The Canadian Dollar rose versus its U.S. counterpart, snapping its 5-day losing streak as manufacturers' prices increased for the first time since April due to Hurricane Sandy that forced to close U.S. stock and bond markets for 2 days. Canada's Dollar gained 0.2% to 99.92 per U.S. Dollar cents. The loonie advanced along with oil and global stocks on rising
The U.S. Dollar fell against the major counterparts on speculation reports probably will show Chinese manufacturing is improving, sapping demand for safe haven assets. The U.S. Dollar bought 79.62 yen following a 0.2% decline yesterday. The greenback reached $1.2957 per euro after falling 0.4%, the biggest decline since October 17.
Asian stocks gained, rebounding from their monthly loss as industrial output of South Korea advanced, and home prices in the U.S. added up. The South Korean industrial production rallied on improved cars' and electronics' sales. The MSCI Asia Pacific index increased 0.8 per cent by 1:17 p.m.in Tokyo. The Nikkei 225 Stock Average index climbed 1.5 per cent. Chinese PMI is forecasted to increase to 50.2 in October from
On Tuesday, natural gas was falling in the U.S. morning trade, as nuclear reactors on the Eastern coast of the U.S. scaled back operations because of Hurricane Sandy. On the NYMEX, December delivery futures for natural gas were traded at $3.701 per million Btu, which was a 2.7% during the session.
On Tuesday, crude was traded higher in the U.S. morning trade, retreating from a 4-month low, amid postponed report on oil supplies. On he NYMEX, December delivery futures for light sweet crude were traded at $85.91 per barrel, which was a 0.45% daily gain. Earlier, contracts rose by 0.8%, hitting a session high of $86.24.
On Tuesday, the 17-nation currency was traded higher versus the U.S. Dollar, amid closed U.S. markets because of Hurricane Sandy. EUR/USD hit a session low of 1.2960, and later consolidated at 1.2966, which was a 0.48% gain for the U.S. morning trading hours. The pair's support was likely to be at 1.2885, while the resistance was prone to be at
On Tuesday, the British Pound was gaining versus the U.S. Dollar, ending a 3-day long streak of losses, after a report that showed an increase in U.K. retail sales. The Sterling grew by 0.3% to the level of $1.6081 by 15:17 p.m. in London. Earlier, the currency hit a session high of $1.6085 and a session low of $1.6022.
On Tuesday, copper retreated from an almost-2-month low, which was hit during a previous trading session, but gains were capped by global growth worries. On the London Metal Exchange, three-month copper grew by 0.51% to trade at $7,738.50 per metric tonne at 7:19 a.m. in London.
Standard & Poor's reported on Tuesday that its index of real estate prices in the U.S. gained the most in 2 years, adding to the signs of recovery of the economy. The S&P/Case-Shiller index of property values in 20 cities grew by 2% in August from a year earlier, compared to a 1.2% gain in the preceding month. Analysts expected
European stocks rebounded on Tuesday as traders cheered positive corporate earnings despite a pause in trading created by hurricane Sandy. The FTSE 100 added 0.93% to 5,848.74 points, the DAX 30 soared 1.10% to 7,282.12 points and the CAC 40 jumped 1.35% to 3,455.03. The IBEX 35 gained 0.99% to 7,805.10 points.
