Asian stocks excluding Japan rose as U.S. jobs data overshot estimates and China's industrial output and retail sales indicated an economic recovery. The MSCI Asia Pacific Excluding Japan Index added 0.2% to 459.16 at 2:44 p.m. in Tokyo, set for the highest close since August 2011. China's Shanghai Composite Index rose as much as 0.8%, Hong Kong's Hang Seng Index
The Australian Dollar dropped from near the two-month high as China's imports and exports data trailed economists' projections, clouding the South Pacific country's trade outlook. The Aussie Dollar fell to $1.0476 at 5:02 p.m. in Sydney, down 0.1% from December 7, when the currency capped a 0.6% weekly advance. The Aussie gained to 81.48 euro cents, the highest since November
Japanese equities fell pushing down the Nikkei 225 Stock Average after a technical indicator showed the market might be overheating. However, losses were limited amid rising utilities on possibility the nuclear reactors will be restarted this summer. The Nikkei index fell 0.19% or 17.77 points to 19,527.39. The reading has gained 0.9% this week. Seven out of ten sectors fell
U.S. equities moved up on improving prospects for a budget deal for 2013 to halt the so-called "fiscal cliff". Optimism was raised on improving data for the nation's economy, as fewer Americans filed applications for jobless benefits. The unemployment claims declined by 25,000 to 370,000 at the end of the last week. The Dow Jones Industrial Average increased 0.3%, or
German shares stayed little changed after data showed the U.S. economy added more-than-expected jobs, offsetting Bundesbank's intent to lower economic growth forecast for the next year. The nation's equities inched lower earlier as the Bundesbank downgraded the growth rate for to 0.4 % from its June's forecast of 1.6%. In addition, the industrial output fell 2.6% in October on shrinking
U.K. shares gained for the third consecutive day on the U.S. payrolls report for the year 2012 that showed better-than-expected results. U.S. employment surged 146,000 in November, exceeding the October's rally of 138,000. Meanwhile, the unemployment rate shrank to 7.7%, the lowest rate since December 2008. The FTSE advanced 0.2%, or 10.66 points, to 5,912.08, heading for its weekly gain
Hong Kong shares slightly dropped on Friday, yet staying close to their highest level since August 2011 on growing optimism for recovery of the Chinese economy supported by improvement in economic data and next year's policy changes. The Hang Seng Index fell 0.3% to 22,191.2, dragging down its weekly gain to 0.7%. The trading activity in Hong Kong has been
U.S stocks advanced for the second consecutive day. The gains were driven by improving prospects in reaching the budget deal and the rebound of Apple Inc. from its biggest decline in four years. Experts said the rise in Apple stock has helped the overall market. In addition, U.S. economic data suggest the economy persists to grow, lately supported by better-than-expected
U.K. manufacturing shrank more than expected in October after food and alcohol declined showing a slowdown in the economic growth pace at the beginning of the fourth quarter. Factory output fell the most in four months, 1.3% lower compared to September. Ten out of thirteen categories slumped in October. The Europe's debt crisis has weakened the U.K.'s largest export market."The
German shares stayed little changed after data showed the U.S. economy added more-than-expected jobs, offsetting Bundesbank's intent to lower economic growth forecast for the next year. The nation's equities inched lower earlier as the Bundesbank downgraded the growth rate for to 0.4 % from its June's forecast of 1.6%. In addition, the industrial output fell 2.6% in October on shrinking
U.K. shares gained for the third consecutive day on the U.S. payrolls report for the year 2012 that showed better-than-expected results. U.S. employment surged 146,000 in November, exceeding the October's rally of 138,000. Meanwhile, the unemployment rate shrank to 7.7%, the lowest rate since December 2008. The FTSE advanced 0.2%, or 10.66 points, to 5,912.08, heading for its weekly gain
Japanese equities fell pushing down the Nikkei 225 Stock Average after a technical indicator showed the market might be overheating. However, losses were limited amid rising utilities on possibility the nuclear reactors will be restarted this summer. The Nikkei index fell 0.19% or 17.77 points to 19,527.39. The reading has gained 0.9% this week. Seven out of ten sectors fell
