Gold declines on U.S. government shutdown

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Source: Bloomberg
© Scanpix/Reuters
Gold extended losses on worries that the first U.S. government partial shutdown in almost two decades will end soon as the officials have to seek for a compromise. The yellow metal price dropped 0.3% to $1,324.95 an ounce, prolonging Monday's 0.6% loss, and traded at $1,328.35 as of 12:24 p.m. Singapore time, while the platinum declined 0.6% to $1,395.13 an ounce.
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Tue, 01 Oct 2013 08:22:05 GMT

European stock-index futures gain on U.S. Shutdown

European stock-index futures advanced, indicating the Stoxx Europe 600 Index will recover from its biggest slump during one-month time, as investors weighed the impact of U.S. government's partial shutdown. December futures on the Euro Stoxx 50 soared 0.3% to 2,887 as of 7:23 a.m. London time. S&P's 500 Index futures added 0.2%, while contracts on the U.K.'s FTSE 100 Index

Tue, 01 Oct 2013 07:58:05 GMT

Japan purchasing managers' index reaches highest since 2007

Large manufacturers' sentiment rallied to the highest level of 52.5 since the debt crisis broke out amid steps to mitigate increase of sales-tax, which is claimed to become 8% instead of 5% in April. Gain in business confidence across various sectors shows that Japan economy is improving, yet salaries went down 0.4% year-on-year and unemployment rate rose to 4.1% in

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