Copper bounced back from a three week losing streak on Monday after a report showed that orders to remove the metal from warehouses increased to the strongest level since at least October 1997 and on strikes in Chile concerns. July Copper futures gained 1.2% to $7,494.75 a metric ton on the London Metal Exchange after it was traded at $7,480
Hong Kong equities traded green on Monday, as airlines rallied after the last week's decline triggered by concerns over a new bird flu burden in China. The Hang Seng Index added 0.1%, or 21.56 points, to 21,749.77. Cathay Pacific Airways Ltd jumped 4.6% to HK$12.84, rebounding from the seven-month low. The company's shares have lost almost 20% of their value
Asian shares increased on Monday as gains of Japanese stocks offset losses of Taiwanese and Chinese shares after the Japan's central bank unveiled the new stimulus monetary policy program to fight deflation in the country weakening the nation's currency. The MSCI Asia Pacific Index advanced by 0.5% to 134.12 at 3:14 p.m. Tokyo time.
German government 10-year yields were little changed on Monday before a report showed that the industrial output in the 17-nation bloc expanded by 0.3% in the month of February. The benchmark 10-year bund yield was at 1.22% earlier on Monday London session after it decreased to the weakest level since July 2012 on April 5 at 1.20%, while last week
Japanese shares surged on Monday, as BOJ launched new stimulus package to boost the economy and end deflation in the country. In addition, BOJ will increase its bond purchasing program to 7.5 trillion yen, up from previously forecast 5.2 trillion yen. The Nikkei 225 Index jumped 2.8% to 13,192.59 points, the highest value since August 2008. 218 out of 225
The Japanese currency decreased to its lowest in almost four years after the Bank of Japan's new Governor added new stimulus measures in order to end the period of deflation in the country. The Yen tumbled 1% to 98.54 per U.S. Dollar earlier on Monday in London after it reached 98.85 and it declined to 127.87 per euro, the weakest
The British currency was little changed versus the U.S. Dollar and the Euro on Monday after a report showed that business sentiment in the U.K. gained from 90.6 to 92.2 in March and as hiring intension improved in the country. The Sterling was traded at $1.5329 earlier on Monday following a rise to $1.5363 on April 5, its highest level since February
European shares bounced back from its biggest weekly drop in five months rising for the first time in four days on Monday before a report showed that industrial production in Germany increased in February. The benchmark Stoxx Europe 600 Index added 0.5% to 288.54 earlier on Monday London session after it fell 2.3% last week amid report showing less jobs
U.S. shares retreated on Friday after jobs report was released showing the U.S. labor market added less-than-forecast jobs in March. However, experts claim the disappointing data does not show a trend. The Dow Jones Industrial Average dropped 0.3%, or 40.86 points, to 14,565.25. Seven out of ten groups on Dow decreased, with tech shares and consumer goods losing the most.
Farm commodities were mixed on Friday amid broadly weaker greenback and weak demand for U.S. grains. However, abnormally cold weather in the U.S. and Europe was supportive for the commodity complex. Wheat was the top-gainer as cold temperatures are delaying development of winter grains in the U.S. and Europe. Meanwhile, Informa Economics estimated a hard red winter wheat harvest at 903
Energy futures apart from natural gas declined on Friday after disappointing U.S. labour market numbers. Weak jobs data fuelled fears that the U.S. economic recovery is losing momentum that may weigh on the energy demand prospects. Moreover, a recent bearish EIA inventory report added pressure on oil prices. Crude and Brent oil finished in red on concerns over jobs market in
Industrial metals except for aluminum ended the week in the negative area after U.S. jobs data fell short of forecasts, spurring worries over the recovery of the world's largest economy. At the same time, rising cancelled warrants at the LME restricted a downward trend of the commodity group. Aluminum was the only gainer amid increasing cancelled warrants and falling inventories at
Precious metals rallied on Friday after weak U.S. jobs data indicated that the Fed is likely to keep its monetary policy loose to boost economy. U.S. payrolls rose 88,000 last month, defying expectations of an increase of 198,000. Moreover, broadly softer greenback was supportive for the commodity sector. Gold was bullish on optimism that the Fed will leave its growth-boosting
U.S. shares dropped on Friday, with the Standard & Poor's 500 Index snapping the biggest plunge on week this year, as U.S. employers added less than expected jobs in March. Payrolls advanced by 88,000 workers, less than one half of the number forecast by economists. The S&P 500 Index slipped 0.4% to 1,553.28. Only two out of ten groups edged
Retail sales in the 17-nation bloc declined in February following a month of gain as consumers spent less amid ongoing recession in the euro area, a data revealed by the statistical office Eurostat showed on Friday. The data said retail sales dropped 0.3% on a monthly basis in February after they rose 0.9% the month before, while they were predicted
Property prices in the U.K. advanced for the second successive month in March and is set to increase through the whole year of 2013, a report released by the Halifax showed on Friday. The report said that the house price index improved by 0.2% on a sequential basis in March compared to expectations of a 0.3% gain, while it added
Canada's international merchandise trade deficit widened in the month of February as merchandise exports led by the non-metallic mineral products declined by 0.6% and imports advanced by 0.1%, a report released by the Statistics Canada unveiled on Friday. The report said that the country's trade deficit rose from C$746 million in January to C$1.0 billion in February.
The world's eleventh largest economy recorded the biggest decrease in employment in February since the depression four years ago together with an increase of the country's trade deficit as a result of weak global demand, the Statistics Canada reported on Friday. The report showed that a loss of 54,500 positions offset a 50,700 increase, while the jobless rate rose from
New car registration in the U.K. moved up for the thirteenth consecutive month in March amid rising demand in private registrations, a data revealed by the Society of Motor Manufacturers and Traders showed on Friday. The report said that car sales rose 5.9% in March with 394,806 new registrations, while car sales in the Q1 edged higher by 7.4%.
Sweden's service output increased on an annual basis in February with the art, entertainment and recreation production having the biggest impact within the sector, when they added 10.9%, while the human health and social work sector gained 6.4%, the Statistics Sweden reported on Friday. Service production moved up 2.1% in February, while in the December-February period it rose by 0.5%.
Initial jobless claims in the U.S. increased for the third week in a row in the week ended on March 30 offsetting the previous downward trend, according to a report released by the Labor Department. Claims for U.S. unemployment benefits advanced by 28,000 from a level of 357,000 to 358,000 last week, while economists expected claims to rise to 350,000.
Factory orders in Germany advanced by much more than forecast in February mainly due to an increase of domestic and foreign demand suggesting that factory sector has improved in the Q1, the Federal Ministry of Economics and Technology reported on Friday. Factory orders gained 2.3% on a monthly basis in February, more than a 1.1% rise initially estimated, after they
U.S. payrolls increased below economists' expectations in the month of March mainly due to a decline of new jobs in retail sector and a fewer number of jobs provided by government, a data released by the Labor Department showed on Friday. The report said that non-farm payrolls rose by 88,000 compare to an originally projected gain of 190,000 in March.
The Australian and New Zealand's currencies reached their strongest levels since the summer 2008 versus the Yen as the Bank of Japan's new Governor decided to add more stimulus measures, which boosted demand for riskier assets. The Aussie fell 0.2% to 100.36 yen following a climb to 101.13, while the Kiwi dropped 0.2% to 80.99 yen after it touched 81.61