Producer prices in the 17-nation bloc contracted for the second successive month in December giving a chance for the European Central Bank to lower the interest rate in order to revive the economy of the bloc. Eurozone factory prices fell 0.2% in the last month of 2012 equally with factory prices of the 27-nation European Union recording in the same
Construction output in the U.K. missed economists' projections, as declined again in the month of January, recording the lowest figure since June 2012, the Markit survey showed on Monday. The Markit/CIPS Construction Purchasing Managers' Index stayed unchanged in January from the month before, when it slipped to a six-month low at 48.7 compared to forecast of 49.1."January's survey results are
The Pound strengthened versus the Euro ahead of U.K. industry report, which will show construction PMI increased in January, following decline to 87.17 pence per Euro on February 1, the lowest level in 15 months. Sterling appreciated 0.5% versus the Euro and traded at 86.53 pence per Euro. The Pound advanced against 15 of its 16 main peers and gained
The Taiwan Dollar appreciated the most in almost five months versus the U.S. counterpart on the U.S. and China's reports showed the world economic recovery accelerated, increasing demand for risky assets. According to the data the U.S. payrolls increased by 157,000 last month and services industries in China signaled the biggest gain since August. The Taiwan's Dollar strengthened 0.3% versus
Platinum rose to the most expensive in almost 4 month amid prospects for increasing demand as the world economy recovers while gold gained. Platinum for immediate settlement climbed 1.4% to $1,707.87 an ounce, the highest since October 9, and was at $1,703.75 at 3:16 p.m. in Singapore. Spot gold inched up 0.2% to $1,671.27 an ounce.
The Chinese Yuan fell to a one-month low as the nation's central bank cut the reference rate by 0.07% to 6.2860 per Dollar, increasing speculation policy makers protect the country's export versus a weak Yen. The Yuan declined 0.04% to 6.2294 per U.S. Dollar at 9:52 a.m. in Shanghai and touched 6.2304 per greenback, the lowest level since January 7.
Asian shares advanced, with the regional benchmark index climbing to the highest in 18 months, as U.S. payrolls rose and China's service sector expanded at the quickest pace since August, increasing optimism in the world economic recovery. The MSCI Asia Pacific Index gained 0.9% to 133.90, Japan's Nikkei 225 Stock Average added 0.6% and Hong Kong's Hang Seng Index climbed
Rural commodities were mixed on Friday, with softs advancing and grains retreating. Supporting softs, global coffee and sugar crops may drop this year. At the same time, weak demand for US grains pushed wheat and corn futures lower. Wheat was the top-loser for the second consecutive session amid signs of weak demand for US grains. The USDA report showed
Energy futures except for natural gas were bullish on Friday as upbeat manufacturing data boosted expectations for stronger energy demand from the US and China. Meanwhile, the Fed's stimulus measures coupled with soft US Dollar continued to support the commodity complex. Crude oil moved higher after falling in the previous session on elevated US inventories. The latest EIA report showed US
Industrial metals finished the week in the green territory amid positive US manufacturing numbers and weaker US Dollar. Moreover, China's PMI indicated expansion despite being slightly below market consensus. Aluminum moved higher on encouraging data from the US and China. However, aluminum remained under heavy pressure as LME stocks hovered near a record high of 5,24 million tonnes. Copper jumped
The Japanese Yen gained versus the Euro and trimmed drops against the U.S. Dollar as technical indicators showed recent declines were too rapid. The Yen advanced as much as 0.4% to 126.21 per Euro at 1:50 p.m. in Tokyo from the previous week, when the currency dropped to 126.97, the lowest since April 2010. It rose 0.1% to 92.65 per
Precious metals rallied on Friday, being boosted by the latest Fed's decision to stick to its loose monetary policy. Weaker greenback coupled with mixed US labour market data also spurred the rally. Gold moved higher as market players remained focused on the Fed's stimulus measures. Furthermore, strong demand from central banks across the globe as well as weakness in the
