The European currency was traded higher on Tuesday session rising against the U.S. Dollar and the Japanese Yen after the European Central Bank President Mario Draghi commented on current monetary situation in the Eurozone as inflation stays low. The Euro advanced as much as 0.1% to $1.3860 and it rose 0.3% to 142.37 yen.
The majority of European shares advanced on Tuesday session after some companies showed favourbale earnings reports and as the European Central Bank signaled that it may maintain its current monetary policy. The FTSE Eurofirst 300 Index gained 0.8% to 1347 points and the German benchmark index DAX rose 1.2% to 9558 points.
Wall Street opened higher earlier on Tuesday trading session after companies showed favourable earnings reports led by Merck & Co rising by 2.1%. The Standard & Poor's 500 Index added 0.23% to 1,873.68, the Dow Jones industrial average gained 0.19% to 16,480.33 and the Nasdaq Composite index traded 0.31% higher at 4,087.12.
Gold traded in New York dropped on Tuesday trading session falling for the second successive day trimming its monthly gain as investors stayed focused before the Federal Reserve began its policy meeting today. Bullion for delivery in June declined as much as 0.1% to $1,297.70 an ounce as of 10:08 a.m. on the New York's Comex.
The third largest car maked in the world, Volkswagen AG, increased its January-March profit by 22%, comparing with a year earlier, as Porsche income surged 22%, while Audi increased net profit by 0.5%. In total, the group ended the quarter with 2.86 billion euros EBIT. Today, the Volkswagen AG equities are increasing in price by 0.2% to 191.18 euro by
Deutsche Bank AG, the biggest investment bank in Europe, reported today a 34% decline in its quarterly profit for January-March period, as revenue from trading currencies dropped 10%. Net income reached 1.08 billion euros, which was a bit higher than expected by analysts. Today, Deutsche Bank AG shares are climbing 2.4% to 32.18 euro by 11:00 GMT in Frankfurt.
Economic confidence level in the Eurozone surprisingly plummeted in April of the current year, as unstable political situation in Ukraine and slowing GDP growth in China raises concerns that Eurozone's economy will not increase the pace of growth. The indicator from the European Commission declined to 102 points from 102.5 in March, while experts predicted the rise to 102.9 points.
130 biggest banks of the EU will be tested by the ECB in November, as they will go through a simulated very tough economic decline and rise in unemployment in order to estimate, how can they withstand this downward pressure. Moreover, the simulation will include a 19.2% plunge of the stock market and 21.2% decrease in home price. Polish zloty
Economic growth in the United Kingdom increased the pace of advance during the first threee months of this year, as the GDP added 0.8% on a quarterly basis after a 0.7% rise in October-December. Year-on-year economy surged 3.1%, the largest jump since 2007. However, economy is still 0.6% below the year 2008 maximum, as during the financial crisis British economy
Gold traded in New York advanced on Monday rising to the strongest level in almost two weeks and set to record its third monthly increase in four months as demand for safe-have assets improved on Ukraine's geopolitical crisis. Gold futures for settlement in June swung between gains and losses and were last seen at $1,299.7 an ounce as of 7:59
The European benchmark Brent crude was traded flat on Monday rebounding from the largest drop in a three-week period as speculators boosted bets on gains to the strongest level since September last week as Libya may lift one of its oil field's force. Brent for delivery in June gained 62 cents to $110.20 per barrel on the London's ICE Futures
West Texas Intermediate oil increased on Monday trading session rebounding from the weakest level in nearly three weeks after the U.S. signaled it may put more sanctions on the Russian Federation as the Ukraine crisis continues. WTI for settlement in June advanced $0.92 to a level of $101.52 per barrel on the NYMEX and was last seen at $101.17 by
German equities increased on Monday trading session following drops recorded last week as companies reported favourable earnings reports with Bayer AG rallying by the most in a fifteen-month period. The benchmark stock index DAX jumped as much as 0.4% to 9,442.67 as of 3:44 p.m. Frankfurt time after falling by 0.1% last week.
Consumer sentiment in Italy surprisingly increased in April rising by much more than economists originally expected, the latest report released by the statistical office Istat showed on Monday. According to the report, the country's consumer confidence gained from March's level of 101.9 points to 105.4 points in the following month, while it was initially seen to be recording a drop
Foreign trade balance in Sweden came in a surplus on an annual basis in March, the Statistics Sweden showed in a preliminary report on Monday. According to the report, the country's foreign trade surplus recorded 2.6 billion Swedish Krona, the smallest figure in a three-month period, while in February the surplus posted 6.1 billion.
Retail sales in Ireland increased on a sequential basis in March following a drop in the prior month, the latest data unveiled by the Central Statistics Office revealed on Monday. According to the report, the country's retail sales volume rose monthly by 1.7% in March reversing previous month's slide of 1.2%, whereas retail sales value gained 1.4% in March.
House price balance in the United Kingdom increased on a monthly basis in April remaining unchanged from the month before, the latest data revealed by the property website Hometrack showed on Monday. According to the data, the U.K. average asking house price was up 0.6% in April, the same level recorded in March, while year-on-year, house prices gained 6.0% on
Gross domestic product in the United Kingdom continued to increase in April and economists predict even stronger advance for the second quarter of this year, the Confederation of British Industry showed in a survey today. According to the survey, the think tank's indicator shows an advance in growth expectations from +19% to +25%.
Import prices in Germany declined on a yearly basis in March falling towards the weakest level since August 2013 as energy prices fell sharply on the month, a data unveiled by the statistical office Destatis showed on Monday. Germany's import prices slipped 3.3% on an annual basis in March compared to a 2.8% drop originally forecast.
The Europe's largest economy is likely to expand at a slower rate in the Q2 as it increased firmly in the first three months of 2014, the latest monthly report unveiled by the Bundesbank showed on Monday. According to the report, the German GDP may slow as it increased strongly mainly due to a mild weather and a notable gain
Exports in the city state of Hong Kong advanced on an annual basis in the month of March despite expectations of drop, the latest report released by the Census and Statistics Department revealed on Monday. According to the report, the country's exports gained 3.4% year-on-year in March following a 1.3% fall in the prior month.
The British Sterling increased on Monday trading session rising towards the strongest level in more than four years against the U.S. Dollar after a report showed that merger and acquisition activity in pharmaceutical sector improved. One of the biggest pharmaceutical company Pfizer confirmed its bid to AstraZeneca, the British second largest drugmaker.
The Euro-are currency strengthened on Monday rising towards the highest level in a two-week period versus its U.S. counterpart amid speculation that the Eurozone's inflation report this week may show that prices rose slightly faster last month. The Euro advanced as much as 0.3% to $1.3880 and it traded 0.4% higher at 141.95 yen.
Global shares remained flat on Monday trading session with the benchmark world-share index swinging between gains and losses traded near the weakest level in ten days as investors stayed patient as the Ukraine tension continues. The MSCI global equity gauge measuring performance of stocks world-wide was flat following a drop by 0.7% on Friday session.