Precious metals started the week on the positive note as persistent concerns about US debt ceiling talks sent US Dollar lower. Moreover, speculation that the Fed will make no changes to its easy monetary policy boosted the commodity group. Bright physical demand perspectives also supported precious metals.Gold climbed on weaker greenback after US Treasury Secretary Timothy F. Geithner said a
The MSCI Pacific Index was higher by 0.2% to 132.39 points by midday in Asian trading session on Tuesday. The region gauge extends an upside movement for a third month in a row, heading for the highest level since August, 2011, as previous data indicated China's economy recovery and on speculation that Japanese Prime Minister will reach more aggressive monetary
The Shanghai Composite Index increased by 0.3% to 2,317.85 points by midday in Asian trading session on Tuesday. The index has reached the highest value since 18th of July, 2012. The market expanded its gain after a yesterday's 3.1% increase, as government said it can increase quota ten times for foreign financiers to purchase domestic securities. Today investors traded on
The Australian Dollar, also known as the Aussie, lost 0.1% to $1.0553 in the second part of Sydney trading session on Tuesday. The Aussie slipped against the majority of its 16 peers ahead a report, which will indicate changes in unemployment sector. According to analysts, that Australia's jobless rate will increase to 5.4% from 5.2% in November, and this level
The Yen advanced by 0.6% to 88.99 per Dollar and increased by 0.8% to 118.83 per Euro by midday in Tokyo trading session on Tuesday. The Japanese currency appreciated versus all its 16 major counterparts, as economy minister of Japan sparked speculation, that the central bank of Japan will not implement additional measures to weaken its domestic currency. Akira Amari
German shares edged higher after the President of Federal Reserve Bank of Chicago Bank recommended for U.S. central bank to extend its monetary easing policy to support the nation's economy. The DAX index increased 2.1% to 7,717.62 by 15:59 GMT. Six out of nine groups inched higher in the benchmark gauge. Health care sector rose the most, as Fresenius Medical
UK shares stayed flat, as U.S. central banker suggested to continue taking monetary stimulus measures to boost the nation's economy. The latter offset shrinking business confidence in December. The FTSE 100 index erased 0.1%, or 3.76 points, to 6,117.82. All but three sectors contracted in the gauge. Schroders gained 2.8%, the most in the index, leading gains in the financial
Brazilian stocks advanced, heading for their one week high, as Brazilian producers rallied on a surge in commodities. The optimism among investors has been raised on speculation the U.S. and Japanese bankers will take more measures to spur the economic growth. The Bovespa index climbed 0.6% to 61,877.20, mainly led by gains in the oil and gas shares. Only three
Hong Kong shares rose, as mainland stocks rallied after a regulator announced China could increase by ten times the quotas for foreign investment. Hong Kong stocks are mainly advancing on gradually improving Chinese economy. The Hang Seng index erased its losses in the last week and climbed 0.7% to 23,418.15. However, only four out of nine sectors in the gauge
U.S. blue chips climbed for a second week, as optimism rose about fourth-quarter profits and rising Chinese exports. The Dow Jones Industrial Average advanced 0.4%, or 53.22 points, to 13,488.43. Five out of nine groups in the gauge advanced with the oil and gas sector rising the most by 0.9%. Microsoft Corporation posted biggest rally in the index with its
The Euro currency topped at $1.3404 level on Monday trading session, reaching an 11-month high. The Euro increased by 2.5% since the ECB president Mario Draghi expressed more optimistic outlook for the European economic recovery in late last week. Today will be released industrial output data of the Eurozone, which, according to economists, should indicate a 0.1% increase on monthly
Residential property transactions in Spain decreased by 6.1% on annually calculated basis to 25,655 sales in November, as the statistical office INE announced on Monday. Sales, including free homes, were lower by 3.5% compared to the last year, while the protected house sales dipped by 24%. Overall, the total number of sales of all types of property declined by 5%
U.S. stocks extended their gains for a second consecutive week on rising optimism about better-than-expected Chinese exports and corporate profits of the fourth quarter. The S&P 500 index rallied to 1,472.12, its highest in five years. However, only five out of ten groups in the gauge edged higher. Best Buy Co. added 16.4% to $3.52, the biggest gain in the
The U.S. 10-year yields benchmark slipped by 2 basis points, or 0.02 percentage point, to 1.85% in early London trading session on Monday. Treasuries increase for a second day, as market waits a report from the U.S. government on consumer prices changes in December. According to economists, the index should remain unchanged, meaning stagnated prices in December.
The Indian wholesale-price index increased to 7.18% comparing with the previous year, but was lower than a 7.24% number in November, as the Commerce Ministry said on Monday in New Delhi. The actual number was lower than a 7.37% economists' estimate. Indian inflation slowed to the lowest level in last 11 months, what increases speculation about the domestic key interest
The MSCI Asia Pacific excluding Japan index was higher by 0.3% to 477.41 points in the midday time in Hong Kong trading session on Monday. Stocks in Asia, excluding Japan equity, was increasing for a third day out of four leading by Chinese shares. The China's Shanghai Composite index was up by 2.4%, as market was driven by positive speculation,
The Swiss Market Index increased by 0.6% to 7,188.22 points in the end of Zurich trading session on Friday. The index closed in the highest level since September, 2008, making a four-year high. Swiss market is driven by news from Japan, which approved stimulus to boost domestic economic recovery and this overshadowed concern from China, that it will refrain from
Crude oil futures for February settlement were higher by 0.7% reaching $94.22 a barrel by midday in Hong Kong trading session on Monday. The price has breached a $94 benchmark, as the U.S. Dollar depreciated and China has announced a positive data, that quotas for foreign investment can be increased by 10 times. That would possibly increase demand for oil
The Euro Stoxx 50 Index futures, a benchmark for the Euro area, were rose 0.5% to 2,725 points in early London trading session on Monday. European equities were higher, as Charles Evans, Fed of Chicago President, said that the central bank should proceed to support domestic economic recovery until it gets back on the track and will be sustainable. The
Corn futures for March settlement were higher by 1.8% to $7.215 for one bushel in Chicago during Asian trading session on Monday. The price was very close to the highest level since the 18th of December. Commodity investors traded corns with positive sentiments, as the U.S. supply shrunk more than expected after the worst drought since the 1930s. Inventories of
Farm commodities jumped on Friday after closely-watched USDA global supply report showed a fall in the US grain inventories after the worst drought since the 1930s. Meanwhile, ongoing index funds' rebalancing sent softs higher. Soft US Dollar also was supportive for rural commodities.Wheat gained after the USDA slashed its forecast for US reserves for the end of the current marketing
Energy futures, excluding natural gas dropped on Friday as growing China's inflationary pressure dampened expectations for more loose monetary policy in the country. Weak US trade data also weighed on energy prices. Meanwhile, traders remained cautious ahead of a speech by Ben Bernanke due on Monday.Crude oil slid on disappointing figures from the US and China. Putting additional pressure, US
Industrial metals apart from nickel were bearish on Friday amid profit-taking and China's inflation reading. China's inflation rose more-than-expected last month, weighing on the country's stimulus hopes. Weak data from the US as well as elevated LME inventories put additional pressure on base metals.Aluminum declined as investors sold the metal to take profits after a recent increase in prices. Meanwhile,
EUR/USD pair increases for a third consecutive day, still maintaining a bullish momentum from the ECB decision to leave the interest rate unchanged.