The Euro lost 0.1% of its value against the Dollar to $1.2913 and 0.2% to 106.44 versus the Yen in the early morning at London time on Monday. The Euro slipped in the lowest level in last two weeks after the Prime Minister of Italy said that he is considering a resignation, what raised concerns that changes in the government
The Topix index lost 0.2% of its value to 788.48 points and the Nikkei 225 added 0.1% to 9,533.75 points in the end of Tokyo trading session on Monday. Japanese stocks rose in the beginning of trading session after U.S. jobs report, which exceeded a forecast, but technical indicators signaled that shares might be overbought and a revised estimation of
Farm commodities apart from coffee were bearish on Friday amid soft demand for US exports and firm greenback. Meanwhile, traders anticipated US crop progress report due on Monday and World Demand and Supply Report due on Tuesday.Wheat dropped on falling US exports due to availability of cheaper supplies from Ukraine and Russia. Solid greenback and corn weakness also pushed wheat
Energy futures traded lower on Friday, weighted down by disappointing US preliminary consumer confidence reading for November and strong US Dollar. Adding to the negative mood of the commodity group, industrial production in the UK and Germany was weaker-than-expected last month. However, speculation that the Fed will stick to its ultra-easy policies limited losses of the commodity group.Crude oil retreated
Precious metals rallied on Friday, boosted by mounting speculation that the Fed will stick to its monetary policy despite recent better-than-expected economic data from the US. At the same time, greenback managed to appreciate against its major counterparts, weighting on the commodity group.Gold climbed as market participants bet the Fed would continue its loosening monetary policy as the US economy
China's exports grew at a slower-than-expected pace in November, indicating the need to diminish the country's dependence on overseas demand further. Exports gained 2.9% year-on-year in November, according to the data of the General Administration of Customs on Monday. This compared to an expected 9% growth and the 11.6% advance in October.
Euro-area sentiment grew for a fourth coherent month in December amid the highest expectations since May 2011 on the European Central Bank's promise in July to preserve the Euro calmed investors. The Sentix Investor Confidence report published on Monday showed that, following gain from -22.2 to -18.8 in November, the Eurozone investor sentiment strengthened to -16.8 in December, while economists
According to the Cabinet Office, consumer confidence in Japan fell marginally from 39.7 in the previous month to 39.4 in November, the weakest level since December 2011. The confidence index for employment dropped to 36.8 in November from 37.2 in October, and the gauge for consumers' willingness to purchase durable goods fell to 41.4 from 41.8. "It's likely that Japan's economy
Industrial metals moved higher on Friday as market sentiment improved amid hopes the Fed will continue its growth-boosting measures. However, the upside remained limited after the ECB sharply cut its outlook on the region's economy on Thursday. Meanwhile, dismal industrial production figures in Europe added pressure on base metals.Aluminum inched up despite signs of weakening demand in China. The country's
The Greece's debt buyback was extended by one day from the earlier last Friday deadline to the new deadline set on December 11, in order to meet the buyback target of 30 billion euro as a precondition of the country's creditors to approve the next financial package for the debt-burdened economy. Media in Greece reported the country received 27 billion
Oil advanced from a three-week low in New York as China's crude processing increased to a record and factory output surpassed expectations. OPEC meets in Vienna to discuss the production quota. Futures rose 0.4% after declining the past 4 days. Crude for January settlement rose 34 cents to $86.27 a barrel and traded at $86.19 at 12:42 p.m. Singapore time.
