Statistics Canada reported on Tuesday that Canadian core retail sales added more than expected in August, whereas total retail sales increased less than forecast. Retail sales excluding automobile sales increased by 0.4%, compared to an expected 0.2% reading. Total retail sales advanced by 0.3%, while economists predicted a 0.4% growth.
On Tuesday, Spanish bonds were declining for the third consecutive day, following the release of the data that showed a decline of the gross domestic product. The yield on Spanish 2-year notes fell 15 basis points to 3.03% at 3:01 a.m. in London. Spanish bonds have been falling since the Prime Minister said on Oct. 19 that he's not being
National Bank of Belgium reported on Tuesday that confidence of Belgian business leaders declined unexpectedly from June to September. NBB business climate decreased to minus 13.5, compared to a preceding quarter's reading of minus 11.6. Economists, however, expected that the index would increase to minus 11.0
On Tuesday, treasuries were traded higher, as lower than expected earnings from corporations renewed doubts over the recovery of the economy and supported demand for safer assets. The yield on benchmark 10-year notes declined 5 basis points, reaching the level of 1.77% by 9:52 a.m. in New York.
The Bank of Canada announced on Tuesday that it held its benchmark interest rate still for the seventeenth month in a row in October. The central bank left overnight cash rate at 1.00%, meeting expectations. In an accompanying statement the bank said that some slight withdrawal of loose monetary policy would be likely to take place over time.
German shares tumbled at Tuesday's risk-off trading. Market players turned to safe-haven assets after Moody's downgraded credit rating of five Spanish regions. Disappointing quarterly results of the European majors also created heavy pressure on the German blue chips. The DAX Index plunged 1.46% and is currently trading at 7,186.97. All sectors included in the index sank. Moreover, all DAX companies
UK equities tumbled on Tuesday after Moody's lowered its credit rating on five regions in Spain. Weak quarterly results of the largest European companies also weighted down on UK shares. The FTSE 100 Index sank 1.27% to trade at 5,808.46. Only one sector within the index advanced. The only gainer was utility sector. Centrica moved higher by 0.28%. Only five
Japanese shares eased up on Tuesday, advancing for the seventh day in line. Mounting hopes that the BoJ and POBC will announce easing measures were supportive for Japanese equities. Meanwhile, softer Yen lifted exporters. The Nikkei 225 Index added 0.04% to close at 9,014.25. Only three in ten sectors within the index gained. Consumer services and industrials were the top-performers.
Brazilian stocks were bearish on Monday amid mixed quarterly reports from the US. Meanwhile, market sentiment remained under pressure as traders continued to await flesh PMI releases and the FOMC statement due on Wednesday. The Bovespa Index lost 0.38% to close at 58,700.30. Only four in nine sectors included in the index climbed. The top-performers were consumer services and industrials,
The Dow Jones Industrial Average Index added 0.02% to end Monday's session at 13,345.89. Market participants remained cautious ahead of manufacturing data and FOMC statement both due on Wednesday. Weak Japanese export data also dampened the market sentiment. Four in nine sectors included in the index rose. The best-performers were basic material producers and technology firms. Alcoa and El du
US equities rebounded after a sharp decline on Friday. Quarterly reports continued to drive the markets. Investors were also cautious ahead of the FOMC meeting and flesh PMI releases across the globe due later in the week. The S&P 500 Index eased up 0.04% to close at 1,433.82. Only two in ten sectors within the index managed to climb. The
Spain's gross domestic product contracted by 0.4% from the previous three months, according to the Bank of Spain monthly estimation announced today in Madrid. Last week European leaders failed to agree on additional help for Spain, as borrowing costs are high and complicating Prime Minister Rajoy's efforts to trim budget deficit, which is exceeding the EU limit three times.
The Shanghai Composite Index lost 0.9% value to 2,114.5 points in the end of Asia trading session. That was the sharpest decrease since 26th of September, as investors were concerned on the domestic economic and earnings outlook. Tomorrow will be released a HSBC manufacturing PMI report, which will indicate the business situation. Last month's index was 47.9, shrinking for an
On Tuesday, the British Pound retreated from a 4-month low versus the Euro, before a report, which is widely expected to show an increase in U.K. mortgage approvals for the third month in a row. The Sterling gained 0.2%, with the 17-nation currency being traded at GBP0.8141 by 8:04 a.m. in London.
On Tuesday, U.S. stocks were higher, ending a 3-day long streak of S&P 500 losses, as increase in Apple shares outshined disappointing corporate results. The most valuable company, Apple, gained 4%, placing growth in technology companies. The S&P 500 increased by less than 0.1% to 1,433.81 by 4 p.m. New York time.
On Tuesday, German 10-year bonds were traded close to a 1-month low, since the market was driven by an upcoming Eurozone consumer sentiment report. The yield on benchmark 10-year bonds was little changed, being at the level of 1.62% by 7:38 a.m. in London. Earlier on October 18, it hit a level of 1.66%, which was the lowest since September 19.
The Stoxx Europe 600 index is down by 0.4% to 271.84 points during early trading hours on Tuesday. This week's negative stock performance reduces the 16% surplus of the rally since 4th of June, when the EU Bank announced a bond-purchase programme. Today markets fell as companies announced lower earnings than forecasts and the world's leading credit agency Moody's lowered
Gold spot price decreased by 0.3% to $1,722.88 an ounce during the U.S. trading session and in Singapore trading hours, slightly retreated up and was $1,723.88. Gold loses its value, as investors see signs that the U.S. economy is recovering, what is reducing demand for gold, as a conservative investment to diversify a portfolio. During the U.S. trading hours, the
Copper rebounded from the six-week lowest level on Tuesday amid belief that China, the biggest consumer, will create further measures to boost national growth, increasing demand for metals. Three-months copper traded at $7,953, after rising 0.7% to $8,009 per metric ton in London. January futures slid 0.5% in Shanghai, while December futures were flat at $3.6175 per pound in New
French business confidence declined unexpectedly in October, Insee reported on Tuesday. Benchmark business sentiment index slipped to 85 in October, compared to 90 in the preceding month, which was unchanged from August. Economists expected the index to stay flat in October too. Retail sector sentiment rose modestly, while confidence among service providers fell in October.
Oil trimmed a three-day fall in New York, while Brent futures fluctuated between gains and losses in London. On Tuesday, December-delivery crude added 17 cents to trade at $88.82 per barrel in New York, after surging 64 cents earlier today. Brent crude for the same month deteriorated 14 cents to $109.30 per barrel in London.
The Japanese Yen fell past 80 versus the U.S. Dollar for the first time in 3 months on speculation theta the Bank of Japan will add more stimulus. The Yen fetched 80.01 per greenback, the weakest level since July 6, before trading at 79.93 from 79.94 at yesterday's close. Japan's currency gained 0.1% to 104.35 per Euro.
Asia stocks traded mostly down as dividend concerns pressured Japanese utility firms, meanwhile steel producers weighed in Seoul. The Nikkei Sock Average was little changed, the Kospi slid 0.4% and the Shanghai Composite Index dropped 0.7%. Australia's S&P/ASX 200 added 0.1%, but Hong Kong stock markets were closed today.
On Monday, the loonie touched a 2-month low versus the greenback, amid speculation that the Bank of Canada would put less emphasis on increasing its rates during policy meeting on Tuesday. The Canadian currency was little changed, being traded at 99.42 cents per one unit of the U.S. currency by 99.42 a.m. in Toronto.