European stocks mostly advanced, fueled by the latest better-than-forecast data from Germany, Italy and the U.K., and optimistic earnings reports. The European Euro Stoxx 50 index jumped 0.17% to 2,814.02 and German DAX advanced 0.20% to 8,415.30. German factory orders rose 3.8% in June, while French company Credit Agricole posted net income of €696 million in the second quarter.
U.K. 10-year note yields advanced to a one-month high as a government data indicating industrial output rose in June curbed demand for safer assets on speculation the economy is recovering at a faster pace. The U.K. benchmark 10-year bond yield climbed to 2.49% and the 1.75% note maturing in September 2022 retreated to 94.05.
Asian shares outside Japan declined as better-than-forecast expansion in U.S. service sectors boosted speculation the Federal Reserve may soon begin to scale back bond purchases. The MSCI Asia Pacific excluding Japan Index dropped 0.5% to 440.95, while Japanese Topix index added 0.8%. South Korean Kospi index decreased 0.5% and New Zealand's NZX 50 Index fell 0.3%.
The Sterling advanced versus the greenback for the third day, as Britain released better-than-expected manufacturing and production report in June. The Britain's currency added 0.11% to $1.5373 versus the U.S. Dollar and gained 0.08% to £0.8625 against the Euro, and rallied 0.24% to 151.32 versus the Japanese Yen.
U.K. shares fell for a third day in a row, making it the longest streak of losses in 14 days, as London-listed mining companies retreated. The FTSE 100 Index slipped 0.3% to 6,601.01 as of 9 a.m. London time; however, the gauge has advanced 9.5% since June 24 as the Fed stated that they will continue with their bond-buying programme.
WTI crude dropped moderately, prolonging the previous two sessions of losses ahead of important U.S. stockpiles report release. The September WTI contract was almost steady, falling 0.20% to $106.35 per barrel and the North European benchmark Brent declined 0.07% to $108.60 per barrel. The American Petroleum Institute's weekly data is forecast to show another fall in U.S. oil and fuel
The Australian Dollar advanced versus all its most-traded peers as the nation's central bank cut the benchmark interest rate to 2.5%. The Aussie gained 0.6% to 89.79 U.S. cents at 5:16 p.m. Sydney time, after it reached 88.48 on Monday. Australia's currency has fallen 11% this year to date, which is the sharpest decline among the major currencies.
The U.K. currency was little changed versus the U.S. Dollar and Euro ahead of U.K. industrial production data that grew in June, according to economists. The Sterling was little changed at $1.5337 by 7:14 a.m. in London after strengthening to $1.5378 on Monday. The Pound traded at 86.43 pence per Euro after climbing to 86.31 pence day earlier, the most
U.S. shares dropped from all-time highs after investors weighed the report indicating better-than-expected growth in service sectors and a Federal Reserve lawmaker's comment that the central bank is closer to scaling back its stimulus. The Standard & Poor's 500 Index declined 0.1% to 1,707.14 and the Dow Jones Industrial Average fell 0.3% to 15,612.13.
