The Euro fell sharply against the US Dollar below the $1.14 level on the New York Stock Exchange on Monday, after earlier touching its intraday high of $1.1450 on the London Stock Exchange. The common currency lost 0.15%, trading at $1.1390 during the North American trading session by 13:00 GMT.
Europe's largest equity markets closed Monday's trading session in green. Germany's DAX 30 Index gained around 0.8%, finishing at 9,695.68, whereas Britain's FTSE 100 Index added almost 0.1%, closing at 6,208.05 points. In the meantime, France's CAC 40 Index increased 0.3%, ending at 4,317.79, while the Euro Stoxx 50 Index jumped 0.5%, finishing at 2,927.78 points.
The Australian Dollar gained 0.9% against the US Dollar, trading at $0.7614 on the NYSE by 15:26 GMT on Monday, after touching its lowest level of $0.7528 on an intraday basis during the Asian trading session. Meanwhile, the Greenback's Index traded on its lowest level of 97.03 points since August 2015.
Crude oil futures traded higher during the European trading session on Monday. Brent grew $0.79, trading at $42.73 per barrel by 15:18 GMT, after briefly touching $43.06, its highest since December 7. In the meantime, WTI gained $0.65, trading at $40.37 per barrel and touching its three-week high of $40.75.
According to the data released by China's National Bureau of Statistics on Monday, the Consumer Price Index added 2.3% year-on-year in March, below a 2.5% forecast by analysts and in line with the previous month's 2.3%. The price of food jumped 7.6% in March from a year earlier, posting the biggest increase.
On Friday, the US and Germany released their positive forecast for global oil demand growth, sending oil prices higher. Brent added 5.3%, trading at $41.53 per barrel, while WTI increased 6.2% to $39.55 by 15:30 GMT. Thus, the Dow Jones Industrial Average Index gained around 0.5% to 17,630.58 points, whereas the S&P 500 Index raised almost 0.6% to 2,053.88, and
According to the data released on Friday, Britain's industrial output dropped 0.5% in February from the same period last year, registering its biggest fall since August 2013. Moreover, the Office for National Statistics announced that the country's manufacturing output lost 1.1% between January and February, and 1.8% from February of last year. The transportation equipment manufacturing subsector declined 2.9% on
Due to March's promising job report from Statistics Canada released on Friday, the country's unemployment rate dropped to 7.1% from 7.3%. According the data, 41,000 new jobs were created in March, surpassing analysts'expectations of only 10,000 jobs and registering the largest increase since October 2015.
The UK's trade deficit narrowed to £12 billion in February after January's deficit of £12.2 billion, but, nevertheless, analysts expected the gap to moderate to £10.2 billion in the second month of the year. Meanwhile, according to the ONS, Britain's trade deficit with the European Union increased to £8.6 billion in the same period, registering its highest result.
The North American trading session was unsuccessful so far for the USD/CAD pair on Thursday due to the recent fall in oil prices. The US Dollar gained almost 0.5% to C$1.3156 by 16:00 GMT. Meanwhile, WTI lost around 1.9% and Brent dropped 2.0%, trading at $37.04 and $39.03 per barrel, respectively.
On Thursday, the US Department of Labour announced its weekly data. The number of applications for unemployment aid dropped 9,000 to 267,000, whereas analysts surveyed by Reuters expected jobless benefits claims to fall to 270,000. It was the 57th week that applications for unemployment benefits remained below 300,000.
US stocks traded higher on Wednesday, helped by a surprise decrease in crude inventories and a rise in healthcare stocks. The S&P 500 Index added 0.5% to 2,005 points, while the Dow Jones Index gained 0.3% and the Nasdaq Composite Index rose 0.7%, increasing to 17,658 and 4,880 points respectively by 15:30 GMT.
The US government announced an unexpected decline in crude inventories on Wednesday, sending oil prices higher. According to the Energy Information Administration, US crude oil stocks dropped by 4.9 million barrels to 529.9 barrels in the previous seven days. WTI added almost $1.5 and Brent grew around $1.2, trading at $37.34 and $39.11 respectively by 14:45 GMT on the NYMEX.
The yellow metal traded weaker on the London Stock Exchange on Wednesday ahead of the FOMC meeting. Thus, gold dropped around 0.2%, trading at $1,227.5 per ounce by 9:00 GMT. Analyst from FxWirePro expected bullion to trade between $1,225 and $1,242 per troy ounce on Wednesday.
According to the latest results from Quotable Value announced on Wednesday, New Zealand's average property value grew 11.4% to $559,492 year-over-year in March. Moreover, the average house price index increased across all regions in the Q1 except Auckland, where the index showed a slight 0.2% decline to $931,061.
The New Zealand Dollar traded lower against the US Dollar on the New Zealand Stock Exchange by 12:30 GMT on Tuesday. The Kiwi dropped almost 0.9%, trading at $0.6774 ahead of the North American trading session. The New Zealand Dollar lost around 1% so far this year, registering its biggest decline of 6% in January.
The Caixin PMI in China rose to 49.7 in March from 48.0 in February, reaching the highest level in thirteen months as output grew for the first time in a year. The increase in the index indicates that the monetary and fiscal stimulus activities implemented by Chinese government have begun to take effect, despite the fact that foreign demand remained
The Commerce Department reported that home sales in the US jumped by 2% on a monthly basis in February to an annual seasonally adjusted pace of 512,000. In addition, there are more signs showing US housing market strength as the total quantity of houses for sale at the end of February was at the highest levels since October 2009 and
On Tuesday, several deadly explosions have rocked at the airport and metro system in the Belgium capital, Brussel. The Euro dropped to $1.12, whilst the Swiss franc jumped to 1.0879 per euro. The European index, STOXX Europe 600 Travel & Leisure lost 2.75%. Belgium Bel 20 declined by 1.25%, French CAC 40 by 1.4%, German DAX by 1.77% and Dutch
The Commerce Department reported 5.2% increase in housing starts in the US in February. The main driver of the spike was single-family house starts, which rose 7.2% to a yearly rate of 822,000, the highest level in nine years. The housing sector is said to be the main driver of the economic growth in 2016 in the US as decrease
In the speech to the Lower House of the British Parliament, George Osborne declared about the adjustments for the tax rates, inflation and GDP growth prediction in the UK. Inflation was reviewed to 0.7% for 2016. IPT increased to 10%. The cut of the corporation tax to 17% is expected to be done in 4 years. GDP growth expectations were lowered to 2%, 2.2%
The Chancellor of the Exchequer, George Osborne, presented negatively adjusted expectations for the economic growth in the UK. The government forecasted the 2% growth for 2016, whilst previously the growth rate had been expected at the 2.4% level. The prediction for 2017 was diminished to 2.2%. The GBP/USD pair lost 0.64% down to $1.4067 after the announcement.
The Department of Commerce published sales data in the US for February. The core retail sales dropped in February by 0.1%. This is slightly higher than -0.2% which had been expected. PPI and retail sales met expectations, showing drop of 0.2% and 0.1%, respectively. Empire State manufacturing Index was stated at a surprisingly high level of 0.6 points, which is
In anticipation of the two-days Federal reserve meeting, which will be held on Tuesday and Wednesday, the group of analysts shared the forecasts regarding the Fed decision. 95% of the respondents believe that interest rate will not be raised in March. Meanwhile 83% of the financiers anticipate that the hike will be in June or even earlier. 42 analysts have