Soybeans futures for May settlement slipped by 0.7% to $14.69 per one bushel on Chicago Board of Trade during Singapore trading session on Tuesday. The commodity declined from the highest level in last month on signs that demand for U.S. production might decrease, as Brazil expands its harvest and set to be the biggest exporter this year.
The South Korean Won was higher by 0.1% to 1,094.30 per the U.S. Dollar in the beginning of Seoul trading session on Tuesday. The currency touched 1,102.65 level yesterday and that was the weakest Won since October. Markets are concerned about North Korea's position to increase military readiness, as the annual South Korea's and American war games started yesterday.
The British Sterling dropped 0.1% to $1.4899 in very early London trading session on Tuesday, after a slide to 1.4866 yesterday, what was the lowest level since June, 2010. The Pound depreciates for a fifth straight day versus the U.S. Dollar and investors wait for the U.K. data on manufacturing output in January, which should be unchanged, according to analysts.
British manufacturing production contracted in January at the highest level since June 2012, raising awareness that the economic crisis will be back if activity will continue to shrink in current quarter. Manufacturing output fell 1.5% in January in comparison with December. The industrial production, that includes mining and quarrying, electricity, gas and water supply, dropped 1.2% from December. "With the February
The Stoxx Europe Index was lower by 0.1% to 294.33 points in the very beginning of trading session in London on Tuesday. European markets were waiting for a manufacturing output data form the U.K., which according to analysts should be unchanged in January, after increasing 1.6% in December. The data will be announced at 9.30 a.m. London time.
German wholesale price inflation rose at the slowest pace in eight months in the month of February despite a 14.1% growth of grain, seeds and animal feeds wholesale prices, the Federal Statistical Office reported on Tuesday. The wholesale price index advanced 1.4% annually following a 2.3% gain in January compared to a 1.6% acceleration initially forecast.
The Thailand's Bath rose 0.4% to 29.61 per the U.S. Dollar in early Bangkok trading session on Tuesday. This was the biggest gain in last six weeks and the currency reached 29.57 level, which is the strongest since 29th of August. Investors sharply increased their holdings in nation's debt and equity markets, what boosted an appreciation pressure on the Bath.
Germany's consumer prices advanced on an annual basis in the month of February mainly due to a notable 12.4% increase of electricity prices, the Federal Statistical Office reported on Tuesday. Year-on-year, inflation as the consumer price index rose 1.5% in February compared to a level of 1.7% in January, on a sequentially basis the consumer price index added 0.6% in
The Philippines currency advanced to its highest level in three weeks on Tuesday amid speculations that the fastest rate of the country's economic expansion of 6% to 7% in 2013 will bring more investors from overseas. The Philippines peso added 0.2% to 40.612 per U.S. Dollar after touching the highest level since February 20 at 40.605 per U.S. Dollar.
Consumer confidence in Japan advanced in the month of February suggesting that the Japanese economic recovery is broadening into more areas, a report released by the Cabinet Office showed on Tuesday. The consumer sentiment index improved from 43.3 points in January to a level of 44.3 in February; however, the reading below 50 points suggests pessimism of consumers.
U.S. government bonds were two basis points, or 0.02 percentage points away from its 11-month high as the government scheduled three debt auctions of total amount of $66 billion. Benchmark 10-year yields were changed at 2.06% earlier on Tuesday London session, while on March 8 the rate of the 2% note due in February 2023 was 2.08% and they were
West Texas Intermediate oil dropped from its two-week high before a report released by the Energy Department showing that U.S. crude stockpiles climbed to the highest level in eight months and recorded its longest run of advances since May 2012. April WTI futures slipped 37 cents to $91.69 a barrel on the NYMEX and were at $91.71 at 2:52 p.m.
Farm commodities apart from coffee were bullish on Monday, being supported by Wasde report released on Friday. Moreover, signs of robust demand for grains from livestock producers as well as talks over a change in Brazilian taxes on biofuel sent rural commodities higher. Wheat climbed despite brighter prospects for the US winter crops. Over 27% of the US winter wheat was
Energy futures were mixed on signs that China's industrial output is slowing. Adding to losses, Saudi Arabia increased its oil production in February. At the same time, weaker US Dollar and possible deficit at Cushing, the largest oil storage hub in the US, lent support for the commodity complex. Crude oil posted a mild gain despite weak fundamentals. Investors are cautious
Industrial metals were mixed after the data showed China's industrial production expanded 9.9% last month, below forecasts of a 10.5% jump. Meanwhile, concerns over possible deterioration of the Eurozone's economic state continued to push base metals deeper in red. Aluminum prolonged its slump amid elevated inventories at the LME and persistent surplus on physical market. At the same time, the downswing
Precious metals were mixed on Monday as investors were cautious ahead of another EU Economic Summit due later in the week. Physical demand concerns also weighed. Firm China's CPI stocked worries that the country will refrain from stimulus measures. Gold ended slightly higher, advancing for third consecutive session on hopes that worsening situation in the Eurozone will boost safe-haven appeal of
The Japanese Yen was lower by 0.2% to 96.51 per the U.S. Dollar in the second part of Tokyo trading session on Tuesday. During today's session, the pair touched 96.71, the weakest level of the Yen since August, 2009. Also, today macro data showed, that prices in the country reduced for an eleventh month, meaning that deflation entrenches in Japan.
The Shanghai Composite Index lost 1.4% and decreased to 2,277.70 points by midday trading session in Beijing on Tuesday. The major China's equity gauge is on a slide for a four straight day, which is the longest falling streak in last three months. Investors are concerned about macro economic numbers, which do not signal that domestic economy maintains its strength as it
U.S. equities advanced on Monday, as financial stocks rose. In addition, the CBOE Volatility Index tracking cost of using options as insurance against decrease in the S&P 500 Index slumped 8.2% to 11.56, the lowest in more than five years. The Dow Jones Industrial Average climbed 0.4% to 14,447.29, extending its winning streak for a fifth consecutive day. Seven out
U.S. equities extended their gains with the Standard & Poor's Index approaching its record high and market volatility gauge dropping to its lowest since 2007, as lenders edged higher and Apple shares rose. The S&P 500 Index jumped 0.3% to 1,556.22. All but one sector inched higher. Glenworth Financial Inc. surged the most in the gauge on optimism the life
Consumer price inflation in Norway slowed down, matching economists' predictions mainly due to a 1.1% fall of food and non-alcoholic beverages and a 2.6% drop of footwear and clothing prices. The rate of growth of consumer price index slowed from 1.3% in January to 1% in February, while core consumer prices rose 1.1% annually in the same month, slower than
The U.S. Dollar strengthened against the Japanese Yen and was little changed against the shared currency on Monday session after last week's U.S. data showed a notable job growth, which fuelled speculation that the Fed might rein in its monetary policy measures. The U.S. Dollar advanced 0.1% to 96.13 yen, close to its 3-½-year high at 96.60 yen, it was
The Canadian Dollar rose by 0.1% to 1.0277 per the U.S. Dollar in the morning of Toronto trading session on Monday. The currency was pushed higher, as employment reports from the U.S. and Canada exceeded analysts' estimations. Improving labour market sparks speculation about a strengthening economic recovery.
The South African Rand depreciated by 0.9% to 9.1282 per the U.S. Dollar in the end of Johannesburg trading session on Monday. The Rand is one of the worst performers among emerging market currencies, as labour disputes threaten mining industry and thereby exports of coal. As a result, current account deficit may widen further.