U.S. Treasuries were little changed on Monday before a report showed that payrolls in the U.S. advanced by 150,000 employees in April after it rose by 88,000 the month before and as manufacturing output tumbled in April. The benchmark 10-year yield was at 1.66% at 7:05 a.m. London time, while the 2 per cent note's price was 103 3/32.
European stocks depicted the biggest weekly gain that has not been seen in five months after investors considered the ECB would cut its interest rates and as various companies showed better-than-projected results. The benchmark Stoxx Europe 600 Index climbed 3.7% to 295.89, the biggest weekly gain since November, while the U.K.'s FTSE 100 advanced 2.2%, France's CAC 40 added 4.3%
West Texas Intermediate oil dropped a second day as a government agency indicated economic slowdown in China, the world's second-biggest crude consumer. WTI for June settlement plummeted 57 cents to $92.43 a barrel and the volume of traded futures was 25% lower than the 100-day average. Meanwhile, Brent for June delivery slid 51 cents to $102.65 a barrel and the
New Zealand's Dollar advanced against all its major counterparts as building permits increased to highest in five years, after the central bank implied that housing boom might force it to raise interest rates. The kiwi rose 0.5% to 85.22 U.S. cents and climbed 0.1% versus the Aussie to NZ$1.2102. The Australian Dollar appreciated 0.4% to $1.0315.
Growth in profits of Chinese industrial companies slowed down in March, indicating that the recovery of state's economy is losing steam. It is said that net income rose 5.3% from a previous year to 464.9 billion Yuan ($75 billion), compared to 17.2% growth in the first two months, during which profit increased 12.1% to 1.17 trillion Yuan. Due to investors'
Asian stocks climbed as the regional indicator showed its biggest weekly gain in 16 weeks, on optimism central banks would retain loose monetary policies in order to ensure positive economic growth. The MSCI Asia Pacific Index excluding Japan added 0.3% to 477.17, Australia's S&P/ASX 200 Index rose 0.5%, while South Korea's Kospi index slid 0.3% and Taiwan's Taiex Index lost
The Bank of Japan retained unprecedented plan to increase money supply and predicted inflation would nearly match the target in 2015 despite the fact that a report stressed deflation's grip. According to estimates, consumer prices will increase 1.9% in fiscal year which starts from April 2015. However, there are some parties which see this goal as completely unrealistic and indicate
The Euro fell versus majority of its peers amid speculation the European Central Bank would continue to decrease its record-low benchmark interest rate as the region's economy struggles to grow. The Euro slid 0.2% to $1.2989, lost 1.1% against the U.K. currency to 84.30 pence and weakened 0.3% to 129.14 Yen; however, it has been stated that the ECB monetary
China's Yuan climbed to 19-year high as the central bank set currency's reference rate on amid signs fund inflows are increasing pace. The Yuan advanced 0.2% reaching nearly 6.1650 per greenback, generally rising 0.74% in April, leading to the best month since last year's October. It is believed that pressure for Yuan's appreciation is growing after China's surplus jumped to
Malaysia's Ringgit climbed for a third day, the longest winning streak in three weeks, amid speculation of further monetary stimulus in Japan and that Europe would increase demand for emerging-market assets. The Ringgit appreciated 0.1% to 3.0314 per U.S. Dollar, showing improvements of 0.7% in three days and bearing little changes for the week. The one-month implied volatility dropped 43
For the past week South Korea's won has been leading gains among Asian currencies as economic growth surpassed predictions, while the Thai Baht reached the worst five days taking into account last seven years on speculation that there would be currency control measures. The Won appreciated 0.4% to 1,112.01 per greenback, the Yuan rose 0.2% to 6.1650, Taiwan's Dollar gained
The Aussie and Kiwi strengthened for a third day versus the U.S. Dollar amid bets that world's major central banks stimulus would ensure capital inflow into the South Pacific nations' higher-yielding assets. The Australian Dollar gained 0.3% to $1.0321, while slid 0.3% to 101.89 against the Yen. Meanwhile, Kiwi rose 0.4% to 85.30 U.S. cents and fell 0.2% to 84.21
The Pound Sterling was poised for its biggest one week gain since June versus the greenback after a report indicating the U.K. economy managed to prevent a triple-dip recession diminished speculation that the Bank of England would increase stimulus. The Pound remained almost unchanged at $1.5437, while it depreciated 0.2% to 84.45 pence per Euro, cutting first weekly gain against
The Japanese currency gained for a second day versus the greenback and strengthened at least 0.3% against all 16 major counterparts as the Bank of Japan retained a pledge to boost monetary base without summarizing any additional measures so to reach its inflation target. The Yen climbed 0.6% to 98.69 per U.S. Dollar and 0.5% to 128.46 per Euro, while
Gold price for immediate delivery was higher by 0.4% to $1,436.78 per ounce in the morning of Singapore trading session on Thursday. The price reversed from a 0.3% drop and set a seventh positive performance out of eight, as central banks took opportunity to increase gold reserves, as some physical buyers already did, after the sharpest decrease in gold in 33 years.
