The South Korean Won strengthened 0.1% to 1,100.20 per U.S. Dollar since 30th of April in the morning of Seoul trading session Thursday. The exchange rate touched 1,098.15, what is the strongest level since 13th of March. The Won gainedas a domestic trade surplus was announced and Fed stimulus program spurred speculation that investors will purchase more emerging-market assets.
The Australia's 10-year bonds were eight basis points lower, or 0.08%, to 3.02% in Asia's trading session on Thursday. Bonds reached a 5-month low on concern that the global economy faces a slowdown. German manufacturing sector contracted and China's industry expanded slower what reduced a risk appetite in the market.
European equities ware little changed on Thursday after the majority of local markets reopened after yesterday's Labor Day holiday as companies showered their earnings reports and investors await the result from the policy meeting of the ECB. The benchmark Euro Stoxx 50 Index fell 0.1% to 2,666 earlier on Thursday London session, while the Stoxx 600 Index recorded an 11th
Gold price for immediate delivery edged lower by 0.5% to 1,4456.65 an ounce in the morning of Singapore trading session on Thursday. The precious metal retreated 0.9% yesterday, what was the biggest fall since 15th of April, when the price lost 9.3% of its value. Investors reduced their bullion inventories on concern that Federal Reserve will cut its stimulus programme.
Palm oil futures for July delivery was lower by 1.2% to 2,258 ringgit on the Bursa Malaysia Derivatives during Asian trading session on Thursday. The price slipped to the lowest level since 23th of April and dropped 3.9% in April. Palm oil price decreases, as crude oil edges lower on better than expected stockpiles data in the U.S. reducing the
Corn and wheat prices advanced on Thursday amid speculation that the yields may be boosted amid worsening crop conditions and slower process of planting in the U.S., the world's largest exporter of the commodities. July Corn futures rose 0.2% to $6.48 a bushel on the CBOT and was traded at $6.475 as of 9:56 a.m. Singapore time, while wheat for
Rubber fell on Thursday dropping to a more-than-a-week low as the Japanese Yen increased reducing demand for yen-denominated futures and after the U.S. government reported weaker performance of the economy and falling payrolls. Rubber for October delivery slid 3.4% to 250.8 yen a kilogram or $2,578 a metric ton, the lowest figure of most-active contract since April 24.
West Texas Intermediate oil was traded close to the lowest level in more than one week on Thursday after the U.S. government reported that inventories in the country rose to the strongest level in 82 years. WTI for delivery next month was traded at $90.87 a barrel on the NYMEX, while yesterday it decreased $2.43 to close at $91.03, recording
Emerging-market shares decreased for the second straight session on Thursday amid concerns that global economy is slowing down after reports showed that Chinese manufacturing output and exports from South Korea fell last month. The MSCI Emerging Market Index slipped 0.1% to 1,037.22 as of 1:27 p.m. Hong Kong time.
Chinese stocks declined on Thursday pushing the local benchmark index down after a three-day holiday with no trading as a report showed slower growth of the economy and companies showed their earnings. The Shanghai Composite slid 0.2% to 2,174.32, the CSI 300 Index was traded at 2,447.69 and the Hang Seng China Enterprise Index declined 0.9%.
Asian equities dropped for the second day in a row after payroll and manufacturing reports from the U.S. showed that the world's largest economy is expanding at slower pace and as the Japanese currency added increasing outlook for Japan's exporters' earnings. The MSCI Asia Pacific Index lost 0.5% to 140.74 at 2:04 p.m. Tokyo time with 5 shares losing for
Japanese equities declined on Wednesday with the benchmark index falling after it recorded the largest monthly growth since 1999 after earning reports released by carmakers and chemical sector companies disappointed investors. The Topix Index decreased by 0.6% to 1,158.37 with about nine shares dropping for every seven rising, while the index recorded a 13% gain in April.
Job growth in the U.S. private sector eased down to the lowest level in seven month in April signing that the U.S. labour market continues to slow down, a report released by the Automatic Data Processing Inc. unveiled on Wednesday. The report showed that private sector employment rose by 119,000 jobs in April after it added 131,000 jobs in the
Manufacturing sector activity in the U.K. continued to contract, but the pace of contraction was lower than preliminary estimated in April, as new orders recorded an increase suggesting that the economy might be gathering momentum in the Q2. The manufacturing sector Purchasing Managers Index grew from 48.6 points in March to 49.8 in April.
Slovenia's credit rating was downgraded by Moody's Investors Service to ‘junk' on Tuesday bringing up concerns that the country will be the next one asking for a EU bailout. At the same time, Moody's cut the Slovenian government bond rating from Baa2 to Ba1 and set the outlook to ‘negative' amid uncertain funding environment as the nation has problems meeting
Sugar traded on New York's ICE Futures U.S. swung between drops and gains on Wednesday amid speculation that the amount of exchange-delivered sweetener will be higher that estimated. Raw sugar with delivery in two months dropped as much as 0.1% to 17.58 cents a pound as of 6:33 a.m. following a 0.5% increase earlier today.
Gold positions in exchange-traded products tumbled 174 metric tons in April recording the biggest monthly fall all-time after prices started to drop and reduced the funds value by $17.9 billion as investors seek for riskier assets amid optimistic global economy outlook. June gold futures declined 0.5% to $1,465.40 an ounce on the Comex, while prices are down 13% in 2013.
Brent crude traded in London dropped for the second straight session on Wednesday after production of OPEC rose in April to the highest level in 5 months, when it grew by 194,000 barrels a day and as U.S. inventories gained first time in 3 weeks. June Brent futures slipped $1.83 to $100.54 a barrel on London's ICE and were traded
The U.S. Dollar index slipped to the lowest level in two months on Wednesday amid speculation that the Federal Reserve will decide to maintain its bond-purchasing programme in order to boost the economy. The Dollar Index tracking the greenback against currencies of trading partners of the U.S. declined 0.5% to 81.336 earlier on Wednesday New York session and after it
The 17-nation bloc currency appreciated to the highest level in 2 months versus the U.S. Dollar on Wednesday amid speculation that the U.S. policymakers will decide to add more stimulus measures weakening the U.S. currency. The Euro was traded 0.3% higher at $1.3213, the strongest level since February 25 breaking through a $1.3200 reported option barrier.
Consumer confidence worldwide improved in the first three months of 2013 led by a notable increase in sentiment in the U.S., Japan and northern Europe, the latest data revealed by the insight company Nielsen showed on Wednesday. According to the data, the Nielsen Global Consumer Confidence Index grew 2% in the Q1 to 93 points with the sentiment rising in
The Reserve Bank of India is expected to make further cuts of its benchmark policy interest rates on this week's meeting on Friday as the economic growth reached a 10-year low in the fiscal year 2012-2013 and inflation weakens. The country's central bank is likely to cut the interest rate by 25 basis points, while maintain the reserve requirement rate
Consumer price inflation in Indonesia slowed down in April despite a notable increase in food prices, which rose by 11.91% on an annual basis, a report released by the Statistics Indonesia unveiled on Wednesday. The report showed that the consumer price index added annually by 5.57% in April compared to a level recorded in March at 5.9%.
American shares surged on Tuesday with regional benchmark index reaching its new all-time high. Hopes that central banks across the globe will stick to their loose monetary policies also boosted U.S. shares. The S&P 500 Index climbed 0.25% to 1,597.57 points as of 4:14 p.m. New York time. Among the best performers, Best Buy Co Inc jumped 7.4% to $25.99,