The Australian Dollar was supported by speculation the Reserve Bank of Australia will keep interest rates unchanged at tomorrow's meeting. The Aussie rose as much as 0.3% to $1.0435 and it fetched 96.79 yen, the strongest level since August 2008, before touching 96.70, up 0.1% from the close last week. Australia's currency fell to NZ$1.2269, the weakest since July 2010,
Spot gold price edged lower by 0.2% to $1.660.45 an ounce in Singapore trading session on Friday. Gold price extended the longest streak of monthly losses in last nine months, as the price decreased by 0.7% in January. Investors traded precious metal with negative sentiments ahead a U.S. jobless report, which according to expectations, should indicate an improvement of unemployment
The Japanese Yen was lower by 0.5% to 92.20 per U.S. Dollar by midday in Tokyo trading session on Friday. Today the currency pair touched 92.27 level, which was the weakest Yen's point since June 2010. Investors trade on expectations that Prime Minister will select a new chief governor of the Bank of Japan, who will expand monetary stimulus. Domestic
The Canadian Dollar, also known as Lonnie, gained by 0.4% to 99.72 cents per U.S. Dollar in the end of Toronto trading session on Thursday. The last session as the Lonnie was stronger than American counterpart was January 23. The Canadian Dollar was valued positively by investors as government announced better than expected economic growth in November. Domestic economy grew
The MSCI Asia Pacific Index was lower by 0.2% to 132.99 points by midday Tokyo trading session on Friday. The area's benchmark increased by 1% this week and was traded at the highest point since August, 2011. Today market traded negatively as the data from China's manufacturing sector indicated unexpected contraction. Also, market waits a report on the U.S. jobless
Farm commodities were mixed on Thursday amid weak risk appetite after dismal data from the US and Japan. Signs of soft demand for US exports and improving weather conditions in Argentina also pressurized the commodity complex. Wheat was the top-loser after the USDA report signaled US export sales tumbled 40% in the week ended January 24 compared to the previous
Energy futures apart from crude oil moved higher on Thursday amid broadly weaker US Dollar and optimism over continuation of Fed's growth-boosting measures. At the same time, gains were capped by weak US data suggesting the recovery of the world's top economy is slowing down. Crude oil was the only loser after the data showed larger-than-expected increase in jobless claims
Base metals declined on Thursday as dismal US numbers dampened market sentiment. Elevated LME stockpiles and China's demand uncertainty added pressure on base metals. However, easing measures by the Fed coupled with hopes for upbeat China's PMI reading due on Friday limited the downswing. Aluminum plunged as markets have already priced in expectations of narrower surplus on physical market due
Precious metals followed risk-on assets on Thursday after the US data showed jobless claims increased more than expected last week. Moreover, profit taking after the previous rally weighed on the commodity sector. At the same time, weak greenback capped losses of precious metals complex. Gold declined as US figures continued to disappoint. The yellow metal moved in sync with risky assets
The Standard & Poor's 500 Index fell 0.3% to 1,498.11 points in the end of New York trading session on Thursday. The U.S. equity slipped, erasing the best January rally since 1994. Investors traded negatively on earnings data, which was disappointing and traders were pessimistic ahead today's jobs report. As analysts say, mixed data gives reasons to take out some
German equities are trading in the negative area on Thursday despite upbeat data from the job market. German unemployment unexpectedly dropped this month, improving appetite for riskier assets. The number of individuals without job declined by a seasonally adjusted 16,000, compared with forecast of an increase of 8,000. Meanwhile, weak US GDP reading continued to weigh on German equities. The
UK shares are trading lower on Thursday despite positive news from the national economy. UK consumer confidence improved in January. A sentiment index climbed to minus 26 from minus 29, while experts predicted consumer confidence to gain to minus 28. Moreover, UK house prices climbed in January due to easing measures by the BoE. The FTSE 100 Index lost 0.28%