Growth forecast revealed by the World Bank for the East Asia region remained steady for the period of 2014-2015 as the global trade and economic growth increased slightly, a report released by the bank showed on Tuesday. According to the report, the East Asia and Pacific area may rise by 7.1% this year and the next one, while it was
The European Central Bank is likely to maintain its monetary policy unchanged in the next few weeks, however the bank is planning on adding bond purchases on a large-scale if the inflation in the region slows down further, the bank's officials said on Monday. According to the policymakers, the Eurozone's inflation at a level of 0.5% is in a critical
The U.S. Dollar traded lower on Tuesday session falling against the Japanese Yen after the Bank of Japan remained its benchmark interest rates unchanged adding no further stimulus into financial system matching economists' expectations. The so-called Greenback fell 0.1% to 102.98 yen after it traded at the highest level in 10 weeks on Friday.
Wall Street shares closed lower on Monday with the benchmark stock index Standard & Poor's 500 recording the largest three-day fall since February as investors sell-off internet shares with Amazon losing 1.6% and Yahoo! Inc slipping 3.5%. The S&P 500 Index slid 1.08% to 1,845.04, the Dow Jones industrial average tumbled 1.02% and the Nasdaq Composite Index inched 1.16% lower.
European equities swung between gains and losses earlier on Tuesday session as traders were cautious after the last week's policy meeting of the European Central Bank bringing no change in monetary policy for now. The London's FTSE opened 0.3% lower today, the Frankfurt's DAX index slipped 0.1% and the Paris' CAC 40 was traded flat.
The majority of Asian stocks increased earlier on Tuesday trading session reversing previous losses as China's equities advanced notably amid speculation that the local government may add more stimulus and as the BOJ remained its policy unchanged. The MSCI broadest Asia-Pacific gauge outside Japan gained as much as 0.4% and the Shanghai benchmark index rose 1.8%.
Wheat traded in Chicago increased on Monday after the futures recorded the largest drop since January 10 last week amid speculation that dryness in Texas may not be eased by weather forecast signaling light rains in the area. Wheat futures for settlement in May gained as much as 0.7% to $6.7475 per bushel as of 5:26 a.m. in Chicago.
Gasoline futures traded in New York increased on Monday trading session after an industry report showed that the regular gasoline average price advanced by 4.9 cents in the last two weeks reaching a level of $3.6065 per gallon, the most since July 26. Gasoline futures climbed as much as 2.34 cents to $2.9313 per gallon on the NYMEX.
The South Korean currency declined on Monday trading session falling from the highest level in a three-month period as importers started buying U.S. Dollar after a recent rally of the Won and as speculation over the Fed's monetary policy increased. The Korean Won traded 0.2% lower at 1,055.45 a U.S. Dollar at the close in Seoul following a gain to
U.S. Treasuries increased on Monday trading session after the benchmark 10-year yields recorded the largest drop in month last week as investors speculate that the job growth in the U.S. may not be strong enough for the Fed to tighten its monetary policy. The U.S. benchmark 10-year yields were last seen at 2.72% by 7:05 a.m. New York time.
Emerging-markets shares dropped on Monday trading session pushed down by Russian shares falling by the most in a month as protest in Ukraine's east part for joining the Russian Federation escalated overshadowing gain of Indonesian equities. The MSCI Emerging Markets Index slid as much as 0.1% to 1,001.20 as of 11:24 a.m. London time.
Spain's government notes declined on Monday trading session with the benchmark 10-year yields rebounding from the weakest levels since 2005 after Edwards Nowotny, a Governing Council member, suggested that there may be no further policy easing by the ECB. The Spanish 10-year notes yielded six basis points higher at 3.21%, the largest advance since February 3.
Italy's government securities dropped on Monday pushing the benchmark 10-year yields higher from the weakest levels all-time as investors weighed on results from the European Central Bank officials' speeches whether the bank increase assets purchases or not. The Italian 10-year bonds yielded three basis points higher at 3.20% as of 12:21 p.m. in London.
Construction sector in Australia improved in March, however the index measuring activity in the sector stayed below a level of 50 indicating expansion, a report published by the Australian Industry Group and Housing Industry Association showed on Monday. The Australia's construction sector activity index advanced from February's level of 44.2 to 46.2 recorded in March.
A leading economic index in the Asia's second largest economy dropped in February falling by more than experts originally projected and to the weakest level in six months, a data unveiled by Cabinet Office showed on Monday. According to the data, the Japanese leading index slipped from a level of 113.1 in January to 108.5 in the following month.
Investor confidence in the 18-nation bloc surprisingly accelerated in April reaching the highest level in three years, a report released by think tank Sentix revealed on Monday. According to the report, the Eurozone's investor confidence index advanced from a level of 13.9 points in March to 14.1 in the following month, the strongest since April 2011.
Industrial output in Spain increased in February with the pace of growth rising from the month before, a report unveiled by the statistical office INE revealed on Monday. According to the report, the country's industrial production accelerated by 2.8% in February after recording a 1.3% advance in the prior month.
Industrial output in the Europe's largest economy advanced in February rising for the fourth successive month signaling that the gross domestic product in Germany may record robust figures in the Q1, a report released by the statistical office Destatis unveiled on Monday. The country's industrial production gained 0.4% on a sequential basis in February after rising 0.7% in the prior
The Japanese shares swung between gains and losses earlier on Monday with the benchmark stock index Nikkei 225 falling towards the weakest level in a week after last week's favourable jobs data from the U.S. were overshadowed by a drop on Wall Street. The Nikkei 225 stock average lost 1.6% to 14,817.33 following a drop to 14,808.81.
The majority of European shares traded lower with the region's government bonds traded higher amid projections that the European Central Bank may increase assets purchases as the economy struggles to recover at a stable pace and the inflation is slow. The FTEU3 stock index slipped 0.8% and German and Italian securities advanced today.
The majority of global shares declined on Monday trading session falling from the six-year peak reached last week as technology stocks dropped and as speculation that the European Central Bank may ease monetary policy raised. The MSCI world-equity gauge lost as much as 0.33% after recording the highest level since 2007 last week.
Gold fell below its highest price in one week as investors speculated on the outlook for U.S. officials to continue scaling back stimulus ahead of raising interest rates. The yellow metal for immediate delivery slid 0.3% to $1,299.68 as of 9:01 a.m. London time, while bullion for June delivery slipped 0.3% to $1,299.90 in New York.
European shares retreated from the highest level in six years as technology stocks dropped following America's selloff. The Bloomberg European Index slipped 0.7% to 229.62 as of 11:14 a.m. London time, while the Stoxx Europe 600 Index advanced for a ninth straight day on last Friday, making it the longest streak of gains since October.
Confidence among Greek officials concerning a return to bond markets has risen recently, as yields on country's debt securities dropped to the minimum since 2010, namely to 6.12% for 10-year bonds. At the same time, country's economy is only starting to rise with unemployment reaching 27.5%, making the Greek budget situation unexpected in terms of social payments in the future.