Hong Kong shares slightly dropped on Friday, yet staying close to their highest level since August 2011 on growing optimism for recovery of the Chinese economy supported by improvement in economic data and next year's policy changes. The Hang Seng Index fell 0.3% to 22,191.2, dragging down its weekly gain to 0.7%. The trading activity in Hong Kong has been
The Pound reached two-week high versus the Euro on the Bundesbank decreased 2013 projections for German GDP growth from 1.6%, forecast earlier in June, to 0.4%. Sterling advanced 0.1% against the Euro and traded at 80.68 pence per Euro, the highest in two weeks. Weekly gain was 0.5%, the highest since the week ended on October 26. The Pound fell
U.S. equities moved up on improving prospects for the budget deal for 2013 to halt the so-called "fiscal cliff". Optimism was raised on improving data for the nation's economy, as fewer Americans filed applications for jobless benefits. The unemployment claims declined by 25,000 to 370,000 at the end of the last week. The Dow Jones Industrial Average increased 0.3%, or
U.S stocks advanced for the second consecutive day. The gains were driven by improving prospects in reaching the budget deal and the rebound of Apple Inc. from its biggest decline in four years. Experts said the rise in Apple stock has helped the overall market. In addition, U.S. economic data suggest the economy persists to grow, lately supported by better-than-expected
Farm commodities were mixed on Thursday, with wheat and coffee advancing and sugar and corn dropping. Grain futures were supported as heavy rains in Argentina continued to delay harvesting in the country. However, weak news from the Eurozone and solid greenback capped gains of rural commodities.Wheat advanced for the second consecutive day on concerns that dry weather may curb output
Oil rose, snapping its weekly drop, on speculation China's industrial output grew at the fastest pace since March, increasing demand in the world's second biggest oil consumer. Crude for January settlement rose 28 cents and traded at $86.54 a barrel, after sliding $1.62 a day earlier to $86.26, the lowest close since November 15.
Energy futures were bearish on Thursday after the ECB President Mario Draghi cut the Eurozone's growth forecast for this year. Stronger US Dollar and uncertainty over whether the US lawmakers will manage to avert fiscal cliff also weighed on the commodity group. At the same time, larger-than-expected decline in the US stockpiles last week restricted the downward trend. Crude oil
Asian stocks rose as fewer Americans applied for unemployment benefits and Australia's building industry contracted at a slower pace. The MSCI Asia Pacific Index gained 0.3% to 126.14 at 1:40 in Tokyo. Australia's S&P/ASX 200 Index climbed 0.8% and New Zealand's NZX 50 Index jumped 0.5%. South Korea's Kospi Index advanced 0.3%, whereas Japan's Nikkei 225 Stock Average was little
Industrial metals dropped on Thursday amid Eurozone's woes. The ECB lowered its outlook on the Eurozone's economy, citing weak consumer and investor confidence. Limiting the downswing, Chinese demand is likely to recover. The China's government announced that it will stick to the current policies but is ready to make adjustments if necessary. Aluminum slid despite brighter demand perspectives in China.
South Korea's currency weakened as ECB President Mario Draghi said economic stagnation will persist in 2013 and before U.S. jobs growth data. The Won traded at 1,083.45 per U.S. Dollar at 9:50 a.m. in Seoul, after closing yesterday at 1,083.10. One-month implied volatility fell 10 basis points to 4.75%. The yield on 2.75% bonds due September 2017 remained unchanged at
Precious metals rallied on Thursday despite disappointing news from the Eurozone. The ECB President Mario Draghi said that the region's economy is likely to shrink about 0.5% in 2012 compared to a previous forecast of a 0.4% contraction. Moreover, solid greenback coupled with larger-than-expected decline in the US jobless claims last week added pressure on the commodity group. Gold moved
The Australian Dollar was poised for a five-day gain before China's data next week, which might show the country's economy is improving. The Aussie Dollar traded at $1.0480 at 3:42 p.m. Sydney time, following a 0.3% advance to $1.0486 yesterday in New York after touching $1.0516, the highest level since September 21. The kiwi bought 83.19 U.S. cents from 83.27.