The Pound weakened 0.2% against the Dollar for a third day, before the Bank of England announces the mortgage approvals. The Sterling dropped 0.2% against the Eurozone's currency, thus reaching the lowest level in two months. So far the Pound has gained 3.1% in last three months, having the best performance among its major peers, while the Euro has advanced
The U.S. Dollar strengthen on Tuesday traded close to the lowest level in nine months as investors bet the U.S. central bank may maintain its bond-purchase program into early next year on its 2-day policy meeting. The Dollar index measuring performance of the currency against its most-traded counterparts jumped to 79.388 traded near the lowest since February 1 at 78.998.
Asian and Australian stocks declined on Tuesday as investors awaited results from U.S. reports and Fed's 2-day meeting suggesting further aggressive stimulus measures by the nation's central bank totalling $85 billion a month. Japan's Nikkei stock average slipped 0.5%, while he Australian shares index fell 0.5% from its five-year high recorded yesterday.
Small business sentiment indicator in Japan continued to increase in October with the index measuring a confidence among businesses in the small-scale industries sector rose from 49.7 in August and 49.8 in September to 50.8 the following month. The manufacturing sector business sentiment index advanced from 50.4 in September to 50.9 in October.
The central bank of India lifted the benchmark interest rates for the second successive month on Tuesday on a policy meeting as Governor Raghuram Rajan tries to fight against inflation in the country. The repo rate was raised by 0.25% to 7.75%, the reverse repo rate went up from 6.50% to 6.75%, while the cash reserve ratio was maintained at
The jobless rate in Japan recorded a modest decline in the month of September matching economists' expectation, according to a report showed by the Ministry of Internal Affairs and Communication on Tuesday. The report showed that unemployment rate came in at 4.0% in September after it recorded 4.1% in the previous month.
Japanese retail sales recorded an increase in September rising more than economists preliminary estimated, the Ministry of Economy, Trade and Industry reported on Tuesday. According to the report the country's retail sales advanced by 3.1% compared to a 1.8% gain originally expected following a 1.1% jump in August.
Household spending in the Asia's second largest economy notable increased on the month of September, when the figure advanced 3.7% on an annual basis standing at 280,692 yen, a report published by the Ministry of Internal Affairs and Communication revealed on Tuesday. The report also showed that the average monthly income per household was 431,931 yen.
Chinese stocks retreated to the seven-week low, after small businesses reported decrease in sales and the People's Bank of China failed to decrease money rates. The Shanghai Composite Index depreciated 1.7%, thus loosing total of 3.4% this month and coming closer to the first fall in four months. Zhejiang Beigmate Technology Industry & Trade Co. plummeted 8.9% after announcing reduction
The Japanese Yen advanced versus all of its 16 major counterparts, after Japan reported an increase of 1.8% in retail sales that exceeded estimates. The Japan also faced decrease in unemployment by 0.1% in September. The Yen gained 0.2% against the Eurozone's currency and 0.1% versus the U.S. Dollar, thus ending the two-day fall. The Bank of Japan is going to release new forecast on economies
Home mortgages in Spain recorded a steep decline in August on a monthly basis, when the total number of residential mortgages slipped 11.8% standing at 12,147, the statistical office INE reported on Monday. The report also showed that the total value of capital loaned on transactions fell 15.8% to 1.16 million Euro, while the average amount of mortgage slid 4.5%
An economic activity leading indicator in the 17-nation bloc continued to increase in the month of September suggesting that the area's economy may grow moderately in 2014, a data unveiled by the Conference Board showed on Monday. The leading economic index added 0.5% on a monthly basis to 109.6 in September following a 1% advance in the month before.
Business sentiment in Italy deteriorated in the month of October following an increase recorded in previous months, a report published by the statistical office Istat revealed on Monday. The report showed that Italy's business sector confidence index measuring sentiment in manufacturing, construction, retail trade and market services fell from 82.8 in September to 79.3 in October.
High street sales in the United Kingdom stalled in the month of October after it increased three months in a row, while retailers expected a solid advance, the latest survey released by the Confederation of British Industry showed on Monday. According to the survey, about 42% retailers claimed the volume of sales was up, while 39% said they were down.
U.S. pending home sales surprisingly declined in September as pending sales decreased to their weakest level in a nine-month period, a data released by the National Association of Realtors revealed on Monday. The association's pending home sales indicator slipped 5.6% to a level of 101.6 in September after it recorded a downwardly revised 107.6 in August.
The government 10-year bonds climbed to 4.20% on Thursday, the highest level since November 2007, as China's gross domestic product growing at its fastest pace since July with 7.8% in Q3, which is 0.3% more comparing with Q2. The manufacturing activity index, HSBC Manufacturing PMI, advanced to 50, 9 in October, comparing with final reading of 50.32 last month.
US industrial output climbed 0.6% in September, after adding 0.4% two month earlier, against economist expectations of 0.4% increase, according to Federal Reserve releases. Utilities production advanced 4.4%, while manufacturing performance added 0.1% and mining extraction gained 0.2%. Meanwhile Capacity utilization jumped to 78.3% in September, which is 0.3% more than it was expected.
The Canadian currency fluctuated at C$1.0443 per greenback as of 7:50 am in Toronto, as Federal Reserve will delay tapering of its quantitative easing programme until March 2014, which reduces the currency's value . Last week the so-called loonie dropped the most since June after the Bank of Canada signaled to keep interest rates at current level. Canadian Dollar traded at 95.76
Russian gold holdings decreased nearly 0.37 metric tons to 1,015.1 tons in September as Mexico continuously reduce its assets for one year and a half, International Monetary Fund revealed. Meanwhile spot gold traded at $1,349.51 an ounce at 3:28 pm in Singapore, after reaching $1,350.80 on October 25.
The British Sterling was little changed on Monday trading session against the U.S. Dollar and the Euro after a report showed that house prices in the United Kingdom advanced to the highest level in October. The Pound traded at $1.6177 by 7:47 a.m. in London following an increase to $1.6257 on October 23, the strongest level since October 1, while
European shares increased on Monday as the benchmark index Stoxx Europe 600 is set to extend its three-week rally before a data showed that industrial production in the world's largest economy, U.S., increased in September. The Euro Stoxx 50 Index futures with settlement in December gained 0.4% to 3,039 by 7:10 a.m. London time, while the Stoxx 600 Index jumped
Consumer confidence in Finland declined in October following an increase in the month before cause by a negative assessment of development of unemployment, a survey published by the Statistics Finland revealed on Monday. According to the survey, Finnish consumer confidence fell from 6.3 recorded in September to 3.8 in October, while in August it scored 5 points.
Emerging-market equities increased on Monday rising for the first time in a four-day period mainly due to gains in technology sector companies led by Samsung Electronics Co. rallying 2.2% and Delta Electronics Inc. The MSCI Emerging Markets Index climbed 0.4% to 1,031.39 by 1:57 p.m. Hong Kong time and it was set to record the largest jump in a week.
A gauge measuring the U.S. Treasury market volatility declined to the lowest level in five months amid speculation that the U.S. Federal Reserve decides to maintain its aggressive monetary easing totalling $85 billion a month on today's policy meeting. The 10-year interest-rate swaps three month implied volatility was 75.22, while the average in last years is 81.41.