Sugar traded in New York and London slipped on Wednesday falling towards the weakest levels in three years after an industry report revealed that harvests in Brazil, India and Thailand increased boosting oversupply. Refined sugar for March delivery slid 0.4% to $434.10 per ton as of 12:18 p.m. on the London's NYSE Liffe, while raw sugar expiring in the same
The Japanese Yen dropped thus halting its three day winning streak, after Japan reported unexpectedly big trade deficit of 1.35 trillion Yen in November. The Japan's currency tumbled against most of its 16 major peers, falling 0.3% versus the U.S. currency and slipping 0.2% versus the shared currency.
Wheat traded in Chicago declined on Wednesday hitting the lowest level in eighteen months amid speculation that inventories of the commodity may expand on projections that crop will reach the record high. Wheat for settlement in March fell 0.4% to $6.17 per bushel on the CBOT by 6:17 a.m. local time and was set to drop for the fifth consecutive
The Canadian wholesale trade data advanced 1.4% to $50.5 billion in October, thus exceeding the analysts expectations. The growth in wholesale trade was boosted by the surge in machinery and supplies sector which surged 5.6%, the largest monthly gain since September 2003. Significant gains in sales was also for computer and communication equipment which jumped 6.6%.
The Pound surged the most in almost two months after the U.K. unemployment dropped to the lowest level in more than four years. The sterling advanced at least 0.2% against all of its 16 major peers, surging 0.7% versus the shared currency and 0.6% against the greenback. The Pound has climbed 5.9% in the last six months, having the biggest
Rio Tinto Group, a multinational mining company, announced on Wednesday that it is expects the iron ore price to decrease slightly the next year. This year, the iron ore price surged 22%. Sales of this material make the biggest part of company's revenue and the company may lose a part of it the next year. Today, Rio Tinto Group Plc.
The unemployment rate in the United Kingdom unexpectedly decreased in October of this year, reaching 7.4%, the lowest in more than four years. At the same time, analysts expected no change in the jobless rate from 7.6% in September. Now, economists predict that the Bank of England may raise the main interest rate earlier, namely in 2014, as the current
European benchmark Brent crude slightly gained on Wednesday trading session after a report unveiled that inventories in the world's largest oil consumer, U.S. dropped last week by 481,000 barrels and as Fed is forecast to reduce its bond-purchases to $45 billion per month. Brent for delivery in February added 0.1% to $108.59 per barrel on the London's ICE Futures Europe
West Texas Intermediate crude gained on Wednesday trading session after an industry report revealed that stockpiles in the U.S., the world's largest consumer of the commodity, fell for the third successive week before the Fed's meeting today. WTI for delivery in January expiring tomorrow added 21 cents to $97.43 a barrel on the NYMEX and traded at $97.38 as of
Gold increased on Wednesday rebounding from a notable loss recorded yesterday on speculation that the Federal Reserve may refrain from curbing its aggressive bond-purchasing program on today's policy meeting. Bullion for December settlement advanced 0.4% to $1,235.68 a ounce and traded at $1,232.48 as of 1:15 Singapore time after falling 0.8% yesterday.
Australian equities dropped on Wednesday trading session and were set to record their worst quarter in comparison to global shares in a two-year period after manufacturers from General Motors Co. and Ford Motor Co. exit the country and as consumer confidence index fell. The S&P/ASX 200 Index slipped 2.2% from September through yesterday, while the MSCI Emerging Market Index rose
UBS AG, the largest bank in Switzerland, will most likely have problems with paying dividends to its shareholders, as country's regulators ask banks to increase capital with leverage rules tightening. It makes UBS shares less attractive, as its dividend yield of 1.3% is less than competitors' ones. Yesterday, UBS AG shares lost 1.16% to 16.17 francs per share in Zurich.
The majority of China's shares increased on Wednesday mainly due to a notable advance of brokerages and drugmakers and after a government report showed that foreign investments and home prices in the country rose in November. The Shanghai Composite Index jumped 0.1% to 2,152.84 as of 1:11 p.m. and the Hang Seng China Enterprises Index added 0.9%.
U.S. Treasuries stayed flat earlier on Wednesday session after recording the largest advanced in one month amid speculation that the Federal Reserve may trim its stimulus measures on today's policy meeting as the economy improves. The U.S. benchmark 10-year government bonds yielded at 2.85% by 2:13 p.m. Tokyo time and it has gained from 1.76% recorded in December 2012.
Finance ministers of the Eurozone came to an agreement to support Greece's economy with another financial aid package totalling one billion euros, the 3rd review of the nation's economic adjustment program. According to the Jeroen Dijsselbloem, the Eurogroup President, Greece reached all four milestones in order to receive the package from the European Financial Stability Facility.
The U.S. Dollar weakened earlier on Wednesday trading session falling against the 17-nation bloc currency and the Japanese Yen as investors awaited a result from the Federal Reserve policy meeting possibly bringing less stimulus by the U.S. central bank. The so-called Greenback traded at $1.3772 earlier on Asian trading session and the U.S. Dollar Index stayed flat at 80.02, down
Wall Street inched lower on Tuesday as investors stayed away from big bets before on outcome of the Federal Reserve policy meeting suggesting whether the central bank curbs its stimulus measures. The Standard & Poor's 500 Index slipped 0.31% and closed at 1,781, the Dow Jones industrial average fell 0.06% to 15,875.26 and the Nasdaq Composite Index closed at 4,023.68,
The Reserve Bank of India decided to keep the main interest rate unchanged, even though the country faces a significant increase in consumer price index, as it reached more than 11% last month. The benchmark rate was held at 7.75%, while economists predicted it to rise, on average, to 8%. The CB officials explain their decision by the necessity to
The total amount of foreign direct investment into Chinese economy surged 5.5% in January-November of this year, comparing with a year ago, as the total sum of the investment reached $105.5 billion, the data from the Ministry of Commerce shows. In November, however, the indicator rose 2.35%. The most significant increase of the investment was registered from the EU –
The negative trade balance in Japan soared 35% in November on the annual basis, totaling as much as 1.29 trillion yen. The result is the worst for November month. Moreover, the trade deficit in the country is registered for 17th consecutive month. The exports' rise was overshadowed by energy imports' surge, as Japan closed its nuclear power plants after Fukushima
The confidence level among New Zealand's businesses jumped to its largest value in more than 14 years, showing the positive attitude towards economic development of the country. The corresponding index from the ANZ Bank climbed to 64.1 points against 60.5 in November. Moreover, the rise of index was noticed in activity outlook, profits and inflation expectations, and manufacturing.
The Minister of Finance of New Zealand announced that his country will be able to show an operating budget surplus in the financial year 2014-2015, as it will reach as much as NZ$86 million. Moreover, the positive balance of budget will surge to NZ$1.67 billion in the year 2015-2016. The previous outlook estimated the budget surplus to be NZ$75 and
The current account deficit of the U.S. dropped in the third quarter of this year to its lowest value since 2009, as the rise in trade deficit was overshadowed by the significant jump in investment earnings. The current account finished the Q3 with a $94.8 billion deficit, declining from $96.6 billion in the previous quarter. The deficit of goods' trade
The property prices in the United Kingdom continued to advance in October of the current year, adding as much as 5.5% on the annual basis, as the lack of supply pushed prices up. Moreover, the housing prices in London climbed 12%, while excluding it and South East, the prices rose only 3.1%. By country, the most considerable increase in prices