News

Wed, 19 Feb 2014 15:00:57 GMT

European shares retreat as some major companies decline

European shares dropped, snapping thee day winning streak, as some major companies slipped after U.S. officials failed to impose South Korea's anti-dumping duties. The biggest losers today were Tenaris and Vallourec that retreated more than 4.5%. The Stoxx Europe 600 Index fell 0.2% to 333.83 as of 1:56 p.m. London time and it has advanced 5.1% from its lowest level

Wed, 19 Feb 2014 14:47:33 GMT

U.K. shares decline after BOE minutes and unemployment data

U.K. shares retreated, snapping a three-day advance, as the Bank of England's meeting minutes and nation's unemployment data were released. The FTSE 100 Index slid 0.3% to 6,775 as of 2:03 p.m. London time. The FTSE All-Share Index fell 0.3%, while Ireland's ISEQ Index slipped less than 0.1% today.

Wed, 19 Feb 2014 14:47:15 GMT

Yen appreciates after two days of declines

The Japanese Yen gained for the first day out of last three versus the greenback as Japanese and European shares retreated. The Yen added 0.5% to 101.88 per Dollar at 8:31 a.m. New York time, after falling 0.4% yesterday. The Japanese currency climbed 0.5% to 140.10 per Euro. The U.S. Dollar traded at $1.3749 per Euro after slipping to $1.3773,

Wed, 19 Feb 2014 12:03:50 GMT

Madrid to sell more bonds amid higher demand

Madrid, the region of Spain with the smallest budget deficit in the country, is planning to sell more bonds this year amid higher demand from investors, as they return to periphery markets of Europe due to economic recovery. At the moment 10-year bonds are traded at the yield of 4.02%. This year, Madrid considers borrowing 60% of money via bonds

Wed, 19 Feb 2014 11:43:37 GMT

Chinese government decreases Treasury holdings

The government of China decreased its holdings of the U.S. debt at the highest pace since December 2011, as the Fed released its plans to cut asset purchases. The world's second-largest economy cut its Treasuries' holdings by $47.8 billion in December 2013 to $1.27 trillion. Meanwhile, international investors raised their holdings, pushing the total amount to $5.79 trillion.

Wed, 19 Feb 2014 10:29:53 GMT

Carlsberg profit tops predictions, market share rises

Carlsberg A/S, the fourth-largest brewer in the world, announced its earnings for the October-December quarter of the previous year. EBIT increased to $428 million, beating analysts' estimates. In Russia, however, the company is the biggest brewer and this market accounts for 25% of total sales. Carlsberg A/S shares are surging 6.1% to 579.5 Danish kronor by 10:25 GMT in Copenhagen.

Wed, 19 Feb 2014 10:29:27 GMT

Chinese manufacturing to grow 9.5% in 2014

Chinese government would like to see a 9.5% growth in manufacturing production in 2014. At the same time, the pace of increase will decline slightly from 9.7% during the previous year. The manufacturing sector of China contributes a lot to the overall GDP rise in the country, as the economy advanced 7.7% in 2013, which was higher than expected by

Wed, 19 Feb 2014 09:58:58 GMT

BoE policymakers vote against rate's increase

All nine policymakers of the Bank of England voted against any increase in interest rates this month, underlining the need to stimulate economic growth, while the unemployment rate still remains above the 7% target mark. Moreover, the BoE officials said that they will continue to support economy, even if the rate falls below 7%, as they want to be sure

Wed, 19 Feb 2014 09:54:59 GMT

U.K. unemployment rate inches up to 7.2%

Unemployment rate in the United Kingdom rose unexpectedly in the last quarter of the year 2013, reaching 7.2% versus 7.1% in September-November. Analysts expected no changes in the indicator. Meanwhile, the total number of claims for unemployment benefits dropped 27,600 in January, which was much more than analysts predicted at 18,300 after a 24,000 decrease in December.

Wed, 19 Feb 2014 09:54:38 GMT

Wages in Australia grow more than expected

Wages in Australia registered a 0.7% increase in the last quarter of 2013 on a quarterly basis, beating economists' forecasts at 0.6%. In Q3, wages rose 0.5%. Year-on-year, salaries surged 2.6% in October-December quarter. At the same time, the pace of increase reached the lowest in 17 years. The highest wages' advance of 3.3% was noticed in gas, electricity, waste

Wed, 19 Feb 2014 09:54:19 GMT

Activity in Japanese industries declined in December

Japanese all industry activity decreased surprisingly in December of the previous year, losing 0.1% on a monthly basis after a 0.4% rise in November. Meanwhile, the indicator declines already for the second time in three months. Construction activity dropped 0.7% and service sector slipped 0.4%. At the same time, manufacturing advanced 1%, while government services jumped 0.5%.

