached by that time. It is worth to say that the current amount of debt the U.S. can allow stands at $16.7 trillion. Moreover, Lew said that on
Sales of new homes in two main regions of Canada advanced this August from the previous year. Real estate companies' registrations of new houses in Toronto, the first large market in the country, were up 21% to 7569 units this August, while in Vancouver region new home sales surged as much as 52%. Moreover, the average new house price increased
European stocks remained stable on Fed saying the U.S. economy is recovering moderately, as investors awaited central-bank meetings. The Stoxx Europe 600 Index gained almost 0.1% to 302.45 as of 9:53 a.m. London time. S&P's 500 Index futures lost 0.1%, while the MSCI Asia Pacific Index added 0.1%. The interest rates are expected to be kept unchanged at 0.5%, according
European stocks advanced ahead of central banks' meetings, and as the Fed saw a gradual pickup in the world's largest economy. Asian shares jumped, while U.S. stock futures remained almost unchanged. The Stoxx Europe 600 rose 0.3% to 303.3, after losing 2.4% last week amid military tensions over Syria. S&P 500 index futures fell less than 0.1%, whereas MSCI Asia
WTI crude traded close to the one-week low amid limited military strikes on Syria, alleviating concerns the tensions will spread and disrupt oil supplies. WTI for October settlement traded at $107.40 a barrel, up 17 cents, dropping to $107.23 yesterday, the biggest decrease since August 20. Meanwhile, Brent for October delivery rose 19 cents to $115.10 a barrel.
Australian trade balance unexpectedly turned into red in July, a huge gain in imports offset the incremental increase in exports. The Australian Bureau of Statistics said the difference between the number of exported and imported goods and services stood at -$765 million in July, from a downwardly- revised $243 million surplus a month earlier. Analysts, however, expected a surplus of
The Australian Dollar declined from the strongest level in more than two weeks ahead of an ADP Research Institute's report which might signal the U.S. companies added jobs a month earlier, reinforcing the view for the Fed to taper stimulus. The kiwi also lost some ground before U.S. Labor Department jobs report tomorrow. The Aussie slid 0.3% to 91.50 cents,