Emerging-market equities advanced on Monday trading session pushing the benchmark index towards the strongest level in four weeks as technology sector shares gained on speculation that China may add measures to support capital markets. The MSCI Emerging Markets gauge jumped as much as 0.6% to 1,012.94 as of 1:50 p.m. London time.
Gold futures traded in New York declined on Monday trading session snapping last week's rally amid speculation that the U.S. Federal Reserve may cut its stimulus measures sooner than expected pushing futures lower. Gold futures slipped 1.2% to $1,287.60 an ounce on Friday trimming their this year's gains to 7.1%, while they were last seen at $1,302.10 as of 9:24
U.K. shares advanced on Monday trading session after recording a weekly drop last week as mining companies led the rally overshadowing notable drop of British Broadcasting Group Plc. The benchmark stock index FTSE 100 rose as much as 0.5% to 6,845.41 as of 2:44 p.m. London time following last week's 0.1% decrease, while the broader FTSE All-Share gauge jumped 0.5%.
Economic outlook for the United Kingdom was upgraded by the Confederation of British Industry citing ongoing recovery and as business investments rose, a report released by the confederation showed on Monday. According to the report, the nation's growth forecast was lifted to 3% for 2014, up from initial estimate of 2.6%.
France's GDP is likely to expand in the Q2 at the pace recorded in the first three months of this year, the latest outlook revealed by the Bank of France showed on Monday. According to the bank, the country's economy may post a growth of 0.2% in the Q2 compared to a 0.7% advance estimated by the statistical office Insee
Current conditions index in Japan significantly decreased on April despite the fact that outlook index advanced on the month, the latest data published by the Capital Economics showed on Monday. The Japanese current condition index slipped from March's level of 57.9 points to a level of 41.6 points in April, whereas the outlook index jumped from 34.7 to 50.3 points
New bank lending in the world's second largest economy weakened in April staying below initial economists' projections as money supply growth increased on the month, the latest report published by the People's Bank of China showed on Monday. The Chinese banks lent 774.7 billion yuan worth of new loans in April, while in March the figure recorded 1.05 trillion yuan.
Retail sales in Switzerland accelerated on an annual basis in March as non-food prices recorded a robust advance, the latest data unveiled by the Federal Statistical Office showed on Monday. According to the report, the nation's retail turnover grew by 3% in March following a 1.2% increase posted in the previous month.
Inflation measured as consumer price index in India accelerated in the month of April as food prices rose notably, a report unveiled by the Central Statistical Office revealed on Monday. According to the report, the country's consumer price inflation increased annually by 8.59% in April following a 8.31% advanced in the prior month.
Industrial output in the Asia's third largest economy shrank in March easing for the second successive month, the latest data released by the official statistical office showed on Monday. According to the data, the country's industrial production slipped by 0.5% on an annual basis in March as consumer demand weakened, while it was originally seen to be falling to 1.5%.
Wall Street opened higher earlier on Monday trading session pushing the benchmark stock index Standard & Poor's 500 close to its highest level all-time. The S&P 500 Index gained as much as 0.48% to 1,887.51, the Doe Jones industrial average added 0.43% to 16,654.85 and the Nasdaq Composite index jumped 0.63% to 4,097.37 points.
The 18-nation bloc currency slightly advanced earlier on Monday trading session as investors stayed cautious before the European Central Bank revealed its decision whether to add more stimulus or cut rates further. The Euro gained as much as 0.1% rising from Friday's one-month low of $1.3745 to $1.3759 and it was last seen at 140.21 yen.
China's equities advanced on Monday trading session with the benchmark stock index closing at the strongest level in more than two weeks after the government in Beijing pledged to add more reforms of capital markets in the country and supporting commodity sector. The CSI 300 gauge rose to 2,180.1 points at the close, while the Shanghai Composite Index added 2.1%
Government bonds in the U.S. and Europe dropped on Monday trading session as majority of European shares advanced pushing the benchmark index towards the highest level in six years as the European Central Bank may add more stimulus into the region's financial system. U.S. Treasuries fell with the 10-year yields rising to 2.649%, while German benchmark 10-year yields gained to
The total number of job vacancies in the financial sector of London climbed 67% in April of the current on the annual basis, reaching as many as 8,955 against 5,355 a year ago, while British and global economy recovers from the crisis. Moreover, the average salary for new workers added 21% last month. Financial companies are mostly looking for compliance
European stocks advance in the beginning of the new trading week, showing the consecutive surge for four weeks in a row, while most of Asian shares jumped and U.S. equities' futures are stable. The benchmark Europe Stoxx 600 Index added 0.2% to 339.36 points by 7:00 GMT in London, as investors are waiting from the ECB to take further actions
The economic growth in Estonia turned to be negative in the first three months of the current year, as the GDP lost 1.2% on quarterly basis. Moreover, year-on-year economy dropped 1.9% after a 0.3% decrease in October-December quarter. The data showed a slowed increase in manufacturing sector, particularly in chemical and electronic industries, which also decreased exports.
Activity in the construction sector of Ireland reached the maximum level since 2004 in April of this year, as orders increase and companies hire new staff. The benchmark PMI Index for this particular sector from the Ulster Bank advanced to 63.5 points last month from 60.2 points in March. The indicator expands for the eight consecutive month, having a reading
The European economy is recovering from the prolonged recession and is ready to show a pick up this week, as analysts are waiting for GDP data. However, the ECB is probably going to increase the pace of stimulus in June, pointing on very low inflation of 0.7%, less than a half of the ECB target. Among possible actions, economists see
The vast majority of investors, who participated in the poll of Bloomberg news agency, agree that the Eurozone faces serious risks of deflation in the medium-term. This point of view was supported by 74% of respondents. It is worth pointing out that some countries, such as Portugal, have already registered deflation, while the overall CPI level in the Eurozone still
The Bank of England's Monetary policy committee decided to keep the monetary policy course, implementing no changes to the interest rate of 0.5%, which is stable since 2009. Moreover, the volume of asset purchases program has also been kept at the previous level of 375 billion pounds. As expected by analysts, any changes may start to take place in the
Barclays Plc, one of the biggest banks in the United Kingdom, announced on Thursday 7,000 additional job cuts that will take place by 2016. A report shows that the financial institution wants to decrease its dependence on this working unit. Therefore, the total job losses will amount 19,000 by 2016. Today, Barclays Plc shares are jumping 4.7% to 254.75 pence
The government of Denmark unveiled a plan to support country's economy, as the mortgage crisis pushed it to recession. As expected, the authorities are preparing a $1.1 billion investment plan to increase output. Moreover, the business climate is expected to improve considerably, with tax breaks for new companies, lower taxes on dividends and reduced electricity fees.
Consumer confidence in Switzerland weakened modestly in the month of April amid lower spending by the nation's households staying cautious about general economic development, the State Secretariat for Economic Affairs showed in a report on Thursday. Switzerland's consumer sentiment index dropped from +2 recorded in January to a level of +1 in April, while it was originally seen to be