Precious metals mostly increased on Monday session with silver heading towards the longest winning streak since 1968 after a government report showed that China's bank lending rose spurring demand for commodities. Silver for February delivery gained 2.2% to $21.9791 an ounce, platinum jumped 0.5% to $1,434.25 an ounce and palladium added 0.6% to $742 an ounce.
Gold increased on Monday trading session rising towards the highest figures in over three months after demand for safe-haven assets was boosted by speculation that the world's largest economy may recover slower. Bullion for settlement in February gained 0.9% to $1,330.03 an ounce, the strongest level since October 31, and was last seen at $1,326.25 as of 3:21 p.m. Singapore
Natural gas trade in New York advanced on Monday extending it's the first weekly increase in a four-week period after jumping by 9.2% last week as extremely cold weather moved to the U.S. Northeast. Natural gas for settlement in March climbed 4.7% to $5.458 a million British thermal units and was last seen at $5.436 as of 3:12 p.m. in
West Texas Intermediate oil increased on Monday gaining for the first session in three days after recent reports showed that the U.S. economy is improving and as China's rising bank lending boosted outlook for demand. WTI for settlement in March jumped 74 cents to $101.04 per barrel on the NYMEX and was last seen at $100.82 as of 3:27 p.m.
Shares in Hong Kong advanced on Monday trading session rising for the second straight day with the local benchmark stock index reaching the highest level in three weeks after a government report showed that bank lending in China climbed. The Hang Seng Index added 1.1% to 22,535.94 in Hong Kong, while the Hang Seng China Enterprises Index jumped 1.7% to
The Japanese currency declined on Monday falling for the first session in a four-day period against the U.S. Dollar after a report showed that gross domestic product in Japan advanced less than economists originally expected in the last quarter of 2013. The Yen slipped 0.1% to 101.87 a U.S. Dollar as of 8:48 a.m. in London following an advanced by
European equities advanced on Monday trading session with the region's benchmark index Europe Stoxx 600 extending its last week's gain after a report showed that house prices in the United Kingdom climbed the most in more than a year. The benchmark Stoxx Europe 600 Index added 0.4% by 8:22 a.m. London time with four stocks rising for each falling.
Global shares increased on Monday with the gauge measuring performance of stocks world-wide rising and extending its largest weekly advance in a four-month period after a report showed that bank lending in China rose booting prospects for economic growth in the country. The MSCI World Equity index added 0.5% following last week's gain of 2.4%.
Industrial producer price index in Denmark grew modestly in the month of January, the latest report revealed by the Statistics Denmark showed on Monday. According to the report, the country's producer price index accelerated 1% in January on an annual basis, while manufacturing production gained 0.2% and quarrying and mining output rose 5.8%.
Bank lending in the Asian largest economy increased on January rising to the highest level in four years, however the figure raised concerns over quality of lending and high credit growth, the People's Bank of China revealed in a report on Monday. The report showed that China's banks lent 1.32 trillion yuan in January higher from December's level of 482.5
Industrial output in the Asia's second largest economy advanced in December, however the pace of growth was lower than economists originally expected, a report published by the Ministry of Economy, Trade and Industry showed on Monday. According to the report, Japan's industrial production gained 7.1% in December compared to forecast level of 7.3%.
According to the Rightmove company data, housing prices in the United Kingdom could add 3.3% in February month-on-month, judging by average asking prices. Meanwhile, in January prices were going up 1%. On the annual basis, the HPI index climbed 6.9%. By region, prices surged 11.2% in London, following by a 4.1% and 2.3% increase in Yorkshire and Wales, respectively.
Unemployment rate in Turkey remained stabled in November from the month before with the total number of people without a job recording 2.8 million, the latest data revealed by the Turkish Statistical Institute showed on Monday. According to the data, Turkish jobless rate came in 9.9% in November, while in November 2012 the rate was 9.5%.
The United Kingdom benchmark interest rates may stay unchanged until the slack in the local economy come to an end, according the Bank of England Governor Mark Carney, adding that the bank is looking for sustainable growth to hike the rates. In the last week's quarterly Inflation Report the bank suggested that the rates may be raised in the Q2
New car registrations in Australia slipped 3.5% in January of this year on a monthly basis, while the indicator for December was revised down to a 1.4% rise. Totally, there were 93,232 cars sold, down 3% on the annual basis. It is worth pointing out that all regions posted a yearly decline with Western Australia and Victoria sales dropping 7.9%
Japanese shares advanced on Monday session pushing the region's benchmark index higher together with firmer country's currency after data showed that gross domestic product 0.3% in the last quarter compared to forecast level of 0.7%. The Nikkei 225 index added 0.5%, while disappointing reports may keep pressure on the BoJ to support the economy with further easing.
The majority of Asian shares increased on Monday trading session adding to their last week's rally amid speculation that sell-off in emerging markets may have come to an end pushing the safe-haven assets lower. The MSCI Asia-Pacific gauge outside Japan added 0.7% extending its gain to 6% in the last eight sessions, while Indonesia's and Philippines' indexes surged 0.8%.
Economic growth in Japan was only 0.3% in the last quarter of 2013, the preliminary data showed on Monday. Moreover, the expansion pace for July-September quarter was revised down from 0.5% to 0.3%. Analysts expected a 0.7% GDP rise in Q4. On the annual basis, Japanese economy jumped 1%, however, analysts predicted a much stronger pace of increase – by
U.S. shares swung, with the regional benchmark Standard & Poor's 500 Index set for a second consecutive weekly gain, as investors speculated on U.S. industrial production data tad declined. The S&P 500 added 0.1% to 1,831.92 as of 10:13 a.m. New York time, while the Dow Jones Industrial Average climbed 0.2% to 16,055.78.
U.K. shares were little changed, with the benchmark FTSE 100 Index set for second consecutive week of gains, as U.S. industrial output fell surprisingly in January. The FTSE 100 slid 0.1% to 6,657.76 as of 3:03 p.m. London time, paring a climb of 0.2%. The FTSE All-Share Index added 0.1%, while Ireland's ISEQ Index jumped 0.4% today.
The British currency advanced for a fourth straight day versus the U.S. Dollar after nation's construction output grew in December. The Sterling added 0.3% to $1.6709 as of 1:51 p.m. in London and the pair has climbed 1.8% this week, the biggest weekly gain since June, 2013. The British Pound climbed 0.2% to 81.95 pence per Euro.
The U.S. Dollar depreciated a third straight day versus the Japanese Yen after U.S. industrial production fell the surprisingly in January. The greenback slid 0.3% to 101.85 Yen as of 9:38 a.m. New York time and has retreated 0.5% this week. The U.S. Dollar weakened 0.1% to $1.3689 per Euro, after slipping to $1.3715, the lowest level since January 27.
Trade surplus of the Eurozone rose considerably in December of this year from a year ago, as exports surged much faster than imports. The positive balance in trade of goods and services reached 13.9 billion euro versus 9.8 billion euro in December 2012. Exports jumped 4% after a 2% fall in November. Imports, in turn, advanced 1% in December after
The Eurozone's economy posted a 0.3% increase in the Q4 of 2013 on a quarterly basis, while analysts predicted a 0.2% expansion. Experts explain the highest-than-expected growth by strong data from Germany and France. Moreover, Italian economy started to expand for the first time since 2011. It is forecasted that region's economy will raise its pace of expansion in the