European shares changed slightly, after the Stoxx Europe 600 Index declined to the six-week low on Thursday, as the U.S. jobs data are awaited. The Stoxx 600 slid near 0.1% to 291.6 as of 8:04 a.m. London time; however, the index has advanced 4.3% this year to date as most central banks kept their stimulus programmes.
The Sterling was headed for the biggest one-week advance in more than 36 months against the greenback, ahead of a report that is expected to show U.S. employment rose at a slower pace than predicted. The British currency traded at $1.5592 as of 7:52 a.m. in London after adding 2.6% against the U.S. Dollar this week, the most in more
Standard & Poor's lowered the Brazilian credit rating outlook, which said weak economic improvement and an expansionary economic policy possibly might rise Government's debt levels. The S&P announced yesterday that it cut outlook on Brazil's BBB rating, that is two levels higher than junk and matches with Mexico and Russia, from stable.
Most Asian stocks dropped Friday amid caution before U.S. payroll report, while Japan's shares declined for the third day in a row after overseas sellers were pressured amid the Japanese Yen's jump overnight. Australian S&P/ASX 200 declined 0.9% and South Korean Kospi fell 1.8%, and Hong Kong's Hang Seng Index slipped 1.4%.
German 10-year bunds rose before today's domestic industrial output data release, which will show no change, according to experts' prediction. The yield decreased 2 basis points to 1.5%. The euro area's government bonds fell yesterday as Mario Draghi said that the economic growth will return by the end of this year, which reduced the need for additional stimulus.
Treasuries climbed for the third day, after Japan's shares dropped and economists expect that the data will indicate employment advanced less-than-predicted. Benchmark 10-year yields fell to 1.06% and the price of the 1.75% bond expiring in May 2023 increased $1.88 per $1,000 nominal value, to 97 1/4. Due to market volatility, investors are buying safer assets and the U.S. Treasury
Germany's exports rose 1.9% in April compared to 0.5% advance in March, which was higher than experts' expectations of 0.1%, while imports increased 2.4%. Country's trade surplus decreased from EUR18.8 billion last month to EUR18.1 billion in April. The ECB revised its growth expectations and it now forecasts that the euro area will grow 1.1% in 2014 after shrinking 0.6%
As the Gold's bear market started approximately 8 weeks ago, the gold traders are the most bullish as the equities declined from near five-year high and the U.S. Dollar fell. According to analysts surveyed by Bloomberg, the yellow metal's prices should go up. The global shares advanced to the highest level since June 2008 on May 22 touched the lowest
The Australian Dollar fell today, sending the currency for its biggest weekly loss against the Yen since September 2011. The Aussie slid 1.6% to 91.56 Yen after it touched 90.84,posting a 4.8% weekly decline. The currency also depreciated 1.2% against the U.S. Dollar to 94.86 U.S. cents. 10-year Australian government bond yield decreased 0.09 percentage points to 3.26%.
Chinese stocks fell today for 7th day in a row, which might be the first weekly drop since April 26. The decline was caused by concerns about tighter liquidity and slowing economic activity as economists predict that the data will show slower export growth tomorrow. The Shanghai Composite Index slid 1%, while the CSI 300 Index dropped 1.3%.
The Loonie appreciated the most in almost 12 months against its U.S. counterpart as the Bank of Canada Governor Stephen Poloz said in his first statement that the increase in rates will be supported by economic growth. The Canada's currency advanced 0.8% to C$1.0264 per U.S. Dollar as of 5 p.m. Toronto time after rising 1.4%, the most in almost
The U.S. Dollar dropped 0.5% against the Yen to 96.44 from 97.52 earlier today and Japanese stocks sank before today's non-farm employment change and unemployment rate data releases in the U.S, which might shed light on the future of Fed's monetary easing. Nikkei 225 index shrank 1.9%, while Topix fell 2.4%. Economists expect the U.S. unemployment to stay at 7.5%
The Japanese Yen gained the most in three years as country's Finance Minister Taro Aso stated that there would not be an intervention. The Japan's currency appreciated 1.4% to 95.65 per Dollar at 1:20 p.m. Tokyo time and it is headed for a 5.1% jump weekly, the currency advanced 2.2% on Thursday. The Yen rose 1.1% to 127.02 per Euro,
Inflation expectations in the U.S., calculated as the difference between 10-year Treasuries and similar-maturity Inflation Protected Securities, fell to 10-month low as the spread narrowed to 2.14% today, before tomorrow's wage gains data. The current real yield on 10-year government bonds is 0.98%, while it is expected that yield will rise 40 basis point by the end of the year.
