News

Fri, 10 Jan 2014 15:09:06 GMT

Dutch manufacturing sector rises in November

The manufacturing industry of the Netherlands showed an increase in output in November of the previous year, while the pace of growth has noticeably decreased from a preceding month, reaching only 0.4% on the annual basis. In October, in turn, manufacturing in the country jumped 2.4%. At the same time, statistical data showed a rise in almost all the main

Fri, 10 Jan 2014 13:38:08 GMT

U.K. shares climb ahead of U.S. payrolls

U.K. shares advanced, making their biggest climb this year, as the U.S. unemployment data were awaited by investors. The FTSE 100 Index rallied 1.1% to 6,764.43 as of 12:31 p.m. London time, reversing previous losses and taking the gauge to a 0.5 increase weekly. The FTSE All-Share Index added 1%, while Ireland's ISEQ Index climbed 0.3% today.

Fri, 10 Jan 2014 13:27:05 GMT

Dollar reaches highest level in five years against Yen

The U.S. Dollar gained to the highest level in approximately five years versus the Japanese Yen ahead of U.S. payroll data that are expected to show that companies employed additional workers on December. The greenback added 0.2% to 105.02 Yen as of 7:01 a.m. New York time, after climbing to 105.44 on January 2, the highest level since 2008. The

Fri, 10 Jan 2014 13:16:06 GMT

Dollar Index set for weekly advance ahead of payrolls

The Bloomberg Dollar Spot Index is set for a fourth straight weekly climb, making it the longest since March, ahead of a government payrolls report that economists expect to be positive. The Bloomberg Dollar Spot Index advanced 0.1% to 1,028.76 as of 9:56 a.m. in London and it has added 0.3% weekly. The gauge gained to 1,030.43 on Thursday, the

Fri, 10 Jan 2014 13:05:28 GMT

German shares advance ahead of U.S. unemployment data

German shares gained, heading for the first one-week advances this year, as the U.S. unemployment data are awaited by investors. The DAX advanced 1.1% to 9,522.18 as of 12:42 p.m. Frankfurt time and it is set for 0.9% climb weekly, while the HDAX Index increased 1.1% today. The biggest gainer was Deutsche Lufthansa AG that jumped 7.3%, after they stated

Fri, 10 Jan 2014 13:01:13 GMT

Sterling falls as output data disappoints

The British currency dropped for the first day out of last three against the greenback after U.K. factory output data missed economist forecasts in November. The Sterling slid 0.4 to $1.6411 as of 10:03 a.m. in London, after advancing to $1.6603 on January 2, the strongest level in more than two years. The Pound added 0.3% to 82.85 pence per

Fri, 10 Jan 2014 11:13:15 GMT

Germany's bunds gain as S&P affirms AAA rating

German government bunds increased on Friday and were set to record their second weekly advance after the rating agency Standard & Poor's affirmed the country's highest AAA credit rating. The benchmark 10-year government bunds yielded two basis points lower at 1.90% by 7:39 a.m. in London and recorded a drop by 5 basis points this week, the largest slide since

Fri, 10 Jan 2014 11:02:19 GMT

European stocks gain as U.S. jobs seen rising

European shares increased on Friday session and were set to record their first weekly gain in this year before U.S. reports showed that jobs in the country rose by the most since 2005 pushing the U.S. shares higher. The benchmark index Stoxx Europe 600 gained as much as .5% to 329.92 as of 8:11 a.m. London time and it has

Fri, 10 Jan 2014 10:51:16 GMT

Treasuries are near 7-year low before U.S. payrolls

U.S. Treasuries fluctuated on Friday and traded near the lowest level in seven years against their counterparts world-wide after reports showed figures beating economists' expectations and as investors awaited U.S. payrolls today. The U.S. benchmark 10-year government bond yielded at 2.97% by 7:07 a.m. London time.

Fri, 10 Jan 2014 10:40:11 GMT

Commodities grow as oil and metals advance

Commodities world-wide rallied on Friday with the index measuring a performance of 24 most-traded commodities rebounding from the lowest level in eight months as metals and crude jumped before U.S. payrolls. The S&P GSCI Index advanced 0.6% as of 3:38 p.m. Tokyo time with oil rising 1%, gold increased for the second straight session and copper rose from its 3-week

Fri, 10 Jan 2014 10:29:10 GMT

Gold rises as investors await labour data

Gold increased on Friday trading session before a government report showed that payroll in the U.S. fall suggesting that the U.S. Federal Reserve may scale back its stimulus more and as physical demand outlook seen falling. Bullion for delivery in January advanced 0.8% to $1,238.15 an ounce and it traded at $1,235.83 as of 2:37 p.m. Singapore time.

