The number of approvals for building in Australia contracted 1.8% in October of this year on a monthly basis, reaching in total 16,491. Economists, in turn, predicted the number of approvals to slump 5% after a revised 16.9% jump a month ago. The building permits surged 23.1% on the annual basis in October, which also exceed economists' forecasts for a
Activity in the manufacturing sector of Spain started to decline once again in November of the current year, slumping for the first time in five months. The benchmark PMI Index, which measures the activity level in the sector, decreased to 48.6 points in November versus 50.9 a month ago. The reading below 50 points indicates a decline, while analysts awaited
The U.S. Dollar declined on Monday with the Dollar Index falling after it recorded the largest gain in November in a six-month period as demand for the haven currency weakened before manufacturing reports signaling less stimulus by Fed. The U.S. Dollar Index released by the Bloomberg tracking the currency performance against its 10-most traded peers dropped 0.1% to 1,019.51 by
German government bunds fluctuated on Monday trade about 0.05% from the weakest level since August before a report showed that manufacturing activity in the 17-nation bloc accelerated for the fifth successive month in November. German benchmark 10-year yields were at 1.70% as of 7:32 a.m. in London after it dropped to 1.65% on October 31, the least since August 8.
European equities were little changed on Monday with the stock-index futures benchmark Europe 600 recorded its third month of gains before a government report showed that manufacturing in the world's largest economy declined. Euro Stoxx 50 Index with settlement in December added 0.1% to 3,086 as of 7:39 a.m. London time, while the London's FTSE 100 Index fell 0.1%.
Gold decreased on Monday dropping for the first session in three days and extending its worst monthly record since June amid speculation that the Federal Reserve monetary stimulus may scale back as the U.S. economy improves. Bullion for delivery in December fell 0.6% to $1,245.87 an ounce traded at $1,245.94 as of 3:37 p.m. Singapore time.
The European benchmark Brent crude increased on Monday after a report showed that the OPEC production declined to the lowest level in two years in November mainly due to drops in Nigeria and Saudi Arabia. January Brent futures gained 69 cents to $110.38 a barrel on the London's ICE Futures Exchange.
West Texas Intermediate oil gained on Monday rising for the second successive session after an industry report showed that manufacturing activity in the world's second-largest economy rose suggesting that the country found its growth momentum. WTI for delivery in January advanced 59 cents on the NYMEX traded at $93.27 as of 3:45 p.m. in Singapore.
The British Sterling strengthened on Monday rising for the fifth straight session against the U.S. Dollar before a government report showed that manufacturing production in the United Kingdom accelerated in November. The Pound added 0.3% to $1.6418 as of 7:46 a.m. in London following an advanced to $1.6443, the most since August 29.
Soybeans jumped on Monday reaching a two-month peak after a demand for supplies of the world's largest producer of the commodity, U.S., slowed after Friday's USDA report showing that exporters sold soybeans totaling 110,000 tons to China. Soybeans for delivery in January advanced 0.6% to $13.45 on the CBOT, the most since September 19.
China's equities declined on Monday with the small-companies gauge falling by a record as government signaled that it resumes initial public offerings and as data showed that manufacturing in China rose in November. The Shanghai composite Index slipped 0.9% to 3:07 p.m. Tokyo time, whereas the ChiNext shrank 8.1% during the session.
The Australian currency increased on Monday rallying from the weakest level in a three-month period, while the New Zealand's Dollar gained for the second straight session after a report showed that China's PMI rose more than expected in November. The so-called Aussie added 0.5% to 91.54 U.S. cents by 5:22 p.m. Sydney time following a drop to 90.56 on Friday,
The majority of emerging-market equities increased on Monday after Markit economic reports showed that manufacturing activity across the whole Asia increase spurring gains in Indian and Indonesian stocks. The MSCI Emerging Markets Index added 0.1% to 1,018.87 by 2:11 p.m. Hong Kong time with 283 stocks jumping and 236 falling.
Russia's manufacturing sector activity slowed down in November with the indicator showing a contraction in the nation's factory sector, a survey released by the Markit Economics unveiled on Monday. According to the survey, the HSBC/Markit Economics purchasing managers' index declined from 51.8 in October to a level of 49.4 in the following month.
Asia's manufacturing sector activity increased in November as purchasing managers' indicators showing modest increases in nations from China to Indonesia staying above a level of 50, the latest data revealed by the Markit Economics showed on Monday. China's PMI posted 50.8 last month, Indonesia's PMI was at 50.3 and the Vietnamese PMI changed from 51.5 to 50.3 on the month.
Manufacturing activity in the Asia's third largest economy returned to expansion in November mainly due to an increase in production as new orders rose, a data released by the Markit Economics unveiled on Monday. The data showed that India's HSBC purchasing managers' index advanced from a level of 49.6 in October to 51.3 recorded in the following month.
Manufacturing sector in the world's second largest economy maintained its momentum in the month of November, however the pace of growth slightly eased, the latest report published by the HSBC and Markit Economics revealed on Monday. According to the report, the HSBC/Markit China's purchasing managers' index fell from 50.9 in October to 50.8 in the following month.
Asian shares decreased on Monday led by Thai and Japanese stocks after a government report showed that manufacturing sector activity continued to expand with a decent momentum and as traders awaited U.S. data later this week. The broadest MSCI Asia-Pacific gauge outside Japan edged 0.2% lower paring drops after PMI reports.
The performance of India's economy improved in the September quarter rebounding from the lowest level in four years mainly due to an increase in construction and agriculture, a report published by the Central Statistics Office revealed on Friday. According to the report, India's GDP accelerated 4.8% on an annual basis in the Q3 after it added 4.4% in the Q2.
Mortgage approvals in the United Kingdom advanced in October rising to the strongest level in almost six years mainly due to an increase of bank lending and an improvement in the property market, a report published by the Bank of England showed on Friday. The nation's house purchases mortgage approvals gained from September's 66,891 to 67,701 in the following month.
Industrial producer prices in Italy declined in October dropping for the seventh straight month mainly due to a 7.9% fall of energy products and a 1% slid of intermediate goods costs, a report published by the statistical office Istat revealed on Friday. According to the report, the country's producer price index slipped 2.7% in October following a 2.2% decrease in
Spanish government securities advanced on Friday with the benchmark 10-year yields slipping by the most in a two-week period after the rating agency Standard & Poor's improved the nation's debt outlook on signs of recovery. The Spain's 10-year yields dropped 0.03% to 4.13% as of 1:53 p.m. in London, the largest slid since November 14.
U.S. Treasuries dropped on Friday extending the first monthly fall since August amid speculation that the U.S. government report next week may show that jobless claims declined enough to farce the Federal Reserve to trim the stimulus measures. The benchmark 10-year yields advanced two basis points to 2.76% as of 8:55 a.m. in New York.
Asia's equities recorded a slight increase on Friday, however, the benchmark index for Asian shares was set to record its first lost in a month since August after the Australian government didn't accept a bid for of GrainCorp Ltd. takeover by foreign investor. The MSCI Asia Pacific Index added 0.1% to 142.01 as of 9:05 p.m. Hong Kong time.