West Texas Intermediate crude declined on Monday with the volume of traded futures falling below a 100-day average after a survey showed that prices of the WTI are forecast to slip this week amid weaker fuel demand in the U.S., the world's largest consumer of the commodity. WTI for settlement in January slipped 26 cents to $96.34 a barrel on
European benchmark Brent crude advanced on Monday rebounding from the largest weekly fall since October after a Libyan reel leader Al Jerdan rejected conditions of the government to reopen three oil ports pushing the Africa's oil reserves down to 210,000 barrels a day in November. Brent for delivery in January expiring today rose 73 cents to $109.56 a barrel on
Emerging-market equities slipped on Monday with the regional benchmark index dropping to the lowest level in a month after a report showed that manufacturing activity in China accelerated less than expected last month and as investors weighed a possible tapering of the U.S. stimulus The MSCI Emerging Markets Index shed 0.2% to 988.94 by 1:34 p.m. Hong Kong time.
The majority of Indian shares dropped on Monday pushing the local benchmark index Sensex lower after a government report showed that the main gauge of inflation in the country advanced more than originally expected. The S&P BSE Sensex declined 0.2% to 20,680.65 as of 12:17 p.m. Mumbai time with three stocks falling to every two rising.
The Australian currency declined on Monday falling ahead of tomorrow's release day of minutes from the Reserve Bank of Australia's Governor Glenn Stevens speech on policy meeting last week and as investors wait for an outcome of the Fed's meeting on December 17 and 18. The Aussie slid 0.1% to 89.53 U.S. cents as of 4:52 p.m. Sydney time following
The Japanese currency strengthened on Monday rebounding from the lowest level in five years as investors weighed U.S. economic data before a policy meeting of the U.S. Federal Reserve that is forecast to bring a monetary policy tightening. The Yen jumped 0.4% to 102.84 per U.S. Dollar by 6:35 a.m. London time and increased 0.3% to 141.45 a Euro.
Annual inflation in India accelerated in November with the main inflation gauge rising by more than economists originally expected as primary articles prices increased 15.92% and food prices added 19.93%, the Ministry of Commerce showed in a report on Monday. India's wholesale inflation index gained from 7% to 7.52% on an annual basis in November.
A weekly leading indicator forecasting a future performance of the U.S. economy recorded a decline in the week until December 6, a report published by the ECRI unveiled on Friday. According to the report, the U.S. annual growth is expected to slow down as the index showed a fall from 132.7 to 131.4 last week with the growth dropping from
Service sector performance index in New Zealand recorded a slight decline in the month of November, however, the figure stayed above a level of 50 suggesting an expansion in the sector. A report revealed by the Business New Zealand showed on Monday. According to the report, New Zealand's service sector index fell from 57.7 in October to 56.3 in the
The majority of Asia's stocks declined on Monday as investors awaited for an outcome before the U.S. Federal Reserve policy meeting this week on December 17 and 18 that may bring a scale-back of its monetary easing currently totalling $85 billion a month. The MSCI broadest Asia-Pacific gauge outside Japan fell 0.3%, while Shanghai index slipped 1.6% on China's factory
Property prices in one of the most attractive countries in Asia, Singapore, climbed 13% in November of this year, as the number of new projects increased. The total amount of sales reached 1,228 units of property versus 1,087 a year ago. At the same time, on a monthly basis prices rose 15%. Economists say that an increase in prices happened,
The Index of business sentiment from Tankan survey, which measures the activity level among Japanese manufacturers, jumped to 16 points in the current quarter of this year from 12 points three months ago. Analysts, in turn, expected the index for large producers to climb to 15 points. At the same time, the medium-sized manufacturers have seen an index increase to
Activity in the manufacturing sector of China continued to increase in December of this year, as the benchmark PMI Index from the HSBC Bank, which evaluates the activity level in this sector of Chinese economy, decreased slightly to 50.5 points. The PMI stood at 50.8 points a month ago, while economists predicted the activity index for the country's manufacturing to
Home prices in the U.K. decreased slightly in December of the current year amid seasonal factors, as the average price for property in the country lost 1.9% to 241,455 pounds. At the same time, it was the smallest fall in prices for December since 2006. On the annual basis prices, in turn, rose 5.4%, while the Rightmove real estate agency
The U.S. House of Representatives voted for the first bipartisan federal budget since 2009, as both major parties reached the final agreement on important issues. The lawmakers approved the budget with 332 votes for versus 92 votes against it. The passed budget includes a $63 billion ease in spending cuts. At the same time, this budget keeps about 50% of
The positive trade balance of the Netherlands jumped 400 million euro in October of the current year on the annual basis, reaching in total 4.2 billion euro. At the same time, the data shows a 2.1% decrease in exports from a year earlier to 37.9 billion euro. Imports, however, plunged as much as 3.4% to 33.7 billion euro. Export prices
The Central bank of Russia, Bank Rossii, decided not to make any changes in the monetary policy after the Friday meeting. The key interest rate remained flat at 5.5%, being unchanged already for 15 consecutive months. Economists see the Russia's economy to weaken, as inflation rises. The latter stays above the target level of 5-6%, as the CPI reached as
The sovereign credit rating of Russia was confirmed by the Standard&Poor's rating agency at the BBB/A-2 level in foreign currency, while the rating in the local currency was affirmed at BBB+/A-2 level. At the same time, the future outlook for the rating remained unchanged at stable mark, which points on balanced risks for the economy, as it is expected to
The producer price index, which measures the prices of finished goods in services from producers' side, dropped in the U.S. by 0.1% in November of this year after a 0.2% slump a month ago. Lower costs for cars and energy pushed the PPI down. At the same time, excluding prices for energy and food, prices were up 0.1% on a
Employment in the 17-nation bloc remained at a same level for the second straight quarter in the Q3, while the whole European Union employment stayed unchanged as well, a report revealed by the statistical office Eurostat showed on Friday. According to the report, the Eurozone's employment dropped 0.8% on an annual basis in the Q3 following a drop by 1.1%
German equities swung between gains and losses on Friday trading session as the benchmark gauge heading towards the second successive weekly decline before the Federal Reserve policy meeting that is forecast to bring a scale-back of stimulus measures. The benchmark index DAX gained 0.2% to 9,034.23 as of 10 a.m. Frankfurt time and it has dropped 1.5% this week.
Emerging-market shares fell on Friday and were set to record their second successive weekly drop as Indian equities tumbled on unfavourable economic data despite gains in China's stocks. The MSCI Emerging Markets Index swung between gains and losses by 8:50 a.m. London time, when about the equal number of stocks rise and slide, and it has fallen 1.1% this week.
Asian equities dropped on Friday session with the local benchmark index heading towards its second weekly fall amid raising speculation that the Federal Reserve may tighten its monetary policy on the next week's meeting as the economy improves. The MSCI Asia-Pacific Index outside Japan slipped 0.3% to 137.68 by 4:27 p.m. Hong Kong time.
Indian shares declined on Friday with the local benchmark index heading for the largest weekly fall in one month after a government report showed that inflation in the country advanced more than forecast raising concerns over interest rate increase. The S&P BSE Sensex dropped 0.9% to 20,734.08 as of 2:17 p.m. Mumbai time and it has fallen 1.2% this week.