Most U.S. blue chips fell on Monday amid concerns that the banking crisis in Cyprus will induce losses on deposits held in other banks of Europe. Shares dropped after Jeroen Dijsselbloem told press that when struggling banks need rescuing, the Eurozone policy makers will turn to the shareholders, bondholders and uninsured depositors of banks to fund their recapitalization. The Dow
Emerging-market shares advanced for the second straight day on Tuesday as a respond to an advice of brokerages to buy stocks in Thailand and South Korea amid concerns that Chinese economic performance might be curbed by the government efforts to cool prices of properties. The MSCI Emerging Markets Index gained 0.4% to 1,025.98 at 4:27 Hong Kong time.
Majority of European stocks increased on Tuesday before the U.S. data reported that durable-goods orders may advance and sales of new houses stayed at the highest level in four years in February. The Stoxx 600 Europe Index rose by 0.1% to 293.59 earlier on Tuesday London session as three out of five shares climbed, following a 0.3% decrease recorded yesterday.
Japan's government bonds increased pushing 10-year and 20-year yields to its lowest levels in almost ten years on Tuesday after the Bank of Japan's governor Haruhiko Kuroda said he will take steps to influence the so-called yield curve through purchases of long-term assets. 10-year benchmark yields hit its lowest level since June 2003 at 0.525% and 20-year rate closed at
German government 10-year bonds dropped on Tuesday pushing the yield up after it reached its lowest level in twelve weeks before auctions of Dutch and Italian government notes. German 10-year bund yields rose two basis points to 1.35% earlier on Tuesday after the rate declined to the lowest level since January 2 at 1.33% yesterday.
The British Sterling advanced to the highest level in a four-week period against the U.S. Dollar before an industry report unveiled that retail sales in the U.K. increased in the month of March. The Pound appreciated 0.1% to $1.5185 earlier on Tuesday London session after it reached its highest figure in four weeks at $1.5269 and it was changed at
West Texas Intermediate oil was little changed on Tuesday and traded near its highest level in a five-week period as U.S. crude inventories advanced after domestic production maintained at the highest figure in two decades. May WTI futures were traded at $94.88 a barrel on NYMEX, while Brent oil for May delivery dropped 40 cents to $107.77 a barrel on
The Canadian Dollar, also known as the loonie, appreciated by 0.2% to 1.0213 per U.S. Dollar in the end of Toronto trading session on Monday. The loonie gained versus the majority of counterparts, as crude oil, the largest export of the nation, increased to the highest point in one month.
The Japanese Yen dropped by 0.1% to 94.22 per U.S. Dollar and slipped 0.2% to 121.28 versus Euro in the very early morning of London trading session on Tuesday. The Yen was on a slide, as Haruhiko Kuroda, the Bank of Japan Governor, outlined possible monetary easing alternatives to achieve a 2% annual inflation target. Also, market speculates about policy
Slovenian industrial output dropped in the month of January mainly due to an annual 17.6% fall of mining and quarrying output and a 2.5% decrease in manufacturing production, a report released by the Statistical Office of the Republic of Slovenia showed on Monday. Year-on-year, industrial production tumbled 1.8% in January and it slipped 0.2% on a sequential basis in the
Industrial production in Taiwan decreased at the faster pace than originally predicted in February recording its first annual drop since June 2012, a data released by the Department of Statistics of Economy Ministry showed on Monday. The data said that industrial output shrank 11.45% on an annual basis in February following a 19.05% gain in January.
Rural commodities were mixed on Monday amid unfavorable weather conditions in Brazil and expectations of lower US gains inventories. Meanwhile, cold and wet weather in the top growing areas in the US may slow early grain planting. Wheat retreated after the data showed that crop rating in Oklahoma rose to 25% good or excellent as for Sunday compared to 24%
Energy futures were mixed on Monday amid optimism over Cyprus bailout deal and Ben Bernanke comments. Ben Bernanke defended continuing of loose monetary policies of the Fed, stating that these measures are aiding economic recovery. Meanwhile, market players stared to anticipate the EIA supply reports due on Wednesday and Thursday. Crude oil traded near a one-week high as news that Cyprus
The Australian Dollar traded at $1.0466 level in the end of Sydney trading session on Tuesday. This level is 0.1% lower from its highest point at $1.0480 in two previous months. Traders were positive on the Aussie amid speculation that the Reserve Bank will cut the key interest rate from a 3% benchmark during a policy makers meeting on the 2nd of April.
Industrial metals gave back their previous gains on Monday as market players lost enthusiasm for a Cyprus bailout deal. Investors focused on weak China's demand and elevated inventories at the LME and SHFE. Aluminum finished in red as surplus on physical markets as well as a slowdown in China's imports put a lid on the lightweight metal. However, forecasts of
Precious metals were mixed after Cyprus secured EUR10 billion bailout from the EU and the IMF. Cyprus bank deal sparked a rally in growth-sensitive assets and weighed on safe-havens. Adding pressure on the commodity sector, the US Dollar rose against its major counterparts. Gold approached a one-week low as an agreement on Cyprus bailout dampened safe-haven appeal of the yellow
On Mar 25 traders were willing to buy the U.S. Dollar and USD/CHF pair was not an exception, as the price surged sharply to the monthly R1 level at 0.9488.
Yesterday USD/JPY depreciated from the 20-day SMA at 95.05 and was halted by the weekly S1 at 93.98.
The major currency pair was moving very confident above the 20-day SMA at 1.2978 yesterday, but as London trading session opened, the price sharply dropped, reaching the lower Bollinger band at 1.2852 and setting a new low at 1.2830.
The Cable maintains correlation with other greenback peers and slightly depreciated to the weekly pivot point level at 1.5177. The pair is still firmly positioned in the upper part of Bollinger band, but movement there demonstrates low volatility and absence of desire to breach upper levels.
U.S. stocks dropped on rising concerns that the Cyprus's banking system's restructuring plan will cause losses on deposits in other European banks as well. The S&P 500 Index declined 0.3% to 1,551.69 after surging 0.5% earlier. All sectors in the gauge posted losses. Ebay Inc. lost 3.7% for the biggest slump in the index, as investors became cautious about a
Chile's currency reached a one-week high on Monday as demand for emerging-market assets was boosted by situation in Europe, where the Cypriot lawmakers agreed on a new bailout plan for the country's failing economy. The Chilean Peso appreciated less than 0.1% to 472.53 per U.S. Dollar at 10:25 Santiago's time reaching its highest closing level since March 18.
Finland's factory gate inflation decreased significantly in the month of February mainly due to a slowdown of the manufacturing sector's producer price index, which fell from 0.7% in January to a level of 0.1% in February, the Statistics Finland reported on Monday. The report also showed that price of goods sold in Finland added 0.9% on an annual basis in
House prices in the United Kingdom grew at the fastest rate in a three-year period in the month of March mainly due to a notable increase of prices in London amid higher demand for properties, the Hometrack reported on Monday. Prices of houses in England and Wales improved by 0.3% in March from the month before, while in London prices