Asian stocks excluding Japan rose as U.S. jobs data overshot estimates and China's industrial output and retail sales indicated an economic recovery. The MSCI Asia Pacific Excluding Japan Index added 0.2% to 459.16 at 2:44 p.m. in Tokyo, set for the highest close since August 2011. China's Shanghai Composite Index rose as much as 0.8%, Hong Kong's Hang Seng Index
The Australian Dollar dropped from near the two-month high as China's imports and exports data trailed economists' projections, clouding the South Pacific country's trade outlook. The Aussie Dollar fell to $1.0476 at 5:02 p.m. in Sydney, down 0.1% from December 7, when the currency capped a 0.6% weekly advance. The Aussie gained to 81.48 euro cents, the highest since November
Japanese equities fell pushing down the Nikkei 225 Stock Average after a technical indicator showed the market might be overheating. However, losses were limited amid rising utilities on possibility the nuclear reactors will be restarted this summer. The Nikkei index fell 0.19% or 17.77 points to 19,527.39. The reading has gained 0.9% this week. Seven out of ten sectors fell
U.S. equities moved up on improving prospects for a budget deal for 2013 to halt the so-called "fiscal cliff". Optimism was raised on improving data for the nation's economy, as fewer Americans filed applications for jobless benefits. The unemployment claims declined by 25,000 to 370,000 at the end of the last week. The Dow Jones Industrial Average increased 0.3%, or
German shares stayed little changed after data showed the U.S. economy added more-than-expected jobs, offsetting Bundesbank's intent to lower economic growth forecast for the next year. The nation's equities inched lower earlier as the Bundesbank downgraded the growth rate for to 0.4 % from its June's forecast of 1.6%. In addition, the industrial output fell 2.6% in October on shrinking
U.K. shares gained for the third consecutive day on the U.S. payrolls report for the year 2012 that showed better-than-expected results. U.S. employment surged 146,000 in November, exceeding the October's rally of 138,000. Meanwhile, the unemployment rate shrank to 7.7%, the lowest rate since December 2008. The FTSE advanced 0.2%, or 10.66 points, to 5,912.08, heading for its weekly gain
Hong Kong shares slightly dropped on Friday, yet staying close to their highest level since August 2011 on growing optimism for recovery of the Chinese economy supported by improvement in economic data and next year's policy changes. The Hang Seng Index fell 0.3% to 22,191.2, dragging down its weekly gain to 0.7%. The trading activity in Hong Kong has been
U.S stocks advanced for the second consecutive day. The gains were driven by improving prospects in reaching the budget deal and the rebound of Apple Inc. from its biggest decline in four years. Experts said the rise in Apple stock has helped the overall market. In addition, U.S. economic data suggest the economy persists to grow, lately supported by better-than-expected
U.K. manufacturing shrank more than expected in October after food and alcohol declined showing a slowdown in the economic growth pace at the beginning of the fourth quarter. Factory output fell the most in four months, 1.3% lower compared to September. Ten out of thirteen categories slumped in October. The Europe's debt crisis has weakened the U.K.'s largest export market."The
German shares stayed little changed after data showed the U.S. economy added more-than-expected jobs, offsetting Bundesbank's intent to lower economic growth forecast for the next year. The nation's equities inched lower earlier as the Bundesbank downgraded the growth rate for to 0.4 % from its June's forecast of 1.6%. In addition, the industrial output fell 2.6% in October on shrinking
U.K. shares gained for the third consecutive day on the U.S. payrolls report for the year 2012 that showed better-than-expected results. U.S. employment surged 146,000 in November, exceeding the October's rally of 138,000. Meanwhile, the unemployment rate shrank to 7.7%, the lowest rate since December 2008. The FTSE advanced 0.2%, or 10.66 points, to 5,912.08, heading for its weekly gain
Japanese equities fell pushing down the Nikkei 225 Stock Average after a technical indicator showed the market might be overheating. However, losses were limited amid rising utilities on possibility the nuclear reactors will be restarted this summer. The Nikkei index fell 0.19% or 17.77 points to 19,527.39. The reading has gained 0.9% this week. Seven out of ten sectors fell
Hong Kong shares slightly dropped on Friday, yet staying close to their highest level since August 2011 on growing optimism for recovery of the Chinese economy supported by improvement in economic data and next year's policy changes. The Hang Seng Index fell 0.3% to 22,191.2, dragging down its weekly gain to 0.7%. The trading activity in Hong Kong has been