Emerging-market equities increased on Friday with the area's benchmark index rising towards a weekly gain as financial and technology shares advanced, while the Thai stocks and the local currency dropped. The MSCI Emerging Market Index surged 0.3% to 1,006.70 as of 2:05 p.m. Hong Kong time and it has jumped 0.2% this week.
West Texas Intermediate crude advanced on Friday traded close to the highest level in a three-week period after a government report showed that claims for jobless benefits in the world's largest economy advanced suggesting an economic recovery. WTI for delivery in January slipped 31 cents to $95.13 a barrel as of 2:15 p.m. on the NYMEX.
The Japanese currency declined on Friday falling towards the lowest level in four months against the U.S. Dollar amid signs that risk appetite of investors improved and as the Federal Reserve signaled it may scale back sooner than expected. The Yen slipped to 136.54 per Euro, the lowest since October 2009, and it traded at 101.36 per U.S. Dollar.
Wall Street shares closed higher on Thursday with the benchmark index Dow Jones closing above a level of 16,000 for the first time after the shares rebounded from a three-day losing streak as report showed that labour market improved. The Dow Jones industrial average added 0.69% to 16,009.99, the S&P 500 Index climbed 0.81% to 1,795.85 and the Nasdaq Composite
Japan's stocks dropped on Friday snapping a six-month streak of gains as the Japanese currency declined and other Asia's markets fell amid expectations that the Federal Reserve may start tapering its bond-buying program soon. The benchmark Japan's index Nikkei 225 advanced more than 1% and closed 0.1% higher and it added almost 10% in last two weeks traded near this
The 10-year Treasury yield advanced 0.01% to 2.81% as of 8:39 a.m. in New York, after the Labor Department reported a decrease in jobless claims by 21,000 from 323,000 last week, surpassing economists expectations for a decline to 335,000. The 2.75% security note due in November 2023 slid 94 cents per $1,000 par value, to 99.468.
The Eurozone shared currency rocketed at fastest pace almost reaching its 4-year high level versus Yen, after the ECB president Mario Draghi didn't confirm the plans to introduce negative deposit rates, stressing that record-low 0.25% interest rate was not aimed to reduce the inflation risks and the 17-nation economy improves gradually reaching its under 2% inflation target. The Euro appreciated
The Britain's manufacturing output in the first 2 months of Q4 was growing at its fastest pace since January 1995, and is expected to improve around 0.9% in final quarter, the CBI Industrial Trends Survey revealed. More than one-third of firms said that total amount of orders books were higher than usual in November, while one-fourth reported a balance at
U.K. government ten-year gilt yields climbed 0.08% to 2.81% as of 10:55 a.m. in London, after to Federal Reserve signalled, in its minutes of October 29-30 meeting, to cut monetary stimulus in nearest future as economic data continues to show ongoing improvement. The 2.25% security note due in September 2023 slipped 0.62 per 1.000 Pound par value, to 95.255, while
The 17-nation shared currency declined 0.1% to $1.3424 after the release of disappointing French PMI, which showed further decline to 47.8 point in manufacturing area and 48.8 in services sector, while an optimistic German manufacturing activity figures helped the currency to avoid bigger losses. German manufacturing PMI improved 0.8 point to 52.5 in November, while service sector rose to 1.6
The Eurozone manufacturing PMI advanced 0.2 points to 51.5 in November from prior month, matching the analysts' expectations, while the figure is heading for almost 2.5-year high level. Despite the fact that euro area economy expanded for fifth straight month in November, on the quarterly basis there is a slight increase in GDP of only 0.2%. Meanwhile, it is most
The British Sterling swung between gains and losses on Thursday versus its U.S. counterpart and the 17-nation bloc currency before a report showed that the U.K. budget deficit narrowed in the month of October. The Pound increased to $1.6178, the most since October 28, and traded at $1.6097 by 7:48 a.m. in London, while it fell to 83.43 pence per
European benchmark Brent crude decreased on Thursday after a government report showed that inventories in the world's largest producer slipped last week by 345,000 barrels compared to an estimated level of 300,000. Brent for settlement in January slid 44 cents to $107.62 a barrel on the London's ICE Futures Europe Exchange.
West Texas Intermediate crude declined on Thursday falling for the second successive session as traders weighed a possible monetary easing scale back after the Fed signalled so in the last meeting's minutes released today and as inventories advanced for ninth straight week. WTI for delivery in January fell 45 cents to $93.40 a barrel on the NYMEX and it traded
U.S. Treasuries jumped on Thursday rising to the strongest level in more than a three-year period against the Group of Seven bonds after the Federal Reserve representatives signalled that the loose monetary policy may be tightened on one of the next meeting. The benchmark 10-year yields fluctuated at 2.79% by 7 a.m. London time.
European government bonds decreased on Thursday with the Spanish 10-year securities falling for the fifth successive session after fixed-assets demand damped as the Federal Reserve minutes showed tapering may begin sooner than expected. Spain's 10-year yields added 0.05% to 4.14%, while the Italy's 10-year bonds yielded at 4.12% following a 0.03% gain.
German government securities declined on Thursday after the Federal Reserve minutes showed that the U.S. central bank bond-purchasing program may begin taper off sooner than expected. German benchmark 10-year bund jumped five basis points to 1.76% as of 8:42 a.m. in London following a climb to 1.78%, the most since November 13.
Data released by the Bureau of Statistics revealed that unemployment rate in the Netherlands has decreased to 8.5% from 8.6% in October, thus reaching the lowest jobless rate in five-months. However, the Dutch household spending year-on-year basis has dropped 2.1% in September, while the spending on durables has plummeted 6.1%.
European stocks dropped after China's manufacturing data tumbled more than expected and the Federal Open Market Committee minutes signaled that Federal Reserve might reduce stimulus in next months. The Stoxx Europe 600 Index slipped 0.6%, as the computer-service giant Atos contracted 4.7%, after saying it has sold 8.9 million shares.
Trade balance of Switzerland came in surplus in the month of October staying at the same level as in September, the latest data published by the Federal Customs Administration revealed on Thursday. According to the data, Swiss trade surplus recorded CHF 2.6 billion, when the country's exports advanced 0.9% on an annual basis and imports dropped 0.2% in October.
Existing home sales in the world's largest economy declined in October falling for the second successive month, however the drop was slightly smaller than originally expected, the National Association of Realtors reported on Wednesday. The report showed that the U.S. existing home sales slid 3.2% year-on-year to 5.12 million units in October following a 1.9% fall to 5.29 million units
The U.S. Federal Reserve decided to maintain its easy-monetary policy of bond purchases totalling $85 billion per month on its last meeting, according to the minutes published from the central bank's last meeting on Thursday. The minutes also revealed that the Fed's officials debated whether to set a calendar date for the end of the stimulus.
Business inventories in the world's largest economy advanced at a faster rate than economists originally predicted in September, the latest data published by the Commerce Department revealed on Wednesday. The data showed that business inventories added 0.6% in September following a 0.4% gain in the month before, while it was predicted to rise 0.3%.
Wholesale price inflation in the Asian third largest economy is set to moderate to a level below 5% as fruit, vegetables, meat, eggs and mild prices are elevated and are pushing the inflation rate higher, the country' finance minister said on Thursday. India's inflation advanced 7% on a monthly basis in October from a level of 6.46% recorded in September.