Current account balance of Italy came in surplus in March after it recorded a deficit in the month before, a report released by the Bank of Italy showed on Monday. According to the report, the surplus of current account was at 1.9 billion euros in March after February's deficit of 1.56 billion euros, while the goods account surplus was at
Asian shares increased on Monday rising for the first time in a three-day period with the local benchmark index heading to the strongest level since June 2008 after a report showed that consumer sentiment in the U.S. rose more than expected. The MSCI Asia Pacific Index advanced 1.2% to 144.25 at 8:13 p.m. Tokyo time and it has added 12%
The British Sterling increased on Monday rebounding from the lowest level in six weeks against the U.S. Dollar after the a report showed that house prices in the U.K. advanced for the fifth successive month in May. The Pound rose 0.2% to $1.5196 as of 10:41 a.m. in London following a fall to $1.5158 on May 17, the weakest level
Sugar futures traded in China dropped on Monday after the country's government announced a program of purchases totaling 300,000 tons of local sugar, the amount is expected to be small to absorb a global-market oversupply. Refined sugar for delivery in September, the most actively-traded contract, declined by 0.7% to 5,162 yuan, or $841, a metric ton.
Robusta coffee declined to the lowest level in a week on Monday amid signs of more supplies from the world's largest producer of the commodity, Vietnam, and the third biggest, Indonesia. Robusta coffee for July delivery dropped 0.5% to $2.027 a ton at 9:46 a.m. on NYSE Liffe in London as the prices fell to $2.025 a ton earlier today,
Natural gas continued its rally on Monday after a Texas liquefied natural gas project was conditionally approved in the U.S. Natural gas for June settlement increased by 2% to $4.135 per million British thermal units on the NYMEX and was traded at $4.11 as of 11:21 a.m. in Singapore after the futures advanced by 4.2% to $4.055 on May 17.
Silver declined on Monday falling to the weakest level since September 2010 pushing the gold-silver ratio to the highest level in almost 33 months, while gold continued to slide extending the slump to the longest in four years. Silver May futures slipped 8.6% to $20.3395 an ounce and were $21.5662 at 9:49 a.m. London time, while gold for delivery in
West Texas Intermediate oil declined on Monday snapping its 3-day rally amid concerns that conflict in Middle East may worsen after the Syrian government forces began an offensive against rebels. WTI for settlement in June declined by 69 cents to $95.33 a barrel on the NYMEX and was traded at 95.47 a barrel as of 10:50 a.m. in London.
U.S. Treasuries declined on Monday pushing the benchmark 10-year yields towards the highest level in a two-month period on speculation that Federal Reserve may begin reducing its bond purchases amid favourable economic data. 10-year bonds yielded at 1.98% as of 6:08 a.m. in New York after they rose five basis points last week to 1.98%, the highest level since March
U.K. shares fluctuated on Monday reversing gains recorded earlier after the regional benchmark index FTSE 100 increased to its strongest level in more than 5 ½ years last week. The FTSE 100 decreased by 0.26 point to 6,722.8 as of 11:16 a.m. London time, while the broader FTSE All-Share Index stayed unchanged and Irish ISEQ Index advanced by 1.4%.
House prices in the United Kingdom increased annually in May with the house pricing index rising from 0.4% recorded in April to 2.5% in the next month, a report released by the Right Move unveiled on Monday. The report also showed that the average asking price stayed at 2.1% on a monthly basis in May with the average house price
The Australian Dollar strengthened by 0.5% to 97.74 per U.S. Dollar in the second part of Sydney trading session on Monday. The currency gained the first time in three days versus the U.S. Dollar, as technical indicators raised concern that the South Pacific currency might be oversold. The Relative Strength Index was at 24.4, sharply below 30 level which refers
The Taiwan's Dollar was higher by 0.3% to 29.96 per U.S Dollar by the midday trading session in Taipei on Monday. The currency advanced the most since 29th of April, as global funds increased their holdings in island's equity market. The domestic government reviewed taxes on capital gains in the country.
The South Korean Won was lower by 0.2% to 1,119.70 per U.S. Dollar in the morning of Seoul trading session on Monday. The currency touched a 1,121.08 level, which is the weakest since 23th of April. The Won lost some of its value, as North Korea fired missiles during the weekend, fueling tension among countries.
The British Sterling decreased against the U.S. Dollar on Friday completing its weekly fall on speculation that the Federal Reserve may begin slowing its bond-buying program boosting demand for the U.S. currency. The Pound declined by 0.2% to $1.5244 at 7:50 a.m. in London following a drop to $1.5174 on May 15, the lowest level since April 4.
Emerging-market shares edged down on Friday pushing the regional benchmark index towards its first weekly drop in a month as material companies contracted and Philippine stocks decreased from historical high. The MSCI Emerging Market Index dropped 0.2% to 1,044.50 as of 1:47 p.m. Hong Kong time and it fell 0.6% this week.
The Canadian currency depreciated against its U.S. counterpart for the fifth time out of six days after President of San Francisco Fed John Williams signaled that the central bank may slow its bond-buying program as the labour market improves. The so-called Loonie dropped 0.4% to C$1.0195 per U.S. Dollar as of 5 p.m. Toronto time after it reached C$1.0219 yesterday,
Natural gas was down on Friday after a survey published by the KPMG LLP Global Energy Institute showed that the prices of the commodity are expected to stay below $4 per million British thermal units for the rest of 2013 and should range from $3 to $4. Natural gas for delivery next month was traded at $3.932 yesterday completing a
West Texas Intermediate oil fluctuated on Friday following an increase to the highest level in a week as OPEC was predicted to increase its oil exports in May to meet rising demand from refiners in Asia. WTO for next month's settlement was traded 10 cents higher at $95.26 a barrel on the NYMEX as of 2:12 p.m. Singapore time after
Asian shares increased on Friday heading towards the second straight weekly gain after the Japanese benchmark Topix Index rebounded close to its highest level recorded in 2008 amid increase of leasing companies and as the country's Prime Minister encourages practices to revive capital spending. The MCSI Asia Pacific Index was traded at 142.99 at 1:44 p.m. Tokyo time.
Soybeans increased on Friday heading to its largest weekly gain in four months amid signs of sustained demand for the U.S. crop from the world's largest user of the commodity, China. July soybeans futures jumped by 0.6% to $14.36 a bushel on the CBOT, the strongest level for the most-active futures contract since March 28, and it was traded at
Gold traded in Mumbai is set to extend its losing streak heading towards the lowest level since August 2011 as technical indicators signal further declines, Motilal Oswal from Commodity Broker Pvt said on Friday. Bullion traded in London entered a bear market in April and it has lost 18% since the beginning of the year, while futures are expected to
The U.S. Dollar continued to grow against the majority of its 16 counterparts on Friday and advanced to the highest level in six weeks versus the Euro before a government report showed that the U.S. economy showing signs of improvements. The greenback was traded at 102.32 yen at 6:39 a.m. London time and it gained 0.1% to $1.2864 per Euro
Consumer prices in the U.S. decreased in April mainly due to a sharp decline in energy prices falling by 4.3% after they slipped 2.6% in the month before and a 8.1% contraction of gasoline prices, the Labor Department reported on Thursday. According to the report, consumer price index edged down 0.4% in April following an 0.2% slide in the previous