The composite leading index of the Organization for Economic Cooperation and Development area grew further in March suggesting that the growth is gaining momentum, a report released by the OECD showed on Wednesday. The composite leading index advanced by 0.1% on a monthly basis to 100.5 in March after it jumped by 0.12% in February and January.
Copper traded in London dropped the most in almost two weeks on Tuesday on signs that economic performance of China, the world's largest user of the metal, is weakening as the outlook for growth was reduced by JPMorgan Chase & Co. August copper futures slipped by 2.3% to $7,241 a metric ton as of 11:32 a.m. on the London Metal
French current account balance came in deficit in March largely due to an improvement in merchandise trade, a data revealed by the Bank of France showed on Tuesday. According to data current account shortfall decreased from 5 billion euros recorded in February to 2.9 billion euros in March, while the goods trade account showed a deficit of 4.6 billion euros
Investor confidence in Germany grew at a slower pace than preliminary estimated in May as continued economic slump in the Eurozone weighed on sentiment, a survey by the Centre For European Economic Research (ZEW) unveiled on Tuesday. The ZEW economic sentiment indicator added from 36.3 in April to 36.4 in May, while it was forecast to grow to 40.
Industrial output in the 17-nation bloc increased more than forecast in March mainly due to a 3.8% growth of energy production and a 1.2% increase in capital goods, the latest report released by the statistical office Eurostat showed on Tuesday. According to the report industrial production rose 1% a sequential basis in March after it expanded by 0.3% in February.
European shares decreased on Tuesday before reports showed that German investor confidence rose in May and industrial production output in the 17-nation bloc gained 0.5% in March. The benchmark Stoxx Europe 600 Index fell by 0.2% to 303.8 as of 8:32 a.m. London time after it increased to the highest figure since June 2008 last week as a reaction on
U.S. treasuries were little changed on Tuesday after the Federal Reserve Bank of Philadelphia President Charles Plosser said that the Fed should reduce its bond purchasing program as early as the next meeting. The benchmark 10-year bonds yielded at 1.91%, when it declined one basis point as of 8:55 a.m. London time after the rates rose to 1.94% yesterday, the
West Texas Intermediate oil fluctuated on Tuesday, while it was traded close to its weakest level in more than a week before a report showed that stockpiles in the U.S. increased to the highest level since 1931. June WTI futures were traded 12 cents higher at $95.29 a barrel on the NYMEX as of 3:38 p.m. in Singapore after they
Japan's domestic corporate goods prices moved up in the month of April beating a forecast showing unchanged level in prices, the latest data unveiled by the Bank of Japan showed on Tuesday. According to data, an index measuring domestic corporate goods prices climbed 0.3% in April compared to a forecast of an 0.1% gain, while the total number of domestic
Italy's harmonized inflation eased in April with the harmonized price index of consumer goods (HICP) gaining 1.3% on an annual basis in April, less than a 1.8% advance recorded in the month before, the statistical office Istat reported on Tuesday. The report also showed that consumer price index fell from 1.6% in March to 1.1% in April, while it was
Property prices in the United Kingdom recorded a positive result in April with the gauge measuring house prices turning into positive reading for the first time since June 2010, the Royal Institution of Chartered Surveyors reported on Tuesday. The house price balance increased from -2 in March to 1 in April amid increasing demand for housing.
EU harmonized inflation in Germany eased down in April matching economists' projections, when the harmonized price index of consumer prices (HICP) slowed down from 1.8% in March to 1.1% in April, the Federal Statistics reported on Tuesday. The report also showed that consumer price index fell 0.5% in April after it rose 0.5% in the month before.
Wholesale price in Germany decreased in April falling for the first time since November 2009, according to a report released by the Federal Statistical Office on Tuesday. The report showed that wholesale prices fell by 0.4% year-on-year in April reversing a 0.3% gain recorded in March, however, wholesale prices were expected to drop by 0.6%.
Inflation measured by harmonized price index in Spain slowed down notably in March mainly due to a significant decline of communication costs, which fell by 4% on an annual basis, the latest data released by the statistical office INE showed on Tuesday. The harmonized price index dropped to 1.5% after it recorded 2.6% in March, while consumer price index slowed
Retail sales in the U.S. recorded a surprisingly modest increase in April mainly due to a 1.0% increase in motor vehicle and parts dealer's sales following a 0.6% drop in the previous month. A report released by the Commerce Department unveiled on Monday. The report showed that retail sales moved up by 0.1% in April after it fell 0.5% in
Business inventories in the U.S. stayed flat for the second straight month in March, while retail inventories decreased and wholesale inventories rose, the Commerce Department reported on Monday. The report showed that business inventories missed economists' forecast of a 0.3% gain, when it stayed unchanged, while retail inventories dropped 0.5% and wholesale inventories added 0.4% in March.
The Japanese Yen strengthened by 0.3% to 101.5 per U.S. Dollar in the morning of Tokyo trading session on Tuesday. The currency rallied from a four-month high, as technical indicators delivered signals that recent drop might be too rapid. The USD/JPY Relative Strength Index for a 14 days period slipped beneath a 30 level, which refers about an oversold situation
The South Korean Won was higher by 0.1% to 1,110.35 per U.S. dollar in the morning of Seoul trading session on Tuesday. The currency erased last three-day loss, as international funds bought domestic equity. Investors boosted their appetite for more risky assets, including emerging markets, as U.S. retail sales indicated an increase.
The Australian Dollar advanced by 0.3% to 99.89 U.S. cents by the midday trading session in Sydney on Tuesday. The currency finished a six-day depreciation period, as it reached 99.41 at the bottom point, which is the weakest level since 14th of June. Investors wait for the national budget announcement, which should signal about a potential growth.
The Canadian Dollar strengthened by 0.1% to 1.0106 per U.S. Dollar in the end of Toronto trading session on Monday. The currency gained against 15 of 16 most-traded counterparts, as U.S. retail sales data indicated an unexpected growth in April. Positive changes in the U.S. market bring buy signal of the Canadian Dollar, as the U.S. is the biggest trading partner
Economic performance of 17-nation bloc is set to decline in the first three months of 2013 recording the sixth successive quarterly fall bringing the region to the longest depression since the Euro was created. Gross domestic product of the euro area is expected to drop 0.1% in the Q1, which would exceed a recession in 2008-2009 lasting for 15 months.
Inflation in India measured by the consumer price index slowed down in the month of April mainly due to a slower growth in fuel and light prices, a report revealed by the Central Statistics Office showed on Monday. According to the report, the country's CPI advanced by 9.39% on an annual basis on April after it grew 10.39% in the
Retail sales adjusted for working days in Switzerland dropped in the month of March mainly due to a notable 3.3% fall in non-food sector sales and a 1% declined in retail trade turnover, the latest data released by the Federal Statistics Office revealed on Monday. Swiss retail sales fell 0.9% on an annual basis in March, while sales excluding fuel
China's retail sales and industrial production increased at a faster rate in April than the month before, a report release by the National Bureau of Statistics revealed on Monday. According to the report, industrial output rose 9.3% on an annual basis in April, up from 8.9% in March, while retail sales advanced by 12.8% year-on-year in April, more than 12.6%