Wheat futures for July settlement were lower by 0.3% to $6.9075 per one bushel on the Chicago Board of Trade in Singapore trading hours on Thursday. The commodity depreciates for a fourth day and is on a losing strike since 5th of February. Investors expect lower price of wheat amid Canada's plans to increase planting and boost harvest of the second-biggest exporter in
West Texas Intermediate oil futures for June settlement were higher by 26 cents to $91.69 a barrel on the New York Mercantile Exchange in the first part of Tokyo trading hours on Thursday. The price is close to the highest point in two weeks, as the U.S. gasoline stockpiles decreased by 3.93 million barrels last week, the most in a
The Japanese Yen was lower by 0.2% to 129.50 per Euro and little changed at 99.51 against U.S. Dollar in the end of New York trading session on Wednesday. Investors say that a gradual depreciation of the Yen pushes investors to seek overseas investments with higher yield. The Yen lost 6.5% since the beginning of April, thus capital outflow might be expected.
The Thailand's Bath increased by 0.1% to 28.90 per U.S. Dollar in the morning of Bangkok trading session on Thursday. The currency erased a three-day loss, as international investors enlarged their holdings of the domestic debt amid optimism the Thailand's economy is improving. Global funds purchased $2.2 billion additional debt than they sold in April through yesterday increasing this year's
The South Korean Won advanced by 0.2% to 1,115.89 per U.S. Dollar in the morning of Seoul trading session on Thursday. The currency touched 1,114.29, what is the highest level since 17th of April. Investors traded the Won positively, as the gross domestic product increased by 0.9% in the first quarter comparing with preceding three months beating a 0.7% market's
The Mexican Peso depreciated by 0.3% to 12.2790 per U.S. Dollar in the morning of Mexico City trading session on Wednesday. The currency is still higher by 4.7% this year indicating the best performance among the 16 major greenback's counterparts. The Peso weakened as the U.S. durable-goods orders slipped below expectations or the most in previous seven months. Economic data
The British Pound was higher by 0.4% to $1.5329 and 0.2% to 85.06 against Euro by the midday trading session in Tokyo on Thursday. The Sterling gained, as analysts said that the domestic economy will expand by 0.1% in the first quarter, following a -0.3% decrease in the preceding period. Such estimation eases expectations of additional monetary easing measures.
The Canadian Dollar was slightly changed at 1.0256 per U.S. Dollar in the end of Toronto trading session on Wednesday. The currency slipped against the major counterparts, as the U.S. durable-goods orders dropped more than forecast. Investors speculate that slowdown in the U.S., the biggest Canada's trading partner, will undermine Canadian exports.
Corn futures for July settlement were lower by 0.2% to $6.125 per one bushel on the Chicago Board of Trade in Singapore trading session on Wednesday. The price slipped to the lowest level since 26th of June or a ten-month low, as investors speculated that some parts of the U.S. might be dry and warm making weather conditions suitable to accelerate planting.