German stocks gained for a second day after declining yields on Italian and Spanish bonds offset data indicating that Europe's largest economy's manufacturing and service industries suddenly shrank in April. The benchmark DAX Index advanced 0.5% to 7,516.31 as well as the broader HDAX Index added 0.5% today. Meanwhile Italian 10-year government bonds climbed, driving the yield on the securities
U.S. stock futures remained almost unchanged as a report depicted China's manufacturing expended less than previously expected, thus leading to concerns that the world's second-biggest economy might tumble. Contracts on the Standard & Poor's 500 Index with time to maturity in June slid 0.1% to 1,554.4, while futures on the Dow Jones Industrial Average also declined 0.1%, down 10 points,
Asian stocks dropped, with the regional benchmark index posing for its first fall in three days, as a report depicted Chinese manufacturing increased at smaller pace than previously expected. The MSCI Asia Pacific Index surged 0.2 %, China's Shanghai Composite Index fell 2.6%, Hong Kong's Hang Seng Index lost 1.1% while Japan's Nikkei 225 Stock Average slid 0.3% due to
Brent oil dropped to a four day low after the fall in euro-area's manufacturing output and services added to concern that demand for crude would continue to decline in the region. Brent for June delivery plummeted $1.61 to $98.78 a barrel and the volume of all futures traded was 24% above the 100-day average. Prices slid 11% this year. Meanwhile
The Pound Sterling weakened toward the lowest point in two weeks versus the greenback as the U.K. manufacturing orders index shrank for the 20th month. It dropped even despite the narrowing of Britain's budget deficit and depreciated 0.5% to $1.5217, the weakest since April 5. The currency remained almost unchanged versus the 17-nation currency, staying at 85.32 pence per euro.
The Euro declined to the lowest in two weeks versus the greenback after a report indicated that region's services and manufacturing output plummeted for a 15th month. The shared currency fell 0.6% to $1.2985, the lowest since April 8 and slid 1.2% to 128.16 Yen. Meanwhile, Japan's currency advanced 0.5% to 98.69 per greenback. In addition, due to unexpected increase
The Thailand Bath slipped by 0.4% to 28.79 per U.S. Dollar in the morning of Bangkok trading session on Monday. The currency dropped the most since 25th of January, as investors are concerned about a possible intervention from the central bank. The Bath strengthened by 6.2% this year damaging the competitiveness of of the country.
The Japanese Yen rose 0.5% to 98.70 per U.S. Dollar and 0.8% to 128.66 per Euro by midday trading session in Tokyo on Tuesday. The Japanese currency gains, as investors are concerned about a report indicating a slowdown in China's manufacturing growth. Last news spurred uncertainty about the largest Asian economy and its faltering growth.
The Australian Dollar, also known as the Aussie, edged lower by 0.4% to 1.0235 per U.S. Dollar in the second part of Sydney trading session on Tuesday. The Aussie, together with other commodity currencies, depreciates on data from China, which signal about a slowdown in manufacturing industry. The drop was bigger than expected and increases concern about future perspectives, as
The Canadian Dollar, also known as the loonie, was slightly higher at 1.0256 per U.S. Dollar in the end of Toronto trading session on Monday. The loonie gains against the major counterparts, as the crude oil price increased for a third day, which is the major exporting commodity of the country.
On Monday, the Euro was almost unchanged versus the US Dollar during the European trading hours, following a Eurostat report that showed an increase in total Eurozone debt to annual GDP ratio. The single European currency was traded at 1.304 versus the Greenback by 10:38 a.m. London time.
Statistic Estonia revealed on Monday that producer prices grew at a faster pace in March. Year-over-year, producer price index gained 5%, compared to a reading of 4.3% in the preceding month. Month-over-month, producer price inflation increase to 0.8%, which was mainly driven by electricity and heat prices.
Eurostat reported on Monday that the government deficit to GDP ratio of the Eurozone declined to 3.7% from a figure of 4.2% in the preceding year, while debt to GDP increase to a level of 90.6% compared to a reading of 87.3% during the previous year. The respective figures for the whole EU were 4.0% and 85.3%.
The Census and Statistics Department revealed on Monday that Hong Kong inflation decreased its pace in March. Composite consumer price index grew by 3.6% in March, compared to a figure of 3.7% in February and January. Inflation dropped mainly because of a decrease of fresh vegetable prices.
Statistics Denmark revealed on Monday that Danish retail sales decreased last March, which was mainly due to slump in clothing turnover. Month-over-month, retail sales declined by 0.5%, compared to a growth of 0.4% in the preceding month. Sales of clothes lost 2.7%, sales of other consumer goods fell by 0.6%, while sales of food increased by 0.1%.
The Swiss National Bank reported on Monday that the country's money supply increase accelerated for the second consecutive month. Year-over-year, M3 money supply grew at a rate of 9.9%, compared to an increase of 9.8% in February. M2 added 10.7% compared to a growth of 10.4% in the preceding month.
European stocks advanced, recovering from the biggest drop in five months, after Italy elected new president and the G-20 stopped opposing stimulus policies of the Bank of Japan. Moreover, Asian shares and U.S. index futures accelerated. The Stoxx Europe 600 Index rose 0.8% to 287.57, Italy's FTSE MIB Index gained 2.3%, while Standard & Poor's 500 Index contracts climbed 0.5%
Asian stocks advanced following Japanese exporters after the Japanese currency fell to the lowest in four years versus the greenback and stimulus policies of the Bank of Japan remained unopposed at G-20 meeting. The MSCI Asia Pacific Index added 0.6% to 137.11, the Nikkei 225 Stock Average rose 1.9%, Australia's S&P/ASX 200 Index advanced 0.7%, while New Zealand's NZX 50
The Chinese currency dropped, following its six-months high as the People's Bank of China set a new level of the currency's fixing which stops it from strengthening. The Yuan slid 0.08% to 6.1826 per greenback after gaining 0.24% a week ago. It is believed that China should sacrifice short-term growth in order to ensure structural adjustments.
The Aussie and Kiwi climbed against the greenback after gold rallied from three decades low and triggered appetite for risk. The Australian Dollar appreciated 0.3% to $1.0304 after a drop of 2.2% last week, the biggest fall since May, while the Kiwi gained 0.4% to 84.51 U.S. cents, bouncing back from a 2% plunge the week before. Gold for immediate
The Won dropped to the lowest in four years amid speculation lawmakers would prefer depreciation to support exporter of South Korea against more competitive Japanese rivals. The currency slid 0.3% to 1,119.05 per greenback, after earlier fall of 0.7%, the biggest intraday slump since April 8. Generally the Won depreciated 4.9% per Dollar and advanced 10% versus the Yen in
The Japanese currency weakened as Governor of Bank of Japan Haruhiko Kuroda indicated he was encouraged to continue a campaign in order to defeat deflation. The Yen dropped toward 100 per greenback for the first time since April 2009 and fell versus 13 of the 16 major peers. The currency slid 0.2% to 99.76 per Dollar as well as declined
Crude increased on Thursday rising for the second day in a row paring the third weekly drop amid speculation that the previous fall was too rapid and as the 17-nation bloc currency advanced versus the U.S. Dollar. WTI for May delivery added 23 cents to $87.96 a barrel on the NYMEX after it touched the lowest since December 11 at
Producer prices for industrial products in the Europe's largest economy expanded in the month of March, the latest data revealed by the statistical office Destatis showed on Thursday. According to the report the index of producer prices gained by 0.4% in March from the previous month, while the annual rate of change recorded 1.2% in February after it was 1.7%