The Switzerland's housing bubble index advanced 0.05% to 1.20 in third quarter, thus remaining in the risk zone. According to the UBS bank, the advance of index was supported by price increase in residential property, which is higher than the actual growth of the economic output and household earnings.
The British Sterling gained on Thursday rising for a third session against the U.S. Dollar after a government data showed that industrial production in the U.K. advanced above a forecast in the month September. The Pound added 0.2% to $1.6073 as of 4:29 p.m. in London following a gain to the strongest level since October 29 at $1.6118 earlier on
The Canadian currency strengthened on Thursday rising for the first time in a three-day period after commodities rallied earlier on the session led by crude oil, the country's largest export. The so-called Loonie increased 0.4% to C$1.0418 per U.S. Dollar as of 5 p.m. Toronto time following a drop to the lowest level since September 6 at C$1.0497 on October
Emerging-market equities fell on Thursday falling for a sixth day pushing the benchmark gauge towards its lowest level in five months before U.S. payrolls and as the European Central Bank faces decision of interest rates cut. The MSCI Emerging Markets Index declined 0.3% to 1,013.63 as of 1:04 p.m. Hong Kong time, the weakest level since October 9.
Corn declined on Thursday falling for the seventh straight session and heading towards the lowest level in three years amid speculation that the government in the U.S. may raise its production forecast for domestic crop in tomorrow's report. December Corn futures fell 0.2% to $4.2025 a bushel on the CBOT, the least since August 2010.
The Australian Dollar declined against its U.S. counterpart on Thursday after a government data showed the job-providers created 1,100 jobs in the month of October, shy of a forecast of 10,000 new jobs and raising concerns that employment may stay weak in next months. The so-called Aussie decreased 0.5% and traded at 94.77 U.S. cents.
U.S. Treasuries declined on Thursday pushing the prices towards the lowest level in a three-year period against their international peers amid speculation that the Federal Reserve may curb its stimulus monetary program sooner than forecast. The benchmark 10-year government bond yielded at 2.64% by 2:31% Tokyo time.
West Texas Intermediate oil swung between gains and losses on Thursday following the largest increase in a five-week period after a report showed that the fuel consumption in the world's largest consumer, U.S., grew the most since July. WTI for settlement in December gained 6 cents and traded at $94.86 on the NYMEX as of 12:45 p.m. in Singapore.
The European Central Bank will most likely to maintain its benchmark interest rates unchanged on today's policy meeting waiting for a result of an inflation report, when the last euro-area inflation recorded 0.7% in October, shy of a 2% target. The ECB's 23-man Governing Council last cut its rates in May, when it lowered the interest rate by 25 basis
The 17-nation bloc currency swung between gains and losses on Thursday after a favourable government data from the Europe's largest economy, Germany, signaled that the European Central Bank may keep its interest rates unchanged on today's meeting. The Euro traded at $1.3520 after falling to $1.3548 yesterday, while it rose to 133.30 yen.
Shares traded on Wall Street gained on Wednesday pushing the Dow Jones index to its new historical high mainly due to a notable increase of Microsoft Corp and favourable economic data from Europe, while the S&P 500 stayed below its all-time high. The S&P 500 Index added 0.43% to 1,770.49, the Dow Jones industrial average jumped 0.82% to 15,746.88 and
Asian stocks declined on Thursday before a government data showed that payrolls in the U.S. declined raising investors' expectations of the Federal Reserve stimulus scale back and as the European Central Bank is likely to maintain its rates unchanged. The MSCI broadest Asia-Pacific gauge outside Japan slipped 0.4% after staying flat on Wednesday.
Bullion for December delivery jumped 0.73% to $1,317.70 an ounce this morning on New York's Comex, as U.S. Dollar index weakened and speculation on expanding global market among traders, after reported increase of Supply Management's PMI index to 55.4 point in October, edged up precious metal futures. Meanwhile silver futures advanced 1.35% to $21.930 an ounce.
Retails sales in Eurozone declined 0.6% in September, missing analysts' forecast of 0.4% decrease, the Eurostat said, while the retail sales on annual basis added 0.3% in September. The GDP's estimated 0.4% decline in Eurozone, together with nation's debt-to-GDP ratio at 93.4% and record high unemployment rate of 12.2%, are most likely to be the reasons for such market reaction
Indonesian government plans to allow foreign companies to invest in country's ports and airports, while the economic growth in the country decreased to 5.6% in the third quarter of this year. Moreover, Indonesian economy faces declining foreign investment, high inflation level and dropping national currency's exchange rate. In the second quarter the country's economy added 5.8%.
German factory orders gained 3.3% in September, exceeding significantly the analysts' expectations of only 0.5% advance, following the 0.3% fall in August, the Federal Ministry of Economics and Technology data revealed on Wednesday. The October‘s Purchasing Managers' Index remained above 50 and advanced to 51.7 points, 0.2 points higher than estimated, while the services PMI declined to 52.9 in October,
Services industry in Italy posted an advance in activity for the second consecutive month, as the benchmark PMI Index, which measures a level of activity in this sector of Italian economy, eased to 50.5 points in October from 52.7 points a month earlier. Economists, in turn, forecasted the index to decrease to 51.2 points. Still, the reading above 50 points
Spanish services industry reported a continuation of decline in activity, while the benchmark PMI Index, which measures the activity in this particular sector of the country's economy, increased to 49.6 points in October of 2013 from 49 points in the previous month. At the same time, the index still remains below the 50 points mark, the reading above which would
Building permits in Canada advanced 1.7% in September of this year to $6.26 billion, while the data was much lower than the majority of economists expected. The median forecast stood at a 6% growth after a revised 20% decline a month earlier. Moreover, the non-residential building permits decreased slightly by 0.8%, while residential permits surged as much as 3.3% from
The Halifax House Price Index jumped 0.7%, heading the ninth monthly grow, while the biggest mortgage provider in U.K. reported the house prices increase of 1% in October, as small interest rates and stronger consumer confidence, resulted from signs of economic recovery, led to a higher demand. This factor also affected the car sales, after the SMMT showed the 4.0%
The Britain's industrial output advanced 0.9%, which is 0.3% more than expected, after it dropped 1.1% in August, according to data from Office for National Statistics today in London. The manufacturing production added 1.2%, also exceeding forecasts. However, all the production figures above will have only minimal effect on GDP Q3 forecast, the statistics office said.
The Britain's currency jumped for a third straight day versus greenback, after U.K. industrial production rose more than expected in September, government report showed. The Pound advanced 0.3% to $1.6101 as of 11:28 a.m. in London the longest advance since period ended on October 2. Meanwhile the Sterling jumped to a five-week high versus the European currency and traded at
The shared currency reported small gains of 0.17% versus the greenback, after the Europe's largest economy, Germany, reported Purchasing Managers' Index. The PMI advanced to 52.9 points, thus passing predictions of 52.3 points. The Euro has managed to bounce back from one month low, which was caused due to rise in unemployment last week.
The Stoxx 600 Index advanced 0.3%, almost reaching the highest level in five years, after companies reported earnings that exceeded expectations. Alstom SA surged 3.6% after announcing increase in operating profits and said to rise two billion euros by asset sales. The largest temporary workforce provider Adecco SA jumped 4% after they reported increase in profit.