Australia's economic activity slightly improved in the month of January with the Conference Board leading economic index rising after two months of losses, the Conference Board report on Friday. The report showed that the headline index rose 0.2% in January mainly caused by the stock prices and supplies improvements during the month, however the index is still falling 1% in
U.S. Treasuries were little changed on Friday heading to a second weekly gain amid boosted demand for U.S. government bonds as a confidence of investor was hurt after Troika's demand for unprecedented levy on Cypriot bank account holders. The U.S. 10-year yields were little changed at 1.9% early on Friday London session following a nine-basis-points drop this week.
The Australian currency is heading for a third straight week of gains after a data showed that leading economic indicators advanced suggesting that the country's economy is stabilizing and increasing a demand for the currency. The so-called Aussie was traded 0.3% from the highest level in seven weeks at $1.0459 reached yesterday, when it slid 0.1% to $1.0428 on Friday.
Most U.S. blue chips dropped yesterday, as economic data on the Eurozone's services and manufacturing output shrank more than estimated, sparking concerns over Euro-area's debt turmoil. In addition, the German purchasing managers' index slipped unexpectedly in March. The Dow Jones Industrial Average retreated 0.6%, or 90.24 points, to 14,421.49. All but one sector in the gauge inched lower. Cisco Systems
U.S. equities dropped on Thursday, with the S&P 500 falling down from trading close to its record high the day before on rising concerns about the European debt crisis. The uncertainty about Cyprus financial plan offset positive economic data on the world's largest economy, as the ECB said it might cut Cyrpus' banks off emergency funds. The S&P 500 Index
The Japanese currency was flat on Friday after the new Bank of Japan's governor was coy about calling an emergency meeting before April's policy review and as concerns about Europe's debt crisis occurred after Cyprus did not agree with the Eurozone's bailout plan. Yen was little changed at 95.03 per U.S. Dollar and it went down from 124.38 to 122.54
Asian shares decreased on Friday with the regional stock gauges reaching their largest weekly drops in five months as concerns about debt crisis in Europe erupted after Cypriot lawmakers did not agree with the Eurozone's first bailout plan and levy on Cyprus's bank depositors. The MSCI Asia Pacific Index dropped 0.7% to 134.2 and its heading for a 1.8% this
U.S. Treasuries were little changed on Friday heading to a second weekly gain amid boosted demand for U.S. government bonds as a confidence of investor was hurt after an unprecedented levy put on Cypriot bank account holders. The U.S. 10-year yields were little changed at 1.9% early on Friday London session following a nine-basis-points drop this week.
European stock-index futures decreased on Friday pointing to a second straight fall of Stoxx Europe 600 Index as policymakers in Cyprus try to find a solution for the country's bailout in order to prevent a financial collapse. The Stoxx 600 has dropped almost 1% this week ending a 4-week long period of gains, while the Euro Stoxx 50 Index futures
German 10-year bonds climbed, pushing yields to the 11-week low, after Cypriot policymakers' debate on bill to unlock rescue funds. German long-term bond yields dropped two basis points, or 0.02%, to 1.34%, the lowest since January, while the 1.5% security with time to maturity in February 2023 advanced 2 euros per 1,000-euro ($1,290) face value amount, to 101.435.
The Euro traded 0.4% from the four-month low as the European Central Bank gave Cyprus one week to decide on bailout package or fail to get emergency funding. The 17-nation currency remained steady at $1.2900, while it dropped 0.2% to 122.16 Yen. For the week, the Euro is poised for a 1.4% fall against the U.S. Dollar and a 2%
The loonie climbed the most in a one week versus its U.S. counterpart after Minister of Finance Jim Flaherty indicated that he planned to cut down the state's budget deficit and swing into surplus before the election in 2015. The Canadian Dollar gained 0.1% to C$1.0252 per greenback, while it lost ground versus the currencies of fellow commodity-exporting countries, dropping
Rural commodities were mixed on Thursday after disappointing USDA weekly export report. Supporting the commodity group, US Dollar extended losses against its major counterparts, while cold weather in the US continued to prevent farmers from grain planning. Wheat declined after the USDA data indicated US export sales reached 484,500 tonnes last week, down 25% from the average level of the four
Energy futures except for heating oil declined on Thursday as instability in Cyprus is weighing on energy demand prospects. Adding to losses, Eurozone's flash PMI data came weaker-than-expected. However, soft US Dollar and an unexpected decline in the US crude oil inventories last week restricted the downswing. Crude and Brent oil retreated amid uncertainty over Cyprus bailout, weak PMI releases from
Base metals were mixed on Thursday amid weak PMI readings in the Eurozone and escalated concerns over Cyprus bailout. Limiting the downswing, China's HSBC flash PMI data indicated that the country's manufacturing activity expanded faster than expected this month. Aluminum was the top-loser on high LME and SHFE inventories and bleak demand prospects in the Eurozone. However, expectations of production
Precious metals apart from palladium advanced on Thursday amid weaker greenback and mounting uncertainty over Cyprus bailout. Moreover, the Fed's decision to keep its policy loose continued to lift the commodity complex. Gold traded higher as worries that the Eurozone's debt crisis may deepen boosted safe-haven appeal of the yellow metal. However, signs of weak physical demand weighed on gold prices.
Philadelphia's manufacturing activity improved unexpectedly in the month of March, according to a survey released by the Reserve Bank of Philadelphia on Thursday, when the diffusion index of current situation in the area rising to 2.0 points in March rebounding from negative 12.5 points recorded the month before. The index was expected to climb only to negative 1.5 points on
Consumer price inflation in Hong Kong advanced to its ten-month high in February mainly caused by the difference in the Lunar New Year's timing which occurred not in January, but in February this year, the Census and Statistics Department reported on Thursday. The consumer price index accelerated to 4.4% on the month following a 3% increase in January.
Retail trades of Canada increased 1% to $38.9 billion during January, reimbursing the decrease of December. Gains were discovered in 7 of 11 sectors, indicating 52% of the total retail sales. The climb was affected by gain in automobile sales by 2.8% in January, partially offsetting the 6.5% decrease in December. The biggest fall, for the three consecutive months, was
The total number of people applying for jobless benefits in the world's largest economy increased last week, however a trend gauge fell to the lowest level in a five-year period suggesting an improvement in the labour market, the Labor Department reported on Thursday. Initial unemployment claims added 2,000 to 336,000 as expected, while 4-week moving average for claims dropped by
U.S. existing home sales increased modestly below initial forecast in February reaching the highest level since November 2009, a data released by the National Association of Realtors reported on Thursday. The reports said that existing home sales moved up by 8.0% to 4.98 million in February from January's 4.94 million, while economists expected jump to 5.01 million.
Economic downturn in the 17-nation bloc has deepened in the month of March- even before unsuccessful bailout plan for Cyprus- as private sector economic activity declined, the Markit Economics reported on Thursday. The report showed that the Flash Eurozone Composite Purchasing Managers' Index dropped from February's 47.9 points to 46.5 recorded in March.
U.K. equities dropped for a fifth consecutive day for a longest streak of losses in 10 months as manufacturing in the Eurozone shrank, indicating that U.K.'s largest trading partner faces difficulties to rebound from economic recession. The FTSE 100 Index retreated 0.6%, or 55.79 points, to 6,392.90 at 16:53 in London. All but two sectors posted losses. Eurasian Natural Resources
German private sector output increased at the slowest rate so far in 2013 after it reached a 19-month high in January, when the weaker performance was caused mainly by slower expansion of service sector and contraction of manufacturing sector. The Markit Flash Germany Composite Output Index dropped from 53.3 in February to 51.0 points recorded in March.