Wall Street shared edged lower earlier on Monday trading session as the benchmark stock index Standard & Poor's 500 recorded its historical high last week after a government data showed that exports in China declined surprisingly last month. The S&P 500 Index futures fell as much as 2.5%, the Dow Jones industrial average dropped 21 points and the Nasdaq Composite
Asian stocks tumbled after China reported drop in exports and Japan's economy advanced at slower pace than expected. The MSCI Asia Pacific Index retreated 1.1%, thus falling from its six week high, while the Japan's Topix index slipped 0.8%. The most significant decrease in stock market was for Fortescue Metals Group which sank 9.4% as iron ore futures plummeted.
Japan's economy climbed less than the forecast in the last quarter. The gross domestic product increased 0.7% annualised, while the analysts expected 0.9% growth. The Japan's economy in previous quarter advanced 1.1%, thus this quarter reaching the slowest rate of GDP growth since December 2012.
China's Yuan dropped after the People's Bank of China cut the currency's fixing the most in almost two years. The Yuan tumbled 0.27% against the greenback as the daily reference rate was lowered by 0.18 to 6.1312 per dollar. The slide by Yuan was also increased by the drop in overseas shipment which fell 18.1% in February - the largest
Palladium surged near to a highest level in one year, as the biggest exporter of palladium Russia is threatened sanctions by U.S. and its allies for Russia actions in Ukraine. Palladium price has jumped 8.8% this year, while this week it gained 0.4%. Russia together with second largest palladium exporter South Africa is responsible for almost 80% of palladium output
Switzerland's unemployment rate remained unchanged in February, data was announced by the State Secretariat for Economic Affairs on Friday. The seasonally adjusted unemployment rate remained on 3.2% mark, thus confirming economists' expectations, while the unadjusted unemployment rate also remained unchanged at 3.5%.
The Asian stocks advanced, after U.S. reported drop in unemployment claims, thus raising hopes that US jobs report might show growth. The MSCI Asia Pacific Index jumped 0.5% extending its winning streak to fourth day, while Japanese benchmark Nikkei 225 index rallied 0.9%, thus reaching third weekly gain of 2.9%.
The Australian Dollar advanced against greenback and is near its highest level in three months, after the Governor of Reserve Bank of Australia Glenn Stevens announced that monetary policy is well configured, and stable interest rate is needed in order to aid businesses. The Aussie has surged 1.8% this month, while in February Australia's currency jumped 1.9%.
The European benchmark Brent crude slightly increased on Thursday trading session after a conflict between Russia and Ukraine eased and as an industry report showed that demand for gasoline slipped 1.5% to 8.41 million barrels per day. Brent for delivery in April gained 6 cents to $107.82 per barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate oil declined on Thursday session falling for the third consecutive day after a report showed that inventories in the U.S. advanced and as concerns over geopolitical tension between Ukraine and Russian Federation cooled down. WTI for April settlement slipped as much 51 cents to $100.94 per barrel as of 9:38 a.m. on the NYMEX.
Bonds in the Eurozone declined on Thursday pushing the Spain 10-year yields towards the lowest level in more than eight years after the European Central Bank maintained its refinancing rates at a record low of 0.25% improving the Eurozone's growth forecast. The Spain 10-year yields added 0.01% to 3.37%, while the Italy's 10-year bonds yielded 0.02% lower at 3.40%.
German bunds decreased on Thursday after the European Central Bank decided to maintain its key interest rates unchanged for the fourth successive month and as the bank's President Mario Draghi forecast faster growth of the region. The German benchmark 10-year bonds yielded four basis points higher at 1.65% by 3:15 p.m. in London following a gain to 1.67%, the most
The U.S. Treasuries declined on Thursday trading session pushing the benchmark 1-year yields towards the strongest level in one week after a government report showed that initial jobless claims in the country fell more than forecast last week. 10-year yields gained two basis points to 2.73% as of 10:16 a.m. New York time following a gain to 2.75%, the most
The British Sterling declined on Thursday trading session falling against the euro-area currency after the European Central Bank President Mario Draghi revealed that the bank maintains refinancing rates unchanged and raised growth forecast for this year. The Pound fell 0.7% to 82.73 pence a Euro as of 3:26 p.m. in London.
New passenger car registrations in the United Kingdom advanced in February rising for the 24th successive month mainly due to continued improvement in confidence of consumers, a report released by the Society of Motor Manufacturers and Traders unveiled on Thursday. According to the private report, the U.K. car registration added 3% on an annual basis in February totaling 68,736 units.
New orders in the German manufacturing sector recovered in the month of January rising by more than economists initially expected, a report released by the Federal Ministry of Economics showed on Thursday. The country's new factory orders advanced by 1.2% on a sequential basis in January after falling by 0.2% in the month before.
New orders for manufactured goods declined in the U.S. falling by more than experts initially estimated in January, the latest data revealed by the Commerce Department showed on Thursday. According to the report, the country's new factory orders slipped 0.7% in January following a notable increased in the month before by 2.0%.
Initial claims for unemployment benefits in the world's largest economy declined last week by more than economists originally projected, a report revealed by the Labor Department showed on Thursday. According to the report, the U.S. jobless claims slipped by 26,000 from a level of 349,000 to 323,000 recorded in the week ended on March 1.
Labour productivity in the world's largest economy was downwardly revised on Thursday, a report published by the Commerce Department showed today, after the country's output fell less than forecast last week. According to the report, the U.S. productivity rose 1.8% in the last quarter of 2013, while it was estimated to gain by 3.2%.
The euro-area currency edged higher on Thursday trading session after the European Central Bank maintained its key refinancing rates unchanged for the fourth successive month cooling concerns over further cuts and weakening the Euro. The shared currency slightly advanced against the U.S. Dollar and was last seen at $1.3778.
Indian equities increased on Thursday trading session pushing the benchmark stock index BSE towards its record high and the other NSE gauge near its highest level all-time as blue chips continued to rise on strong demand. The BSE Index was last seen at 21,525.14, while the NSE gauge was traded 0.2% off its record peak of 6,415.25.
Shares in Moscow declined on Thursday falling for the second successive session this week after politics in the Ukraine's Crimea decided to vote for joining the Russian Federation and the Ukrainian current Prime Minister declared that a possible referendum would be banned. The U.S. Dollar-denominated RTX stock index slipped 2.8% to 1,148 points.
Wall Street inched higher earlier on Thursday trading session in New York after a government report showed that employers in the country added more jobs than initially expected and as tension between Ukraine and the Russian Federation eased. The Standard & Poor's 500 Index gained 0.28% to 1,879, the Dow Jones rose 0.27% to 16,404.94 and the Nasdaq Composite Index
The U.S. Dollar increased on Thursday rising against the Eurozone's currency and the Japanese Yen after a government report revealed that the country's employers added 139,000 jobs in February after falling in the month before. The so-called Greenback traded at $1.3745 during day against the Euro, while it advanced to 102.72 yen.