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
According to Statistics Canada data, the total amount of manufacturing sales in the country advanced surprisingly in October of 2013, as it reached the largest level in 19 months. The sales jumped 1% after a 0.6% rise a month ago, while economists expected them to go down slightly, decreasing by 0.2%. By industries, 13 of 21 showed a rise, as
U.S. stock-index futures rose slightly, after Monday's advance for the Standard & Poor's 500 Index, as investors speculated on inflation data before Fed's policy meeting. S&P 500 futures expiring in March added less than 0.1% to 1,780.8 as of 9:09 a.m. New York time, while Dow Jones Industrial Average contracts gained 0.2% to 15,853.
European shares fell, after their biggest advance in eight weeks, as the outcome of the Fed policy meeting was awaited by investors. The Stoxx Europe 600 Index slipped 0.3% to 312.59 as of 11:57 a.m. London time, after the gauge gained 1.3% on Monday. However, the equity-benchmark has retreated 3.9% monthly as better than forecasted data in U.S. led to
U.K. shares declined, after the FTSE 100 Index advanced the most in two months on Monday, as BP Plc sent oil and gas stocks lower. The FTSE 100 slipped 0.3% to 6,500.09 as of 11:51 a.m. London time as the Fed two-day policy meeting is awaited by investors and the equity-benchmark has retreated 4.1% from an October 30 highmark has
Gold dropped in London as the Fed starts its meeting today and officials may come to agreement, when to start scaling back its monetary stimulus programme. The Yellow metal for immediate delivery slid 0.2% to $1,238.33 an ounce as of 10:16 a.m. London time, while bullion for February delivery retreated 0.6% to $1,237.60 in New York on low volume.
The Australian Dollar declined to the lowest level in five years versus its New Zealand counterpart after central bank's statement that they will maintain to loosen policy further. Australia's currency traded at 89.47 U.S. cents, after falling to 89.10 on December 13, lowest level since August 30. The Aussie depreciated 0.3% to NZ$1.08 at 5:18 p.m. Sydney time, after sliding
The British currency pared its gains versus the greenback after report indicated that U.K. consumer-price inflation slowed surprisingly in November, reaching the lowest level in approximately four years. The Sterling traded at $1.6302 as of 10:54 a.m. in London, after climbing 0.2%, while it dropped less than 0.1% to 84.47 pence per Euro after falling to 84.55 pence on Monday,
The U.S. Dollar strengthened on Tuesday trading near the five-year peak against the Japanese Yen before a government report showed that inflation in the U.S. rose in November and as Fed starts its policy meeting today. The so-called Greenback traded at 102.99 yen by 6:45 a.m. London time following an advanced to the highest figure since October 2008 at 103.92
Gold increased on Tuesday rising for the third straight day together with silver amid speculation the aggressive bond-purchasing program by the Federal Reserve may be reduced on the central bank's policy meeting starting today. Bullion for December delivery added 0.5% to $1,248.06 an ounce and traded at $1,245.64 at 2:31 p.m. Singapore time, while silver for settlement in December traded
Copper dropped on Tuesday trading session falling for the first time in an eight-day period amid speculation that the Federal Reserve may curb its stimulus program on the policy meeting starting today. Copper for settlement in three months declined 0.2% to $7,278 per metric ton on the London Metal Exchange as of 4:05 p.m. Tokyo time.
U.S. Treasuries rose on Tuesday with the benchmark 10-year yields rising before the Federal Reserve policy meeting starting today deciding whether to tighten the monetary easing as the Treasuries became the worst performing bonds in the world. The benchmark 10-year yields slipped two basis points, or 0.02%, to 2.86% by 6:41 a.m. London time.
Soybeans dropped on Tuesday trading session amid weather forecast in Argentina and Brazil showing rains for the area suggesting that crops may not be hurt by dry and hot weather. Soybeans for settlement in March declined 0.5% to $13.1925 per bushel on the CBOT and traded at $13.245 a bushel as of 1:51 p.m. Singapore time.
European benchmark Brent crude slipped on Tuesday following a session of increase yesterday after a report showed that gasoline inventories in the U.S. gained by 1.75 million barrels last week raising concerns that stockpiles may raise more. Brent for delivery in February declined 26 cents to $109.15 per barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude slipped on Tuesday after rising yesterday amid raising speculation that distillate and gasoline stockpiles in the U.S., the world's largest consumer of the commodity, advanced last week. WTI for settlement in January fell 25 cents to $97.23 a barrel on the NYMEX and traded at $97.36 as of 2:30 p.m. in Singapore.
South Korean producer prices decreased in November from the month before mainly due to a decline in prices of manufacturing industry products falling 0.4%, while services stayed unchanged, the Bank of Korea showed in a report on Tuesday. According to the report, the country's producer prices slipped 0.2% in November after dropping 0.4% in the previous month.
The Australian leading economic index measuring overall situation in the economy advanced for the second successive month in October following this year's upbeat trend, a data revealed by the Conference Board showed on Tuesday. Australia's leading economic index rose 0.5% on a sequential basis to October's 124.4 following a 0.3% jump in the prior month.
Australia's motor vehicle sales advanced in the month of November, however, the figure stayed below the forecast, a report revealed by the Australian Bureau of Statistics showed on Tuesday. According to the report, the country's overall sales of new vehicles added 1.8% standing at 94,978 in November, while it was projected to increase by 2.5% after rising 0.7% in October.
The Australian budget deficit is forecast to widen by more than economists initially expected in 2013-14 amid weaker prospects of local economy weighing on the nation's public finances, a report published by the Economic and Fiscal Outlook showed on Tuesday. According to the report, the country's deficit may widen to A$47 billion compared to a level of A$30 billion projected
European equities dropped on Tuesday trading session after recording the largest streak of gains in a two-month period as investors weighed the outcome of the Federal Reserve policy meeting starting today possibly bringing a stimulus scale back. The Euro Stoxx 50 Index futures expiring on Friday fell 0.3% to 2,967 as of 7:08 a.m. London time, while the London's FTSE
The Eurozone's currency traded higher on Tuesday rising against the U.S. Dollar and stayed near the strongest level in a month versus the British Sterling after an industry report showed that manufacturing activity in the 17-nation bloc accelerated. The Euro climbed to $1.3762, close to a two-year peak reached last week at $1.3811, while it fluctuated at 0.8443 pence per
Wall Street closed higher on Monday after recording the worst week in more than three months after an industry report showed an improvement in manufacturing suggesting that the Federal Reserve may curb its bond purchases on this week's policy meeting. The Dow Jones industrial average added 0.82% to 15,884.57, the S&P 500 Index gained 0.63% to 1,786.54 and the Nasdaq
The majority of Asian stocks advanced on Tuesday trading session after a government report showed that manufacturing production in the world's largest economy accelerated suggesting a possible stimulus scale back and as business activity in the 17-nation bloc expanded last month. The MSCI Asia-Pacific gauge outside Japan gained 0.4% following a drop to the weakest level in three months.