The gross domestic product of the French economy shrank on a sequential basis in the three months to September cause by a 0.4% decline in investments despite a 0.1% gain in private consumption and 0.2% increase in government spending, the statistical office Ine reported on Tuesday. France's economy fell 0.1% in the Q3 following a 0.6% jump in the quarter
The key interest rates in the U.S. may stay unchanged near a level of zero until 2015, when they are forecast to be increased depending on actual economic situation in the country, the Richmond Federal Reserve President Jeffrey Lacker said on Tuesday. According to Lacker, the Fed's benchmark rates may be lifted to 2% in 2015.
Consumer spending in France increased in November rebounding strongly by the most in 21 months mainly due to a notable advanced in household goods expenditure rising 1.4% on a sequential basis, the statistical office Ine showed on a report on Tuesday. According to the report, the country's consumer spending gained 1.5% year-on-year in November compared to a 0.5% advanced preliminary
U.S. shares closed higher on Monday with benchmark indexes Dow Jones and Standard & Poor's 500 reaching all-time records as the technology gauge was spurred by a distribution agreement between China Mobile and Apple Inc. The Dow Jones industrial average added 0.45% to 16,294.61, the S&P 500 Index gained 0.53% to 1,827.99 and the Nasdaq Composite index rose 1.08% to
The U.S. Dollar stayed flat on Tuesday losing from its recent gains after a government data revealed that spending in the world's largest economy rose spurring the U.S. Treasuries and bringing optimism on markets as the country's economy improves. The U.S. Dollar index added to 80.530 traded near its two-week peak at 80.827, while it surged 0.2% to 104.36 yen.
Asian equities increased on Tuesday trading session after a government report showed that consumer confidence in the U.S. advanced spurring Wall Street shares to close at their records improving a global economy outlook. The MSCI Asia-Pacific gauge outside Japan gained 0.4%, while the Australian benchmark index rose 0.7% in a shortened season.
China Mobile Ltd., one of the largest mobile telecommunications operators in the world, reached an agreement with Apple Inc. to sell the smart phones made by the American corporation. It is expected that both iPhone 5S and 5C will be available to Chinese consumers via the mentioned operator. Today, China Mobile Ltd. shares added 1.31% to HK$80.95 per share in
Japanese government presented the state budget for the fiscal year 2014-2015, which starts on April 1. The coalition partners agreed on record, 95.88 trillion yen budget, as defense, social security and public works spending is estimated to increase in order to push inflation up. At the same time, it is forecasted that the government will borrow slightly less in 2014
Gold gained on Monday trading session rebounding from the lowest level since 2010 amid speculation that investors start buying the commodity towards the end of the year as low prices may encourage purchases. Gold for delivery in December added 0.3% to $1,207 an ounce after trading at $1,203.76 as of 8:08 a.m. Singapore time.
Soybeans increase on Monday trading session reaching the highest level in nearly two weeks amid concerns that dry and hot weather in Argentina, the world's third largest producer, may stress crops in the region. Soybeans for delivery in March advanced 0.6% to $13.3925 per bushel on the CBOT, the strongest level for most-traded futures since December 11.
European shares increased on Monday rising for the fourth straight day with the benchmark index Stoxx Europe 600 recorded the largest climb since April as the International Monetary Fund officials revealed that the U.S .economy may grow faster. The Stoxx Europe 600 Index surged 0.2% to 321.69 as of 8:10 a.m. London time and it has advanced 15% this year.
The British Sterling strengthened on Monday reaching the strongest level in two years against the U.S. Dollar after the Bank of England official Andrew Bailey suggested that the country's central bank may implement measures to prevent house prices from increasing too fast. The Pound jumped 0.2% to $1.6371 as of 7:38 a.m. in London following an advance to $1.6484 on
Producer price in Spain declined for the second successive month in November on an annual basis mainly due to a 1.9% drop of immediate goods producer prices, the latest data revealed by the statistical office Ine showed on Monday. The country's producer price index slipped 0.6% in November after falling 0.2% in October and rising 0.1% in September.
According to the median economists' expectations, the Federal Reserve System will likely reduce its stimulus program by $10 billion during each FOMC meeting the next year and finally finish the massive QE program by the end of 2014. On the other hand, the possible movements depend on pace of U.S. economic growth and the situation on the labor market, which
European benchmark Brent crude declined on Monday trading session shrinking the WTI-Brent premium from $12.64 on Friday to $12.48 after the Organization of Petroleum Exporting Countries signalled it may reject a possibility of oversupply in 2014. Brent for delivery in February dropped 19 cents to $111.58 per barrel on the London's ICE Futures Europe exchange.
West Texas Intermediate crude increased on Monday rising towards the strongest level in two months on speculation that the gross domestic product in the U.S., the world's largest consumer of the commodity, may be sustained. WTI for delivery in February dropped 22 cents to $99.10 per barrel on the NYMEX as of 2:55 p.m. in Singapore.
China's equities advanced on Monday mainly due to a notable increase of drugmakers and banks after the local benchmark index was falling nine straight days reaching the lowest level in four months. The Shanghai Composite Index added 0.2% to 2,089.71 and the gauge trades at 8.1 expected profits for the incoming 12 months, the lowest figure since July 31.
Low-deposit homes lending in New Zealand measured as the high loan-to-value ratio mortgage lending (LVR) decreased further in November, a report published by the Reserve Bank of New Zealand showed on Monday. The country's high-LVR lending with exemptions dropped to 7% after falling 12.8% in the previous month, while excluding exemptions, the high-LVR lending slipped to 5.8% from 11.7% in
Private consumption in Switzerland increased in the month of November after the Christmas trade season lifted business sentiment in the retail, however car registrations showed weaker figures preventing the increase from being steeper, UBS reported on Monday. The Swiss indicator of consumption added from 1.26 in October to 1.43 in the following month.
The performance of Japan's economy is forecast to rise at a slower rate in the following fiscal year to March 2015 mainly due to lowered impact from tax hikes planned in April 2014, a report revealed by the Ministry of Finance showed on Monday. The country's GDP is expected to advance 1.4% in 2014 fiscal year following a previous fiscal
Import prices in Europe's second largest economy dropped in November, however the rate of decline was lower than in the previous month and as initially forecast, a report published by the Federal Statistical Office unveiled on Monday. According to the report, Germany's import price index fell 2.9% on an annual basis after slipping 3% in the prior month.
Government debt in the world's second largest economy may have reached a level of 19.9 trillion yuan, or $3.28 trillion, by the end of last year, almost two times more than 2 years earlier, a report released by the think tank National Audit Office showed on Monday. In 2010, the government debt totalled 10.7 trillion yuan and by the end
The U.S. currency swung between gains and losses on Monday together with the Euro and the Yen staying flat as the Japanese national holiday reduced liquidity in markets after the Fed last week's policy meeting resulted in a stimulus scale-back. The U.S. Dollar traded at 104.05 yen falling from the five-year high at 104.64 recorded on Friday, and it fluctuated
Asian shares recorded a modest increase on Monday trading session spurred by record highs of U.S. stock indexes despite a report showing that government debt in the world's second-largest economy rose and as emerging-market currencies fell. The MSCI broadest Asia-Pacific gauge outside Japan gained 0.4%, while the South Korean Kospi added 0.6%.