Japan's currency reached the highest level in six weeks as the nation's central bank started a policy meeting today and it is expected that the officials will not add to stimulus. The Japanese Yen appreciated 0.6% to 97.20 per Dollar by 6:38 a.m. London time after trading at 97.09, while the currency gained 0.6% to 129.29 per Euro.
Spanish and Italian government bonds advanced as factory orders increased in Germany, the Eurozone's biggest economy, boosting demand for higher-return assets. Italian ten-year bond yield dropped two basis points to 4.25% as of 3:41 p.m. in London, while yield on similar maturity Spanish bonds also fell two basis points to 4.57%.
U.S. stocks declined after opening on Tuesday on worries about the Federal Reserve monetary stimulus tapering. Investors hope for signals in speech by FOMC later this day. Conern began when Dallas Fed chairman Richard Fisher said that QE tapering is very close now. The Standard & Poor's declined 0.57% to 1,697.36. The Dow Jones Industrial Average decreased 0.64% to 15,512.05.
Gold fell for a second consecutive day as Dallas Federal Reserve President Richard Fisher makes hawkish announcements, and as series of positive U.S. data concerns investors about stimulus tapering. The yellow metal futures lost 1.68% to $1,280.40 per ounce on Comex. Silver traded 1.19% lower at $19.485 per ounce.
The U.S. trade gap narrowed more than expected in June. The deficit decreased 22.4% to $34.2 billion, which is the lowest level since the end of 2009. Exports climbed 2.2%, while imports fell 2.5%. Main drivers were improving sales of engines, telecommunications equipment and petroleum goods. Economist forecast ranged between $38 and $48.3 billion, the median was 43.5.
The greenback rose moderately versus the common currency as investors reacted to better-than-forecast trade balance data ahead of the Fed's Charles Evans speech on further insight into U.S. stimulus. The U.S. Dollar traded around $1.3280 versus the common currency and declined 0.41% to $1.5350 against the Sterling.
WTI crude advanced after several European reports showed positive economic figures, signaling the euro area economy's recovery. Analysts expect the U.S. oil and fuel stockpiles have shrunk this week. WTI futures added 0.48% to $107.07 per barrel, while the North European futures rose 0.25% to 108.98 U.S.Dollars in London.
The 17-nation currency touched the strongest level in seven weeks versus the greenback as data indicated German factory orders recovered in June, overshooting economists expectations. The Euro added 0.1% to $1.3273 and remained steady at 130.28 versus the Yen. The U.S. Dollar dropped 0.2% to 98.15 versus the Yen.
The 17-nation currency appreciated as British industrial output and factory orders in Germany grew more than expected in June, and Italy's economy contracted less than predicted in the second quarter, signaling Europe's recovery. The Euro climbed 0.2% to $1.3281 as of 6:31 a.m. New York time. Copper gained 1.2% and crude traded 0.2% higher. The Stoxx Europe 600 gauge rose
European stocks mostly advanced, fueled by the latest better-than-forecast data from Germany, Italy and the U.K., and optimistic earnings reports. The European Euro Stoxx 50 index jumped 0.17% to 2,814.02 and German DAX advanced 0.20% to 8,415.30. German factory orders rose 3.8% in June, while French company Credit Agricole posted net income of €696 million in the second quarter.
U.K. 10-year note yields advanced to a one-month high as a government data indicating industrial output rose in June curbed demand for safer assets on speculation the economy is recovering at a faster pace. The U.K. benchmark 10-year bond yield climbed to 2.49% and the 1.75% note maturing in September 2022 retreated to 94.05.
Asian shares outside Japan declined as better-than-forecast expansion in U.S. service sectors boosted speculation the Federal Reserve may soon begin to scale back bond purchases. The MSCI Asia Pacific excluding Japan Index dropped 0.5% to 440.95, while Japanese Topix index added 0.8%. South Korean Kospi index decreased 0.5% and New Zealand's NZX 50 Index fell 0.3%.
