Precious metals plunged for the second consecutive session on Monday after weak China's data sparked a massive selloff of precious metals as market players were worried that more cash will be needed to cover their positions. Gold tumbled the most in 33 years on concerns over unexpected slowdown in China's economic growth. Meanwhile, holdings in SPDR Gold Trust reached a
The Chile's Peso decreased by 0.3% to 471.90 per U.S. Dollar in the morning of Santiago trading hours on Monday. The currency showed the largest drop this year, as lower-than-expected gross domestic product data from China pushed the price of copper lower and dimmed Chile's export prospects.
Arabica futures for July settlement were lower by 0.7% at $1.362 per pound in the morning on ICE of New York trading session on Monday. Coffee is declining for a second straight session, as investors speculate that growers will increase sales to utilize current inventories before this year's crops get to warehouse.
The Canadian Dollar, also known as the loonie, dropped by 0.7% to 1.0206 per U.S Dollar in the morning of Toronto trading session on Monday. The loonie depreciated to the lowest level since 5th of April, as gross domestic product data from China were worse than expected and theoretically will gradually diminish demand for Canadian commodity exports.
The Australian Dollar, also known as the Aussie, lost 0.9% to $1.0418 in the morning of New York trading session on Monday, following a 1.1% drop in a previous session, which was the biggest fall since 20th of February. The Aussie tumbled on weak China's GDP data, which were lower than a forecast and previous quarter figure. Since the Australian
European shares traded in red on Monday amid weaker economic growth in China. The National Bureau of Statistics in China announced a 7.7% GDP advance, less than 8% expected. The DAX Index slid 0.9% to 7,674.14 points. Only two in 30 companies included in the gauge posted gains. E.ON SE surged 0.5% to 14.57 euros as the mining company successfully
U.K. equities plunged on Monday as economic growth in China slid to 7.7% in the first quarter of 2013. In addition, investors are waiting for manufacturing data in New York region. The FTSE 100 Index fell 1.2% to 6,310.74 points, posting the first decline in four consecutive trading days. Among gainers, National Grid PLC, an electricity and gas utility company,
German government bunds decreased on Monday as a demand for safer assets was reduced after a meeting of the European finance ministers in Dublin on April 12 resulting in handing oversight powers to the European Central Bank. The benchmark 10-year bund rate was at 1.27%, while 30-year yields gained 0.02 percentage points to 2.21% as of 9:39 a.m. in London.
U.S. Treasuries declined for the first time in a three-day period after a demand for higher-yielding assets was boosted by an agreement of international policy makers was reached to keep financial rescue package for Greece on track. The benchmark 10-year yields added 0.01 percentage point to 1.73% and the 30-year rate also jumped one basis point to 2.93% earlier in
Emerging-market equities edged down on Monday led by Chinese stocks falling to the weakest level so far this year as an economic data showed a slower-than-expected growth of China's economy and as industrial output slowed down in the Q1. The MSCI Emerging Markets Index decreased 0.8% to 1,011.96 at 4:27 p.m. Hang Kong time heading for the lowest closing price
Asian shares decrease on Monday with the local benchmark index falling from the strongest level in a 20-month period after China's data showed that economic performance and industrial output expanded below estimates. The MSCI Asia Pacific Index dropped 0.8% to 137.04 at 5:10 p.n. in Tokyo following a 3.5% climb recorded last week.
Chinese currency recorded a 19-year high as the People's Bank of China set its fixing against the U.S. Dollar to a historical high after the government report showed that the nation's gross domestic product rose below expectations. The daily reference rate was increased by 0.08% to 6.2454 per U.S. Dollar and the Yuan advanced 0.06% to 6.1887 per U.S. Dollar
The British currency advanced against the Euro on Monday after an industry report unveiled that the average price asked for homes in the U.K. increased for the fourth time in a row in April, but it fell against the U.S. Dollar for the second straight day. The Sterling appreciated 0.2% to 85.31 pence per euro earlier on Monday London session
West Texas Intermediate oil decreased to more than three-month low falling below $90 a barrel after a data showed that the gross domestic product in the world's second-biggest oil consumer China slowed unexpectedly in the Q1. WTI for delivery in May fell $2.83 on the NYMEX and was traded at $89.11 a barrel as of 2:48 p.m. in Singapore.
Spanish government bonds were little changed on Monday after they fell to the lowest level since November 2010 on April 11, before this week's auction of three, five and ten-year bonds which is expected to be absorbed by the country's banks. The Spain's 10-year yield was at 4.71% as of 7:57 a.m. in London following a last week's decline to
European shares fell on Monday after recording the biggest weekly rise in a month as China's economic performance eased in the Q1 missing expectations and before report tracking the U.S. manufacturing activity was released on Monday. The benchmark Stoxx Europe 600 Index fell 0.5% to 291.07 earlier on Monday London session after it gained 1.8% last week.
Chinese equities decreased with the Shanghai Composite Index falling 10% from its high recorded in February after a data showed that the country's gross domestic product slowed down in the Q1 and industrial production grew below expectations. The Shanghai Composite Index dropped 1.1% to 2,181.84 recording its lowest closing price since December 24.
Industrial production in China recorded a decline in March, while retail sales in the country increase in line with original projections on the month, a report released by the National Bureau of Statistics revealed on Monday. The report showed that industrial output grew 8.9% in March and 9.5% in the Q1 after it gained 10% in the Q4, whereas retail
China's economic performance surprisingly eased in the first three months of 2013, when the gross domestic product rose by 7.7% on an annual basis compared to a 8.0% gain preliminary estimated, following a 7.9% expansion recorded in the Q3, the National Bureau of Statistics reported on Monday. The report also showed that on a sequential basis the GDP accelerated by
Industrial production in Japan increased in the month of February beating a forecast expecting a modest decline, final data released by the Ministry of Economy, Trade and Industry unveiled on Monday. Japan's industrial output advanced by 0.6% on a monthly basis in February compared to expectations of 0.1% decrease, while year-on-year it dropped 10.5% in February.
The average price asked for a house in the United Kingdom rose by 0.4% on an annual basis on April recording a slow-down from the previous month's advance of 1.4%, a data unveiled by a property tracking website Rightmove showed on Monday. According to the data, asking prices jumped 2.1% on a sequential basis in March rising from a 1.7%
Home loans in Australia increased more than economists expected in the month of February, when the total number of new home loans gained 2.0% standing at 45,423, the Australian Bureau of Statistics reported on Monday. The report also showed that the number of homes under construction rose 1.5% to 5,058 and the purchase of established dwellings added 2.1% to 37,846.
Hong Kong shares tumbled on Monday on negative signs from national economy. Chinese GDP growth slowed last quarter to 7.7%, while experts expected the economy to expand by 8.0%. Adding to fears over domestic economy, China's industrial production declined to 8.9% in March from 9.9% in the preceding month. Analysts predicted industrial production to rise to 10.0% last month.
Japanese shares plunged on Monday after the U.S. urged Japan to refrain from its currency devaluation. Pushing Japanese equities lower, closely watched China's data came weaker-than-expected. However, losses were limited as traders are optimistic about Asian stock markets. Nomura Securities now expects Nikkei to soar to 16,000 by the end of the year amid massive stimulus measures by the BoJ.