Emerging-market shares increased for the third straight day on Thursday mainly due to a growth of technology sector and consumer discretionary companies as South Korea's currency rose and Turkish two-year yields declined to its lowest level in one month. The MSCI Emerging Market Index gained 0.5% to 1,029.56 earlier on Thursday London session, its highest since April 1.
The emerging-market average yield shrank to the lowest levels all time on Thursday as the Bank of Japan decided to double its monetary base in next two years in order to fight deflation in the country boosting demand for higher-yielding assets. The average yield in emerging markets tracked by JPMorgan Chase & Co. dropped 0.16% since April 3 with the South Africa's 10-year yield fell
Crude declined for the first time in a four-day period on Thursday as stockpiles in the U.S. reached the 22-year high and as the International Energy Agency's outlook for global oil demand decreased. May Brent futures lost 70 cents, or 0.7%, to $105.09 a barrel on London's ICE Futures Europe exchange, while the Brent premium to WTI fell to $10.75,
German government bunds decreased for the fourth successive day on Thursday after a report released by the Federal Statistical Office in Germany showed that showed that consumer price inflation in the country advanced to 1.8% in March. The benchmark 10-year yield rose 0.01 percentage point to 1.32% after it gained nine basis points in last three days.
Spanish government bonds decreased to its lowest level since November 2010 as investors are seeking for higher-yielded assets amid speculation of more stimulus measures added by central banks worldwide. Spanish 10-year yields declined by one basis point to 4.63% on Thursday following an earlier fall to 4.61%, the weakest level since November 2010.
Italian government bonds increased on Thursday pushing the 10-year yield to its lowest in six weeks after a report showed that borrowing costs dropped at sales of 7.2 billion euros of debt. Italy's 10-year yields decreased by two basis points, or 0.02 percentage points, to 4.30% at 1:49 p.m. in London after the rate fell to the lowest level since
The U.S. Dollar slipped 0.2% to 1.3097 per Euro and decreased to 86 cents per New Zealand Dollar in the morning of New York trading session on Thursday. The U.S. currency weakened against the major counterparts, as global investors speculate that central banks around the world will keep monetary stimulus programs, what will boost demand for higher yield assets.
Gold futures for June settlement were higher by 0.4% to $1,564.40 an ounce in the morning of New York trading hours on Thursday. The metal gains the second time from three previous days, as the U.S. Dollar edges lower and boosts demand for the precious metals. The U.S. Dollar lost 0.6% versus six major counterparts, as weak jobless data increase
Copper futures with settlement in three months were lower by 0.4% to $7,541 metric ton in the morning of the London Metal Exchange hours on Thursday. The price declined for s second straight day amid speculation that the Federal Reserve Bank will curb monetary stimulus and that would threat demand in the U.S., which is the second-largest world consumer of the metal.
The 10-year break-even norm, an index measuring expectations of the annual expectations, increased to the highest level in previous four-and-half year. It advanced by four basis points to 3.38 percentage points at midday London trading hours on Thursday. The rate gained after the Debt Management Office sold inflation related bonds valued for 1.6 billion Pounds with maturity in 2024.
The Nigerian Naira edged lower by 0.1% to 157.60 per U.S. Dollar by midday trading session in Lagos on Thursday. The currency of the biggest Africa's oil exporter depreciated due to speculation that traders in Nigeria were willing to exchange their profits from the local bond and equities market in the U.S. Dollar.
The Canadian Dollar, also known as the kiwi, appreciated 0.5% to 1.0089 per U.S. Dollar in the beginning of Toronto trading session on Thursday. Earlier the pair increased to a 1.0084 per U.S. Dollar level, which was the strongest since 18th of February. Analysts say that the kiwi strengthens due to the money coming out of Japan and European countries
Hong Kong stocks climbed on Thursday, as number of new loans in a local currency increased in China. The Hang Seng Index advanced 0.3%, or 66.71 points, to 22,101.27. Consumer goods and services sectors added the most, rising 1.4% and 0.8%, respectively. Hengan International Group Co Ltd, a hygiene products manufacturer, surged 2.8% to HK$77.60. Furthermore, Tingyi Cayman Islands Holding
European shares climbed on Thursday ahead of the U.S. unemployment data. The DAX Index added 0.5% to 7,848.20 points, close to its highest value since 2007. 18 out of 30 companies included in the gauge posted gains. Linde AG, a German engineering company, surged 1.5% to 143.70 euros, pushing the industrial sector into the green zone. The company has today
U.K. equities traded green on Thursday, as analysts waited for a new report on jobless-benefit claims in the U.S. The FTSE 100 Index surged 0.3%, or 21.90 points, to 6,407.81 at 12:42 p.m. GMT. In addition, the index grew for a fourth consecutive day and is estimated to have the biggest weekly rise in three months. Consumer goods sector was
Tokyo Stock exchange traded green on Thursday, as Bank of Japan reiterated its plans for stimulus measures, boosting investors' confidence. In addition, the Topix index extended gains for its longest winning streak in year. The Nikkei 225 Index rallied 1.96%, or 261 points, to close at 13,549.16. All but one group edged higher with consumer goods posting the biggest gain.
Unemployment in Australia increased slightly more than preliminary estimated in the month of March, when the jobless rate of the country moved up to 5.6% compared to a forecast of 5.4%, a data released by the Australian Bureau of Statistics showed on Thursday. The data also said that total number of job positions declined by 36,100 in March after it
Corn futures for July delivery were lower by 0.5% to $6.295 per one bushel on the Chicago Board of Trade on Thursday. The price of corn decreased, as the U.S. Department of Agriculture boosted estimations for the world inventories from 117.5 million to 125.29 million metric tons, exceeding analyst estimation of 120.41.
Treasuries were little changed on Thursday as an economic outlook of how much U.S. 10-year yields will gain by the end of this year was cut by economists as the world's biggest economy is slowing down. The benchmark U.S. 10-year yields were at 1.79% earlier on Thursday London session as economists cut their forecast of the rate to be at
West Texas Intermediate futures were lower by 34 cents to $94.30 a barrel on the New York Mercantile Exchange during Singapore trading session on Thursday. The price of oil edged lower as a government report indicated the biggest U.S. stockpiles since July, 1990. Oil reserves increased by 250,000 barrels and reached 389 million.
European shares were little changed on Thursday following an yesterday's largest advance in a month before a report showed a number of the U.S. unemployment claims and as investors awaited the European Central Bank Monthly Bulletin. The benchmark Stoxx Europe 600 Index declined by 0.1% to 292.98 earlier on Thursday London session.
The South Korean Won advanced by 0.5% to 1,130.76 per U.S. Dollar in the morning trading session in Seoul on Thursday. That was the biggest gain in previous two weeks, as worldwide investment funds spur holdings in South Korean equity markets on easing tension with North Korea. Also, the benchmark for seven-day repurchase rate was left unchanged at 2.75%, while the majority
Rural commodities apart from wheat moved higher on Wednesday amid mixed USDA data. The Waste showed smaller figures for domestic corn inventories but indicated bigger-than-expected global stockpiles. Wheat was the only loser after the USDA report revealed bigger-than-expected estimate for global supplies. World's inventories before this year's Northern Hemisphere harvest are likely to attain 182.26 million metric tonnes compared to
The Australian Dollar dropped by 0.3% to 1.0515 per U.S. Dollar in the second part of Sydney trading session on Thursday. The Aussie slipped against the major counterparts, as the unemployment data indicated an increase to a three-year peak. Labor numbers induce speculation that Reserve Bank will cut borrowing costs to sustain growth.