The British Sterling increased on Tuesday rising for the fourth successive day versus its U.S. counterpart and reaching the highest level in four years as investors speculate that the United Kingdom's growth may increase further. The Pound strengthened by 0.2% to $1.6841 by 4:10 p.m. in London following a jump to $1.6853 recorded yesterday.
Emerging-market equities increased on Tuesday trading session rising by the most in four weeks led by Russian shares gaining by 2.3% after the U.S. and European Union added more sanction on the Russian Federation. The MSCI Emerging Markets Index advanced as much as 0.8% to 1,001.16 by 10:23 a.m. New York time.
European bonds were little changed on Tuesday as investors speculate whether the European Central Bank introduce further monetary stimulus measures on the next week's policy meeting as inflation in the Eurozone stays low. Spanish benchmark 10-year yields traded at a level of 3.07% by 2:57 p.m. in London following a gain by five basis points, while Italy's 10-year notes were
The European benchmark Brent crude increased on Tuesday trading session as the U.S. and European Union put more sanctions on Russia and as stockpiles at Oklahoma's Cushing delivery point dropped according to a report released by the EIA. Brent for delivery in June jumped as much as 0.9% to a level of $109.14 per barrel on the London's ICE Futures
West Texas Intermediate crude increased on Tuesday trading session after European Union and the U.S. added more sanctions on Russian individuals and companies as the geopolitical crisis in Ukraine continues. WTI for settlement in June added as much as $1.11 to $101.95 per barrel as of 9:58 a.m. on the NYMEX.
U.S. Treasuries dropped on Tuesday trading session falling for the second successive day as the U.S. Federal Reserve begins its two-day policy meeting expected to bring further cut of its bond-buying program to $45 billion a month. The benchmark 10-year government bonds yielded one basis points higher at 2.71% by 10:20 a.m. in New York.
Retail sales in Italy slipped in the month of February falling for the third successive time and at a faster rate than originally expected, the latest figures revealed by the statistical office Istat showed on Tuesday. Italy's retail sales dropped by 1.0% in February after sliding by 0.9% in the previous month and decreasing by 2.6% in December.
Business confidence in Italy accelerated in April rising for the third successive month and maintained at the strongest level in almost three years, the latest report unveiled by the statistical office Istat showed on Tuesday. According to the report, the country's business sentiment index jumped from March's level of 99.3 points to 99.9 points in the following month.
Inflation measured as harmonized price index in the Europe's largest economy rose in April rising for the first month in five, however staying below economists forecast, the latest report unveiled by the statistical office Destatis showed on Tuesday. The German HICP accelerated by 1.1% on an annual basis in April after gaining 0.9% in the prior month.
Metropolitan areas home prices in the U.S. increased in February matching economists' expectations, the latest data revealed by the Standard & Poor's unveiled on Tuesday. According to the report, the S&P/Case-Shriller Home Price Index measuring prices in twenty biggest cities advanced 0.8% in February staying unchanged from the month before.
Consumer confidence in the world's largest economy declined in April, the latest report revealed by the Conference Board unveiled on Tuesday. According to the report, the country's consumer sentiment index slipped from a level of 83.9 points in March to 82.3 points in the following month, while it was seen to rising to 83.0 points.
Russian shares advanced on Tuesday trading session after the United States put more sanctions on the Russian Federation individuals and companies as the geopolitical crisis in Ukraine continues. The Russian benchmark stock index MICEX gained as much as 1.8%, while the U.S. Dollar-denominated RTS Index soared 1.1%.
The European currency was traded higher on Tuesday session rising against the U.S. Dollar and the Japanese Yen after the European Central Bank President Mario Draghi commented on current monetary situation in the Eurozone as inflation stays low. The Euro advanced as much as 0.1% to $1.3860 and it rose 0.3% to 142.37 yen.
The majority of European shares advanced on Tuesday session after some companies showed favourbale earnings reports and as the European Central Bank signaled that it may maintain its current monetary policy. The FTSE Eurofirst 300 Index gained 0.8% to 1347 points and the German benchmark index DAX rose 1.2% to 9558 points.
Wall Street opened higher earlier on Tuesday trading session after companies showed favourable earnings reports led by Merck & Co rising by 2.1%. The Standard & Poor's 500 Index added 0.23% to 1,873.68, the Dow Jones industrial average gained 0.19% to 16,480.33 and the Nasdaq Composite index traded 0.31% higher at 4,087.12.
Gold traded in New York dropped on Tuesday trading session falling for the second successive day trimming its monthly gain as investors stayed focused before the Federal Reserve began its policy meeting today. Bullion for delivery in June declined as much as 0.1% to $1,297.70 an ounce as of 10:08 a.m. on the New York's Comex.
The third largest car maked in the world, Volkswagen AG, increased its January-March profit by 22%, comparing with a year earlier, as Porsche income surged 22%, while Audi increased net profit by 0.5%. In total, the group ended the quarter with 2.86 billion euros EBIT. Today, the Volkswagen AG equities are increasing in price by 0.2% to 191.18 euro by
Deutsche Bank AG, the biggest investment bank in Europe, reported today a 34% decline in its quarterly profit for January-March period, as revenue from trading currencies dropped 10%. Net income reached 1.08 billion euros, which was a bit higher than expected by analysts. Today, Deutsche Bank AG shares are climbing 2.4% to 32.18 euro by 11:00 GMT in Frankfurt.
Economic confidence level in the Eurozone surprisingly plummeted in April of the current year, as unstable political situation in Ukraine and slowing GDP growth in China raises concerns that Eurozone's economy will not increase the pace of growth. The indicator from the European Commission declined to 102 points from 102.5 in March, while experts predicted the rise to 102.9 points.
130 biggest banks of the EU will be tested by the ECB in November, as they will go through a simulated very tough economic decline and rise in unemployment in order to estimate, how can they withstand this downward pressure. Moreover, the simulation will include a 19.2% plunge of the stock market and 21.2% decrease in home price. Polish zloty
Economic growth in the United Kingdom increased the pace of advance during the first threee months of this year, as the GDP added 0.8% on a quarterly basis after a 0.7% rise in October-December. Year-on-year economy surged 3.1%, the largest jump since 2007. However, economy is still 0.6% below the year 2008 maximum, as during the financial crisis British economy
Gold traded in New York advanced on Monday rising to the strongest level in almost two weeks and set to record its third monthly increase in four months as demand for safe-have assets improved on Ukraine's geopolitical crisis. Gold futures for settlement in June swung between gains and losses and were last seen at $1,299.7 an ounce as of 7:59
The European benchmark Brent crude was traded flat on Monday rebounding from the largest drop in a three-week period as speculators boosted bets on gains to the strongest level since September last week as Libya may lift one of its oil field's force. Brent for delivery in June gained 62 cents to $110.20 per barrel on the London's ICE Futures
West Texas Intermediate oil increased on Monday trading session rebounding from the weakest level in nearly three weeks after the U.S. signaled it may put more sanctions on the Russian Federation as the Ukraine crisis continues. WTI for settlement in June advanced $0.92 to a level of $101.52 per barrel on the NYMEX and was last seen at $101.17 by