The 17-nation currency almost reached its highest level in seven weeks versus the greenback ahead of data that are expected to show that German factory orders bounced off in June. The Euro traded at $1.3252 as of 7:54 a.m. London time after appreciating to $1.3345 last week, the strongest since June 19. The shared currency gained 0.2% to 130.64 Yen,
Price of copper dropped after a release of a report showing that non-manufacturing PMI remained the same in July, signaling stagnancy in the biggest metal-consumer nation in the world. The metal declined 0.43% as of $3.159 per pound at 11:40 a.m. EDT. The service sector gauge was 51.3 in the last month, the same as in June. Readings above 50
Spanish ten-year bond yields declined to the lowest level in six weeks as a 17-nation currency bloc report showed a drop in services output was smaller than expected in June, adding signs the recovery is gathering pace. Spanish 10-year bond yield advanced one basis point to 4.58% as of 1:37 p.m. in London, while Portuguese yields fell to 6.54%, down
Gold declined for a fifth consecutive session in New York as demand for gold as a safe-haven waned on speculation the Federal Reserve will prolong monetary stimulus. Gold for December settlement dropped 0.3% to $1,306.30 per ounce as of 8:04 a.m. on the Comex, reversing an earlier advance of 0.7%. The yellow metal for immediate settlement fell 0.4% to $1,306.68
Five-year bond rates climbed to 1.36%, up four basis points, and the British Pound advanced for a second consecutive day versus the greenback as U.K services sector expanded by the most in more than half a year, beating economist estimates. The Sterling added 0.4% to $1.5351 as of 12:09 p.m. in London. Against the Euro, the Pound appreciated 0.5% to
欧盟委员会(Eurostat)公布，欧元区6月零售销售总量下降0.5%，预期为下降0.6%；年率下降0.9%，预期为下降1.2%。5月零售销售月率修正为增长1.1%，年率修正为增长0.3%。
According to a Eurostat report published today, Eurozone retail sales decreased 0.5% in June, better than predicted 0.6% decline. The indicator fell 0.9% year-on-year in June, while analysts expected a 1.2% fall. Retail sales were improving in May: a 1.1% increase month-on-month basis and a 0.3% advance year-on-year basis.
German shares climbed, with the regional benchmark DAX Index prolonging previous week's advance, as Deutsche Lufthansa AG rose. The DAX increased 0.2% to 8,422.1 as of 12:03 p.m. Frankfurt time and it added 2% past week, while the broader HDAX Index gained 0.2% as well. Moreover, the DAX index has climbed 10% this year to date.
Japan's currency traded 0.56% higher to 98.35 against the greenback as of 9:14 a.m. GMT as investors digest the U.S non-farm payroll data released on Friday. The report showed employers added 162,000 additional jobs, bellow the forecast of 185,000, boosting speculation the Fed may not reduce stimulus in September. Versus the British Pound, the Yen added 0.1% to 151.01.
European shares rose for a sixth straight day, the longest streak of gains yearly, as services output decreased at a slower pace than expected. The Stoxx Europe 600 Index climbed 0.5% to 305.62 as of 10:24 a.m. London time, the strongest level in approximately 10 weeks. The equity-benchmark advanced 1.8% previous week.
Pound jumped versus the greenback as strong construction and manufacturing report from Britain was posted. The Sterling gained 0.45% to $1.5354 versus the U.S. currency and added 0.34% to 0.8655 against the Euro, and remained steady at 151.12 versus the Japanese Yen. U.K. services advanced for the seventh month in July, as PMI increased to 60.2 last month, overshooting analysts
Gold climbed for a second day in a row as U.S. jobless data supported the Fed to continue with its monetary stimulus and on signs of risen demand after metal's prices decreased to the lowest in 14 days. Spot gold advanced 0.7% to $1,321.20 an ounce and traded at $1,314.66 as of 2:59 p.m. Singapore time. The yellow metal added
The common currency rose slightly versus its U.S. counterpart, as services Purchasing Managers Index in the Euro block's largest economy advanced less than forecast in July. The Euro climbed 0.08% to $1.3292 versus the greenback and fell 0.06% to 0.8679 versus the Sterling, and retreated 0.46% to 130.74 against the Yen. German final services PMI remained steady at 51.3 last
The Sterling rose moderately versus the greenback and the Euro, ahead of data that analysts said will indicate U.K. services grew for the seventh month in a row. The Britain's currency was at $1.5298 and at 86.78 pence versus the common currency. U.K. bonds declined 3.1% this year, with the treasuries falling 2.6%.
The Australian Dollar dropped to the weakest level since August 2010 after disappointing retail sales data pushed the currency down, ahead of the Reserve Bank Of Australia lawmakers meet on Tuesday. The Aussie retreated 0.27% to $0.8877 versus the greenback and fell 0.28% to A$1.4951 versus the 17-nation currency.