Wall Street shares closed lowered on Monday trading session dragged down by technology sector companies and biotech shares after recording notable gains in the previous sessions. The Standard & Poor's 500 Index slipped 0.49% to 1,857.44, the Dow Jones industrial average fell 0.16% to 16,276.96 and the Nasdaq Composite index decreased 1.18% to 4,226.385.
European equities increased earlier on Tuesday session and were seen to be rising today after yesterday's heavy drops after a report showed that private sector in the Eurozone continued to grow and as China last week declare it may introduce modern market system soon. The German DAX Index was traded 0.4% higher in the morning session on Tuesday, while the
The majority of Asian stocks dropped on Tuesday trading session amid concerns over Ukraine's political situation and the global economic recovery and as China revealed its plan to introduce modern market system within two years. The MSCI Asia-Pacific gauge outside Japan added 0.2% and the Japan's Nikkei 225 gained 0.4%.
China's Yuan advanced the most two years as The People's Bank of China hiked the reference rate for the first time in a week after officials predicted no further fall in the exchange rate. The Chinese currency added 0.58%, the largest gain in three years since Oct 10, to 6.1888 per greenback at the close in Shanghai. It contracted 1.2%
Treasury notes due to 2024 dropped for the first time in three days ahead of the U.S. selling $96 billion of fixed-rate notes. The U.S. 10-year yield climbed 0.03 percentage point, to 2.77% as of 8:37 a.m. in New York. The 2.75% note due in February 2024 fell $2.50 per $1,000, to 99 26/32. The interest rate advanced to 2.82%
Japanese Yen depreciated versus most of its 16 main peers as the IMF announced improving state of the global economy. The Yen dropped to its weakest level in two weeks against the Aussie on speculation the BoJ will boost stimulus. Japan's currency contacted as much as 0.2% to 102.47 per greenback as of 8:02 a.m. New York time. It traded
West Texas Intermediate oil slightly increased on Monday session despite a fast that hedge funds lowered their bets on further increase in prices amid concerns that sanctions put on the Russian Federation may disrupt oil supplies. WTI for delivery in May added 42 cents to $99.88 per barrel on the NYMEX, while the WTI-Brent discount was at $7.12.
The U.K. pound dropped the most in four months against the greenback as the Fed and BoE gave oppposite signals on the future rate of yields. The U.K. currency depreciated 0.9% to $1.6491 as of 4:58 p.m. London time, the biggest drop unseen since November 1. It dropped to $1.6476 on Friday trading session, the weakest since February 12. The
The European benchmark Brent crude declined on Monday trading session falling for the first day in three after a government report showed that manufacturing production in China slowed down in Marc easing for the fifth straight month. Brent for settlement in May lost 47 cents to $106.45 per barrel on the London's ICE and it was last seen at $107.01
Manufacturing activity in the U.S. is expected to record a slow-down in the month of March, according to a survey released by the Bloomberg News today, with the factory index falling from 57.1 points in February to 56.5 in March. The survey also showed that new house sales report released tomorrow may show a drop from 468,000 to 445,000 in
Wall Street shares increased earlier on Monday trading session pushing the benchmark stock index Standard & Poor's 500 higher extending its last week's increase as Apple Inc. rose by 1.2% leading gains after the company held talks with cable operator Comcast Corp. The S&P 500 Index added 0.3% to 1,861.9 by 7:45 a.m. New York time and the Dow Jones
Silver traded in London dropped on Monday trading session reaching the weakest level in five weeks, while other precious metals slightly advanced on mine strikes in South Africa and concerns about supplies from Russia. Silver for delivery in March lost 0.7% to $20.198 an ounce, whereas Platinum jumped 0.1% to $1,436.25 an ounce and palladium climbed 0.4% to $797.75 an
Gold traded in London decreased on Monday falling towards the weakest level in three weeks amid speculation that demand for physical gold may decline as investors expect the U.S. Federal Reserve curb stimulus measures as the economy improves. Gold for settlement in March slid as much as 0.7% to $1,325.27 an ounce as of 9:31 London time.
Emerging markets equities slightly advanced on Monday trading session with the gauge measuring performance of emerging shares rising for the second straight day, while the Russian benchmark index MICEX fluctuated after reaching its first gain in five weeks. The MSCI Emerging Markets Index added 0.9% to 953.21 at the close on Monday session.
The majority of European stocks declined on Monday trading session snapping last week's notable gains before global leaders gathered to discuss geopolitical tension in the Ukraine's Crimea overshadowing ongoing recovery in Europe. The benchmark index Stoxx Europe 600 dropped as much as 0.5% as of 6:39 a.m. New York time.
The Australian currency continued to gain from the prior week as traders predict that the Reserve Bank of Australia will hike the rates within one year as the economy strengthens. The Aussie gained 0.1% to 90.93 U.S. cents at 5:45 p.m. in Sydney after it added 0.6% last week. It advanced 0.3% to 93.15 Japanese Yen. The yield on
Japanese stocks increased on Monday rising by the most in almost four weeks with the region's benchmark stock index Topix paring its 2-week drop as export companies increased and precision-instrument makers advanced as well. The Topix gained 1.5% and was last traded at 1,163.04, while the Nikkei 225 Stock Average added 1.8% to 14,475.30.
The Japanese Yen declined earlier on Monday trading session falling versus the majority of it most traded counterparts after the International Monetary Fund signalled that the economy world-wide is improving and as BoJ plans to boost stimulus next week to weaken impact of tax hikes. The Yen slipped as much a 0.2% to 141.36 a Euro by 6:04 a.m. London
Consumer price inflation in Singapore weakened in February falling for the third consecutive month and at a faster pace than economists initially expected, the latest data published by the statistical office and the Monetary Authority of Singapore unveiled on Monday. The country's consumer price inflation fell from 1.4% recorded in January to 0.4% in the following month.
Manufacturing sector in China declined in March falling further into contraction and reaching the weakest level in eight months, the latest report released by the HSBC and Markit Economics showed on Monday. According to the report, the Chinese purchasing managers' index for manufacturing sector slipped from 48.5 in February to a level of 48.1 in the following month.
The world's second largest economy announced on Sunday that it will in the near future introduce market-base exchange rate for China's Yuan together with market-base interest rate in order to have a competitive and modern market system. The China's Vice Premier Gaoli Zhang affirmed above mentioned steps and promised to introduce them within two years.
The 18-naiton bloc currency was mostly flat on Monday trading session and was traded near the weakest level in two weeks against the U.S. Dollar, but not far from 2 ½ year high reached earlier this week after Herman Van Rompuy commented that the Euro is too strong for exporter. The Euro was last seen at $1.3799 and it traded
The U.S. Dollar remained firm earlier on Monday session holding on to previous week's gains with the U.S. Dollar index measuring its activity against the most-traded peers traded near the strongest level in three weeks. The U.S. Dollar index last stood at 80.143 after reaching the highest level in three weeks on Thursday at 80.354.
The majority of Asian equities increased earlier on Monday trading session, however losing some of their gains after the government report showed that manufacturing purchasing index in the world's largest economy dropped to the weakest level in eight months in March. The MSCI broadest Asia-Pacific gauge outside Japan added 0.2% after it was up 0.5% before the report.