Producer prices in Spain declined in November falling for the second time in three months, the latest report published by the statistical office INE revealed on Monday. According to the report, the Spain's producer price index dropped 0.2% on an annual basis in November after it added 0.1% in the month before, while intermediate goods prices slid 2%.
According to analysts' expectations, around 300,000 households in the United States will not be able to pay its heating bills this winter, as the government spending sequester has cut the benefit amounts. The average data says that almost $2,100 is necessary to heat the four-bedroom flat, while the heating benefit is now only $800. The total heating benefit program was
German government bunds swung between gains and losses on Monday as the bonds prices slipped 1.3% this year through November 22 before this week's report forecast to show that inflation in the 17-nation bloc currency advanced in November. The benchmark 10-year bunds yielded at 1.75% by 7:13 a.m. in London and the 2 percent securities due in August 2023 traded
The Czech economic confidence in November advanced to 4.5, after it dropped to 2.9 in previous month, thus indicating that the consumers in Czech Republic are not that pessimistic about the current economic situation. Major contributor to the rise in confidence was advance in business sector, which jumped to 7.9, compared to 7 in October.
The South Korean currency jumped on Monday gaining for the second straight session amid speculation that exporters are selling U.S. Dollars as it's coming closer to the end of November to meet month-end expenses. The Won advanced 0.2% to 1,058.80 per U.S. Dollar by 9:44 a.m. Seoul time, only 0.4% off the strongest level in two years at 1,054.35.
The Indian currency strengthened on Monday rising against the majority of its most-traded regional peers amid optimism that current-account deficit may be shrank in South Asia as Iran and world's powers agreed on Iranian nuclear program. The Rupee increased 0.6% to 62.5050 per U.S. Dollar by 10:16 a.m. Mumbai time following a gain to the highest level since November 20
European stocks surged, as Iran accepted to retrain its extensive nuclear program and companies reported gains. The Stoxx 600 index gained 0.4%, after last week it dropped 0.1%, which was the first decline in more than a month. The Fresenius AG surged the most 7.9%, after the U.S. plan to reduce Medicare payments for next year.
The Swiss Federal Statistical Office released the latest Job statistics this Monday at 8:15 am, GMT. YOY employment for the 3rd quarter increased by 1.2%, with services sectors increasing by 1.%, while industrial sectors went down by -0.3%. The total number of people employed was 4.2M, a bit above analysts' expectations of 4.19M, and the highest in the
The U.S. 10-year government bond yields advanced 0.02% to 2.77% at 6:46 a.m. in London, amid speculation the Federal Reserve will most likely taper its monetary stimulus next month, after Fed President James Bullard stressed last week that quantitative easing taper will be discussed on December's meeting, and is likely to be reduced on strong jobs data.
Sentiment among French entrepreneurs stayed flat in November of the current year, comparing with the previous month, as the benchmark indicator remained at 98 points. Analysts, in turn, forecasted the index to lost one point to 97. It is worth pointing out that the indicator for showing manufacturing expectations in France slipped from -6 to -16 points, while the exports
Soybeans dropped on Monday retreating from the strongest level in an eight-week period amid expectations that crops in the world's largest exporter of the commodity, Brazil, may be boosted by favourbale soil moisture and as rains in Argentina also help local crops. January soybeans futures lost 0.3% to $13.15 a bushel on the CBOT and traded at $13.1525 at 2:07
India's stocks gained on Monday rising the most among Asian shares amid concerns that inflation may be slowed by falling oil prices after the world's powers and Iran reached a deal on Iranian nuclear program and capped oil sales in the country. The Indian benchmark index Sensex climbed 1.3% to 20,486.7 as of 11:46 a.m. Mumbai time.
Aussie depreciated 0.6% to NZ$1.1140 at 2:05 p.m. is Sydney, after reaching NZ$1.1137, the weakest level since October 2008, amid speculation, before the RBA deputy governor Philip Lowe speech, that Reserve Bank will curb currency strength. Meantime, the Australian currency sank 0.2% to 91.67 U.S. cents, before trading near three month low at 91.44 on November 22.
Emerging-market equities increased on Monday rising for the second straight session after the global powers and Iran agreed on the Iranian nuclear program pushing the oil prices down and as the Thai currency dropped to the lowest level in 10 weeks. The MSCI Emerging Markets Index gained 0.4% to 1,012.94 by 2:06 p.m. Hong Kong time.
Chinese equities fluctuated on Monday as China Petroleum & Chemical Corp. led declines after Qingdao pipeline explosion killed 52 people and as port and defense-related shares recorded gains. The Shanghai Composite Index slid 0.2% to 2,193.99 by 2:16 p.m. local time following a 0.6% gain recorded earlier on the session.
The Asian stocks paired gains after the Yen dropped and Iran agreed to restrain it's nuclear program. The MSCI Pacific Index increased 0.3% as eight out of ten industry groups advanced, while in the previous week index dropped 0.2%. In Asian stocks Nikon Corp. jumped 3.6%, after the Japanese Yen touched the lowest level in nearly six months versus the
West Texas Intermediate oil declined on Monday together with Brent crude after the global powers and Iran reached a deal on the country's nuclear programme cutting Iranian sales of oil by 60% since the beginning of 2012. WTI for settlement in January slipped $1.45 to $93.39 a barrel on the NYMEX, while the discount to Brent shrank to $14.70 today
European benchmark Brent crude slipped on Monday heading for the largest drop in a three-week period after the world powers and Iran agreed on a preliminary accord on Iran's nuclear program reducing economic sanctions while maintaining oil sales cap. Brent for delivery in January fell $2.99 to $108.06 a barrel on the London's ICE Futures Europe Exchange.
The Japanese central bank's Governor Haruhiko Kuroda expressed confidence that the country is likely to reach its inflation target of two percent as expected amid an improvement in aggregate demand and supply balance and as CPI is forecast to maintain its uptrend. However, the Bank of Japan's policymakers also added that the nation may not be clear yet about a
A debt burden country, Greece, may not need another financial aid package provided by Troika as the country's Prime Minister Antonis Samaras claimed the economy entered an era of recovery following a six-year period of contraction. The Greek Prime Minister also expressed his confidence that the nation will meet its payment obligations.
Credit costs of British manufacturers advanced in the last three months of 2013 after demand for funds increased as well, a survey conducted by the manufacturers' association EEF revealed on Monday. According to the survey, an increase in cost of credit was reported by 11% of companies, the highest figure reported since the last quarter of 2012.
Norwegian government plans to weaken banking rules in mortgage lending, as property prices in the country started to decline. Since 2003 housing prices surged twice, but started to decrease some time ago, showing the risk of deflation on the property market. It is expected from the government to raise the maximum lending limit to 90% of the property value, while
The Finnish producer price index dropped 0.9% in October, in previous months the Finland Statistics reported a 1.1% contraction in September and a 0.9% fall in August, while the output prices in foreign markets tumbled 2.2%. The biggest decrease in prices was mainly for oil products, chemicals and chemical products.
European futures were boosted after the Europe's largest economy, Germany, together with the security council, agreed with Iran to restrain it's nuclear program, while in return from the Western powers to remove some of the US$7 billion sanctions. The Futures of the European Stoxx 50 advanced 0.6%, while the Drench CAC 40 futures increase 0.26%.