Tue, 18 Feb 2014 12:49:36 GMT

Emerging-market stocks drop before Turkey's rate decision

Emerging markets shares retreated on Tuesday trading session after the People's Bank of China revealed its decision to drain funds from region's banking system and as Turkey's equities lost before the local central bank revealed rate decision. The MSCI Emerging Markets Index fell 0.2% to 962.26 by 10:34 a.m. London time after rising in the previous two sessions.

Tue, 18 Feb 2014 12:49:29 GMT

Pound drops as inflation falls below BoE target

The British Sterling weakened on Tuesday falling from the strongest level in a four-year period against its U.S. counterpart after a government report showed that inflation in the United Kingdom eased below the BoE target. The Pound lost as much as 0.3% to $1.662 as of 10:05 a.m. in London following a climb to $1.6823 recorded yesterday.

Tue, 18 Feb 2014 12:49:15 GMT

Gold falls on speculation recent gain may reduce purchases

Gold traded in London declined on Tuesday trading session falling from the strongest level in over three months amid speculation that recent gain of the precious metal may reduce physical purchases of the bullion. Gold for settlement in February slipped 0.7% to $1,319.42 an ounce as of 9:10 a.m. London time after it recorded the largest level since October 31

Tue, 18 Feb 2014 12:37:44 GMT

Wall Street fluctuates after markets closed yesterday amid holiday

Wall Street shares were little changed earlier on Tuesday session with the benchmark stock index Standard & Poor's 500 capping its biggest weekly gain this year before a report showed that manufacturing in the New York area rose. S&P 500 futures with March settlement fell 0.1% to 1,833.3 as of 10:44 a.m. London time, while the Dow Jones industrial average

Tue, 18 Feb 2014 12:37:30 GMT

Germany's stocks drop as carmakers fall

German shares fluctuated on Tuesday trading session as the country's automakers declined at least 1% and after a government report showed that investor sentiment in the nation fell more than economists preliminary estimated. The benchmark stock index DAX tumbled 0.1% to 9,648.51 as of 11:57 a.m. Frankfurt time reducing this year's gain of 1%.

Tue, 18 Feb 2014 12:37:12 GMT

European shares fall as German investors sentiment drops

The majority of European shares declined on Tuesday trading session falling for the first time in a three-day period after a government report showed that investors' confidence in the country dropped more than economists originally expected. The benchmark index Stoxx Europe 600 tumbled 0.5% by 6 a.m. New York time.

Tue, 18 Feb 2014 11:56:41 GMT

Swedish CPI unexpectedly falls in January

Inflation measured as consumer price index in Sweden surprisingly declined on an annual basis in January following a modest increased in the month before, the latest data revealed by the Statistics Sweden showed on Tuesday. According to the report, Swedish consumer price index slipped 0.2% in January following a December's gain of 0.1%.

Tue, 18 Feb 2014 11:56:20 GMT

German employment rises to record high in Q4

Employment in the Europe's largest economy advanced significantly in the last quarter of 2013 reaching the highest level all-time, a report published by the Federal Statistical Office showed on Tuesday. According to the report, German employment gained by 243,000 on an annual basis in the Q4 totalling 42.2 million, the most since the figure is tracked.

Tue, 18 Feb 2014 11:56:11 GMT

Norway trade surplus rises to record high

Merchandise trade balance in Norway increased in the first month of 2014 recording the highest trade surplus all-time in a month, the latest data published by the Statistics Norway showed on Tuesday. According to the report, the country's merchandise trade surplus totaled 48.79 billion NOK in January from 34.40 billion NOK in January 2013.

Tue, 18 Feb 2014 11:56:05 GMT

U.K. house prices rise faster in December

House prices in the United Kingdom advanced in the last month of 2013 with the pace of growth missing economists' projections but being faster than in November, a report revealed by the Office for National Statistics showed on Tuesday. U.K.'s residential property prices gained 5.5% on an annual basis in December after rising by 5.4% in November.

Tue, 18 Feb 2014 11:22:15 GMT

Hong Kong jobless rate drops in January

Jobless rate in city state Hong Kong slipped marginally in the three months to January, the latest data unveiled by the Census and Statistics Department revealed on Tuesday. According to the data, the nation's unemployment rate decreased 3.1% in the period from November to January, while in October-December quarter it recorded drop of 3.2%.

Tue, 18 Feb 2014 11:22:03 GMT

U.K. output inflation eases less than forecast in January

Factory gate inflation in the United Kingdom weakened at the beginning of 2014, however the pace of drop was lower than economists originally expected, a report published by the Office for National Statistics revealed on Tuesday. According to the report, the U.K. output inflation added 0.9% in January following a December's advance by 1%.

Tue, 18 Feb 2014 11:21:50 GMT

Aussie falls as China signals tight liquidity policy

The Australian currency weakened on Tuesday trading session falling from the highest level in four weeks against its U.S. counterpart after the People's Bank of China signaled it may apply tighten monetary policy in order to control the economic slowdown of local economy. The so-called Aussie fell to $0.9030, down from one month high at $0.9079.

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