U.K. gilts advanced for fourth straight day, amid speculations the Federal Reserve will maintain its debt-purchase programme until 2014. The ten-year gilts declined four basis points to 2.56% as of 3:08 p.m. in London, the weakest since August 13, while the price for 2.25% security note due in September 2023 advanced £3.75 per £1,000 nominal value, to 97.35.
According to the data of the National Bank of Belgium, economic growth in the country reached 0.3% in July-September of this year on a quarterly basis, while in the second quarter the economy increased 0.2%. Moreover, the economy is now rising for the second consecutive quarter after stagnating in January-March. On the annual basis the economy added 0.4% after a
The U.S. government ten-years bonds slipped one basis point to 2.49% this morning, after touching the lowest level since July, as markets expect Fed's decision on monetary stimulus in nearest future, which is most likely will delay tapering debt-purchase programme until the next year. Meanwhile, seven-year notes declined around one basis point to 1.863%, the three-month low.
According to the new weekly data from the U.S. Energy Ministry, oil inventories in the country jumped 4.1 million barrels during the last week, which ended on October 25. Analysts forecasted a much lower increase in inventories of 1.9 million barrels. At the same time, a rise in inventories slowed from the previous week. Following the data release, WTI price
Consumer price index in the United States increased only 0.2% in September of this year, while the annual inflation stood at 1.2%, being the lowest since April. Excluding the prices' rise on energy and food, the inflation was only 0.1%. Energy prices, in turn, surged 0.8% during the reporting period. At the same time, the overall inflation level remains lower
The economic growth in Spain, which currently has the largest unemployment level in the Eurozone, reached 0.1% on a quarterly basis in July-September of this year, as the two-year long recession ends in the country. The result matched economists' predictions. On the annual basis Spanish GDP lost 1.2%, and this is significantly lower than a quarter ago, when the economic
The unemployment level in the largest economy of the Eurozone, Germany, climbed in October to its highest level since the middle of 2011, reaching 2.973 million people, 2,000 more than a month earlier. At the same time, the joblessness rate remained stable at 6.9%, the historically lowest level since 1990. Meanwhile, recently a few German companies announced significant job cuts.
The Euro depreciated 0.02% to $1.3742 versus greenback at 7:57 am GMT time, before German employment data, as economists' expect unemployment rate to remain unchanged at 6.9% this month. Nevertheless, the Euro advanced at its fastest pace reaching $1.3832, the two-year high, last Friday, after U.S. employment data, underestimating the fact that Federal Reserve is likely to maintain its monetary
One of the world's biggest oil and gas producers reported Q3 earnings data on Wednesday was well ahead of expectations. Statoil's net income after taxes added 2% to $2.1 billion from $2.02 billion last year, which is $34 million more than expected, while domestic production advanced almost 6% and international output rose by 13%. Q3 oil output grew to 1.852
The Stoxx Europe 600 Index advanced 0.3%, extending this month gains. Major contributor was TomTom NV, which surged 5.4% after Dutch producer of navigation system increased their earning forecasts for 2013. Eni SpA jumped 2.8% after announcing that their third quarter net income beat expectations, while Sanofi tumbled 1.9% after saying that their profits will most likely fall 10% this
The Pound was changing hands at $1.6047 as of 7:43 am in London, after reaching $1.6257 last week, the highest since October 1, as economists expect British businesses survey to reveal home prices growth and manufacturing expansion slowdown. The Sterling traded at 85.63 pence per Euro after slipping to 85.85 pence a day before, which is the lowest level
Australia's new home sales advanced in the month of September reaching the strongest level in more than two years and recording the fastest month-on-month increase since April 2012, the Housing Association reported on Wednesday. Total new home sales climbed 6.4% on a monthly basis in September after it gained 3.4% in the month before.
The South Korean Won recorded a modest rise on Wednesday closing 0.6% from the strongest level in two years as investors awaited the outcome of the Federal Reserve two-day policy meeting suggesting continued stimulus. The Won traded at 1,060.30 per U.S. Dollar at close in Seoul following a gain to the strongest level since August 2011 at 1,054.35 on October
The Canadian currency declined on Wednesday dropping to the weakest level in seven weeks after Governor of the nation's central bank Stephen Poloz announced that temporary stimulus would have positive impact on Canadian commodity exports. The so-called Loonie slipped 0.2% to C$1.0469 per U.S. Dollar as of 5 p.m. Toronto time following a drop to the lowest level since September
The Australian and New Zealand's Dollar decline on Wednesday with the Kiwi Dollar dropping to the lowest level in a four-week period as the rating agency Moody's Investors Service considers stripping the country's top credit rating. Kiwi traded at 82.62 U.S. cents as of 5 p.m. Sydney time after touching 82.13, the lowest since October2, while Aussie traded at 94.91
Gold dropped on Wednesday after recording another loss yesterday amid higher U.S. Dollar as investors seem to expect the monetary stimulus program kept unchanged in the next few months at least after a two-day policy meeting of the Federal reserve and as China's demand slows. Bullion for settlement in October traded at $1,344.36 an ounce by 12:14 p.m. Singapore time
Chinese shares advanced on Wednesday rising the most in a seven-day period amid speculation that the nation's government may introduce measures in order to boost the economy and as oil companies showed quarterly reports. The Shanghai Composite Index rebounded from the lowest level in seven weeks gaining 0.9% to 2,147.76 as of 2:02 p.m.
Industrial production in the Asian second-largest economy jumped on a monthly basis in September reversing the prior month's decline, a data published by the Ministry of Economy Trade and Industry revealed on Wednesday. The data showed that industrial output gained 1.5% in September following a 0.9% fall in August, while it was forecast to climb 1.8%.
Automobile production in Japan recovered in September recording a double-digit advance following a thirteen-month drop, the Japan Automobile Manufacturers' Association reported on Wednesday. The report showed that the production rose 13% on an annual basis totaling 873,623 vehicles, while domestic sales gain 17% compared to a 10.2% of exports.
Industrial production in South Korea fell surprisingly in September recording the largest drop in a six-month period mainly due to a notable decline of carmakers hit by labour strikes, a report revealed by the Statistics Korea showed on Wednesday. The country's industrial output fell 2.1% on a sequential basis in September compared to a 0.4% drop preliminary projected.
The U.S. currency traded higher on Wednesday touching the highest level in a week against the majority of its most-traded peers as investors reduced short positions ahead of the result of the Fed two-day policy meeting. The U.S. Dollar index surged 0.1% to 79.648 following an earlier increase to the highest level since October 22 at 79.692.
Wall Street jumped on Tuesday with the benchmark indexes Dow Jones and S&P 500 recording new all-time highs after a government data signaled that the Federal Reserve may keep the aggressive stimulus measures unchanged. The Dow Jones Industrial average climbed 111.42 points to 15,680.35 and the S&P 500 Index added 9.84 points to 1,771.95.
Asia shares jumped on Wednesday as Wall Street recorded new highs after a two-day meeting of the Federal Reserve representatives resulting in keeping the stimulus measures unchanged in the next few months. Japan's Nikkei index advanced 1.2%, Australian shares index gained 0.4%, Shanghai stock index 0.5%, while the MSCI Asia-Pacific index climbed 0.3%.
Consumer confidence in the U.S. recorded a steep declined in the month of October caused mainly by this month's partial government shutdown, a report published by the Conference Board revealed on Tuesday. The report showed that consumer confidence index slipped from 80.2 in September to 71.2 in the following month, while it was expected to slide to 75.0.