The Sterling advanced versus the greenback for the third day, as Britain released better-than-expected manufacturing and production report in June. The Britain's currency added 0.11% to $1.5373 versus the U.S. Dollar and gained 0.08% to £0.8625 against the Euro, and rallied 0.24% to 151.32 versus the Japanese Yen.
U.K. shares fell for a third day in a row, making it the longest streak of losses in 14 days, as London-listed mining companies retreated. The FTSE 100 Index slipped 0.3% to 6,601.01 as of 9 a.m. London time; however, the gauge has advanced 9.5% since June 24 as the Fed stated that they will continue with their bond-buying programme.
WTI crude dropped moderately, prolonging the previous two sessions of losses ahead of important U.S. stockpiles report release. The September WTI contract was almost steady, falling 0.20% to $106.35 per barrel and the North European benchmark Brent declined 0.07% to $108.60 per barrel. The American Petroleum Institute's weekly data is forecast to show another fall in U.S. oil and fuel
The Australian Dollar advanced versus all its most-traded peers as the nation's central bank cut the benchmark interest rate to 2.5%. The Aussie gained 0.6% to 89.79 U.S. cents at 5:16 p.m. Sydney time, after it reached 88.48 on Monday. Australia's currency has fallen 11% this year to date, which is the sharpest decline among the major currencies.
The U.K. currency was little changed versus the U.S. Dollar and Euro ahead of U.K. industrial production data that grew in June, according to economists. The Sterling was little changed at $1.5337 by 7:14 a.m. in London after strengthening to $1.5378 on Monday. The Pound traded at 86.43 pence per Euro after climbing to 86.31 pence day earlier, the most
U.S. shares dropped from all-time highs after investors weighed the report indicating better-than-expected growth in service sectors and a Federal Reserve lawmaker's comment that the central bank is closer to scaling back its stimulus. The Standard & Poor's 500 Index declined 0.1% to 1,707.14 and the Dow Jones Industrial Average fell 0.3% to 15,612.13.
The 17-nation currency almost reached its highest level in seven weeks versus the greenback ahead of data that are expected to show that German factory orders bounced off in June. The Euro traded at $1.3252 as of 7:54 a.m. London time after appreciating to $1.3345 last week, the strongest since June 19. The shared currency gained 0.2% to 130.64 Yen,
Price of copper dropped after a release of a report showing that non-manufacturing PMI remained the same in July, signaling stagnancy in the biggest metal-consumer nation in the world. The metal declined 0.43% as of $3.159 per pound at 11:40 a.m. EDT. The service sector gauge was 51.3 in the last month, the same as in June. Readings above 50
Spanish ten-year bond yields declined to the lowest level in six weeks as a 17-nation currency bloc report showed a drop in services output was smaller than expected in June, adding signs the recovery is gathering pace. Spanish 10-year bond yield advanced one basis point to 4.58% as of 1:37 p.m. in London, while Portuguese yields fell to 6.54%, down
Gold declined for a fifth consecutive session in New York as demand for gold as a safe-haven waned on speculation the Federal Reserve will prolong monetary stimulus. Gold for December settlement dropped 0.3% to $1,306.30 per ounce as of 8:04 a.m. on the Comex, reversing an earlier advance of 0.7%. The yellow metal for immediate settlement fell 0.4% to $1,306.68
Five-year bond rates climbed to 1.36%, up four basis points, and the British Pound advanced for a second consecutive day versus the greenback as U.K services sector expanded by the most in more than half a year, beating economist estimates. The Sterling added 0.4% to $1.5351 as of 12:09 p.m. in London. Against the Euro, the Pound appreciated 0.5% to
欧盟委员会(Eurostat)公布，欧元区6月零售销售总量下降0.5%，预期为下降0.6%；年率下降0.9%，预期为下降1.2%。5月零售销售月率修正为增长1.1%，年率修正为增长0.3%。