Emerging markets economic growth eased in January falling towards the lowest level in a four-month period, the latest data published by Markit Economics and the HSBC Bank showed on Monday. According to the report, the HSBC monthly index derived from the purchasing managers' indicator slipped from December's 51.6 to a level of 51.4 points recorded in January.
Economy watchers' indicator of current situation and outlook in Japan weakened in January dropping by more than economists originally projected, a report published by the Cabinet Office showed on Monday. Japan's current index measuring economic conditions dropped from December's level of 55.7 points to 54.7 points recorded in January.
Manufacturing sector in the Europe's largest economy eased in the last month of 2013 after recording a notable advanced in the previous month, a report published by the Federal Statistical Office showed on Monday. German manufacturing sector turnover fell on a monthly basis by 1.5% in December after rising by 2.4% in the prior month.
The U.S. Dollar inched higher on Monday rising towards the highest level since the end of January amid expectations that the U.S. Federal Reserve may trim its stimulus measures despite disappoint jobs data revealed on Friday. The U.S. Dollar Index measuring its performance against most-traded peers gained 0.1% to 80.735, up from its one-week trough of 80.599.
The British Sterling declined on Monday snapping its two-day gain against its U.S. counterpart before the Bank of England revealed its outlook for the nation's economy and the consumer price index in the quarterly report published this week. The Pound fell 0.1% to $1.6403 as of 8:01 a.m. in London following an advanced by 0.6% in the last two sessions.
The majority of Asian shares increased on Monday trading session after Wall Street remained stable despite disappointing U.S. jobs data on Friday and as the new Federal Reserve Governor Janet Yellen testifies on Tuesday and Thursday expected to keep the monetary policy loosen. The MSCI Asia-Pacific gauge outside Japan rose 0.3%, while the Shanghai benchmark index added 1.7%.
El cambio neto del empleo canadiense durante el mes de enero fue positivo ya que registró 29.400 nuevos puestos, superando así ampliamente a las lecturas vistas durante el mes de diciembre de 1.700 desempleados más. La lectura se considera ampliamente positiva ya que superó el consenso de 20.000 puestos más.
An unexpected drop in German industrial output in December warns about the Europe's biggest economy's vulnerability to weakness in the rest of the region. Today's report showed manufacturing output fell 0.5% in December compared to the previous month as well as investment-goods production declined 2.5%. Berlin Economy Ministry said today that production slid 0.6% from November, after it gained revised 2.4%.
Natural gas futures dropped in the third day since forecasts indicated weaker winter storms and warmer weather in the end of this month in New York. Natural gas futures for March delivery declined 3.3% to $4.767 per million British thermal units reaching to $.816 at 10.32 a.m. As alleged by Energy Information Administration data released yesterday, U.S. inventories slid 262 billion cubic feet in the
The 18-nation currency dropped for the first day out of last three versus the U.S. Dollar as Germany questioned the bailout plan for crisis-hit Eurozone nations. The Euro slid 0.2% to $1.3567 as of 9:55 a.m. in London, it has advanced 0.6% weekly. Eurozone's currency fell 0.1% to 138.56 Yen, reversing gains to 0.7% since January 31, while the Japanese
Precious metals mostly advanced on Friday before the Labor Department reported that employers in the U.S. added jobs on a faster rate in January than in the previous month keeping the jobless rate unchanged. Silver for February settlement slipped 0.7% to $19.8299 an ounce, palladium added 0.5% to $713.94 an ounce and platinum jumped 0.7% to $1,385.25 on ounce.
Gold futures were little changed on Friday trading session and were set to record a weekly advance before a government report showed that payrolls in the U.S. increased suggesting that the Federal Reserve may trim its bond purchases further as the economy improves. Bullion for delivery in February gained 0.2% to $1,260.58 an ounce as of 9:51 a.m. London time.
Natural gas traded in New York slipped on Friday trading session falling for the third straight day after weather forecast showed that temperatures in the U.S. later this month should increase weakening demand for the commodity. Natural gas for settlement in March fell 3.3% to $4.767 a million British thermal units on the NYMEX and was last seen at $4.816
Emerging-market stocks advanced on Friday trading session extending its series of gains this week mainly due to a notable growth of technology companies, however the local benchmark stock index has declined this year through February 4. The MSCI Emerging Markets Index surged 0.8% following an increase of 1.4% yesterday.
China's shares increased on Friday session rising on their first trading day after the region's weeklong holiday as unfavourable manufacturing and service sector data were overshadowed by a rally of technology and small-company stocks. The Shanghai Composite Index gained 0.6% to 2,044.50 after falling 0.9% earlier on the session.
German government bunds were little changed on Friday trading session after the two-year bond yields dropped from the strongest level in a week and as investors expected industrial output report possibly showing an improvement in the Eurozone's factory sector. The benchmark 10-year yield slipped one basis point to 1.69% as of 7:46 a.m. in London.
The British Sterling increased on Friday session rising against the 18-nation bloc currency snapping its two-day drop before a government report showed that industrial production in the United Kingdom advanced in the last month of 2013. The Pound added 0.2% to 83.07 pence a Euro as of 9:12 a.m. in London following a slide by 0.6% in the prior two
West Texas Intermediate oil fell on Friday trading session and was traded close to the strongest figures in seven days as fuel demand outlook in the U.S., the world's largest consumer of oil, improved on recent favourable economic data. WTI for settlement in March slipped as much as 22 cents to $97.62 per barrel on the NYMEX as of 4
The European benchmark Brent crude slightly advanced on Friday session before a government report showed that U.S. payrolls rose by 180,000 last month and after jobless claims declined in the week ended on February 1. Brent for settlement in March gained 9 cents to $107.28 per barrel on the London's ICE Futures Europe exchange.
European shares advanced on Friday trading session extending their largest gain in a seven-week period before a government report showed that employers in the world's largest economy hired more workers than last month. The benchmark index Stoxx Europe 600 increased 0.3% to 323.75 as of 9:53 a.m. London time after it gained 1.5% yesterday on ECB's decision to keep interest
Industrial output in Sweden gained modestly in the last month of 2013 together with a growth rate missing initial economists' forecast, the latest report published by the country's statistical office showed on Friday. The Swedish industrial production rose annually 0.1% in December in comparison to 0.8% drop originally projected, while month-on-month it slipped 1% in December.
According to the Office for National Statistics data, the U.K. trade registered a considerable improvement in December of the previous year, as the negative gap in narrowed to 7.7 billion pounds from 9.8 billion pounds a month ago. The data showed a 1.9% climb in exports, while imports dropped 4.7%. Deliveries of U.K. goods and services to the EU added
Merchandise trade balance in Finland came in a deficit in the last month of 2013 as the shortfall notably shrank from the same period last in 2012, the latest data revealed by the Customs office showed on Friday. Finland's merchandise trade shortfall recorded 210 million euros in December compared to 334 million euros deficit in December of 2012.
Industrial production in the United Kingdom rose less than predicted in December of 2013, while the overall trend for country's economic development remains positive. Output added 0.4% on a monthly basis, while the median estimation of 31 Bloomberg economists was a 0.6% advance. Factory output, however, jumped 0.3%. This sector of the U.K. economy accounts only for 15% of GDP.