Precious metals were mostly higher on Monday as eased concerns over the Euro Zone's debt crisis bolstered prices. At G8 summit leaders of world's largest economies stated that the EU has to do whatever it takes to keep Greece in the Euro Zone.Gold was slightly higher as hints of more accommodative policy from the Fed and stronger Euro provided fresh
China's leading indicator rose by 0.8% in April, following 0.8% increase in March and 1% increase in February. Although consumer sentiment and bank loans measurements were stronger, decreasing real estate and manuafcturing gauges worry some specialists and force them to review China's growth perspectives for this year. China's leading indicator was first published 2 year ago, May 2010, but successfully
UK's inflation in April was lower than expected and reached 3% on yearly basis. It dropped 50 basis points since march and it was the first time in more than 2 years when yearly inflation was withing government target. Core inflation which does not take in to account more volatile food, alcohol, tobacco and energy prices slowed down by 40 basis points since March
Wheat prices in Chicago Board of Trade are expected to stay high because of adverse weather conditions in the major grain-growing regions such as Russia, the US and Australia. Abnormally high temperatures and drought may harm crops. Currently, wheat futures for delivery in July trade at 6.9325 US Dollars per bushel, inching down by 0.4%.
Asian stocks rose on Tuesday amid increased bargain buying due to lower prices. Moreover, hopes that the EU leaders will help to resolve Greek crisis coupled with possible depreciation of the Yen provided stimulus for stock prices. Hong Kong's Hang Seng Index increased by 1.01% while Australia's S&P/ASX200 gained 0.68%. Meanwhile Japan's Nikkei 225 Index rose by 0.97%.
Gold prices are likely to increase again as market participants consider lower prices as buying opportunity, according to Commerzbank. There is no fundamental justification of recent fall in gold prices taken that Euro Zone's woes still persist and interest rates remain in the negative territory, said expert from Commerzbank. As soon as the yellow metal crosses the psychologically important level
The US Senate has passed a bill aimed at tightening sanctions imposed on Iran to force the country to cease its nuclear program. The new sanctions imply investigation of role of Iran's Revolutionary Guard in oil exports as well as obliging the US companies to disclose any business activities with Iranian partners. The move came ahead of negotiations between Iran
China's leading index expanded by 0.8% to 232.4 in April, indicating the same pace of growth as in March, reported New York Conference Board. The data suggests that the country may avoid hard landing. Analysts expect China's government to announce additional easing measures in the nearest term to boost growth, according to China Securities Journal.
Gold extended previous gains in Asian session on Tuesday as concerns over Greek exit from the single currency union eased. At G8 summit leaders of eighth largest economies stated that they would do everything possible to retain Greece in the Euro Zone. COMEX gold June contract traded at 1,592.35 US Dollars per troy ounce on the New York Mercantile Exchange,
Crude oil rose during Asian session on Tuesday after Wen Jiabao, China's Premier, urged the country to implement more easing measures to stimulate growth. China is the world's second oil consumer thus faster expansion would increase demand for the energy. Light, sweet crude oil futures for July delivery traded at 93.19 US Dollars per barrel on the New York Mercantile
Construction in March, compared to February, increased by 12.4% in the Euro Zone and by 11.8% amid the member states. In comparison to the same month last year the construction increased by 3.8% in the Euro Zone and by 3.9% amongst the member states. Among the countries, for which the data is available, construction increased in 10 and decreased in
S&P 500 gained around 1.2% today, the most since the end of April. Out of 10 groups included in the index, commodity, technology and industrial companies gained the most. Apple and Newmont Mining increased by no less than 3.5% each. Boeing gained 3.3% after Argus Research suggested buying the company. Cooper Industries rocketed by 26% after Eaton arranged to purchase
Oil futures rebounded from the lowest level in half a year and increased by up to 1.3% today. June futures, expiring tomorrow, increased by approximately 1% today after closing at the lowest level since mid October last week. Brent oil July futures gained 1.3% today in ICE Futures Europe exchange. Specialist state that this is due China's economy which demonstrates continuous, stable and
Facebook went public on May 18 with the initial public offering price of USD 38. Although many investors expected a first-day spike, by the end of the session the gain was just 0.6 percent. The debut was overshadowed also by technical problems – trading was delayed for 30 minutes and there were issues with traders' orders. Today is its first trading day. At the time
Economy of Thailand is successfully recovering after the water flood last year. During the first three months of the current year a number of factories came back to business and started the production, while demand of the population is gradually being restored, increasing the national currency's value. Comparing with the year 2011 data for January - March, gross domestic product
Agricultural commodities were mixed on Friday as US weather remains abnormally hot while sugar and coffee supplies are rising.Wheat rallied for six consecutive sessions, approaching eight-month high as exceptionally hot temperatures in the main grain-growing regions in the US and Russia may harm crops.Corn followed wheat's suit, gaining 1.68% as dry and hot weather in the US slows development of
Energy markets were lower on Friday amid lingering concerns over the Euro Zone's economic instability. Moreover, growing OPEC production continued to dampen investors' sentiment.Crude oil declined as continuous worries over the demand from the Euro Zone weighted on price. Traders also were cautious ahead of G8 summit.Brent oil lost 0.33% as meeting between Iran and six major economies looms. Moreover,
Last Friday the government of Colombia stated that it is going to influence a number of national banks in order to hold over higher reserves on every new consumer loan, because of an unexpected increase in past-due credits and signs the economy is overheating. Juan Carlos Echeverry, Financial Minister of Columbia, has no doubt that new regulations will not only stabilise
Even though petroleum reserves in Colombia have risen by 10 per cent in the previous year, comparing with the year 2010 data, government of the country is still forcing companies to run researches in order to explore future opportunities. According to information from Colombia's government official petroleum agency - ANH - the previous year reserves have reached a number of 2.259
Even though this year Indian stocks are considered to be the worst performing in Asian market, pharmaceutical and consumer arbitrary industries of the country are showing an amazing performance since the beginning of this spring. The sectors are considered to take a defensive part in India's market. The industries are more or less isolated from the negative impact of foreign countries
As G8 leaders vowed to combat financial crisis, cash gold stepped up to USD 1,600 per ounce on Monday. Spot gold increased by 0.4 per cent to USD 1,598.79. However, concerns about Greece and debt crisis do not subside, because world's leaders did not offer any specific prescription on how to rescue the euro area. Therefore, some analysts, like Ed Meir of INTL FCStone, suspect
Industry metals were mostly higher in volatile session on Friday as market participants expected the outcome of the G8 summit.Aluminum lost momentum but continued to appreciate as increased Japan's premiums and recent drop in Tajikistan's Aluminum production lent support for the light metal.Copper was almost unchanged; however, a rise in Japan's copper wire and cables shipments in April may lift
Precious metals extended previous gains on Friday amid broadly weaker US Dollar and China's easing hopes. Gold rose by more than 1%, indicating the largest two-day jump since October. The yellow metal was buyout by hopes for easing policies in the US and China.Silver was the top-gainer, rallying by more than 2% despite weakness of the global equities in view
While investors are expecting BOJ to add stimulus to the economy this week, Lee Hardman of Bank of Tokyo-Mitsubishi UFJ Ltd. considers it would be a premature action and that the situation may self-correct, because Europe would be the main determinant of yen price in the nearest future. On Monday the yen lost 0.4 percent to 101.36 yen per euro and 0.3 percent to