Gold traded below the highest price since November as investors weighed Ukrainian versus the outlook for the U.S. economy and amid slower purchases in China. Gold for immediate delivery traded at $1,338.40 an ounce as of 9:14 a.m. in Singapore from $1,336.90 on Wednesday trading session, when prices added 0.2%. The metal was little changed $1,354.87 on the 3rd of March,
The Australian Dollar advanced to the strongest level in more than one week as today's data indicated the January trade surplus extended to the most in two and a half years and retail sales grew faster than economists originally projected. Australia's currency added 0.4% to 90.22 U.S. cents at 2:06 p.m. in Sydney after it was little changed at 90.33,
American employers added much fewer jobs than it was forecasted by analysts, as companies are still waiting for a moment of rising demand in the country. The ADP Research Institute reported showed that U.S. companies added 139,000 jobs in February, up from revised 127,000 a month ago. But still, economists expected the U.S. economy to show a 155,000 increase in
Service sector in Italy expanded in February of this year for the first time since November, rising at the largest pace in three years. The benchmark PMI Index, which shows the activity in this sector of country's economy, jumped to 52.9 points, up from 49.4 points in January. At the same time, analysts predicted the indicator at 49.9 points, while
West Texas Intermediate now is treading near $103 a barrel after a two month low, while Brent stayed unchanged in London. In the U.S., world's greatest oil consume, crude reserve increased. Futures almost unchanged in NY after the 1.5% loss on speculation tensions between Ukraine and Russia eased. U.S crude stockpiles climbed by 1.17 million barrels previous week and WTI crude for delivery
The 7.5% growth target was set by China for 2014 during the Communist Party's annual meeting. This makes it much harder to achieve other goals, such as tight control of credit risks and prevention of air pollution in nation's biggest cities. The Premier Minister, Li Keqiang, however, sees maintenance of sound economic development as the main task.
The Won advanced the most for a week as signs of easing Ukraine tensions boosted investors' interest in riskier assets. Stocks climbed - with the Kospi Index gaining 0.9% and the S&P 500 hitting the record high. In the meantime, the report showed the foreign-exchange reserves in South Korea climbed to $351.79 billion previous month. The Won appreciated 0.2%, the strongest level since
Asian stocks climbed for a second day since President of Russia, Vladimir Putin, stated the tensions in Ukraine will not immediately escalate. China shares slipped on concerns the country will face the problem of onshore corporate bond default during this week. The MSCI Asia Pacific Index added 0.6% to 137.71 at 2:11 p.m. in Hong Kong and the Standard & Poo's 500 Index jumped 1.5% yesterday.
Gold fell from the strongest level in four months since tensions between Russia and Ukraine eased, curbing wealth protection demand. Bullion for immediate delivery traded at $1,332.81 an ounce as of 8:39 a.m. in Singapore compared with yesterday's $1,334.34, when the yellow metal lost 1.2%, the biggest drop since January 30. The metal climbed to $1,354.87 two days ago and it was the highest
The Australian Dollar advanced versus all of its major peers after the report showed the economy expands; in the meantime, the common currency weakened against the Yen. The Aussie gained 0.1% to 89.56 U.S. cents at 7:06 a.m. in London after adding 0.3% in the previous two days. The Euro fell 0.1% to 140.32 Yen and slid 0.1% to $1.3729. The Japanese Yen was little changed
Wall Street shares increased on Tuesday trading session as the benchmark stock index Standard & Poor's 500 Index rebounded to its highest level all-time from the largest monthly loss after comments of the Russian Federation President Vladimir Putin cooling concerns over war conflict. The S&P 500 climbed 1.5% to 1,872.94 as of 5:56 p.m. New York time and the Dow
The European benchmark Brent crude slipped on Tuesday session after rising notable yesterday as the Russian Federation entered Ukraine's Crimea peninsula, however war conflict is unlikely to happen according to experts. Brent for delivery in April fell 1.9%, or $2.09, to $109.11 per barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate oil declined on Tuesday trading session falling from the strongest level since September on speculation that the escalating geopolitical tension between the Russian Federation and Ukraine is unlikely to end up in a war conflict. WTI for settlement in April slipped $1.62 to $103.30 per barrel on the NYMEX and was last seen at $103.69 by 1:29
U.S. stock-index futures gained, predicting the Standard & Poor's 500 Index will recover from its weakest point for a month, since the president of Russia, Vladimir Putin, said he'd only send forces to Ukraine in a worst scenario. Facebook Inc. added 2.2%, Abercrombie & Fitch Co. climbed 1.9%, SunEdison Inc. gained 4%. Futures on the S&P 500 expiring in
The Japanese Yen fell to the lowest point in two weeks against the Dollar since president of Russia, Vladimir Putin, stated that no direct necessity is needed to send forces to Ukraine, thus curbing safe asset demand. The Yen declined against all of the 16 major peers, while the Ruble gained. Japan's currency depreciated 0.4% to 101.85 against the Dollar
West Taxes Intermediate along with Brent crude fell from the strongest levels in four months on speculation the heightened tension between Ukraine and Russia will hardly result in destruction of oil supplies. Futures in U.S. declined 1.4% for the first time during three days, while WTI crude for delivery in April slipped $1.46 down to $103.46 a barrel on the
Import prices in Spain declined in January falling for the eleventh consecutive month, the latest report published by the statistical office Ine unveiled on Tuesday. According to the report, the country's import price index slipped on an annual basis by 2.5% in January following the same decline in December, while on a sequential basis import prices added 0.2% in January.
Construction sector in the United Kingdom accelerated in February with the pace of growth exceeding economists' projections, however it slowed down since January, the Markit Economics unveiled on Tuesday. According to the report, the U.K. Purchasing Managers' Index for construction sector eased from 64.6 in January to 62.6 points in February.
Gold dropped from the strongest level in four months when a report showed the Russia military trainings ended in its western region, thus lowering haven demand. Bullion gained 2.1% yesterday since Ukraine stated there was an order from Russia to Ukrainian warships in Crimea to capitulate. Gold for immediate delivery dropped 0.8% to $1.339.25 an ounce after reaching to $1.354.87, the highest level since October
European equities increased on Monday trading session rebounding from the largest loss in almost five weeks recorded yesterday amid speculation that geopolitical tension in Ukraine's Crimea peninsula may not lead to a war conflict. The benchmark Stoxx Europe 600 Index gained 1.8% to 336.31 as of 12:38 p.m. London time.
Treasuries declined on Monday trading session falling together with their counterparts world-wide amid speculation that geopolitical tension in Ukraine eases pushing demand for safe-haven assets lower. The benchmark 10-year government notes yielded four basis points lower at 2.64% as of 8:35 a.m. in New York.
Producer prices in the 18-nation bloc declined at the beginning of 2014 as the drop was steeper than economists' originally expected, a report revealed by the statistical office Eurostat showed on Tuesday. According to the report, the Eurozone's produce prices fell on a sequential basis by 0.3% in January following a 0.2% gain recorded in the month before.
Commodities fell from the strongest level in six months amid speculation the concerns about the energy and agriculture supplies as a result of the increasing tension in Crimea region could be overstated. The Standard & Poor's GSCI Index dropped 1.1% to 653.15 after reaching 1.6% yesterday, the strongest point since September 6. Brent crude fell 1.7%, wheat declined 0.9% in
Non-oil private sector in the United Arabic Emirates continued to increase in the month of February with the pace of growth reaching one of the highest levels all-time and rising for 54 months in a row, a report published by the Markit Economics showed on Tuesday. According to the report, the PMI added from 57.1 in January to a level