Fri, 10 Jan 2014 10:07:09 GMT

U.K. retail sales gain in December

Retail sales in the United Kingdom advanced in December mainly due to an increase in sales online, however the pace of growth recorded on the month was the lowest in the whole 2013, a report published by the British Retail Consortium showed on Friday. According to the report, the U.K. retail sales added 1.8% on an annual basis as the

Fri, 10 Jan 2014 09:56:05 GMT

Japan's leading index rises in November

A leading index measuring economic activity in the Asia's second largest economy advanced at a notable faster pace in November than in the prior month matching initial economists' forecast, data published by the Cabinet Office showed on Friday. Japan's leading economic index gained from October's 109.8 to a level of 110.8 recorded in November.

Fri, 10 Jan 2014 09:45:07 GMT

India's exports rise, imports fall in December

Merchandise exports in India accelerated in December, however than rate of growth was lower than originally expected, a report revealed by the Ministry of Commerce and Industry showed on Friday. According to the report, India's exports gained 3.49% year-on-year to $26.35 billion in December, while imports dropped annually by 15.25% to $36.49 billion.

Fri, 10 Jan 2014 09:34:06 GMT

Swiss jobless rate stays flat in December

Unemployment in Switzerland stayed unchanged in December with the jobless rate recording a level of 3.2% remaining flat from November's level and matching initial estimates, a report published by the State Secretariat for Economic Affairs revealed on Friday. The total number of unemployed people recorded 149,437 in December.

Fri, 10 Jan 2014 09:23:14 GMT

China's trade surplus falls in December as imports rise

China's trade balance came in surplus in the last month of 2013, however the surplus was significantly lower than in the previous year and it missed economists' estimated as imports rose and exports declined, the Customs Administration reported on Friday. The country's trade surplus dropped by 24.3% in December totalling $25.6 billion, while it was forecast to record $31.2 billion.

Fri, 10 Jan 2014 09:12:05 GMT

China's exports rise slower than forecast in December

Export growth in the world's second largest economy eased by more than economists originally estimated in December as the global demand declined, a report revealed by the Customs Administration showed on Friday. According to the report, China's exports advanced 4.3% in December after rising 12.7% in the month before.

Fri, 10 Jan 2014 09:01:05 GMT

U.S. Dollar drops before labour data

The U.S. Dollar weakened against the euro-area currency on Friday falling from its seven-week high as investors took some of their profits before a government report showed results from the U.S. labour market. The U.S. Dollar index measuring performance against its the most-traded peers dropped from 81.187, the most since November, to 80.953 earlier today.

Fri, 10 Jan 2014 08:50:03 GMT

Asia's shares stays flat before U.S. jobs data

The majority of Asian stocks held firm on Friday trading session after a government report showed that China's exports grew at a slower rate than initially forecast in December and imports advanced more than projected on the month and as investors expected U.S. jobs data today. The MSCI Asia-Pacific Index outside Japan rose 0.1% and the Hong Kong benchmark gauge

Fri, 10 Jan 2014 08:28:46 GMT

Kiwi falls versus U.S. Dollar and Yen before U.S. payrolls

The New Zealand's currency held decline against its all major counterparts on Friday session before a government report showed that payroll in the U.S. declined suggesting that the economy gathered its momentum and the Fed may tapers stimulus as soon as on the next policy meeting. The Kiwi fell to 86.49 yen after trading at 86.52 yesterday, while it slipped

Fri, 10 Jan 2014 08:28:38 GMT

Aussie heads for weekly drop versus U.S. Dollar before payrolls

The Australia's Dollar slipped on Friday trading session heading for a weekly fall against its U.S. counterpart amid speculation that today's U.S. labour data may force the U.S. Federal Reserve to continue tapering its stimulus measures. The so-called Aussie fluctuated and was last seen at 89.01 U.S. cents by 5:38 p.m. Sydney time.

Thu, 09 Jan 2014 18:44:02 GMT

Corn falls as U.S. raises outlook for global supplies

Corn traded in Chicago slipped on Thursday and traded close to the lowest level in three years amid speculation that the U.S. government may increase its forecast for global supplies as the country's inventories jumped at the faster rate in nineteen years. Corn for March delivery slid 0.4% to $4.155 per bushel as of 6:26 a.m. on the CBOT.

Thu, 09 Jan 2014 18:33:06 GMT

Yuan weakens after Fed's minutes are release

The Chinese currency declined on Thursday dropping towards the weakest level in over two years after the Federal Reserve minutes from the last policy meeting revealed that the central bank's policymakers observe economic benefits from its stimulus program. The Yuan slipped 0.06% to 6.0550 a U.S. Dollar, the largest fall since November 1.

Thu, 09 Jan 2014 18:23:03 GMT

Treasuries fall before auction of 30-year notes

The U.S. Treasuries declined on Thursday trading session with the benchmark 10-year yields falling towards the lowest level in a three-year period amid speculation that inflation may boost the country's auction of long 30-year bonds. 10-year government bonds dropped one basis point to 2.98% as of 10:44 a.m. New York time. 

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