French shares are trading sharply higher on Tuesday after the largest European companies reported upbeat quarterly results. Meanwhile, investors are cautious as US markets remained closed because of Hurricane Sandy. The CAC 40 Index surged 1.36% to trade at 3,455.50. All sectors included in the index jumped. The top-performers were oil and gas producers and basic materials companies. Technip and
German shares were bullish on Tuesday on better-than-expected quarterly results of Deutsche Bank. However, persistent uncertainty over whether Spain will apply for a bailout and whether Greece with meet its budget targets restricted an upward trend of German blue chips. The DAX Index surged 1.08% and is currently trading at 7,280.66. Seven out of nine sectors included in the index
UK stocks moved higher on Tuesday amid positive quarterly reports from the biggest European companies. However, the upside was capped after Spanish PM said the country will apply for a bailout "when it will be in the country's interests". Meanwhile, global stock trading remained subdued as US trading was disrupted by Hurricane Sandy. The FTSE 100 Index gained 0.83% to
Hong Kong equities retreated further on Tuesday after the BoJ announced widely expected stimulus measures. Property developers continued to push Hong Kong blue chips index into the red territory amid concerns over fresh property-price curbing measures. Meanwhile, traders remained cautious ahead of the US consumer confidence data due later in the day. The Hang Seng Index slid 0.38% to end
Japanese shares tumbled on Tuesday after the BoJ eased its monetary policy by increasing the size of the asset-purchasing programme by JPY138 billion. The move was widely expected. Stronger Yen despite anticipated stimulus measures pushed exporters lower. Weakness in Japanese stocks and an appreciation in the national currency suggested that the markets had priced in the decision of the BoJ
Australian equities closed on the positive note on a quite Tuesday's trading as Wall Street was closed because of the Hurricane Sandy. The S&P/ASX 200 Index added 0.20% to close at 4,485.70. Nine out of ten sectors included in the index moved higher. The biggest gains posted telecommunications. M2 Telecommunications and Singapore Telecommunications jumped 0.79% and 0.40%. Virgin Australia Holdings
U.S. stock futures declined on Tuesday as investors estimated the financial impact of the hurricane to be billions of Dollars. Dow Jones futures slid 0.3% to 13,016, after falling 1% during an overnight trading. Futures on the S&P 500 tumbled less than 0.1% to 1,407, while those on Nasdaq 100 dropped 0.4% to 2,649.
U.K. retail sales advanced more than expected in October, jumping to the highest level in three months, the Confederation of British Industry showed on Tuesday. The retailers' index soared 24.0 points to a final reading of 30.0 points, compared to 6.0 in September. Economists had forecast a 1.0 point increase. Following the data, GBP/USD gained 0.25% to 1.6073.
After a major decline in August, retailers faced brightened business situation in September. The UBS Swiss consumption indicator improved to 1.07 in September, compared to a downwardly revised 1.02 in the preceding month, the Swiss bank's representative said on Tuesday. In July the index was at 1.72.In the statement, UBS reported that new car registrations posted a heavy drop of
The Bank of Japan announced changes in its monetary policy on Tuesday. The central bank said that it had missed its goal of 1% annual inflation, therefore it will maintain its current interest rate between 0 and 0.1%, and that monthly bond purchased will be at the level of 1.8 trillion Yen. Economists were also widely expecting that there would
The number of jobless individuals surged 20,000 on month in October as firms continued to cut costs via decreasing their labor force, the Federal Labor Agency reported on Tuesday. Economists had forecast a 10,000 rise after 12,000 increases in both September and August. On unadjusted basis, the number fell to 2.75 million from 2.79 million in September.
Italy's 10-year government notes rose on Tuesday, with the yield dropping from a two-week high, after the country reached its maximum target in an auction of 7 billion Euro of debt. The 1-year yields slipped 4 basis points to 4.98%, cutting three days of advance. The 5.5% note maturing in November 2022 added 0.28 to 104.5, while the 5-year yields
Swap rate on the contract with a maturity for January 2015 dropped one basis point, or 0.01%, to 7.79%. Together with it, the Real depreciated by 0.3% to 2.0329 per Dollar. Swap rate falls six day in a row, as economists lowered inflation estimations for the Brazil next year. Also, Brazilian governors cut the key interest rate for a 10th
The Stoxx Europe 600 Index was higher by 0.4% to 270.63 at 8 a.m. in London. Investors trade on BP Plc, second-biggest Europe's oil company, and Deutsche Bank financial results for the third quarter, which have beaten street estimations. Recently, banks' results bring a lot of sensitivity in the markets: Deutsche bank announced that a third quarter profit is up