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.
Producer prices in the world's second largest economy declined on an annual basis in the month of December with the same rate recorded in November, the latest data showed by the National Bureau of Statistics revealed on Thursday. According to the report, China's producer price index dropped 1.4% in December compared to 1.3% fall preliminary estimated.
Natural gas traded in New York declined on Thursday after the Energy Information Administration reported that inventories in the U.S. dropped more than economists originally projected last week. Natural gas for settlement next month slipped 5.3 cents to $4.163 a million British thermal units as of 10:35 a.m. on the NYMEX.
Emerging-market stocks declined on Thursday falling towards the lowest level in four months on concerns over weak economic growth in China and as commodity companies tumbled. The MSCI Emerging Markets Index decreased as much as 0.9% to 964.84 as of 10:16 a.m. New York time, while the Shanghai Composite Index dropped to its 5-year low.
U.S. shares gained, reversing this year's retreat for the Standard & Poor's 500 Index, as Macy's Inc. advanced and jobless claims declined ahead of start of unofficial earnings season. The S&P 500 climbed 0.2% to 1,841.27 as of 9:49 a.m. New York time, while the Dow Jones Industrial Average added 0.2% to 16,487.78. The S&P 500 has slid 0.6% this
Portuguese government plans to take an advantage from the optimism on the European bond market and decrease the borrowing costs considerably, while the country recently returned to the debt market, following Ireland. Analysts say that the country will have no problems in issuing its first debt in eight months. Today, yields for 10-year bonds have already dropped 0.11% to 3.98%.
Recently, Norwegian government announced its plans to decrease its ownership in Statoil ASA, which accounts for about 20% of the main index for Oslo. The symbol of Norway's wealth is by 67% owned by the government, and now it is looking for international expansion outside Norway. Today, Statoil ASA shares are declining 0.47% to 147.90 kronor by 14:40 GMT in
The total number of unemployment claims in the U.S. declined further during the week ended January 5, reaching 330,000. At the same time, the indicator for the week earlier was revised down to 345,000 claims versus 339,000 that were predicted before. Moreover, the four-week average number decreased to 349,000, meaning that cold weather in the U.S. had no negative impact
After the Thursday meeting, the Bank of England decided to keep the monetary policy unchanged, as the economy of the U.K. shows clear signs of a solid recovery. The BoE policymakers did not change the main interest rate, keeping it at 0.5%, while asset purchases remained at 375 billion pounds. The BoE will probably change the policy, when jobless rate
Industrial production in Germany jumped in November of the previous year for the time since August, meaning that the largest economy of the Eurozone continues to recover. Output climbed 1.9% on a monthly basis against October's 1.2% decline. At the same time, analysts predicted the growth of 1.5% in November. On the annual basis, manufacturing sector increased its output by
Gold advanced for the first day this week in New York on bets that lower prices will boost metal's physical demand. The yellow metal for February delivery gained 0.3% to $1,228.80 an ounce as of 7:40 a.m. in New York, while bullion for immediate delivery advanced 0.3% to $1,229.84. Gold fell 28% previous year, making it the biggest annual retreat
Janet Yellen, the next Federal Reserve chairwoman, said to the Time magazine on Thursday that the U.S. economy will most likely increase the pace of growth during the current year, while the unemployment level will decline. The economy is predicted to grow about 3%, as the recovery is developing much faster than before. Moreover, the inflation is projected to rise
European shares gained for a third straight day as the European Central Bank held its benchmark interest rate unchanged at its record low. The Stoxx Europe 600 Index rose 0.3% to 330.57 as of 1:38 p.m. London time and the gauge has advanced 1.1% since January 6. The equity-benchmark jumped 17% in year 2013 as world's central banks left their
The European Central Bank left its benchmark interest rate unchanged at its record low at the beginning of year, when the officials are at risk of running into conflict. They kept the benchmark refinancing rate at 0.25%, deposit rate at 0% and its lending rate at 0.75%, data were in line with previous forecasts. The Bank of England also held
U.S. stock-index futures advanced as investors awaited Alcoa Inc.'s financial data to mark the unofficial beginning of year's last quarter earnings season. Standard & Poor's 500 Index futures expiring in March gained 0.3% to 1,837.4 as of 7:34 a.m. New York time, while Dow Jones Industrial Average contracts rose 0.3% to 16,459 today.
Asian shares retreated as China's producer prices prolonged the longest streak of losses since Asia's financial crisis. The MSCI Asia Pacific Index slid 0.7% to 138.88 at 9:53 p.m. Tokyo time; however, the equity-benchmark rose 1% on Wednesday, the biggest climb since November 18. Japan's Topix index slipped 0.7%, while the Hong Kong's Hang Seng Index dropped 0.9%.
U.K. shares climbed for the fourth day out of last five after the Bank of England and the European Central Bank left their stimulus measures unchanged and as an index of oil and gas producers increased to the highest level in seven months. The FTSE 100 Index added 0.2% to 6,734.97 as of 12:47 p.m. London time. The FTSE All-Share
The Australian Dollar dropped for a third consecutive day against the U.S. counterpart on speculation that U.S. payrolls report will encourage the Fed to continue scaling back its stimulus. Australia's currency slipped 0.3% to 88.72 U.S. cents as of 5:18 p.m. Sydney time, while it slid 0.2% to NZ$1.0751. The Aussie declined 0.3% to 93.07 Yen, while the Kiwi retreated
Canada's currency declined below C$1.08 per U.S. Dollar for the first time in approximately three years after the Bank of Canada Governor Poloz stated that there is no pressure to increase interest rates. The Canadian Dollar slipped 0.6% to C$1.0830 per U.S. Dollar, the lowest level since May 2010, ahead of reaching C$1.0820 as of 5:00 p.m. Toronto time.
Eurozone's currency climbed from near the lowest level in five weeks versus the greenback on ideas that the ECB will refrain from adding stimulus amid recovery in the single currency region. The 18-nation currency added 0.2% to $1.3599 as of 12:08 p.m. in London, after falling to $1.3554 on Wednesday, the lowest level since December 5. The Euro climbed 0.3%
The British currency reached its highest level versus the greenback after the Bank of England left its monetary policy unchanged. The Pound traded at $1.6459 as of 12:06 p.m. in London, after advancing to $1.6603 on January 2, the strongest level in two years. U.K.'s currency slid 0.1% to 82.63 pence per Euro after strengthening to 82.42 pence on Wednesday.
West Texas Intermediate crude increased on Thursday rebounding from the lowest level in six weeks after the U.S. currency fell against the Euro before the European Central Bank revealed its decision about interest rate cuts on today's policy meeting. WTI for delivery next month jumped 52 cents and traded at $92.71 on the NYMEX by 9:39 a.m. in London.
The European benchmark Brent crude rose on Thursday after an industry report revealed by the Energy Information Administration showed that inventories in the U.S., the world's largest consumer of the commodity, increased more than projected. Brent for delivery in February gained as much as 0.6% to $107.74 per barrel on the London's ICE Futures Europe exchange.
Government bonds in Spain increased on Thursday with 2- and 5-year yields falling to all-time lows after the country's auction yesterday totalling 3.53 billion euros in five-year securities with the lowest yields ever. Spain's 2-year bond yields declined six basis points to 0.98% as of 10:02 a.m. in London following a drop to 0.969%.