The British Sterling was little changed versus the U.S. Dollar and the shared currency before a data that is expected to show that banks in the U.K. approved lower number of loans for homes in February and before report saying that manufacturing sector fell on the month. The Pound was traded at 84.49 pence per Euro earlier on Tuesday after
The Chinese currency reached the strongest level in nineteen years after the People's Bank of China increased its fixing by 0.14%, the highest since February 8, to 6.2586 per U.S. Dollar and as the purchasing managers' index climbed to its highest figure since April 2012. The Yuan advanced 0.1% to 6.2016 per U.S. Dollar earlier on Tuesday Shanghai session, its
The European currency depreciated to its weakest level in five weeks against the Yen ahead of a report that might show that the jobless rate in the 17-nation bloc recorded 12% in February, a record high level. The Euro decreased by 0.3% to 119.44 yen earlier on Monday London session after it dropped to 119.16 yen and it also rose
U.S. equities declined on Friday, as the American manufacturing index from ISM fell less than forecasted. The S&P 500 Index lost 0.45%, or 7.02 points, to 1,562.17, and traded slightly below its historical highest value. Humana Inc surged 8.6% to USD75.02, pushing the health care sector into the green zone, as the government announced an increase in a Medicare payment
Australian national bank decided to maintain its cash rate at the same level unchanged at 3% for the third successive time on Tuesday as the global economy is showing signs of recovery and consumption in the country is improving as well. The Reserve Bank of Australia is likely to keep the inflation target at a level of 2-3% providing a
House prices in Australia accelerated at the strongest pace in almost three years in the first three month of this year, a report unveiled by the property research company RP Data-Rismark showed on Tuesday. The report said that dwelling values grew by 2.8% in the Q1 taking the cumulative capital advance to 4.7% since May 2012, while house prices rose
U.S. blue chips decreased on Friday, as the Institute for Supply Management's manufacturing index fell to 51.3 in March, down from 54.2 in February. The Dow Jones Index lost 0.04%, or 5.69 points, to 14,572.85, close to its highest level since 1896. Health care and telecommunications sectors advanced the most, adding 1.1% and 0.7%, respectively. UnitedHealth Group surged 3.1% to
Labour cash earnings in Japan decreased by more than preliminary estimated in February mainly due to a 0.8% annual fall of contractual earnings during the month and a 0.6% annual drop of regular pay, the Ministry of Labour reported on Tuesday. Total cash earnings slipped by 0.7% on an annual basis in February, while they were expected to slide by
Australian manufacturing sector activity continued to shrink in the month of March with the Performance of the Manufacturing Index declining by 1.2% to a level of 44.4 points, a report unveiled by the Australian Industry Group showed on Tuesday. The report also said that the production sub-index fell 4.9 points to 41.7 and new orders edged lower by 2.4 points
European shares were little changed on Tuesday trading session before the Cypriot government met the International Monetary Fund and the European Union representatives in order to make a deal on a new bailout terms. The Euro Stoxx 50 Index futures with the expiration in June advanced less than 0.1% to 2,555 earlier on Tuesday, while the CAC-40 and Frankfurt's DAX
Economic performance of the Turkish economy continued to slow down in the last three month of 2012, according to the Turkish Statistical Institute report released on Monday. The report showed that the nation's gross domestic product rose on a monthly basis by 1.4% in the Q4 following a 1.6% advance in the Q3 and a 2.9% increase in the Q2.
Construction spending in the U.S. rebounded by more than economists expected in February after it recorded a notable decline in the month before, a data released by the Commerce Department showed on Monday. The data said that construction spending added 1.2% to $885.1 billion in February after it recorded a level of $874.8 billion in the prior month.
U.S. manufacturing sector activity increased at the slower pace than preliminary estimated in March, according to a survey released by the Institute for Supply Management on Monday, when the ISM purchasing managers index declined from 54.2 in February to 51.3 in March. The Index recorded the fourth successive month with reading above 50, but it was expected to grow to
Factory sector in China advanced at the faster rate in the month of March than the month before mainly due to a notable improvement in new orders and production, the CFLP and the National Bureau of Statistics reported on Monday. The report said the official purchasing managers' index rose from 50.1 in February to 50.9 in March, while it was
The European currency increased against the U.S. Dollar on Monday amid speculations that the Federal Reserve will take its time with easing the monetary stimulus program after data showed a lower-than-expected manufacturing output growth in the U.S. The 17-nation currency rose 0.3% to $1.2858 following a 0.4% drop earlier on Monday session.
U.S. benchmark 10- year treasury yields were traded near its lowest level in four weeks on Monday after a data showed a less-than-expected advance in the U.S. manufacturing output in the last month boosting demand for safer assets. U.S. 10-year yields dropped one basis point to 1.84% earlier on Monday New York session after it reached 1.83%, its weakest since
The Japanese currency appreciated to the highest level in almost four weeks versus the U.S. Dollar on Monday after a data released in Japan, South Korea and China showed results below economic expectation boosting demand for haven assets. The Yen rose 1% to 93.28 yen per U.S. dollar after it reached the most since March 6 at 93.16, it also
U.S. shares decreased on Monday with the benchmark Standard and Poor's 500 Index falling from its record high after data showed that American manufacturing output declined in the month of March, at the same time commodities contracted as reports from China and Japan showed unfavourable results. The S&P 500 Index fell 0.5% and the S&P GSCI Index of 24 commodities
Natural gas traded in New York swung between gains and drops on Monday amid expectations that above-normal temperatures forecast from April 6 until April 15 in the U.S. will weaken demand for heating fuels. Natural gas for delivery in May advanced by 0.1% to $1.025 per million British thermal units on the NYMEX and the futures have gained 20% this
West Texas Intermediate oil declined for the first time in a six-day period on Monday amid speculation that inventories in the U.S. might increase after Exxon Mobile Corporation closed the Pegasus pipeline. May WTI futures decreased by 77 cents, or 0.8%, to $96.46 a barrel on the NYMEX after the contract rose to its highest since February 14 at $97.23
Indonesian shares are set to reach their strongest level in a three-year period as local consumption leads the fastest economic growth in among Asian countries after China, PT Manulife Aset Manajemen Indonesia mutual fund said last week. Indonesian benchmark Jakarta Composite Index will likely to advance 17% this year, while it has reached 14% in the Q1 of 2013.
Rubber decreased on Monday as a demand in the world's biggest consumer of the commodity, China, weakened after Thailand extended restricts on exports from today until the end of May in order to boost prices and as inventories reached a record high on March 15. September Rubber futures declined 2.6% to 266.9 yen a kilogram on the Tokyo Commodity Exchange.
South Korean currency decreased to its lowest level in one week after shipments out of the country rose below economists' expectations in the month of March and as tension between North and South Korea worsen increasing the risk of conflict. The Won was traded 0.3% lower at 1,114.73 per U.S. Dollar following a fall to its weakest level since March
Emerging-market equities decreased for the first time in a six-day period on Monday mainly due to a notable drop of discretionary companies after shipments out of South Korea increased below forecast and China and Japan's manufacturing data showed unfavourable results on Monday. The MSCI Emerging Markets Index fell 0.2% to 1,032.80 after it gained 1.9% last week recording its highest