Share prices in the U.S. dropped on Wednesday as investors speculated that the Fed might slow down its bond purchasing programme. Experts say that this move might indicate the end of an seven-month rally in the U.S. stocks. The Nasdaq Composite Index dropped 1.27%, the S&P 500 decreased 1.38%, while the Dow Jones industrial average shrunk 1.43%.
Economists predict that Mario Draghi will announce in today's press conference that he will keep the interest rates in the euro zone unchanged, emphasizing improving sentiments in the region's economy. Experts also forecast no changes in the monetary policy of the Bank of England, which will continue its GBP 375 billion bond purchasing programme. The current ECB and BoE benchmark
India's currency dropped to 57 per Dollar for the first time in almost 12 months as Asian shares declined on speculation that the Fed will taper stimulus. The India's Rupee slipped 0.4% to 56.9450 per Dollar at 10:10 a.m. Mumbai time, after it reached 57 earlier, the weakest in more than 11 months. The India's central bank may start selling
U.S. crude oil futures gained on Thursday, led by a small drop in the U.S. currency before the ECB's monetary-policy report and one-month U.S. employment data at the end of the week. Oil for July delivery rose 0.2% reaching $93.95 a barrel during Asian trading hours. According to reports from the government, U.S. oil supplies fell more than predicted.
German government bunds remained flat as ECB lawmakers decision on interest rates. German 10-year bond yielded 1.51%, following a gain to 1.57% on June 3. Investors who hold Germany's stocks and bonds suffered a loss of 0.7% this year. The ECB decreased its refinancing rate by 0.25% on May 2 and Draghi indicated he's ready to cut interest rates if
Five years ago Latvia had the highest inflation rate in the European Union and the wages in this Baltic country are more than four times lower compared to Germany; however, the ECB announced that Latvia can join the Eurozone. The real GDP per capita in Latvia is 6,800 Euros ($8,900), making it the poorest country to join the shared currency
The 17-nation currency reached the strongest level in four weeks versus U.S. Dollar on Thursday ahead of European Central Bank meeting on maintaining the interest rates unchanged. The common currency advanced 0.2% to $1.3127, the strongest level since May 9. The Eurozone's currency's rise pulled the greenback to 82.394, the weakest level in four weeks.
European shares remained steady, as the benchmark Stoxx Europe 600 Index yesterday slipped to the lowest level in six weeks, after investors expected information from the European Central Bank and Bank of England. U.S. share index futures increased, while Asian stocks fell. The Stoxx 600 advanced about 0.1% to 295.19 and the Standard & Poor's 500 Index futures climbed 0.3%.
Canadian shares declined for a fourth day in a row, the longest run in eight weeks, after the U.S. employment and factory data missed the expectations and investors speculated whether the Fed will reduce the bond-buying programme. The Standard & Poor's/TSX Composite Index slipped 1.2% to 12,443.65 as of 4 p.m. Toronto time; the index has dropped 2.4% in the
The Sterling touched the strongest level in four weeks versus the U.S. currency after the Bank of England officials begin the second day of Governor Mervyn King's last meeting. Analysts expect the BoE to maintain quantitative easing programme unchanged. The British Pound gained about 0.1% to $1.5421 and remained steady at 85.05 pence versus the common currency.