The Australian Dollar, also called Aussie, increased to $1.0469 and appreciated against most of its major developed-market pairs in the end of Sydney trading session on Monday. The market was driven by speculations, that Japan will expand its monetary easing programme in order to boost economy. That would also support a demand for assets related with the global growth. Japan
The Nikkei 225 index lost 0.8% to 10,599.01 points in the end of Tokyo trading session on Monday. The main Japanese stock index lost value with trading volume higher by 11% than the 30-day average, as investment decisions were driven by speculations that current market is overbought. Financial institutions and banks depreciated the most leading a decrease of the index:
Farm commodities apart from coffee dipped on Friday amid solid greenback. Moreover, upcoming debates on the US debt ceiling pushed rural commodities lower. Meanwhile, traders remained cautious ahead of closely-watched monthly USDA report on world crop supply and demand estimates due next Friday.Wheat closed at a six-month low amid weak demand for US supplies. As for December 27, total accumulated
Energy futures were mixed on Friday after the EIA weekly stockpiles report indicated larger-than-expected withdrawal last week. Energy prices also received a boost from hopes that dismal US job market data will result in continuation of the Fed's easing. However, mild weather forecasts as well as strong US Dollar continued to create heavy pressure on the commodity group. Crude oil
Industrial metals extended previous losses as euphoria over the US fiscal deal waned. Investors turned to safe-haven assets after the Fed hinted it may end its bond-buying program. Limiting the downswing, weak employment numbers in the US are likely to force the Fed to continue its stimulus measures. Aluminum plunged amid heavy pressure from firm greenback and bloated stockpiles at
Precious metals except for silver moved lower on Friday amid broadly stronger US Dollar. However, precious metals trimmed losses after weak US employment data suggested that despite recent comments the Fed is likely to stick to its loose monetary policy. On Thursday, the Fed announced it may end its bond-purchasing plan this year.Gold ended the week in the red territory
European stocks advanced for the fourth consecutive day, staying around its highest level in 22 months as U.S. unemployment stayed at the same level, raising optimism on the outlook for the world's largest economy. The German DAX index advanced 0.15% to 7,767.45. Only two groups in the benchmark index declined. Technology shares erased 0.95% and health care stocks lost 0.40%.
U.K. shares gained sending the benchmark index for its highest level in almost two years, as report indicated U.S. employment has increased more than expected in December and unemployment rate stayed unchanged at 7.8%. The FTSE 100 index advanced 0.6%, or 34.34 points, to 6,081.68. All but two sectors in the gauge increased. Only the shares of basic materials and
Hong Kong shares dropped down from their 19-month high amid falling exporters that declined after Federal Reserve said it will end their monthly bond purchase program. The Hang Seng index decreased 0.3% to 23,331.09, the biggest decline in 14 days.The gauge rose 23% last year. All but two groups slumped in the index. Financial companies slid the most in the
Japanese shares edged higher sending the Nikkei 225 Stock Average to its highest level since March 2011, as depreciating Yen supported exporters' earnings outlook. The national currency tumbled prior to BOJ's Deputy Governor Kiyoko Nishimura's speech today in San Diego on speculation the national bank will add stimulus to beat deflation. The Nikkei 225 index advanced 2.8% to 10,688.11 at
Dow erased this week's gains on concerns Fed will end the bond purchasing somewhere this year. After the budget deal this week, investors are now paying their attention to confrontations between Republicans and White House over government spending. In addition, a larger number of Americans than forecast claimed for unemployment benefits last week. The Dow Jones Industrial Average slumped 0.2%
U.S. Stocks dropped after Fed policy makers announced they might end their $85 billion monthly bond-purchase program in 2013. The S&P 500 index tumbled 0.2% to 1,459.37. The benchmark index touched its highest level in 3 months on Wednesday, as the lawmakers passed a budget bill. Seven out of ten groups in the index inched lower with basic materials pairing
Hong Kong shares dropped down from their 19-month high amid falling exporters that declined after Federal Reserve said it will end their monthly bond purchase program. The Hang Seng index decreased 0.3% to 23,331.09, the biggest decline in 14 days.The gauge rose 23% last year. All but two groups slumped in the index. Financial companies slid the most in the
European stocks advanced for the fourth consecutive day, staying around its highest level in 22 months as U.S. unemployment stayed at the same level, raising optimism on the outlook for the world's largest economy. The German DAX index advanced 0.15% to 7,767.45. Only two groups in the benchmark index declined. Technology shares erased 0.95% and health care stocks lost 0.40%.
U.K. shares gained sending the benchmark index for its highest level in almost two years, as report indicated U.S. employment has increased more than expected in December and unemployment rate stayed unchanged at 7.8%. The FTSE 100 index advanced 0.6%, or 34.34 points, to 6,081.68. All but two sectors in the gauge increased. Only the shares of basic materials and
Hong Kong's private sector expanded for the third consecutive month in December, according to Markit Economics and HSBC Bank. The seasonally adjusted PMI for private sector was 51.7 compared to 52.2 in November and stayed above the 50 mark, which indicates an expansion in the sector.
Job growth in the world's largest economy matched economists expectations in the last month of 2012, when non-farm payroll employment rose by 155,000 job opportunities following a gain of 161,000 jobs in November, the Labor Department reported on Friday. The report also showed the unemployment rate stayed unchanged at 7.8% in December."The overall picture is that the labor market remains
Services sector of the British economy tumbled for the first time in a two-year period in December, when the Markit/CIPS services Purchasing Managers' Index fell from 50.2 in November to 48.9 in December, its lowest level since April 2009. The PMI data also showed the UK's economic output recorded a 0.2% slowdown in the Q4 suggesting the broader economy could
Japanese shares edged higher sending the Nikkei 225 Stock Average to its highest level since March 2011, as depreciating yen supported exporters' earnings outlook. The national currency tumbled prior to BOJ's Deputy Governor Kiyoko Nishimura's speech today in San Diego on speculation the national bank will add stimulus to beat deflation. The Nikkei 225 index advanced 2.8% to 10,688.11 at
Dow erased this week's gains on concerns Fed will end the bond purchasing somewhere this year. After the budget deal this week, investors are now paying their attention to confrontations between Republicans and White House over government spending. In addition, a larger number of Americans than forecast claimed for unemployment benefits last week. The Dow Jones Industrial Average slumped 0.2%
U.S. Stocks dropped after Fed policy makers announced they might end their $85 billion monthly bond-purchase program in 2013. The S&P 500 index tumbled 0.2% to 1,459.37. The benchmark index touched its highest level in 3 months on Wednesday, as the lawmakers passed a budget bill. Seven out of ten groups in the index inched lower with basic materials pairing
The greenback bounced back from early losses versus majority of its European peers as Democrats and Republicans reached an agreement to avert the "fiscal cliff". The U.S. Dollar recovered to around $1.3180 versus the Euro and to $1.6250 against the Pound Sterling, while it climbed Y87.090 versus the Japanese Yen.
Australian stocks plummeted as the Fed lawmakers claimed they would stop their $85 billion monthly bond-buying plan sometime in 2013. Japanese equity contracts spiked before markets reopening. Australia's S&P/ASX 200 Index plunged 0.3% to 4,727.90 in Sydney, bouncing back from most since May 2011.
Farm commodities apart from wheat tumbled on Thursday amid weak demand for riskier assets as several Fed officials are against continuation of USD85 billion monthly bond-buying plan. Firm US Dollar also pressurized rural commodities. Meanwhile, market players awaited USDA report on US export sales due on Friday.Wheat inched up on concerns over drought in the US southern Great Plains. Moreover,