Japanese equities decreased on Tuesday with the local benchmark index falling for the first time in a four-day period as the country's currency strengthened and as the fall was led by automakers and consumer electronics companies. The Topix Index slipped 0.5% to 1,253.02 in Tokyo, while the Nikkei 225 slid 0.7% to 15,515.24 at the close.
Japan's small and medium-sized enterprises business confidence advanced further in November mainly due to an improvement in overall economic situation in the country, a data published by the Shoko Chukin Bank revealed on Tuesday. According to the data, the business confidence index gained from 50.8 in October to 51.1 points in the following month.
The Japanese currency strengthened on Tuesday recording a slight increased against the U.S. currency from the lowest level in six months after a government report showed that situation on U.S. housing market worsen. The Yen advanced 0.2% to 101.47 per U.S. Dollar rising from a six-month low reached on Monday at 101.915.
Wall Street shares closed higher on Monday with the benchmark index Dow Jones recording its new high and the Nasdaq topping a level of 4,000 for the first time in a 13-year period to close slightly below that figure. The Standard & Poor's 500 Index slid 0.13% to 1,802.48, while the Dow Jones industrial average added 0.05% to 16,109.63 and
Asian shares increased on Tuesday rising for the third successive session amid speculation over higher oil supplies after the world powers and Iran reached an agreement on Iranian nuclear program pushing the oil prices down yesterday. The MSCI Asia-Pacific gauge outside Japan gained 0.3% following another 0.3% advanced recorded yesterday.
The British Banker's Association released October's number of new mortgages approved for home purchase, which came in at 42.8K, a bit lower than the 45.2K expected by analysts. While Excluding September's number of 43.2K, the number for October is still the highest since February of 2010.
Wal-Mart Stores Inc., the largest retailer in the world, will hire back workers, who were fired after the November 22, 2012 strike, asking for the better pay. The decision to dismiss workers was protested by The Labor Relations Board. Now, Wal-Mart has either to hire them back or pay compensations. Yesterday, Wal-Mart Stores Inc. shares added 0.95% to $79.81 per
Business confidence in Netherland's industrial sector advanced in the month of November, a survey published by the Central Bureau of Statistics unveiled on Monday. According to the survey, the Dutch industrial sector confidence index measuring expectations of future levels of production rose from -0.5 recorded in October to -0.4 in the following month.
Industrial production in Taiwan advanced in October rising for the second successive month, however, the rate of growth was slower than economists initially expected, a preliminary report released by the Ministry of Economic Affairs unveiled on Monday. The country's industrial production gained annually 0.78% in October after it added 0.60% in the month before.
Producer prices in Spain declined in November falling for the second time in three months, the latest report published by the statistical office INE revealed on Monday. According to the report, the Spain's producer price index dropped 0.2% on an annual basis in November after it added 0.1% in the month before, while intermediate goods prices slid 2%.
According to analysts' expectations, around 300,000 households in the United States will not be able to pay its heating bills this winter, as the government spending sequester has cut the benefit amounts. The average data says that almost $2,100 is necessary to heat the four-bedroom flat, while the heating benefit is now only $800. The total heating benefit program was
German government bunds swung between gains and losses on Monday as the bonds prices slipped 1.3% this year through November 22 before this week's report forecast to show that inflation in the 17-nation bloc currency advanced in November. The benchmark 10-year bunds yielded at 1.75% by 7:13 a.m. in London and the 2 percent securities due in August 2023 traded
The Czech economic confidence in November advanced to 4.5, after it dropped to 2.9 in previous month, thus indicating that the consumers in Czech Republic are not that pessimistic about the current economic situation. Major contributor to the rise in confidence was advance in business sector, which jumped to 7.9, compared to 7 in October.
The South Korean currency jumped on Monday gaining for the second straight session amid speculation that exporters are selling U.S. Dollars as it's coming closer to the end of November to meet month-end expenses. The Won advanced 0.2% to 1,058.80 per U.S. Dollar by 9:44 a.m. Seoul time, only 0.4% off the strongest level in two years at 1,054.35.
The Indian currency strengthened on Monday rising against the majority of its most-traded regional peers amid optimism that current-account deficit may be shrank in South Asia as Iran and world's powers agreed on Iranian nuclear program. The Rupee increased 0.6% to 62.5050 per U.S. Dollar by 10:16 a.m. Mumbai time following a gain to the highest level since November 20
European stocks surged, as Iran accepted to retrain its extensive nuclear program and companies reported gains. The Stoxx 600 index gained 0.4%, after last week it dropped 0.1%, which was the first decline in more than a month. The Fresenius AG surged the most 7.9%, after the U.S. plan to reduce Medicare payments for next year.
The Swiss Federal Statistical Office released the latest Job statistics this Monday at 8:15 am, GMT. YOY employment for the 3rd quarter increased by 1.2%, with services sectors increasing by 1.%, while industrial sectors went down by -0.3%. The total number of people employed was 4.2M, a bit above analysts' expectations of 4.19M, and the highest in the
The U.S. 10-year government bond yields advanced 0.02% to 2.77% at 6:46 a.m. in London, amid speculation the Federal Reserve will most likely taper its monetary stimulus next month, after Fed President James Bullard stressed last week that quantitative easing taper will be discussed on December's meeting, and is likely to be reduced on strong jobs data.
Sentiment among French entrepreneurs stayed flat in November of the current year, comparing with the previous month, as the benchmark indicator remained at 98 points. Analysts, in turn, forecasted the index to lost one point to 97. It is worth pointing out that the indicator for showing manufacturing expectations in France slipped from -6 to -16 points, while the exports
Soybeans dropped on Monday retreating from the strongest level in an eight-week period amid expectations that crops in the world's largest exporter of the commodity, Brazil, may be boosted by favourbale soil moisture and as rains in Argentina also help local crops. January soybeans futures lost 0.3% to $13.15 a bushel on the CBOT and traded at $13.1525 at 2:07
India's stocks gained on Monday rising the most among Asian shares amid concerns that inflation may be slowed by falling oil prices after the world's powers and Iran reached a deal on Iranian nuclear program and capped oil sales in the country. The Indian benchmark index Sensex climbed 1.3% to 20,486.7 as of 11:46 a.m. Mumbai time.
Aussie depreciated 0.6% to NZ$1.1140 at 2:05 p.m. is Sydney, after reaching NZ$1.1137, the weakest level since October 2008, amid speculation, before the RBA deputy governor Philip Lowe speech, that Reserve Bank will curb currency strength. Meantime, the Australian currency sank 0.2% to 91.67 U.S. cents, before trading near three month low at 91.44 on November 22.
Emerging-market equities increased on Monday rising for the second straight session after the global powers and Iran agreed on the Iranian nuclear program pushing the oil prices down and as the Thai currency dropped to the lowest level in 10 weeks. The MSCI Emerging Markets Index gained 0.4% to 1,012.94 by 2:06 p.m. Hong Kong time.
Chinese equities fluctuated on Monday as China Petroleum & Chemical Corp. led declines after Qingdao pipeline explosion killed 52 people and as port and defense-related shares recorded gains. The Shanghai Composite Index slid 0.2% to 2,193.99 by 2:16 p.m. local time following a 0.6% gain recorded earlier on the session.